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Fusion Antibodies Plc ( (GB:FAB) ) has issued an update.
Fusion Antibodies plc has secured a new multi-target Integrated Therapeutic Antibody Services project with a European-based global pharmaceutical company. This project, which involves humanizing VHH antibody fragments, underscores Fusion’s strategic focus on partnering with major pharmaceutical firms to drive sustainable growth and enhance market positioning. The project is expected to be completed within the current financial year, generating revenues of at least £175,000, and highlights Fusion’s capability to deliver high-quality, innovative solutions.
The most recent analyst rating on (GB:FAB) stock is a Hold with a £16.50 price target. To see the full list of analyst forecasts on Fusion Antibodies Plc stock, see the GB:FAB Stock Forecast page.
Spark’s Take on GB:FAB Stock
According to Spark, TipRanks’ AI Analyst, GB:FAB is a Neutral.
Fusion Antibodies Plc’s overall stock score is primarily impacted by its weak financial performance, characterized by significant losses and cash flow issues. While technical indicators suggest a positive trend, the negative valuation metrics further weigh down the score. The absence of earnings call data and corporate events leaves the financial and technical aspects as the primary influences.
To see Spark’s full report on GB:FAB stock, click here.
More about Fusion Antibodies Plc
Fusion Antibodies plc is a Belfast-based contract research organization specializing in antibody engineering services for therapeutic drug and diagnostic applications. Established in 2001 as a spin-out from Queen’s University Belfast, the company offers a comprehensive range of services including antibody generation, development, production, and optimization. Fusion Antibodies has a strong international client base, including major global pharmaceutical companies, and aims to expedite drug development processes through innovative platforms.
Average Trading Volume: 1,606,190
Technical Sentiment Signal: Buy
Current Market Cap: £17.62M
For detailed information about FAB stock, go to TipRanks’ Stock Analysis page.