Oxford BioMedica CEO To Hire More People, Expects More Deals Following Gene Therapy Pact With Axovant

 
• By Sten Stovall
  
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Britain's Oxford BioMedica has signed a $842m deal with US-based Axovant Sciences to commercialize its next generation gene therapy for Parkinson's disease.

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Duo Aim To Develop And Commercialize OXB-102 Using Oxford BioMedica's LentiVector Platform • Source: Shutterstock

Oxford BioMedica PLC's CEO says the $842m deal signed with US-based Axovant Sciences Ltd. to commercialize its next generation gene therapy for Parkinson’s disease was an important sign to players and investors that his British biotech can progress its own proprietary products while also forming partnerships, and that further new deals are likely to be announced in coming months.

Underscoring that optimism of growing business is Oxford BioMedica's plan to expand its workforce over the next 18 months in...

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