Oxford BioMedica (OXB): Demanding second half

Hardman & Co Research
Hardman & Co Research: Oxford BioMedica (OXB): Demanding second half

16-Oct-2019 / 07:30 GMT/BST


Hardman & Co Research: Demanding second half

Oxford BioMedica (OXB) is a gene-based medicine viral-vector biopharma company. It offers vector manufacturing and development services, while developing proprietary therapies, with its LentiVector(R) platform. Growth in gross income and profitability were driven by new licensing deals in 2018. Despite steady growth in 1H'19 group sales (bioprocessing and commercial development), a reduction in licensing income resulted in a first-half operating loss; the absence of significant deals in 2019 has also dampened the shares. Although interim results were in line with our expectations, they highlight the importance of 2H'19 for a full-year profit.

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890525  16-Oct-2019 

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