Oxford Biomedica PLC
21 December 1999
For further information, please contact:
Oxford BioMedica plc
Professor Alan Kingsman, Chief Executive Tel: +44 (0)1865 783 000
City / Financial Enquiries:
David Simonson / Melanie Toyne Sewell Tel: +44 (0)171 606 1244
Scientific / Trade press Enquiries
Michaela Mahon / Sarah Pattinson, HCC de Facto Tel: +44 (0)171 496 3300
OXFORD BIOMEDICA COMPLETES ACQUISITION OF NOVEL ANTIBODY TECHNOLOGY
Oxford, England - 21 December 1999. Oxford BioMedica plc (AIM-OXB) today
announced that it has strengthened its cancer immunotherapy programme through
the acquisition of rights to a novel human antibody, called OBAb2.
The antibody has significantly higher specificity for tumours than many
so-called tumour specific antibodies. The rights for it have been acquired
from a leading research group led by Dr Hennie Hoogenboom at the University of
Maastricht in the Netherlands.
Oxford BioMedica is establishing a world-wide reputation for advanced
gene-based immunotherapy for cancer. Its first product in this area,
TroVaX(TM), has entered clinical development and will be tested in Phase I/II
trials in colorectal cancer. In addition, the Company is developing gene-based
antibody therapies to be used alongside the TroVaX(TM) vaccine. The OBAb2
antibody is part of the Company's armoury of engineered antibodies that are to
be delivered by gene therapy.
Commenting on the agreement, Alan Kingsman, CEO of Oxford BioMedica said:
' Oxford BioMedica has accumulated a powerful set of technologies that target
the treatment of cancer by recruiting the immune system to destroy the tumour.
There is substantial interest in these technologies from the pharmaceutical
industry and I am confident OBAb2 will be a major deal-driver in the future.'
Notes to Editors
1. Oxford BioMedica plc
Established in 1995, the Company specialises in the development and
application of gene-based therapeutics using advance gene delivery
technologies for the treatment of disease in the areas of Oncology, Viral
Infection, Neurobiology and Genetic Deficiency. Oxford BioMedica plc was
floated on the UK Alternative Investment Market of the London Stock Exchange
in December 1996.
2. Worldwide web
This release is also available on the Worldwide Web at
http://www.oxfordbiomedica.co.uk
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.