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BUZZ-Oxford BioMedica: shares jump 12 pct as U.S. approves gene therapy

Reuters - UK Focus

** Oxford BioMedica (LSE: OXB.L - news) shares up 12% as Novartis wins approval for pioneering leukaemia treatment, marking the first gene therapy approval in the United States

** UK company makes virus-based gene delivery system central to the Novartis (IOB: 0QLR.IL - news) therapy, which re-engineers a patient's immune cells to attack cancer

** Payments on back of new treatment seen putting Oxford Bio on path to sustainable profit, after 20 years of losses