UK gene and cell therapy group Oxford Biomedica (LSE:OXB) and US genetic medicines company Homology Medicines (Nasdaq: FIXX) have agreed to establish a high-performing, full scope adeno-associated virus (AAV) manufacturing and innovation business in the USA.
As a result of the agreement, which is immediately accretive to the group’s revenue growth with contribution from Homology and future customer pipeline, Oxford Biomedica will establish a presence in the USA and will offer global pharma and biotech clients innovative manufacturing expertise in AAV and lentiviral-based cell and gene therapies.
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