Drug developer Avacta, which is working on cures for lung, breast, gastric and bowel cancer, said it has taken an important step towards further “substantial” milestone payments from the drug development arm of Korean giant LG.
The Wetherby-based firm has extended its partnership with LG, which has nominated two more prospective treatments that will use Avacta’s technology.
Avacta Group Plc (LON:AVCT) offers reagents and therapeutics based on Affimer technology for diagnostic and research applications in the United Kingdom. The company’s custom Affimer products are also used in drugs and biomarkers discovery in biotech research and development.