Avacta Group (AVCT)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

46.50p
   
  • Change Today:
    -0.25p
  • 52 Week High: 159.60
  • 52 Week Low: 44.50
  • Currency: UK Pounds
  • Shares Issued: 359.04m
  • Volume: 2,722,374
  • Market Cap: £166.95m
  • RiskGrade: 461
  • Beta: 0.06

Avacta signs Covid sewage test deal with Integumen

By Josh White

Date: Monday 13 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Biotherapeutics company Avacta Group has entered into a collaboration with its AIM peer Integumen, it announced on Monday, to evaluate recently-generated Affimer reagents that bind the SARS-CoV-2 spike protein for the detection of the coronavirus in wastewater, to provide a real-time alert system to warn of localised Covid-19 outbreaks.

The firm said more than 60% of Covid-19 positive patients had gastrointestinal symptoms, such as diarrhoea, nausea and vomiting, with the SARS-CoV-2 virus found in their faecal samples.

Sampling wastewater from households could thus provide an early warning system for localised outbreaks in communities.

Recently, Avacta said it had generated a number of highly-specific Affimer reagents that detected the SARS-C0V-2 virus spike protein, for use in diagnostic tests and in neutralising therapies.

The board aid the collaboration with Integumen aimed to evaluate some of those Affimer reagents in "next-generation" sensors, based on the real-time bacteria detection and alert system developed by Rinocloud - a subsidiary of Integumen - with the aim of integrating those sensors into Modern Water's Microtox water contamination system to detect the coronavirus.

Avacta said the Microtox system, which can detect the presence of contaminating bacteria, virus and toxins, was distributed by the AIM-traded Modern Water, with more than 3,000 installations globally.

The proposed Affimer sensors would be consumable items, to be replaced on a roughly monthly basis.

Once initial testing of the Affimer reagents was completed in the coming weeks, validation of the sensors would be carried out using SARS-CoV-2 virus samples in a containment level 3 laboratory at the University of Aberdeen.

Upon successful completion of the evaluation, Integumen and Avacta would enter into a supply agreement to allow Integumen to manufacture and commercialise the waste water detection sensors globally, by retrofitting into Microtox systems.

"I am very pleased to be entering into this collaboration with Integumen, which holds substantial commercial potential for an Affimer-based consumable SARS-CoV-2 detector unit to retrofit into the globally-installed base of Microtox systems," said Avacta chief executive officer Dr Alastair Smith.

"Affimer reagents are ideal for applications such as this, not only because of their sensitivity and specificity, but also because of their robustness, which is essential when being deployed in real-world situations, such as real-time waste water analysis."

Dr Smith said that with the spread of Covid-19 continuing to accelerate globally, the collaboration had the potential to deliver a product that would play a crucial role in the early detection of Covid-19 hotspots around the world.

"I look forward to updating the market very soon on progress with Integumen and our other Covid-19 related programmes."

Gerard Brandon, CEO of Integumen and chairman of Modern Water, added that the companies were "delighted" to be collaborating with Avacta, adding their "highly specific and robust" Affimer reagents to its "real-time alert arsenal" of pathogen-capture devices for the Covid-19 virus in sewage.

"The global pandemic has highlighted waste water as a potential early warning hotspot detection opportunity and the inclusion of Affimer reagents adds an established method of capturing the virus to a widely used pathogen alert system."

At 0916 BST, shares in Avacta Group were down 2.01% at 117.1p, while those in Integumen were up 10.53% at 2.1p and Modern Water was ahead 16.05% at 2.15p.

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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 46.50p
Change Today -0.25p
% Change -0.53 %
52 Week High 159.60
52 Week Low 44.50
Volume 2,722,374
Shares Issued 359.04m
Market Cap £166.95m
Beta 0.06
RiskGrade 461

Avacta Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.39% below the market average34.39% below the market average34.39% below the market average34.39% below the market average34.39% below the market average
56.86% below the sector average56.86% below the sector average56.86% below the sector average56.86% below the sector average56.86% below the sector average
Price Trend
85.71% below the market average85.71% below the market average85.71% below the market average85.71% below the market average85.71% below the market average
52.73% below the sector average52.73% below the sector average52.73% below the sector average52.73% below the sector average52.73% below the sector average
Income Not Available
Growth
62.05% above the market average62.05% above the market average62.05% above the market average62.05% above the market average62.05% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 0
Sell 1
Strong Sell 0
Total 3
neutral
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Avacta Group Dividends

No dividends found

Trades for 02-May-2024

Time Volume / Share Price
17:07 5,000 @ 46.50p
16:56 100,000 @ 45.78p
16:52 325,000 @ 46.19p
16:38 100,000 @ 46.25p
16:29 5,120 @ 46.30p

Avacta Group Key Personnel

CFO Tony Peter Gardiner
CEO Christina Coughlin

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