Oxford Biomedica, Smith & Nephew 'vulnerable' to takeover
RBC anticipates more takeovers in the healthcare space after a flurry of recent bids for mid-cap listed assets
Company
LON:OXB
Oxford BioMedica is a biopharmaceutical company specialising in the development and commercialisation of innovative gene-based medicines. The Company was established in 1995 as a spin out from Oxford University, and is listed on the London Stock Exchange. Oxford BioMedica's products use genes as the mediators of a therapeutic effect and/or immune response. The company has a platform of gene delivery technologies, which are predominately based on highly engineered viral systems. Oxford BioMedica has core expertise in gene delivery, as well as in-house clinical, regulatory and manufacturing know-how.
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RBC anticipates more takeovers in the healthcare space after a flurry of recent bids for mid-cap listed assets
The company also said it will raise £80mln in a placing
US-based Cabaletta Bio develops engineered T cells designed to treat patients with autoimmune diseases
The group is a key manufacturer of what is known as the Oxford/AstraZeneca jab
With revenues rolling in from the COVID-19 vaccine the group is expecting another year of strong top-line growth.
The programme aims to develop next-generation cell therapies with improved efficacy and durability
The approval completes a phase of expansion that more than doubles the group's manufacturing capacity compared to 2019
Oxford Biomedica will receive £15mln upfront as a capacity reservation fee, plus additional revenue in excess of £35mln
NASDAQ-listed Beam Therapeutics signed up to use the firm's LentiVector platform in its projects
Oxford University, Moderna, Johnson & Johnson and a partnership between Pfizer and BioNTech are developing the lead candidates, according to experts
Archive
A look at some of the major risers and fallers in London on Wednesday
Oxford said the proceeds of the investment will be used to repay debt and develop its products
Investments and investor services
A look at the day's major movers, including Pressure Technologies. Clontarf Technologies, Oxford Biomedica, Trafalgar Property, Yü, Proton Power and Frontier IP
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Footsie closed around 26 points higher at 7,185, while FTSE 250 added around 103 points at 19,283
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Brexit and the latest vote will likely be the main talking point, but there will be financial results too!
Oxford signed deals with Bioverativ and Axovant, which could be worth upwards of US$1bn over the next few years
The UK benchmark index of leading shares finished down nearly 32 points at 7,281
Investments and investor services
The supermarket is the likely standouts in Thursday's market diary.
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The week ahead includes annual results from Wetherspoons, Galliford Try and Dunelm along with interims from Morrisons and trading updates from AB Foods and Ashtead
Immuno-oncology has become a popular field of research with UK companies at the forefront of the latest innovations