Oxford BioMedica and Sanofi-Aventis Enter New Collaboration
Oxford, UK – 29 April 2009: Oxford BioMedica (LSE: OXB) announced today that it has entered into a new collaboration with sanofi-aventis to develop novel gene-based medicines, utilising the Company’s LentiVector® gene delivery technology, for the treatment of ocular diseases. Oxford BioMedica will receive an upfront payment of US$26 million (£18 million) and committed funding of up to a further US$24 million (£16 million) over three years. In addition, sanofi-aventis has an exclusive option for a worldwide licence to develop and commercialise four ocular products.
