Avacta Group (AVCT)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

72.90p
   
  • Change Today:
      1.40p
  • 52 Week High: 159.60p
  • 52 Week Low: 39.75p
  • Currency: UK Pounds
  • Shares Issued: 359.04m
  • Volume: 1,730,930
  • Market Cap: £261.74m
  • RiskGrade: 461

Avacta to present tumour medicine data at cancer research meeting

By Josh White

Date: Monday 27 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Life science company Avacta Group announced on Monday that it will present a poster on its novel 'preCISION' medicine, 'AVA3996', at the American Association for Cancer Research (AACR) 2023 annual meeting in Florida on 16 April.
The AIM-traded firm described AVA3996 as a tumour microenvironment-activated proteasome inhibitor that uses its preCISION platform to improve the therapeutic index and utility of proteasome inhibitors in tumours with high 'FAP' levels, including both solid and haematological tumours.

It said the poster describes the data and preclinical rationale for the further development and disease positioning of AVA3996.

The preCISION platform allows for the selective activation of therapeutics in the tumour microenvironment, leading to improved efficacy and reduced toxicity.

Fibroblast activation protein-alpha (FAP-a) is a protein that is overexpressed in the tumour microenvironment, and was described by Avacta as an attractive target for cancer therapeutics.

AVA3996 was designed to be cleaved specifically by FAP-a, leading to the activation of the proteasome inhibitor and subsequent tumour cell death.

That targeted approach could lead to improved clinical outcomes for patients with high FAP levels.

"AVA3996 has the potential to deliver efficacious levels of the proteasome inhibitor warhead directly to the tumour microenvironment while reducing systemic exposure and hence associated toxicities, such as peripheral neuropathy," the company's board said in its statement.

At 1325 BST, shares in Avacta Group were up 6.21% at 120.55p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Avacta Group Market Data

Currency UK Pounds
Share Price 72.90p
Change Today 1.40p
% Change 1.96 %
52 Week High 159.60p
52 Week Low 39.75p
Volume 1,730,930
Shares Issued 359.04m
Market Cap £261.74m
RiskGrade 461

Avacta Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.63% below the market average34.63% below the market average34.63% below the market average34.63% below the market average34.63% below the market average
55.1% below the sector average55.1% below the sector average55.1% below the sector average55.1% below the sector average55.1% below the sector average
Price Trend
17.07% below the market average17.07% below the market average17.07% below the market average17.07% below the market average17.07% below the market average
30.61% above the sector average30.61% above the sector average30.61% above the sector average30.61% above the sector average30.61% above the sector average
Income Not Available
Growth
63.13% above the market average63.13% above the market average63.13% above the market average63.13% above the market average63.13% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 2
buy
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Avacta Group Dividends

No dividends found

Trades for 06-Sep-2024

Time Volume / Share Price
17:07 20,000 @ 72.90p
16:48 337,000 @ 72.87p
16:35 13,650 @ 72.90p
16:35 2,739 @ 72.90p
16:35 10,000 @ 72.90p

Avacta Group Key Personnel

CFO Tony Peter Gardiner
CEO Christina Coughlin

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