STOCKS NEWS UK SMALL-Oxford BioMedica up after cancer data

STOCKS NEWS Reuters Results diary

Europe [STXNEWS/EU] Real-time Equity News [E] [GB/EQUITY]

UK [STXNEWS/UK] Stocks on the move [HOT-RTRS]

UK smallcaps [STX/UKSC]

11:33GMT 01Jun2009-Oxford BioMedica up after cancer data

--------------------------------------------------------

Shares in gene therapy specialist Oxford BioMedica (OXB.L) rise 5 percent after the company releases data for its TroVax cancer vaccine in colorectal cancer and renal cancer at the American Society of Clinical Oncology meeting in Orlando, Florida.

"The data supports the idea that the immune response induced by TroVax provides potential clinical benefit, contrary to market perception," says Ian Wainwright, managing director life sciences specialist sales at brokerage Canaccord Adams.

The company saw its share value cut by three quarters last year after TroVax failed to meet its main goal in a final stage clinical trial. [ID:nL11713523]

It said in April that development partner Sanofi-Aventis (SASY.PA) had decided to hand back the rights for TroVax.

To see Oxford BioMedica's statement click on [ID:nRnsA0879T]

Reuters messaging rm://ben.deighton.thomsonreuters.com@reuters.net

11:17GMT 01Jun2009-UK Small caps gain 1 percent midday

------------------------------------------------------