Business
Major Japanese Distributor Signed
Major Japanese Distributor Signed.
About this update from Avacta Group Plc
[{"type":"text","content":"\n \nRNS Number : 2890M Avacta Group PLC 15 July 2014 \n \n\n \nAvacta Group plc\n(\"Avacta\" or the \"Group\")\n \nMajor Japanese Distributor Signed \n \nAvacta Group plc (AIM: AVCT), the global provider of proprietary diagnostic tools, consumables and reagents for human and animal healthcare, is pleased to announce that it has appointed Cosmo Bio Co Ltd (Cosmo), one of the leading Japanese life sciences R&D suppliers, as distributor in Japan for Affimers.\n \nCosmo has been selling reagents such as antibodies and enzymes, cell and tissue culture materials, separation and purification systems and protein engineering products in Japan for over 30 years to academic laboratories, research institutes and testing organisations. With a network of around 200 agents throughout Japan and servicing over 400 international manufacturers, Cosmo is one of the largest and most established life sciences reagents and equipment suppliers in Japan. \n \nAffimers are an engineered alternative to antibodies. They have been designed to address many of the negative performance issues currently experienced with antibodies; namely, the time taken to generate new antibodies, specificity and batch to batch variation. Affimers can be engineered to bind with high specificity and affinity to a wide range of protein targets thereby creating a very large menu of affinity reagents to address gaps in the antibody reagents market and compete directly with existing antibody products.\n \nAvacta is now focusing on the commercialisation of Affimers via its custom Affimer services and, later in the year, through an on-line catalogue of reagents. Avacta has secured first sales of Affimers through its services activity in which its extensive library of Affimers is screened to generate binders to new targets provided by the customer. This screening service takes seven weeks from receiving the target to providing the customer with samples of the fully characterised Affimer to be used in the their assay or other process or product. This is in comparison with the many months or even years it can take to generate high quality antibodies to new targets. Avacta is making good progress in populating its Affimer catalogue which will launch in late summer with a range of Affimers against some common targets and also against some high valu...