UKRI awards funding for COVID-19 trial
Lighthouse | 27 August 2020
Trinity Delta view: The award of £2m to fund the COVIDITY Phase I study is welcome validation of the value of Scancell’s vaccine expertise. Whilst unlikely to be the first effective vaccine to market, its targeting of dendritic cells and ability to stimulate high avidity and potent T cell responses means it could provide a longer lasting and effective response through inducing both durable T cell responses and virus neutralising antibodies. The early nature of the project means that we do not include it in our current £83.7m valuation, equivalent to 13.3p/share (11.5p/share fully diluted), and so any success would represent additional upside.
27 August 2020
|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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