RE: Turner Pope29 Feb 2024 13:12
Turner Pope excellent article posted courtesy of iantobach certainly gives a clear picture to why they are considering a P3
To fully grasp/broaden
the drug’s international opportunity, a follow-on Phase 3 study (full design yet to be disclosed) is presently
scheduled to commence in Q1 2026 and may well be conducted with a partner or partners.
Recognising the limit of its own capabilities and the opportunity for the Group’s technologies to satisfy such a
significant unmet need in a timely manner, out-licensing and partnership agreements with sector leaders (that
could possibly include the likes of Roche, Celgene, Bristol-Myers, Johnson & Johnson, Pfizer, AstraZeneca and
Merck, etc.) would then likely ensue. Interest could come from sector players seeking to refresh or extend patent
protection of generic and existing products, or otherwise permit introduction of more modern, potent therapeutics
that have otherwise been hindered by their extreme toxicity. Alongside revenues generated from its own in-house
developments, Avacta shareholders would stand to collect generous upfront fees, milestone payments and/or
royalties (estimated by TPI to be in the range of 5% to 15%) over the products’ lifetime.
The scale of the opportunity being presented is positively breat Cancer drug sales worldwide are already
way ahead of all other therapeutic classes and, with increasing incidence amongst aging populations, this lead is
expected to widen in coming years.
According to data analytics group Statistica, oncology drug sales reached US$176 billion in 2021, more than doubhtaking.