Oxford Biomedica Says It’s in Talks Over Cash Offer From EQT

Staff work in a Oxford Biomedica laboratory in Oxford, UK.

Photographer: Steve Parsons/PA Images/Getty Images

Oxford Biomedica Plc said it’s in preliminary discussions with EQT over a possible cash offer from the Swedish investment firm.

The negotiations follow unsolicited proposals from EQT that were rejected by Oxford Biomedica’s board, the UK-listed provider of cell and gene therapy services said after the close of trading Wednesday.