H121 results highlight shift to delivery and execution
Lighthouse | 29 January 2021
Trinity Delta view: Scancell’s balance sheet was transformed during 2020, with the funds now in place to progress its three promising technology platforms. Management has ambitious plans to advance its leading programmes through the early clinical phases, and to develop the next wave of follow-on assets. Although the second generation COVIDITY vaccine is attracting the headlines, it is the potential of the ImmunoBody and Moditope oncology indications that underpin Scancell’s long term potential. The infrastructure to realise this is being put in place. Our valuation, based on conservative assumptions, is £144m, equivalent to 17.7p/share (14.6p fully diluted).
29 January 2021
|Primary exchange||AIM London|
Scancell is a clinical-stage immuno-oncology specialist that has three technology platforms. Two flexible therapeutic vaccine platforms are progressing through development. ImmunoBody and Moditope induce high avidity cytotoxic CD8 and CD4 responses, respectively, with the potential to treat various cancers.
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