REG - Fusion Antibodies - Director/PDMR Shareholding

Fusion AntibodiesAnnouncement

31/10/2022 14:00

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RNS Number : 7756E  Fusion Antibodies PLC  31 October 2022

 

Fusion Antibodies plc

("Fusion" or the "Company")

 

Director/PDMR Shareholding

 

Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical antibody
discovery, engineering and supply for both therapeutic drug and diagnostic
applications, has been notified that Sonya Ferguson, Non-Executive Director of
the Company, has today purchased 10,000 ordinary shares in the Company
("Ordinary Shares") a price of 41.91 pence per Ordinary Share. Following this
purchase, Sonya Ferguson holds 102,567 Ordinary Shares, representing
approximately 0.39 per cent. of the Company's issued share capital.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Sonya Ferguson
 2    Reason for the notification
 a)   Position/status                                              Non-Executive Director
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Fusion Antibodies plc
 b)   LEI                                                          213800KBAYRC9VOQ9V39
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  ordinary shares of 4p each in Fusion Antibodies plc

      Identification code

                                                                   Identification code (ISIN) for Fusion Antibodies plc ordinary shares:
                                                                   GB00BDQZGK16
 b)   Nature of the transaction                                    Purchase of ordinary shares

 c)   Price(s) and volume(s)                                        Price(s)   Volume(s)
                                                                   41.91P      10,000
 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      31 October 2022
 f)   Place of the transaction                                     XLON, London Stock Exchange

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

31 October 2022

f)

Place of the transaction

XLON, London Stock Exchange

 

 

 

 

 

Enquiries:

 

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

 James Fair, Chief Financial Officer

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

 Tony Quirke (Sales and Corporate Broking)

 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, 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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