Valuation29 Jul 2022 15:47
What is worth bearing in mind is that Avacta has an amazing goldmine in their JV with Daewoong : Affyxell.
As the CEO said: Affyxell uniquely positioned to develop novel and powerful cell therapies through two world class technologies, the Affimer platform and Daewoong’s technology for off the shelf allogenic MSC therapies, are attracting world class partners and investors. GenScript ProBio, a worldwide leader in biopharmaceutical contract development and manufacturing organization (CDMO), today announced the continued partnership with AffyXell Therapeutics, a joint venture of United Kingdom-based Avacta Group and South Korea-based pharmaceutical company, Daewoong Pharmaceutical. This collaboration signifies GenScript ProBio's ongoing commitment to the advancement of novel gene therapies using mesenchymal stem cells for the treatment of autoimmune and inflammatory diseases.
However GenScript ProBio is a spin off from GenScript biotech corp, GenScript Biotech Corporation is the world leading science serving platform by providing reliable, high quality and innovative reagents and instruments with superior customer service to enable customer successes across a wide variety of existing and emerging life science research and development areas.That company also floated Legend Biotech developing advanced cell therapies across a diverse array of technology platforms, including autologous and allogeneic chimeric antigen receptor T-cell and natural killer (NK) cell-based immunotherapy. From our three R&D sites around the world, we apply these innovative technologies to pursue the discovery of safe, efficacious and cutting-edge therapeutics for patients worldwide.
Avacta is part of something quite special, which in US would attract a valuation way above UK’s current numbers. Yet the analyst covering the stock are not applying any value to this in their SOP.At. current market cap in the U.K., Affyxell could easily attract a valuation higher than the official market cap of Avacta.
So with the AVA machine about to be rolled out and then more news from Affyxell and then news from AACC and the recent hires, well the US brokers will be lining up!!