Report

Update: Affimers; off to a flying start

Avacta targets unmet needs within the $1bn research reagents market and has made excellent progress setting up new strategic partnerships in H115 while building pipeline and order book. Avacta Life Sciences (ALS) is also building pre-clinical data showing that Affimers have the features required of therapeutic scaffold proteins and to differentiate them from antibodies. We hold our valuation at £51m and we note that milestones from any future therapeutic licenses could provide significant upside.
Underlying
Avacta Group

Avacta Group is a biotechnology company that is developing biotherapeutics and reagents based on its proprietary Affimer technology, an engineered alternative to antibodies. Affimer® reagents and therapeutics are a class of non-antibody binding proteins that have been engineered for a range of applications where antibodies and aptamers have limitations. Co. has two operating segments: Life Sciences, which provides custom Affimers for reagents and diagnostics, drug and biomarker discovery in biotech research and development; and Animal Health, which provides tools and contract services to assist diagnosis of conditions in animals to enable treatment for veterinarians.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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