RE: RNS30 Sep 2024 10:38
Avacta cash position after paying Oct CLN in cash will be around 18m which will provide avacta with a 9m cash runway roughly. Throw in the sale of Dx for 15m conservatively and their is easy enough to see avacta through to end p1b, a LD, NASDAQ listing or a TO so I'm not concerned at all about cash.
Company are focusing more on next generation pipeline and I think that's because 1st gen is in the bag. POC/MOA proven and dox will be dox. Ava6k is coming to market and has the SAB managing it through to achieve fast track or accelerated approval from the FDA. For me, this is done hence why company aren't talking about it much now and there focus is elsewhere.
Pipeline reveal at end Oct and they should spell out the TAM plus show some of the pre clinical data which is something everyone will look forward to and rightly expect the SP to increase off the back of it.
Avacta have now moved onto phase 1b with our lead clinical asset, that in itself is a value inflecion point.
UK aim market still just Meh...
But avacta are doing and saying all the right things IMV and happy to add again today.
GSA still need to close. It's getting more precarious for them with each update from Avacta as sooner or later thus scientific progress will be recognised