Avacta Group plc (GB:AVCT) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Avacta Group plc’s interim report highlights the promising clinical performance of its lead drug, AVA6000, which has shown favorable tolerability and preliminary efficacy in its Phase 1a trial. Financially, the company reports revenues of £11.3 million and an adjusted EBITDA loss of £11.1 million, alongside a successful fundraise of £31.1 million. Avacta is also pursuing strategic goals, including the sale of its Diagnostics division and exploring a NASDAQ dual listing to maximize shareholder value.
For further insights into GB:AVCT stock, check out TipRanks’ Stock Analysis page.