Oxford BioDynamics PLC OBD enters into master service agreement (5578X)

TIDMOBD

RNS Number : 5578X

Oxford BioDynamics PLC

20 December 2019

20 December 2019

Oxford BioDynamics Plc

("OBD" or the "Company" and, together with its subsidiaries, the "Group")

Oxford BioDynamics enters into master service agreement with world leading US pharmaceutical company to evaluate EpiSwitch(TM) biomarkers

Oxford BioDynamics Plc (AIM: OBD), a biotechnology company focused on the discovery and development of biomarkers, based on regulatory 3D genome architecture, for use within the pharmaceutical and biotechnology industry, is pleased to announce that it has entered into a master service agreement for the development of predictive EpiSwitch(TM) biomarkers with a top US pharmaceutical company.

This agreement builds on OBD's proven ability to develop predictive biomarkers for response in immuno-oncology, as presented at The Society for Immunotherapy of Cancer's (SITC) 34th Annual Meeting in November this year.

Under the terms of the master service agreement, the US pharmaceutical company will be granted access to OBD's unique EpiSwitch(TM) technology for use in the development of predictive biomarkers. Details of the agreement and financial terms are not disclosed.

Christian Hoyer Millar, Chief Executive Officer of Oxford BioDynamics, said:

"We are delighted to have entered into this new agreement with a major US pharmaceutical company, built on the success of our prior predictive biomarker development and validation. We are pleased to be delivering robust biomarkers of high value to our clients, as part of our commercial presence in the US, and are excited to further demonstrate the value of EpiSwitch(TM) patient stratification, with all the potential it holds for drug development and personalized patient care."

-ENDS-

For further details please contact:

 
 Oxford BioDynamics Plc 
  Christian Hoyer Millar, 
  CEO 
  Paul Stockdale, CFO              [phone] 
 Shore Capital 
  Nominated Adviser and Broker 
  Stephane Auton 
  Edward Mansfield 
  John More                       [phone] 
 
 FTI Consulting 
  Financial Public Relations 
  Adviser 
  Natalie Garland-Collins 
  Mary Whittow 
  Alex Shaw                       [phone] 
 

Notes for Editors

About Oxford BioDynamics Plc

Oxford BioDynamics Plc (AIM: OBD) ("Oxford BioDynamics") is a biotechnology company focused on the discovery and development of epigenetic biomarkers for use within the pharmaceutical and biotechnology industry.

The Company's award-winning, proprietary technology platform, EpiSwitch(TM), aims to accelerate the drug discovery and development process, improve the success rate of therapeutic product development and take advantage of the increasing importance of personalised medicine.

In particular, EpiSwitch(TM) can reduce time to market, failure rates and the costs at every stage of drug discovery. Additionally, the technology provides significant insights into disease mechanisms for drug discovery and product re--positioning programmes and enables the personalisation of therapeutics for patients in the context of challenging pricing environments where improved clinical outcomes are critical.

Oxford BioDynamics is headquartered in the UK, and listed on the London Stock Exchange's AIM under the ticker "OBD". For more information please visit www.oxfordbiodynamics.com.

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December 20, 2019 02:00 ET (07:00 GMT)