Mercia announces significant contract for OXGENE

LONDON: Mercia Asset Management, the proactive, regionally focused specialist asset manager, confirmed that its portfolio company OXGENE, formally known as Oxford Genetics, has augmented its relationship with one of the world’s leading global life science companies, Abcam plc.

This expanded agreement, which follows an earlier deal announced in August 2018, will see OXGENE deliver at least 1,000 engineered cell lines over the next three years to support Abcam in its delivery of highly validated biological binders and assays, and to expand its catalogue of off-the-shelf edited cell lines.

OXGENE’s high throughput gene editing platform integrates bioinformatics and automation for fast, efficient gene editing using CRISPR technology. Platform automation eliminates human error and improves reproducibly, while the rapid generation of custom cell lines brings scale and quality to gene editing projects.

Cheri Walker, SVP of Corporate Development at Abcam plc said, ”We have enjoyed great service from OXGENE and this expanded agreement complements our recent acquisition of the largest portfolio of diploid knock-out cells. We are excited about working with OXGENE to further realise our commitment to provide the best quality antibodies in the market using knock-out validation, in addition to expanding our edited cell line product portfolio.”

Ryan Cawood, CEO at OXGENE said, “I’m particularly proud of our CRISPR based Gene Editing platform.  We have proven our ability to take complex processes and deliver innovative and effective solutions.  Technology-enabled scientific innovation is at the heart of what we do at OXGENE and it is a great achievement to have Abcam endorse what we have built thus far.”

Dr Mark Payton, CEO of Mercia Asset Management PLC and non-executive director of OXGENE said, “OXGENE epitomises a truly disruptive approach and is building an impressive reputation with numerous commercial partnerships such as the one with Abcam. We have backed the company since the very start and are delighted to be involved in their journey as they continue to grow their position in the global multi-billion-dollar life sciences market.”

Edited by Nayyar Iqbal

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