RE: Trust / Funding /Bargain3 Mar 2024 14:04
Gmcc...picking apart the comments you posted, I think there might be a little bit more to this fundraise we've all missed...
Alastair Smith – CEO of Avacta:
‘we have raised financing that allows Avacta to progress at full speed its lead pre|CISION? targeted chemotherapy, AVA6000’
‘the (AVA6000) Phase 1 safety study strongly supports our belief that pre|CISION can change the way in which cancer is treated’
‘we are now in a position to also progress the broader pre|CISION pipeline.’
‘this financing provides Avacta with 24 months of cash runway to focus on advancing AVA6000 through the clinic…’
And then he says:
‘as well as progressing other assets earlier in the development cycle to hit key commercial milestones’
So this fundraise is not necessarily just about AVA6000 or even Precision…it could also be about Affimers.
Mmm!...I missed this earlier…look at the Pipeline chart in link below. Have Avacta been asked by one or more of their Partners to bring forward the Development work on one or more of the undisclosed items still in early stage. It just seems to have been slipped in quietly…as if they don’t want to really mention it…have they been asked to keep quiet. They have to mention what the funds are for but tis does seem like a sneaky insert!!!! Will we get some Partnership updates once the fundraise is completed.
https://avacta.com/therapeutics/pipeline/
10 Dec 2018
Cambridge, UK and Seoul, South Korea: Avacta Group plc (AIM: AVCT), the developer of Affimer® biotherapeutics and reagents and LG Chem Life Sciences, the life sciences division of the South Korean LG Group, today announced a multi-target collaboration and development agreement. The agreement provides LG Chem with the exclusive rights to develop and commercialise, on a worldwide basis, multiple Affimer® therapeutics intended for treatment of patients in the fields of inflammatory disorders, and oncology. Under the terms of the agreement, Avacta will generate and carry out the discovery, optimisation and protein engineering of Affimer® drug candidates against a set of undisclosed targets
https://avacta.com/avacta-and-lg-chem-life-sciences-agree-multi-target-affimer-therapeutics-development-alliance/.
‘Avacta will develop Affimer proteins against several undisclosed targets which will be transferred to the joint venture to be incorporated into mesenchymal stem cells. All of Avacta’s research and development costs will be paid for by the joint venture.’
https://avacta.com/wp-content/uploads/2020/01/Daewoong-JV-v4.pdf