OXFORD BIOMEDICA ANNOUNCES AMENDMENT TO 5T4 LICENCE AGREEMENT WITH CRT AND ISSUE OF SHARES

On June 18, 2010 Oxford BioMedica (LSE:OXB), a leading gene therapy company, announced today that it has signed an amendment to its licence agreement with Cancer Research Technology (CRT) covering the use and exploitation of the 5T4 antigen used in TroVax, Oxford BioMedica’s therapeutic cancer vaccine, the antibody being developed by Pfizer, and other potential applications (Press release, Cancer Research Technology, JUN 18, 2010, View Source [SID1234523526]).

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

Under the amended agreement, royalty payments that had been due to CRT relating to amounts received under the sanofi-aventis TroVax agreement (signed March 2007 and terminated April 2009) will now be settled.

To find out more, read the Oxford BioMedica press release.