OPTIM Product Launch

Avacta Group plc Product Launch - Flagship biophysical analysis instrument Cost saving analysis technology for biological drug developers Avacta Group plc ("Avacta" or the "Company"), the company providing innovative, high value technologies and services to the pharmaceutical and diagnostics markets, is pleased to announce the launch of its flagship technology product, `Optim.' Biopharmaceuticals are complex, fragile and considered difficult to characterise during research and development. This makes it difficult for drug developers to identify those products with the highest likelihood of reaching market. Consequently, the failure rate of products in development is high -leading to considerable costs in bringing a product to market and long development timescales. Optim is a high-end bench top laboratory instrument designed to perform advanced biophysical analysis on very small samples of biopharmaceuticals and other biological samples. This allows drug developers to acquire vital information about their compounds' performance at an early stage, helping them to reduce the risk of late stage failure and to bring optimised products to market quicker and more cheaply. Optim fills a significant gap in the market through providing detailed analysis using only very small sample volumes. For the first time this enables drug developers to gain vital information about product performance in the early stages of product development when very limited quantities of material are available. Its ease of use means that its advanced analysis can be widely accessed by non-expert users thereby broadening the potential market size. Avacta is also developing follow-on products that will, when added to Optim, deliver a comprehensive "protein analysis workstation" for drug developers. The Company believes that there is a substantial market readily accessible in the near term through Avacta's existing market reach, created by its contract services business, as well as a larger worldwide market to be accessed through commercial partners. Optim has no known direct competition and can be targeted at other fields of protein research in industry. The ultimate size of the addressable opportunity for the product is therefore very significant. A presentation to showcase the technology will be given today by the management of Avacta at 10:30am at the offices of Haggie Financial LLP, 10 Fenchurch Ave, EC3M 5BN. To attend please contact Nicholas Nelson or Kathy Boate. Alastair Smith, Chief Executive, Avacta, commented: "Optim is the first in a range of high value analytical products for the biopharmaceutical sector which Avacta has under development and we believe that the substantial benefits it has to offer to end users are very clear. "Avacta is capable of using biophysics to revolutionise the way in which biological samples, such as biopharmaceuticals or clinical samples, can be analysed rapidly. In delivering an instrument for biopharmaceutical developers, we have targeted the largest immediate market that Avacta can address and we are looking forward to the wider application of our core technology in diagnostics and elsewhere. "I am delighted that this important point has been reached as planned and within budget, which is a testament to the development team, and I look forward to reporting on the continuing progress of the Company." 23 April 2009 Enquiries: Avacta Group plc Tel: 0870 835 4367 Alastair Smith, Chief Executive Officer Tim Sykes, Chief Financial Officer www.avacta.com Haggie Financial LLP Tel: 020 7417 8989 Nicholas Nelson / Kathy Boate Nicholas.nelson@haggie.co.uk Nominated Adviser: Tel: 020 7776 6550 Daniel Stewart & Company Plc Charlotte Stranner/Simon Leathers Novum Securities Limited Tel: 020 7562 4700 Henry Turcan Notes to Editors: About Avacta Avacta was spun-out from the University of Leeds in 2004 by its current management team as a biophysics company, with the aim of combining the disciplines of physics and biology to develop innovative technologies and expert technical services to address needs in the pharmaceutical, defence and clinical diagnostics markets. Avacta has a core bio-analytical technology development programme addressing the needs of the biopharmaceutical sector to fully characterise their new products at the earliest stage in their development to reduce the risk of late stage failure. High value solutions in defence and clinical diagnostics are also being provided by these core bio-analytical technologies. A successful and growing part of the Avacta business model is its technical services arm, Avacta Analytical Ltd, which is focused on providing leading edge contract research to the biopharmaceutical and healthcare/personal-care materials sectors. Avacta listed on AIM in August 2006 through the reverse takeover of Readybuy plc which changed its name to Avacta Group plc.
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