Fusion Antibodies - Result of AGM
Released
Released
Announcement PDF
RNS Number : 1642A
Fusion Antibodies PLC
25 September 2020
Fusion Antibodies plc
("Fusion" or the "Company")
Result of AGM
Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical antibody discovery,
engineering and supply for both therapeutic drug and diagnostic
applications, announces that at its Annual General Meeting held earlier today,
all resolutions were duly passed.
Full details of the voting results will be available on the Company's website
here: https://www.fusionantibodies-ir.com/
Enquiries:
Fusion Antibodies plc
Dr Paul Kerr, Chief Executive Officer
www.fusionantibodies.com
Via Walbrook PR
James Fair, Chief Financial Officer
Allenby Capital Limited
Tel: +44 (0)20 3328 5656
James Reeve / Asha Chotai (Corporate Finance)
Tony Quirke (Sales)
Walbrook PR
Tel: +44 (0)20 7933 8780
or fusion@walbrookpr.com
Anna Dunphy
Mob: +44 (0)7876 741 001
Paul McManus
Mob: +44 (0)7980 541 893
About Fusion Antibodies plc
Fusion is a Belfast based contract research organisation ("CRO") 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
CDRx TM 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 and has an international, bluechip client base, which has included eight of the top 10 global pharmaceutical
companies by revenue.
The Company was established in 2001 as a spin out from Queen's University
Belfast. The Company's mission is to enable pharmaceutical and diagnostic
companies to develop innovative products in a timely and cost-effective
manner for the benefit of the global healthcare industry. Fusion Antibodies
provides a broad range of services in antibody generation, development,
production, characterisation and optimisation.
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 Biotechs get to the clinic faster, with the optimal
drug candidate and ultimately speed up the drug development process.
The global monoclonal antibody therapeutics market was valued at $135.4
billion in 2018 and is forecast to surpass $212.6 billion in 2022, an increase
at a CAGR of 12.0 per cent. for the period 2018 to 2022. In 2017, seven of the
world's ten top selling drugs were antibody-based therapeutics with the
combined annual sales of these drugs exceeding $63.2 billion.
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