Avacta Group, the developer of innovative cancer therapies, has entered into a license agreement with Point Biopharma to provide access to Avacta’s technology for the development of tumour-activated radiopharmaceuticals.
Radiopharmaceutical therapy is now seen as a safe and effective approach for treating many types of cancer.
Wetherby-based Avacta said the radiopharmaceutical market is expected to grow to £11bn by 2025 and there is a substantial opportunity to grow much faster if safety and tolerability of these effective treatments can be improved.
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.