Fusion Antibodies Plc (GB:FAB) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Fusion Antibodies Plc, a specialist in pre-clinical antibody discovery and engineering, reports lower annual revenues of £1.14m for FY2024, down from £2.9m the previous year, attributing the decline to a downturn in biotech venture capital. Despite a challenging year, the company raised £1.37m for working capital and investments, signaling a rebound with a strong end-of-year performance and a promising £0.75m order book. Fusion’s diversification strategy and recent collaborations, including one with the National Cancer Institute, have positioned it for anticipated growth in FY2025.
For further insights into GB:FAB stock, check out TipRanks’ Stock Analysis page.
