Oxford BioMedica wins 2nd $hundred mln gene medication contract
Shutterstock photoLONDON, Feb 15 (Reuters) - UK'sOxford BioMedica has won a 2nd $hundred mn contract to supply gene medication material, this time from Bioverativ, that agreed final 30 days to be acquired by Sanofi for $eleven.six bn. Oxford Bio said on Thursday it would receive $five mn upfront & would be eligible for several milestone payments, potentially worth in excess of $hundred mn, plus royalties on discounts of haemophilia therapies that Bioverativ is emerging. The bargain follows a similar $hundred mn contract final year to supply lentiviral vectors, that are used to deliver DNA into cells, for Novartis's pioneering leukaemia curing Kymriah. This time, But, gene & cell medication is coming of age, by the premier products confirmed final year in the U.S. & further on How. Peel Hunt analyst Amy Walker, who averages the stock a purchase, said the Fresh bargain cemented her view that Oxford Bio's technology was "at the forefront of the gene & cell medication revolution".Oxford BioMedica wins 2nd $hundred mn gene medication contract
referring to LONDON (Reuters) - UK's Oxford BioMedica has won a 2nd $hundred mn contract to supply gene medication material, this time from Bioverativ, that agreed final 30 days to be acquired by Sanofi for $eleven.six bn. Oxford Bio said on Thursday it would receive $five mn upfront & would be eligible for several milestone payments, potentially worth in excess of $hundred mn, plus royalties on discounts of hemophilia therapies that Bioverativ is emerging. The bargain follows a similar $hundred mn contract final year to supply lentiviral vectors, that are used to deliver DNA into cells, for Novartis's pioneering blood cancer curing Kymriah. This time, But, gene & cell medication is coming of age, by the premier products confirmed final year in the U.S. & further on How. Peel Hunt analyst Amy Walker, who averages the stock a purchase, said the Fresh bargain cemented her view that Oxford Bio's technology was "at the forefront of the gene & cell medication revolution".collected by :Lucy William
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