OXFORD BIOMEDICA ACQUIRES CHIRON PATENTS AND
ISSUES SHARES TO CHIRON
Oxford, UK - 7 June 2004: Oxford BioMedica (LSE OXB), the leading gene therapy
company, announced today that it has signed an agreement with the Chiron
Corporation to acquire certain patent families from Chiron's gene therapy patent
portfolio. The agreement includes taking assignment of Chiron's interest in a
license agreement with an undisclosed university. Financial terms have not been
disclosed.
Chiron's patent portfolio contains some early gene therapy technology that
complements Oxford BioMedica's substantial gene therapy patent estate. The
technology acquired includes:
1. The use of human cell lines for the production of gene therapy products
2. Gene-directed enzyme pro-drug therapy (GDEPT)
3. The use of the envelope protein of the vesicular stomatis virus (VSV-g) for
increasing the ability of gene therapy vectors to transduce a broad range
of human cell types
Under a separate agreement also signed today, Chiron has made an equity
investment in Oxford BioMedica subscribing for a total of 316,026 ordinary
shares of 1p each at 17.23 pence per share.
Commenting on these agreements the Company's Senior Vice President for
Commercial Development, Peter Nolan, said: 'We are delighted to have concluded
this agreement with Chiron and welcome them as shareholders in the Company.
Securing this intellectual property will enhance our competitive position in
gene therapy and in the use of our technology in drug discovery.'
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