Avacta Group plc (LON:AVCT) CEO Alastair Smith joins DirectorsTalk to discuss its partnership with Mologic. Alastair talks us through the details of the agreement, expands on the additional manufacturing capacity, explains how it will develop develop other diagnostic tests including a second generation COVID test and tells us when we can expect an update in respect of the clinical evaluation of the lateral flow test.
Avacta Group is developing novel cancer immunotherapies combining its two proprietary platforms – Affimer® biotherapeutics and pre|CISIONTM tumour targeted chemotherapy. With this approach, the Company aims to address the lack of a durable response to current immunotherapies experienced by most patients. The Company’s therapeutics development activities are based in Cambridge, UK.
The Company benefits from near-term revenues generated from Affimer reagents for diagnostics, bioprocessing and research, through a separate business unit based in Wetherby, UK.