The intellectual property group has increased its share in Avacta to just under 25%. The recent agreement with Moderna of America gives a tremendous boost to Avacta. Moderna is the fastest growing Bio Tech company in America with a superlative reputation.Be happy
The latest release from Chris Miller contains some interesting testimonials about Affimers and although most of it goes straight over my head there does seem to be an indication that this technology is gathering momentum pretty quickly.
Yes, the placement has been allocated which is great news and long term the £22mil will accelerate the progress considerably, but that kind of dilution has never been particularly welcome. However, I shouldn't complain really as I am still shifting money about in ISAs etc so as to make the most of Avacta's inevitable rise. I am also into RENE in a big way, another very promising company.
I EXPECT THAT HENDERSON WILL SUBSCRIBE AS THEY ALREADY OWN 16.5% OF THE COMPANY. I WOULD NOT BE SURPRISED TO FIND WOODFORD BUYING. IT SUITS THEIR STATED OBJECTIVES OF INVESTING IN MEDICAL COMPANIES WITH GREAT PRODUCTS WHICH NEED EXTRA CASH TO MOVE THEM ON EXPONENTIALY.
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