As I understand it, Moderna can order Affimers from Avacta for specific purposes (targets) and once produced, Avacta cannot produce the same Affimers for anyone else but Moderna. I think that Moderne can then be granted a license to produce the specific Affimers itself and paying Avacta huge amounts of money for the privilege. I believe that "several tens of millions of dollars" was mentioned. What amazes me, is that other companies with less potential than Avacta have SPs of around £1.00 even though they are still in the testing stages, so I really think that after all this time ( in since 2009 ) the only way is up now. I hope his helps DD7 although If you want to be certain, email Dr. Alastair Smith, He's very helpful.
Avacta's Affimers are not the company's only revenue-generating asset, but they are the company's most exciting. Avacta also runs an Animal Health business that reported revenues of £0.73m for the six months to 31 January 2015.
But it's Avacta's Affimer business that's really set to generate growth over the next few years. Over the past twelve months, the businesses momentum has really started to build. A number of deals have been signed with other biotechs and Avacta has doubled the number of Affimer products it has on offer for sale.
Avacta is focused on providing Affimers to address gaps in the antibody. These gaps have been created by poor existing antibody performance. And the size of Avacta's potential market is huge.
It's believed that the global antibodies market was worth around $60bn during 2012. The market has been growing at a rate of around 15% per annum since and is expected to continue to grow at this rate until 2018.
So by 2018 Avacta could be trying to take on a $150bn market with its Affimer products. Even if the company manages to grab a 0.01% share of this market, group revenue could exceed $1.5bn.
Right now, Avacta is focused on the cancer-fighting death-ligand 1 (PD-L1) as its initial target of interest.
Management believes that this product, being tested by a number of international pharma groups, could be greatly improved by the use of Affimer products. Sales from this one treatment alone could top $35bn per annum at its peak.
I think this deal shows Affirmers have a bright future and I hope start to replace antibodies as the research tool of choice. Antibodies unreliable conduit for research but still dominate a market worth $50 billion. I like the comment tens of millions $ potential from this deal alone. And to think I was starting to loose the faith.
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