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Avacta Group heading into 'crucial year' for its cancer therapeutics programmes

Proactive Research analyst Ed Stacey says Avacta (LON:AVCT) is preparing for a crucial year in its cancer therapeutics programmes in 2020, with an opportunity now identified for a targeted chemotherapy programme to enter clinical trials during the first half.

Stacey says alongside the recent release of their interim results, Avacta's announced a proposed equity placing of up to £9mln.

The biggest deployment of the new funds will be the AVA6000 pro-doxorubicin tumour-targeted chemotherapy programme developed via the Tufts collaboration.

Quick facts: Avacta Group PLC

Price: 22.25 GBX

AIM:AVCT
Market: AIM
Market Cap: £39.17 m
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