Pharma Deals Review, Vol 2009, No 5 (2009)

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Oxford BioMedica Handed Back Trovax® and Secures Ocular Disease Deal

Taskin Ahmed

Abstract


Oxford BioMedica’s cancer vaccine was a victim of Sanofi-aventis’ portfolio review after the French pharma company handed back rights to Trovax® ten months after it failed in a late stage clinical trial. On the upside, demonstrating its confidence in the UK-based biotech, Sanofi pledged an additional £34 M (US$50 M) for gene-based treatments for eye disease. 



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