Scancell Holdings (SCLP)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 9.60p
   
  • Change Today:
      0.000p
  • 52 Week High: 17.00
  • 52 Week Low: 8.15
  • Currency: UK Pounds
  • Shares Issued: 927.98m
  • Volume: 148,854
  • Market Cap: £89.09m

Scancell upbeat on publication of AvidiMab research

By Josh White

Date: Friday 12 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Cancer immunotherapy developer Scancell Holdings noted the publication of its manuscript in Cancer Research, a journal of the American Association of Cancer Research (AACR) on Friday, titled 'Engineering the human Fc-region enables direct cell killing by cancer glycan-targeting antibodies without the need for immune effector cells or complement'.
The AIM-traded firm said the paper described how its 'AvidiMab' modifications to the constant region (Fc) of any antibody could improve avidity, or strength of interaction, between the antibody and its target antigen, thus improving the antibody's potential therapeutic properties.

It said that same modification also demonstrated that Scancell's own tumour-associated glycan (TaG) antibodies could directly kill tumour cells.

In recent years, antibodies had become the best-selling drugs in the pharmaceutical market, and were approved for treating various human diseases, including many cancers, autoimmune, metabolic and infectious diseases.

The global therapeutic monoclonal antibody market was estimated to be worth $150bn (£118.84bn) in 2019, and predicted to grow to $300bn by 2025.

Its board said the ability to increase the potential therapeutic properties of any antibody would thus be seen as highly advantageous.

Scancell said it had used its AvidiMab technology to increase the avidity of its TaG antibodies, with those currently being evaluated for the treatment of cancer.

They were also being developed as antibody-drug conjugates (ADC).

"Our AvidiMab technology increases the avidity of human antibodies by promoting non-covalent Fc-Fc interactions," said chief scientific officer Lindy Durrant.

"This modification also causes direct killing of cancer cells by our glycan targeting antibodies, and therefore we believe this technology has the ability to create superior candidates for cancer immunotherapy."

At 1243 BST, shares in Scancell Holdings were up 1.67% at 6.1p.

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SCLP Market Data

Currency UK Pounds
Share Price 9.60p
Change Today 0.000p
% Change 0.00 %
52 Week High 17.00
52 Week Low 8.15
Volume 148,854
Shares Issued 927.98m
Market Cap £89.09m

SCLP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
65.44% below the market average65.44% below the market average65.44% below the market average65.44% below the market average65.44% below the market average
7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 2
buy
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SCLP Dividends

No dividends found

Trades for 26-Apr-2024

Time Volume / Share Price
14:45 124,469 @ 9.45p
12:56 1,000 @ 9.40p
12:48 750 @ 9.50p
12:40 21,000 @ 9.50p
12:19 100 @ 9.50p

SCLP Key Personnel

CEO Lindy Durrant
CFO Sath Nirmalananthan

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