Trinity Delta view: The potential for long-term value creation in both Avacta divisions is highlighted by: (1) clinical momentum in Therapeutics as lead pre|CISION asset AVA6000 approaches key data read out and initiation of the first potentially registrational trial; and (2) by the commercial momentum in the maturing Diagnostics business as it advances towards self-sustainability. Avacta’s near- and medium-term Therapeutics prospects are underpinned by the pre|CISION platform, with AVA6000 data helping to validate the platform’s tumour targeting potential and providing the blueprint for a pipeline of related products, such as AVA3996. Accelerated clinical development for AVA6000 could mean approval of the first pre|CISION targeted chemotherapy towards end-2026. Our current Avacta valuation is £641m (equivalent to 228p per share).
