Agreement with Biogen Idec

Oxford Biomedica PLC 05 January 2005 FOR IMMEDIATE RELEASE 5 JANUARY 2005 OXFORD BIOMEDICA SIGNS LENTIVECTOR(R) LICENSING AGREEMENT WITH BIOGEN IDEC Oxford, UK: 5 January 2005 - Oxford BioMedica (LSE: OXB), the leading gene therapy company, announced today that it has entered into an agreement to license its LentiVector technology to Biogen Idec (NASDAQ: BIIB) for use in research activities. Under the terms of the agreement, Oxford BioMedica will receive an upfront licence payment and an annual maintenance fee. Further financial details were not disclosed. LentiVector, a lentivirus-based system, is one of the most powerful technologies available for gene delivery to a wide range of cell and tissue types. The technology has applications both in therapeutic products and drug discovery, as a tool for target validation and the creation of targeted disease models. It has also been shown to enhance the efficiency of developing transgenic birds and mammals. Oxford BioMedica has a comprehensive portfolio of US and European patents covering the LentiVector technology. Oxford BioMedica's Senior Vice President Commercial Development, Peter Nolan, said: 'We are delighted to add Biogen Idec to our list of licencees for the LentiVector technology. This agreement is a further demonstration of the technology's superiority and broad utility. We expect Oxford BioMedica's LentiVector technology to become the system of choice for safe and effective gene delivery in drug discovery and transgenics.' For further information, please contact: Oxford BioMedica plc: Tel: +44 (0)1865 783 000 Professor Alan Kingsman, Chief Executive Peter Nolan, SVP Commercial Development City/Financial Enquiries: Tel: +44 (0)20 7466 5000 Lisa Baderoon/ Mark Court/ Mary-Jane Johnson Buchanan Communications Scientific/Trade Press Enquiries: Tel: +44 (0)20 7886 8150 Sue Charles/ Katja Stout/ Ashley Lilly Northbank Communications Notes to editors 1. Oxford BioMedica Oxford BioMedica (LSE: OXB) is a biopharmaceutical company specialising in the development of novel gene-based therapeutics with a focus on the areas of oncology and neurotherapy. The Company was established in 1995 as a spin out from Oxford University, and is listed on the London Stock Exchange. In addition to its technical expertise in gene delivery, Oxford BioMedica has in-house clinical, regulatory and manufacturing know-how. The development pipeline includes two novel anti-cancer products in clinical trials; two neurotherapy products in advanced preclinical development for Parkinson's disease and retinopathy; and three further preclinical neurotherapy products. The Company is underpinned by an extensive preclinical and research portfolio and over 80 patent families, which represents one of the broadest patent estates in the field. The Company has established a neurotherapy pipeline of product candidates based on its LentiVector technology, which includes ProSavin(R) for Parkinson's disease, RetinoStat(R) for retinopathy, MoNuDin(R) for motor neuron disease, SMN1-G for spinal muscular atrophy and Innurex(R) for nerve repair. Current licencees of the LentiVector technology for drug discovery and transgenic applications include Merck & Co and Viragen. Further information is available at http://www.oxfordbiomedica.co.uk 2. LentiVector technology Oxford BioMedica's LentiVector gene delivery technology, based on lentiviral vectors, is arguably the most potent system currently available for treating a range of diseases, particularly those of the central nervous system. Oxford BioMedica has shown that its lentiviral vectors are able to deliver genes with high efficiency to a variety of both dividing and non-dividing cells, including neurons in the brain. Oxford BioMedica has three issued US patents and a European patent for its LentiVector technology. These include broad composition of matter claims and methods of production claims for lentiviral vector gene delivery systems of both human and non-human origin. The patents also cover derivatives of lentiviral vector systems that, unlike many versions of lentiviral vectors, have real clinical utility because of their safety. The Oxford BioMedica team was the first to construct lentiviral vectors that contain no viral genes at all, and which comprise the minimum number of viral components in the viral particles. It is this minimisation of the vectors that is the subject of these patents. This work was done using vectors based on HIV and Equine Infectious Anaemia Virus (EIAV), a horse virus that is not linked to any disease in humans. 3. Biogen Idec Biogen Idec creates new standards of care in oncology and immunology. As a global leader in the development, manufacturing, and commercialization of novel therapies, Biogen Idec transforms scientific discoveries into advances in human healthcare. For product labeling, press releases and additional information about the company, please visit http://www.biogenidec.com/ This information is provided by RNS The company news service from the London Stock Exchange
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