# Avacta Group CEO Alastair Smith discusses COVID-19 antigen test (Interview)

- Link: https://www.directorstalkinterviews.com/avacta-group-ceo-alastair-smith-discusses-covid-19-antigen-test-interview/412817915
- Published: 2020-05-04T09:28:50+01:00
- Author: Giles Arbor

**[Avacta](https://www.directorstalkinterviews.com/company/avacta-group-plc/avct.l)
Group plc** ([LON:AVCT](https://www.directorstalkinterviews.com/ftse-company/avacta-group-plc/avct.l))
CEO Alastair Smith joins DirectorsTalk to discuss the recently announced a partnership
with Adeptrix Corporation. Alastair explains how the test works, the benefits of
this type of test compared to other lab tests, how long the test will take to develop
and the route to market.

Avacta Group has established drug development partnerships with pharma and biotech,
including with Moderna Therapeutics Inc., a deal with LG Chem worth up to $310m,
a partnership with ADC Therapeutics to develop Affimer drug conjugates and has established
a joint venture in South Korea with Daewoong Pharmaceutical focused on cell and 
gene therapies incorporating Affimer immune-modulators. Avacta actively seeks to
license its proprietary platforms in a range of therapeutic areas.

Avacta diagnostics business unit works with partners world-wide to develop Affimers
for evaluation by those third parties with the objective of establishing royalty
bearing license deals. The Company is also developing a small in-house pipeline 
of Affimer-based diagnostic assays for licensing.

Adeptrix Corporation provides proteomic and diagnostic products using its proprietary
BAMS^(TM) platform which is a novel tool for targeted, multiplexed proteomics combining
bead-based affinity enrichment with the power of mass spectrometry.

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