Fusion Antibodies - Holding(s) in Company
Released
Released
Announcement PDF
RNS Number : 9445O
Fusion Antibodies PLC
12 February 2021
Fusion Antibodies plc
("Fusion" or the "Company")
Holding in Company
Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical antibody discovery,
engineering and supply for both therapeutic drug and diagnostic
applications, has been advised that, following a share purchase on 11
February 2021, Paul Warwick holds 814,080 ordinary shares in the
Company, representing 3.2 per cent. of the Company's issued share capital.
Enquiries:
www.fusionantibodies.com
Fusion Antibodies plc
Dr Paul Kerr, Chief Executive Officer
James Fair, Chief Financial Officer
Via Walbrook PR
Allenby Capital Limited
James Reeve / Asha Chotai (Corporate Finance)
Tony Quirke (Sales and Corporate Broking)
Walbrook PR
Anna Dunphy
Paul McManus
Tel: +44 (0)20 3328 5656
Tel: +44 (0)20 7933 8780 or fusion@walbrookpr.com
Mob: +44 (0)7876 741 001
Mob: +44 (0)7980 541 893
About Fusion Antibodies plc
Fusion is a Belfast based biotechnology company providing a range of
antibody engineering services for the development of antibodies for both
therapeutic drug and diagnostic applications.
The Company's ordinary shares were admitted to trading on AIM on 18
December 2017. Fusion provides a broad range of services in antibody
generation, development, production, characterisation and optimisation.
These services include antigen expression, antibody production, purification
and sequencing, antibody humanisation using Fusion's proprietary
CDRxTM platform and the production of antibody generating stable cell lines
to provide material for use in clinical trials. Since 2012, the Company has
successfully sequenced and expressed over 250 antibodies and successfully
completed over 200 humanisation projects for its international, blue-chip
client base, which has included eight of the top 10 global pharmaceutical
companies by revenue.
Fusion is a Collaborative Research Organisation (CRO) which provides
antibody discovery, engineering and supply, through to cell line
development. At every stage, our client's vision is central to how we work,
ensuring the best molecule goes to the clinic. Our world-class humanization
and antibody optimization platforms harness the power of the natural
diversity of antibodies. To address remaining market needs in antibody
discovery, Fusion is creating a fully human antibody library to capture the
entire human antibody repertoire.
Fusion Antibodies growth strategy is based on combining the latest
technological advances with cutting edge science to deliver new platforms
that will enable Pharma and Biotech companies get to the clinic faster and
ultimately speed up the drug development process.
The global monoclonal antibody therapeutics market was valued at $95.5
billion in 2017 and is forecast to surpass $174.2 billion in 2026, an increase
at a CAGR of 6.9 per cent. for the period 2018 to 2026. In 2018, seven of the
world's ten top selling drugs were antibody-based therapeutics with the
combined annual sales of these drugs exceeding $62 billion.
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