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Avacta Group - Exciting partnership with Bach BioSciences

Avacta Group Plc (LON:AVACT) has recently finalised a co-development partnership with Boston-based Bach BioSciences, to exploit the potential of the Affimer platform for the development of a novel class of drug conjugates.

Executive summary

Despite the favourable reaction to the announcement of the Bach Biosciences agreement (stock up 35%), Avacta’s market capitalisation is still much lower than biotech peers  that have unique protein-based platforms and drug candidates in the clinical stage, where Avacta is on track to be by 2020.

Quick facts: Avacta Group PLC

Price: 16.5 GBX

AIM:AVCT
Market: AIM
Market Cap: £29.03 m
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Avacta Group heading into 'crucial year' for its cancer therapeutics programmes

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on 23/10/19

6 min read