RE: RNS9 Apr 2026 07:06
Christina Coughlin MD, PhD, CEO of Avacta, commented:
"Avacta continued to build momentum, having reached a number of important milestones in the first quarter of 2026, with treatment of the first patient in the FOCUS-01 trial of AVA6103 being a critical step forward in the development of our pre|CISION® platform. The sustained release mechanism allows the modulation of the kinetics of payload release, and also opens up the platform to many therapeutic modalities over the Gen One approach.
Furthermore, our AVA6000 (faridoxorubicin) program is especially well positioned following the updates from health authorities which allow the lifting of the lifetime maximum dosing and dose selection.
Our first, second and third generation assets are all attracting substantial interest from multiple parties for potential partnering. With our recent financing completed, we now have funding in place beyond multiple value inflection points through the rest of 2026 and we are excited about this potentially transformative period for the Company, delivering benefit for our patients and our shareholders alike."