Avacta Group PLC Covance to Present Affimer Data at Conference
November 15 2017 - 2:01AM
RNS Non-Regulatory
TIDMAVCT
Avacta Group PLC
15 November 2017
15 November 2017
Avacta Group plc
("Avacta", "the Group" or "the Company")
Covance to Present Affimer Data at European Conference
Avacta Group plc (AIM: AVCT), the developer of Affimer(R)
biotherapeutics and reagents, is pleased to announce that Covance
will be presenting Affimer data from a joint study at the European
Bioanalysis Forum 15-17 November 2017 in Barcelona.
Covance will be presenting data that highlights the validation
of Affimer as a critical reagent in clinical assays when good
batch-to-batch stability and reproducible performance are a
regulatory requirement.
The work carried out collaboratively between Avacta and Covance
shows that an Affimer assay to detect and quantify the breast
cancer drug Trastuzumab shows good sensitivity and increased assay
dynamic range compared to current existing antibody based
assays.
The study demonstrates that Affimer reagents have the potential
to be used as alternatives to antibodies and natural ligands as
critical reagents in regulated assays in the development and batch
release of therapeutic antibodies.
Dr Alastair Smith, Avacta Group Chief Executive Officer,
commented:
"Presentation of Affimer data by our partners is strong,
independent validation of the technical performance of Affimer
reagents and is important to our commercialisation of the
technology. The Group is delighted that the results of this work
will be presented at this important European conference by Covance,
a global contract research organization that that has worked on all
of the top 50 best-selling drugs available today.
Reagents such as antibodies or ligand proteins, currently used
in regulated bioanalysis of therapeutic proteins have their
limitations. Cost and batch-to-batch variability is a serious and
costly issue in critical assays. The work with Covance shows that
Affimers can provide a rapid solution in such assays and
additionally benefit from stability of supply.
We are now working to capitalise on the commercial opportunity
that this presents and I look forward to updating the market on
progress in due course."
For further information from Avacta Group plc, please
contact:
Avacta Group plc Tel: +44 (0)
Alastair Smith, Chief Executive 844 414 0452
Officer www.avacta.com
Tony Gardiner, Chief Financial
Officer
finnCap Ltd Tel: +44 (0)
Geoff Nash / Giles Rolls - Nominated 207 220 0500
Adviser www.finncap.com
Tim Redfern / Alice Lane / Nikita
Jain - Corporate Broking
Tel: +44 (0)
WG Partners 203 705 9318
Nigel Birks / Nigel Barnes Tel: +44 (0)
David Wilson / Claes Spang 203 705 9217
www.wgpartners.co.uk
Zyme Communications (Trade and Tel: +44 (0)7787
Regional Media) 502 947
Katie Odgaard katie.odgaard@zymecommunications.com
Yellow Jersey PR (Financial Media Tel: +44 (0)7764
and IR) 947137
Sarah Hollins avacta@yellowjerseypr.com
About Avacta Group plc (www.avacta.com)
Avacta's principal focus is on its proprietary Affimer(R)
technology which is a novel engineered alternative to antibodies
that has wide application in Life Sciences for diagnostics,
therapeutics and general research and development.
Antibodies dominate markets worth in excess of $100bn despite
their shortcomings. Affimer technology has been designed to address
many of these negative performance issues, principally; the time
taken to generate new antibodies, the reliance on an animal's
immune response, poor specificity in many cases, and batch to batch
variability. Affimer technology is based on a small protein that
can be quickly generated to bind with high specificity and affinity
to a wide range of protein targets.
Avacta has a pre-clinical biotech development programme with an
in-house focus on immuno-oncology and bleeding disorders as well as
partnered development programmes. Avacta is commercialising
non-therapeutic Affimer reagents through licensing to developers of
life sciences research tools and diagnostics.
To register for news alerts by email go to
www.avacta.com/investor-news-email-alerts
About Covance
Covance Inc., a global contract research organization (CRO), is
the world's most comprehensive drug development company. Covance is
dedicated to advancing healthcare and delivering Solutions Made
Real(R) by providing high-quality nonclinical, preclinical,
clinical and commercialization services to pharmaceutical and
biotechnology companies to help reduce the time and costs
associated with drug development.
Covance also offers laboratory testing services to the chemical,
agrochemical and food industries and are a market leader in
toxicology services, central laboratory services, discovery
services and a top global provider of Phase III clinical trial
management services.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAUSOVRBNAAAAA
(END) Dow Jones Newswires
November 15, 2017 02:01 ET (07:01 GMT)
Avacta (LSE:AVCT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Avacta (LSE:AVCT)
Historical Stock Chart
From Apr 2023 to Apr 2024