Oxford Biomedica to acquire French CDMO ABL Europe
British cell and gene therapy firm Oxford Biomedica (LSE: OXB) has agreed terms with a subsidiary of Institut Mérieux for the acquisition of ABL Europe, for around $16 million.
A small European contract development and manufacturing organization (CDMO), ABL has specialist expertise in the development and manufacturing of solutions for biotechs and biopharma.
In buying the company, Oxford Biomedica is expanding its expertise in areas including viruses for gene therapy, oncolytic viruses and vaccine candidates.
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