REG - Fusion Antibodies - Block admission six monthly return

Fusion AntibodiesAnnouncement

04/10/2023 15:00

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RNS Number : 7158O  Fusion Antibodies PLC  04 October 2023

 

Fusion Antibodies plc

("Fusion" or the "Company")

 

Block admission six monthly return

 

Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical antibody
discovery, engineering and supply for both therapeutic drug and diagnostic
applications, announces the following information in connection with its block
admission pursuant to AIM Rule 29 and Schedule Six of the AIM Rules for
Companies.

 

 Name of company:                                                                Fusion Antibodies plc

 Name of scheme:                                                                 Historic options, EMI and Unapproved Employee Share Option Scheme, as

                                                                               announced on 27 September 2021

 Period of return:                                                               From 2 April 2023 to 1 October 2023

 Number and class of securities not issued under the scheme at the beginning of  752,083 ordinary shares of 4 pence each in the Company ("Ordinary Shares")
 the period:

 Number of securities issued under the scheme during the period:                 Nil

 Number of options under the scheme that have lapsed during the period:          Options over 458,333 Ordinary Shares
 Balance under the scheme of securities not yet issued at the end of the         293,750 Ordinary Shares
 period:

 Number and class of securities originally admitted and the date of admission:   917,083 Ordinary Shares on 27 September 2021

 Contact name and telephone number:                                              Stephen Smyth, Interim CFO via Walbrook PR

                                                                                 +44 (0)20 7933 8780

 

Enquiries:

 

 Fusion Antibodies plc                                               www.fusionantibodies.com
 Adrian Kinkaid, Chief Executive Officer                             Via Walbrook PR

 Stephen Smyth, Interim Chief Financial Officer

 Allenby Capital Limited                                             Tel: +44 (0)20 3328 5656
 James Reeve/Vivek Bhardwaj (Corporate Finance)

 Tony Quirke/Joscelin Pinnington (Sales and Corporate Broking)

 Walbrook PR                       Tel: +44 (0)20 7933 8780 or fusion@walbrookpr.com
 Anna Dunphy                                                         Mob: +44 (0)7876 741 001

 

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, blue-chip 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 Biotech companies 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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