Avacta
Wetherby, United Kingdom

Avacta is a UK-based biopharmaceutical company developing novel cancer immunotherapeutics and high performing diagnostics, based on its two proprietary platforms: Affimer and pre|CISION.

www.avacta.com

Investment Perspective

Avacta employs its two proprietary platforms, Affimer and pre|CISION, to create novel diagnostic and therapeutic products. The COVID-19 pandemic thrust its ability to develop an Affimer-based LFT (lateral flow test) diagnostic into the spotlight, even though we believe greater long-term value lies within Therapeutics applications. While the COVID-19 opportunity didn’t pan out as many investors expected, it did showcase Avacta’s diagnostics capabilities and Affimers’ potential. Lead therapeutic asset AVA6000 is progressing through Phase I and should confirm the clinical utility of pre|CISION. A wider portfolio of products is being readied to exploit the platform’s tumour specific activation, which should result in greater potency and less toxicity. News flow over the next 18-24 months provides multiple value-inflection points. Our valuation is £557m, equivalent to 219p/share, from £710m, 280p/share previously.

Market information

SymbolPrimary exchanges
AVCTAIM London

Research

AVA6000 set for third dose escalation stage
Lighthouse | 30 Jun 2022
FY21 results: a year of frustrations and opportunities
Update | 06 Apr 2022
AffiDX LFT sales paused to improve Omicron detection
Lighthouse | 10 Jan 2022

Recent News

US Orphan Drug designation for AVA6000
05 Sep 2022
AVA6000 Phase I moves to fourth cohort
01 Sep 2022
AffyXell completes funding round
21 Jul 2022
LG Chem licence renewal triggers payment
30 Jun 2022