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RBC maintains 'outperform' on Oxford BioMedica despite trial halts by Novartis and BMS

Market News
04 Sep 2026
Proactive Investors
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RBC maintains 'outperform' on Oxford BioMedica despite trial halts by Novartis and BMS

RBC Capital Markets reaffirmed its 'outperform' rating on Oxford BioMedica, despite clinical trial pauses by partners Novartis and BMS. The broker views the trial halts as having limited financial impact, with only £10-16 million in annual clinical revenue at risk. Oxford BioMedica's manufacturing slots are secured through 2026, pushing any disruption to new bookings into late 2027. The company also benefits from a diverse pipeline and positive data from partners, supporting its long-term outlook amid some risks in autoimmune CAR-T treatments.

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