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Avacta Group plc ( (GB:AVCT) ) just unveiled an update.
Avacta Group plc has successfully raised approximately £16 million through an oversubscribed equity placement, which will provide additional working capital to advance its research and development programs into the second half of 2026. The funds will support the progression of the faridoxorubicin Phase 1b trial and the initiation of the FAP-EXd Phase Ia trial, while also allowing Avacta to maintain full ownership of its promising programs based on its pre|CISION® technology. This financial move also facilitates the deferment of certain convertible bond repayments, extending the company’s cash runway and enabling it to continue building its intellectual property estate.
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 Group plc is a clinical stage life sciences company focused on developing an innovative proprietary drug delivery platform called pre|CISION®. This platform is designed to enhance the delivery of oncology drugs by reducing toxicity and side effects, concentrating the drug directly in the tumor. The company’s technology involves peptide drug conjugates (PDCs) that release the active drug payload specifically within the tumor, improving efficacy and patient tolerability.
Average Trading Volume: 2,892,594
Technical Sentiment Signal: Hold
Current Market Cap: £281.5M
See more data about AVCT stock on TipRanks’ Stock Analysis page.