Avacta Group (AVCT)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

48.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 159.60
  • 52 Week Low: 45.50
  • Currency: UK Pounds
  • Shares Issued: 350.51m
  • Volume: 2,975,500
  • Market Cap: £170.00m
  • RiskGrade: 461

Avacta gets ISO certification for Affirmer manufacture and distribution

By Josh White

Date: Wednesday 14 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Diagnostics and cancer therapies developer Avacta announced on Wednesday that its life sciences diagnostics division has achieved ISO 13485 certification on the quality management system for the manufacture and distribution of 'Affimer' reagents, for use in lateral flow, ELISA and immunodiagnostic in-vitro diagnostic devices.
The AIM-traded firm said the standard defined the requirements for quality management for a developer and legal manufacturer of diagnostic products and medical devices.

It said the certification, which would provide a "practical foundation" for Avacta to address the regulatory requirements and ensure the safety and quality of its products, followed the successfully-passed audit by BSI Group, its notified body, of its quality management system in April.

ISO 13485 certification meant that the CE-mark for the 'AffiDX' SARS-CoV-2 antigen lateral flow test for Covid-19 could be transferred to Avacta from its partner, Mologic, meaning the company would be the legal manufacturer of all future in-vitro diagnostic products.

"We are delighted that Avacta's diagnostics division has achieved ISO 13485 certification," said chief executive officer Dr Alastair Smith.

"The team have delivered excellent systems, processes and practices that now make up our quality framework, supporting the future growth and commercial success of the company."

Dr Smith said ISO 13485 certification was recognised globally by Avacta's partners, customers and regulatory bodies as the medical device industry "benchmark" for quality.

"This certification marks a major milestone for Avacta and underpins the product development strategy for the future of our diagnostics division."

At 0844 BST, shares in Avacta Group were up 3.32% at 140p.

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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 48.50p
Change Today 0.50p
% Change 1.04 %
52 Week High 159.60
52 Week Low 45.50
Volume 2,975,500
Shares Issued 350.51m
Market Cap £170.00m
RiskGrade 461

Avacta Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.01% below the market average35.01% below the market average35.01% below the market average35.01% below the market average35.01% below the market average
50.94% below the sector average50.94% below the sector average50.94% below the sector average50.94% below the sector average50.94% below the sector average
Price Trend
86.7% below the market average86.7% below the market average86.7% below the market average86.7% below the market average86.7% below the market average
50.88% below the sector average50.88% below the sector average50.88% below the sector average50.88% below the sector average50.88% below the sector average
Income Not Available
Growth
58.30% above the market average58.30% above the market average58.30% above the market average58.30% above the market average58.30% above the market average
83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 0
Sell 1
Strong Sell 0
Total 3
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Avacta Group Dividends

No dividends found

Trades for 19-Apr-2024

Time Volume / Share Price
16:35 250 @ 48.50p
16:35 187 @ 48.50p
16:35 7 @ 48.50p
16:35 56 @ 48.50p
16:29 3,000 @ 47.40p

Avacta Group Key Personnel

CEO Alastair Smith
CFO Tony Peter Gardiner

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