Oxford Biomedica (OXB)

Down
Share Price:
487.00p
Market Cap:
£589.49m
Change Today:
-0.50p
Sector:
Pharma and Biotech

Oxford Biomedica raises £60m to bolster US capacity

By Benjamin Chiou

Date: Friday 15 Aug 2025

LONDON (ShareCast) - (Sharecast News) - Oxford Biomedica has raised £60m via a share placing and subcription to expand its US operations, the gene and cell therapy company announced on Friday.
A total of 12.21m shares were placed at a price of 431p each, slightly below Thursday's closing price of 439.50p, while certain existing shareholders subscribed for 1.71m shares.

In total, the placing and subscription represented 13.1% of the issued share capital of the company.

OXB said the net proceeds from the fundraising would go towards expanding its US commercial-scale capacity and advancing process quality, productivity and yields.

"This will allow the Company to address growing client demand including visible near and medium-term opportunities across all clinical phases, including late-stage and commercial supply," OXB said.

Shares were up 1.9% at 447.83p by 0919 BST.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

OXB Market Data

Currency UK Pounds
Price 487.00p
Change Today -0.50p
52 Week High 913.00p
52 Week Low 439.50p
Volume 407,393
Shares Issued 121.04m
Market Cap £589.49m

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