logo
  

Oxford Biomedica, AstraZeneca Extend COVID-19 Vaccine Manufacturing Partnership

Oxford Biomedica plc (OXB.L) said that it has signed a new three year master services & development agreement with AstraZeneca UK Ltd which would facilitate potential future manufacturing opportunities for the AstraZeneca COVID-19 vaccine.

The new agreement represents an expansion of the original agreement announced between the two companies in September 2020.

As part of the original commitment, Oxford Biomedica expects to complete the manufacture of COVID-19 vaccines at its Oxbox facility in the last quarter of 2022.

As per the terms of the original agreement and inclusive of revenues for batches already manufactured in the first half of 2022, Oxford Biomedica expects to recognise aggregate revenues of about 30 million pounds from AstraZeneca in the current financial year.

Under the new agreement, manufacturing of vaccines at Oxford Biomedica's 84,000 sq. ft manufacturing facility, Oxbox, will be available to AstraZeneca on an as needed basis beyond 2022.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Omnichannel retailer Macy's, Inc. announced Monday plans to hire colleagues for more than 41,000 full- and part-time seasonal positions for the upcoming holiday season. The colleagues will be positioned at its Macy's, Bloomingdale's and Bluemercury stores, supply chain locations and call centers. Seffner, Florida -based Canyon Furniture Co. is recalling ladders sold with bunk bed and hutch sets citing entrapment and strangulation risks, the U.S. Consumer Product Safety Commission said. The about 2,100 units of Canyon Lake and Cottage Colors Bunk Bed and Hutch Sets were sold exclusively at Rooms To Go. Lyft announced the expansion to its partnership with Indeed in Jobs Access program. The ride-hailing company will be providing transportation access for Indeed's Ready to Work program. Indeed's Ready to Work program is a series of free virtual and in-person events for job seekers in several cities across the U.S. from September 15 to October 8, 2022.
RELATED NEWS
Follow RTT