Gene therapy deal to drive “pipeline transformation” for Axovant Sciences, says Oppenheimer
Axovant expects to initiate a study of AXO-Lenti-PD in patients with advanced Parkinson's disease by the end of 2018
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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Axovant expects to initiate a study of AXO-Lenti-PD in patients with advanced Parkinson's disease by the end of 2018
A look at some of the biggest risers and fallers in London on Wednesday
The gene and cell therapy group said under the agreement with Axovant Sciences it would receive a US$30mln upfront payment
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Oxford BioMedica will receive a US$5mln payment upfront and will be eligible to receive various milestone payments potentially worth in excess of US$100mln
The FTSE 100 closed down 45 at 7,387, while the FTSE 250 lost 86 at 19,773.
The B&Q owner's French business has overshadowed recent decent performances, will it blight the next figures?
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Week ahead includes UK inflation, unemployment, average earnings data; trading update from Kingflsher PLC, interims from Hargreaves Lansdown PLC, Admiral PLC ...
Oxford Biomedica said a new contract with Novartis could generate more than US$100mln over the next three years
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A rise is taken as read, and – assuming the Fed does not perform a triple Salchow with accompanying back-flip – the focus will be on the Fed’s commentary in its post-meeting statement.
The firm said the results showed patients given TroVax and low dose cyclophosphamide demonstrated “significant anti-5T4 immune responses”
Main share price risers and fallers in London at 3.45pm
Other companies reporting include Lloyds Banking, Taylor Wimpey and WPP
The Footsie put on a late spurt to finish in the blue, as US stocks roused themselves after a sluggish start.
Shares dropped as crude prices fell, but Stagecoach provided interest
Silver prices hit a 10-month high and gold stocks glittered
Sainsbury's approached Home Retail in November about cash-and-share deal