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Prices & Quotes - UK Markets - Oxford Biomedica (OXB)

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Share Price:
Down 909.00p
Change Today:
-47.00p
Market Cap:
783.33m
Sector:
Pharmaceuticals & Biotechnology

Oxford Biomedica signs deal with UK-backed vaccine group

By Sean Farrell

Date: Monday 08 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Oxford Biomedica has signed a deal with a UK government-backed vaccine group to increase manufacturing capacity for AstraZeneca's Covid-19 vaccine.
The genetic research company has agreed a five-year deal with the Vaccines Manufacturing and Innovation Centre to provide equipment for its factory in Oxford. Oxford Biomedica said the equipment would allow it to increase manufacturing capacity at two sites at the complex from summer 2020 to meet demand for the experimental vaccine in the UK and Europe.

The sites could also be used for other vaccines and the agreement foresees a longer-term partnership between Oxford Biomedica and VMIC to deploy its manufacturing capability speedily to supply other viral vaccines when needed. VMIC was set up by the government to support the UK vaccine industry. The Covid-19 crisis found Britain short of manufacturing capacity for vaccines.

Oxford Biomedica shares, which have more than doubled since mid-March, rose 4.8% to 811.30p at 11:18 BST.

AstraZeneca said last week it was targeting more than 2bn doses of its vaccine, under development in partnership with Oxford University. If successful in trials the company hopes to start distributing the vaccine in September. AstraZeneca has been working with Oxford Biomedica since May on the vaccine.

John Dawson, chief executive of Oxford Biomedica, said: "Since we became involved in addressing the urgent need for UK manufacturing capacity for AstraZeneca's Covid-19 vaccine candidate AZD1222, we have strived to support VMIC's broader goal of accelerating and supporting UK manufacturing capacity and capabilities for vaccines more generally.

"This highly collaborative partnership allows for a rapid deployment capability to be established, and also accelerates fit out and utilisation of another two manufacturing suites within our new commercial manufacturing facility, Oxbox."



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OXB Market Data

Currency UK Pounds
Price 909.00p
Change Today -47.00p
52 Week High 1,634.00p
52 Week Low 905.00p
Volume 166,710
Shares Issued 86.18m
Market Cap 783.33m
Beta 0.03

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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 6
strong_buy
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OXB Dividends

No dividends found

Trades for 21-Jan-2022

Time Volume / Share Price
16:37 15,000 @ 911.95p
16:35 30,499 @ 909.00p
16:29 91 @ 916.00p
16:29 8 @ 916.00p
16:29 8 @ 913.00p

OXB Key Personnel

CEO John Dawson
CFO Stuart Paynter