Avacta Group - Exciting partnership with Bach BioSciences
Avacta Group Plc (LON:AVACT) has recently finalised a co-development partnership with Boston-based Bach BioSciences, to exploit the potential of the Affimer platform for the development of a novel class of drug conjugates.
Executive summary
Despite the favourable reaction to the announcement of the Bach Biosciences agreement (stock up 35%), Avacta’s market capitalisation is still much lower than biotech peers that have unique protein-based platforms and drug candidates in the clinical stage, where Avacta is on track to be by 2020.
Quick facts: Avacta Group PLC
Price: 139 GBX
Market: AIM
Market Cap: £346.33 m
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