Hardman Research: Ready for CTL019 approval

RNS Number : 9036O

Oxford Biomedica PLC

24 August 2017

 

Hardman Research: Ready for CTL019 approval

Ready for CTL019 approval - OXB is a specialist advanced therapy viral-vector biopharmaceutical company. It offers vector manufacturing and development services, whilst retaining proprietary drug candidates. OXB will also receive royalties on commercial products developed with its LentiVector® platform. In the six months to end June 2017, Novartis made considerable progress towards approval of CTL019, improving sentiment for OXB which supplies vector essential for its manufacture. Post-period, a new deal was signed with Novartis, with OXB potentially receiving >$100m over three years. The cash position @31st July was £22.1m.

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http://hardmanandco.com/docs/default-source/company-docs/oxford-biomedica-documents/24.08.17-ready-for-ctl019-approval.pdf

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