Third collaboration for AvidiMab platform
Lighthouse | 20 January 2020
Trinity Delta view: The AvidiMab technology and associated anti-TaG antibodies are clearly becoming a valuable addition to Scancell’s key existing technology platforms, ImmunoBody and Moditope. Whilst these remain the company’s main assets and have considerable clinical and commercial potential, we see AvidiMab bringing additional near-term value. Initially this may take the form of non-dilutive funding for the ImmunoBody and Moditope clinical programmes; however, successful preclinical evaluations could transform these currently non-exclusive agreements into more meaningful partnerships.
For the time being, and in line with our conservative stance, we have not included AvidiMab in our DCF-based model and maintain our valuation at £82.0m or 17.2p/share.
20 January 2020
|Primary exchange||AIM London|
Scancell is a clinical-stage immuno-oncology specialist that is developing two innovative and flexible therapeutic vaccine platforms. ImmunoBody and Moditope induce high avidity cytotoxic CD8 and CD4 responses, respectively, with the potential to treat various cancers.
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