Oxford Biodynamics to launch Covid-19 severity test into US market

Published by

Nicky Godding

Biotech company Oxford BioDynamics Plc, has announced its final results for the year ended 30 September 2020. Revenues dropped to £0.5 million (down from £0.9 million the previous year), and operating losses grew to £5 million from £3.7 million in 2019.

However, the company developed a Covid-19 severity test in under six months and Oxford BioDynamics is launching this, its first proprietary test, into the US market this year.

Jon Burrows, who was appointed as Chief Executive Officer of Oxford BioDynamics last March, said: "2020 was a year of transition and development for Oxford BioDynamics. We have focused on readying the company for the near-term commercialisation of its 3D genomics technology platform, EpiSwitch™.

"As we announced during the year, our R&D project revenues were affected by the COVID-19 pandemic, but we were pleased to continue working with several partners throughout the year and to plan for the expansion of our strategic focus, which we announced in December.

"We developed a pipeline of molecular diagnostic tests developed using our EpiSwitch™ technology platform, ready to be deployed behind it. We look forward to sharing more progress over the rest of the year."

Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe. After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts. She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.