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Avacta expands agreement to develop treatments for cancer patients

vacta Group has announced the expansion of its existing collaboration and development agreement with LG Chem Life Sciences (LG Chem), the life sciences division of the South Korean LG Group, to include new programmes incorporating Avacta’s Affimer XTTM serum half-life extension system.

In December 2018, Avacta and LG Chem entered into a therapeutics development agreement to develop Affimer therapeutics in several disease areas potentially worth more than $300m to Avacta.

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.

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