Update: Optim sale, Affimers on track
Avacta’s disposal of its Optim protein analytical device streamlines the company, emphasising the focus on Affimers. It is advancing its strategy and recently signed three commercial agreements, which could lead to Affimers being used to replace antibodies in the estimated $1bn research antibodies market and significantly raises the profile of the products. We reduce our DCF valuation from £54m to £51m as a result of the disposal.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.
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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