Business
Investment into OXGENE
Investment into OXGENE.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n \n \n RNS Number : 0341M\n Mercia Asset Management PLC\n 06 May 2020\n \n \n \n \n RNS Reach 6 May 2020\n \n \n \n \n \n Mercia Asset Management PLC\n \n \n \n \n \n (\"Mercia\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n Mercia invests £1.0million as part of a £3.0million syndicated investment into OXGENE\n \n ™\n \n \n \n Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager, is pleased to announce that it has completed a £1.0million investment into OXGENE™ (\"OXGENE™\" is the trading name of Oxford Genetics Limited) as part of a £3.0million funding commitment, alongside Canaccord Genuity Wealth Management.\n \n \n OXGENE™ \n combines precision engineering, biology, robotics and bioinformatics to accelerate the design, discovery and manufacture of new biologics. Working across the fields of gene therapy, gene editing and antibody therapeutics, \n OXGENE™\n has worked with global partners including Abcam plc for the delivery of over 1,000 CRISPR engineered cell lines, Artios Pharma, who are developing breakthrough cancer treatments, and The Native Antigen Company (also a Mercia direct investment) to accelerate the production of COVID-19 antigens.\n \n \n \n \n \n In addition, \n OXGENE™ \n has signed eight separate licence agreements providing access to its technology and recently announced a strategic partnership with FUJIFILM Diosynth Biotechnologies, a world leading cGMP contract development and manufacturing organisation, to support its partners in the development and production of biologics, vaccines and gene therapies.\n \n The synthetic biology market in which OXGENE™ operates is estimated to grow from US$5.3billion in 2019 to US$18.9billion by 2024. (Source: BCC Research)\n \n \n \n \n Jo Bath, Chief Operations Officer of OXGENE\n ™\n , said:\n \n \n \n \"Over the course of this financial year, OXGENE™ has once again more than doubled its revenue, with less than a 50% increase in headcount. This is testament not only to the hard work and effective management of our team, but also to the strength of our automation platform, and our focused approach to business and technology development.\n \n Mercia has continued to support and encourage us through this year of growth and transition.&...