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Avacta Group plc ( (GB:AVCT) ) has shared an announcement.
Avacta Group PLC announced the presentation of data on its first dual-payload peptide drug conjugate (PDC) at an upcoming international conference. This development marks a significant advancement in oncology therapy, as it allows for the selective and controlled release of two cancer-targeting drugs from a single molecule, potentially enhancing treatment effectiveness and addressing resistance mechanisms in tumors.
The most recent analyst rating on (GB:AVCT) stock is a Hold with a £75.00 price target. To see the full list of analyst forecasts on Avacta Group plc stock, see the GB:AVCT Stock Forecast page.
Spark’s Take on GB:AVCT Stock
According to Spark, TipRanks’ AI Analyst, GB:AVCT is a Neutral.
Avacta Group plc’s overall stock score is primarily impacted by its weak financial performance, which poses significant risks. However, strong technical indicators provide some optimism. The valuation remains a concern due to negative earnings, and while the earnings call showed some strategic progress, financial challenges persist.
To see Spark’s full report on GB:AVCT stock, click here.
More about Avacta Group plc
Avacta is a clinical stage life sciences company focused on developing an innovative drug delivery platform called pre|CISION®. This platform enables the repurposing of oncology drugs as peptide drug conjugate (PDC) payloads, aiming to reduce toxicity and side effects by concentrating the drug directly in tumors.
Average Trading Volume: 2,904,542
Technical Sentiment Signal: Hold
Current Market Cap: £285.6M
Learn more about AVCT stock on TipRanks’ Stock Analysis page.