Avacta’s (AVCT.L) Recent Share Price Falls By 12.76%

Avacta Group’s share price began to rise in value beginning in 2020. It was a pleasant surprise after such a lengthy period of low prices. The shares began to rise on March 29th, and by the end of 2020, they had increased by 98 GBP. In 2021, the price began at 134 GBP and climbed to a peak of 273 GBP. On the 12th of July, it opens at 145.01 GBP and closed at 126.50 GBP, decreasing from the previous close by 18.50 GBP. The total volume exceeds the average volume by 2,5 GBP million.
Avacta Group Plc offers reagents and therapeutics based on Affimer technology for diagnostic and research applications in the United Kingdom, North America, Asia, and the Rest of Europe. It operates in three segments: Diagnostics, Therapeutics, and Animal Health. The company develops custom Affimer proteins for customer products and in-house diagnostic assays. It also develops novel cancer immunotherapies combining proprietary platforms; and provides tools and contract services to assist diagnosis of conditions in animals to enable faster treatment for veterinarians.

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The company has a research partnership with Moderna Therapeutics; research collaboration with pre|CISION technology incorporates a substrate that is sensitive to cleavage by fibroblast activation protein; co-development partnership agreement with Bach Biosciences LLP to develop Affimer drug conjugate therapies; drug development collaboration with LG Chem Life Sciences; a partnership with Selexis to develop cell line for clinical manufacturing, and with Tufts University School of Medicine for developing Affimer drug conjugate therapies; a collaboration with Cytiva to develop and manufacture an Affimer-based point-of-care rapid test; and a collaboration with Adeptrix to develop Affimer-based COVID-19 antigen tests.

Richard McEntire

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