License Agreement

Oxford Biomedica PLC 06 July 2007 For Immediate Release 6 JULY 2007 OXFORD BIOMEDICA SECURES RIGHTS TO ENDOSTATIN AND ANGIOSTATIN GENES FOR CANCER FROM CHILDREN'S HOSPITAL BOSTON Oxford, UK: 6 July 2007: Oxford BioMedica (LSE: OXB), a leading gene therapy company, announced today that it has signed a license agreement with Children's Hospital Boston to extend the Company's existing rights for the anti-angiogenic genes, endostatin and angiostatin, for the treatment of cancer using gene therapy. Angiogenesis, which is the formation of new blood vessels, is a critical mechanism for tumour progression. It has been clinically proven that tumour growth can be suppressed by using anti-angiogenic approaches to inhibit tumour angiogenesis. Endostatin and angiostatin are endogenous anti-angiogenic proteins discovered in the laboratory of Dr. Judah Folkman, director of the Vascular Biology Program at Children's Hospital Boston. Oxford BioMedica previously licensed the endostatin and angiostatin genes for its RetinoStat(R) product candidate for the treatment of wet age-related macular degeneration (wet AMD) and other ocular diseases associated with aberrant blood vessel growth. The RetinoStat programme is expected to enter clinical development in 2008 for wet AMD. Under the terms of the new license agreement with Children's Hospital Boston, Oxford BioMedica will pay an upfront payment, milestone payments and royalties on sales. Further details were not disclosed. In a separate agreement, also announced today, Children's Hospital, Boston has agreed to subscribe for a total of 243,306 ordinary shares of 1p each at £0.4075 per share. Application will be made to the United Kingdom Listing Authority ('UKLA') for the newly issued ordinary shares in Oxford BioMedica to be admitted to the Official List of the UKLA and to the London Stock Exchange plc for admission to trading on its market for listed securities. The shares are expected to commence trading on 12 July 2007. -Ends- For further information, please contact: Oxford BioMedica plc: Tel: +44 (0)1865 783 000 Professor Alan Kingsman, Chief Executive 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 7268 3002 Gemma Price/ Holly Griffiths/ Katja Stout Northbank Communications Notes to editors 1. Oxford BioMedica Oxford BioMedica (LSE: OXB) is a biopharmaceutical company specialising in the development and commercialisation of novel therapeutic vaccines and gene-based therapies with a focus on oncology and neurotherapy. The Company was established in 1995 as a spin-out from Oxford University, and is listed on the London Stock Exchange. The Company has a platform of gene delivery technologies, which are based on highly engineered viral systems. Oxford BioMedica also has in-house clinical, regulatory and manufacturing know-how. In oncology, the lead product candidate is TroVax(R), an immunotherapy for multiple solid cancers, which is licensed to sanofi-aventis for global development and commercialisation. A Phase III trial of TroVax in renal cancer is ongoing and sanofi-aventis is implementing a development plan for colorectal cancer. Oxford BioMedica's oncology pipeline includes a specific immunotherapy candidate, Hi-8(R) MEL, for melanoma, which has completed two clinical trials. In neurotherapy, the Company's lead product, ProSavin(R), is expected to enter clinical development for Parkinson's disease in 2007. The neurotherapy pipeline also includes preclinical gene-based therapeutics for vision loss, motor neuron disease and nerve repair. The Company is underpinned by over 80 patent families, which represent one of the broadest patent estates in the field. The Company has a staff of approximately 75 split between its main facilities in Oxford and its wholly owned subsidiary, BioMedica Inc, in San Diego, California. Corporate partners include sanofi-aventis for TroVax and Wyeth for a targeted antibody therapy. The Company also has collaborations with Intervet, Sigma-Aldrich, MolMed and Virxsys. Technology licensees include Merck & Co, Biogen Idec, GlaxoSmithKline and Pfizer. Further information is available at www.oxfordbiomedica.co.uk 2. Children's Hospital Boston Children's Hospital Boston is home to the world's largest research enterprise based at a paediatric medical centre, where its discoveries have benefited both children and adults since 1869. More than 500 scientists, including eight members of the National Academy of Sciences, 11 members of the Institute of Medicine and 10 members of the Howard Hughes Medical Institute comprise Children's research community. Founded as a 20-bed hospital for children, Children's Hospital Boston today is a 347-bed comprehensive centre for paediatric and adolescent health care grounded in the values of excellence in patient care and sensitivity to the complex needs and diversity of children and families. Children's also is the primary paediatric teaching affiliate of Harvard Medical School. For more information about the hospital and its research visit: www.childrenshospital.org/newsroom This information is provided by RNS The company news service from the London Stock Exchange
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