Hardman & Co Research: Avacta (AVCT): A second wake-up call for the market
Avacta (AVCT) is a pre-clinical stage biotechnology company and the proprietary owner of Affimer technology. Affimers represent a radical alternative to the established antibody technology. The significant technical and commercial benefits of Affimers are being increasingly recognised, evidenced by corporate and academic interests, ongoing evaluations and deal flow. AVCT has just announced that, following a review period, Moderna has exercised its option to enter into an exclusive licensing agreement to further develop certain Affimer therapeutics for undisclosed targets. This is the second licensing deal with a major pharma player in the past few months.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.
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