AVA6000 set for third dose escalation stage
Lighthouse | 30 June 2022
Trinity Delta view: Continuing progress of AVA6000 is an important value driver for Avacta with this programme representing the largest single element of our rNPV model. A successful proof-of-concept would result in a material uplift in our AVA6000 valuation. Importantly, this would also provide validation to the broader pre|CISION platform, leading to a wider appreciation of its potential utility. Our current Avacta valuation is £557m (equivalent to 219.1p per share), with AVA6000 valued at £51.9m (or 20.4p per share), and the remaining pre|CISION platform comprising £261.2m (or 102.7p per share). News flow over the next 18-24 months should also provide multiple value-inflection points.
30 June 2022
Avacta owns two novel technology platforms: Affimer and pre|CISION. Affimer proteins are antibody mimetics being developed as diagnostic reagents and oncology therapeutics. pre|CISION improves potency and reduces toxicity of cancer drugs by only activating them inside the tumour. Successful clinical trials would be transformative for Avacta.
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