Avacta Group (AVCT)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

45.50p
   
  • Change Today:
    -1.00p
  • 52 Week High: 159.60
  • 52 Week Low: 44.50
  • Currency: UK Pounds
  • Shares Issued: 359.04m
  • Volume: 4,092,357
  • Market Cap: £163.36m
  • RiskGrade: 461

Avacta completes fifth dose escalation in chemotherapy trial

By Josh White

Date: Wednesday 21 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Life sciences company Avacta announced the successful completion of the fifth dose escalation cohort in the phase 1 clinical trial for AVA6000 on Wednesday.
The AIM-traded firm said the trial was aiming to evaluate the safety and tolerability of AVA6000 - a targeted chemotherapy drug it had developed.

It said the fifth cohort in the trial received a dose of AVA6000 around 2.25 times higher than the standard dose of doxorubicin.

Despite the increased dosage, the patients demonstrated good tolerance, with a marked reduction in the incidence and severity of the side effects commonly associated with standard doxorubicin chemotherapy.

Notably, several patients from the fifth cohort and earlier cohorts were continuing to receive treatment, as their disease had not progressed.

"The continued positive safety profile of AVA6000 at these dose levels compared with standard doxorubicin is remarkable," said chief executive officer Dr Alastair Smith.

"We are seeing a significant reduction in the incidence and severity of all doxorubicin side effects.

"Analysis of the tumour biopsies to date also confirms that enough doxorubicin is being released in the tumour to have a therapeutic effect."

Dr Smith said that if even higher doses of AVA6000 were tolerated, it could make a significant difference to the outcomes for patients in the upcoming efficacy study.

"We are keen to progress onto the phase 1b efficacy study as soon as possible following completion of the dose finding phase 1a study.

"The dose expansion Phase 1b study will provide an initial evaluation of efficacy and of the relative improvement in patient outcomes and quality of life of different dosing regimens of AVA6000 compared with the standard doxorubicin regimen."

At 1332 BST, shares in Avacta Group were up 7.99% at 113.93p.

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 45.50p
Change Today -1.00p
% Change -2.15 %
52 Week High 159.60
52 Week Low 44.50
Volume 4,092,357
Shares Issued 359.04m
Market Cap £163.36m
RiskGrade 461

Avacta Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.56% below the market average34.56% below the market average34.56% below the market average34.56% below the market average34.56% below the market average
49.02% below the sector average49.02% below the sector average49.02% below the sector average49.02% below the sector average49.02% below the sector average
Price Trend
85.02% below the market average85.02% below the market average85.02% below the market average85.02% below the market average85.02% below the market average
56.36% below the sector average56.36% below the sector average56.36% below the sector average56.36% below the sector average56.36% below the sector average
Income Not Available
Growth
61.76% above the market average61.76% above the market average61.76% above the market average61.76% above the market average61.76% 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 03-May-2024

Time Volume / Share Price
16:40 950,000 @ 45.12p
16:36 100,000 @ 45.50p
16:35 87,967 @ 45.50p
16:35 38,511 @ 45.50p
16:35 11,489 @ 45.50p

Avacta Group Key Personnel

CFO Tony Peter Gardiner
CEO Christina Coughlin

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