REG - Fusion Antibodies - Notice of AGM and Director change

Fusion AntibodiesAnnouncement

01/09/2022 07:00

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RNS Number : 8019X  Fusion Antibodies PLC  01 September 2022

Fusion Antibodies plc

("Fusion" or the "Company")

 

Posting of Annual Report, Notice of AGM and Director Change

 

Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical antibody
discovery, engineering and supply for both therapeutic drug and diagnostic
applications, announces that the Annual Report and Accounts for the year ended
31 March 2022 and the Notice of the Company's Annual General Meeting ("AGM")
have been posted to shareholders today.

 

A copy of the 2022 Annual Report and Accounts, the Notice of AGM and
accompanying form of proxy is now available to download from the Company
website here: https://www.fusionantibodies-ir.com/
(https://www.fusionantibodies-ir.com/) .

 

The AGM will be held on Friday, 23 September 2022 at 11.00 am in The Malone
Hotel, 60 Eglantine Avenue, Malone Road, Belfast, BT9 6DY.

 

Tim Watts, Non-executive Director since December 2017, has informed the Board
of his intention to retire and, therefore, will not be seeking re-election at
the AGM. He will cease to be a Director of the Company at the close of the
AGM. Colin Walsh, Non-executive Director will take up the position of Chair of
the Company's Audit Committee in place of Tim Watts.

 

Simon Douglas, Chairman of Fusion, commented: "On behalf of the Board, I would
like to offer my sincere thanks to Tim for his service to the Company as a
Non-executive Director and as Chair of the Audit Committee. Tim joined the
Company at the time of the IPO and has made a valuable contribution to the
Company, particularly from his knowledge and experience of public companies."

 

Enquiries:

 

 Fusion Antibodies plc                                 www.fusionantibodies.com
 Simon Douglas, Chairman                               Via Walbrook PR

 James Fair, Chief Financial Officer

 Adrian Kinkaid, Chief Executive 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

 

About Fusion Antibodies plc

Fusion is a Belfast-based Collaborative Research Organisation ("CRO") company,
listed on AIM, providing a range of antibody engineering services for the
development of antibodies for both therapeutic drug and diagnostic
applications.

 

Fusion provides a broad range of services in antibody generation, development,
characterisation, optimisation, and small-scale production. These services
include antigen expression, purification and sequencing, antibody humanisation
using Fusion's proprietary CDRxTM platform and cell line development,
producing antibody generating stable cell lines optimised for use downstream
by the customer to produce material for clinical trials. Since 2012, the
Company has successfully sequenced and expressed over 250 antibodies and
successfully completed over 200 humanisation projects for its international
customer base, which has included eight of the top 10 global pharmaceutical
companies by revenue.

 

At every stage, our client's vision is central to how we work in combining the
latest technological advances with cutting edge science. In this work our
world-class humanization and antibody optimization platforms harness the power
of natural somatic hypermutation (SHM) to ensure the best molecule goes to the
clinic. Fusion Antibodies' growth strategy is based on enabling Pharma and
Biotech companies get to the clinic more effectively, using molecules with
optimized therapeutic profile and enhanced potential for successful
development and approval and, ultimately, on speeding up the drug discovery
and development process. Fusion's use of SHM to create a fully human antibody
library to capture the human antibody repertoire will address a continuing
market need in antibody discovery,

 

Fusion Antibodies' emphasis on antibody therapeutics is based on the size and
growth rate in the sector, with the market valued at $135.4 billion in 2018
and forecast to surpass $300 billion by 2025, a CAGR of 14.26%. As of May
2021, there were 100 approved antibody therapies on the market and more than
570 antibody therapies in clinical development.

 

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