Fusion Antibodies PLC Holding(s) in Company (1085Y)

TIDMFAB

RNS Number : 1085Y

Fusion Antibodies PLC

11 January 2022

Fusion Antibodies plc

("Fusion" or the "Company")

Holdings in Company

Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical antibody discovery, engineering and supply for both therapeutic drug and diagnostic applications , has today been advised that, following a share sale of 6,000 ordinary shares of 4p each in the Company ("Ordinary Shares") on 13 August 2021, Paul Warwick held 1,030,363 Ordinary Shares on that date, representing 3.98 per cent. of the Company's issued share capital at that time*.

*Based on the Company's then issued share capital of 25,871,612 Ordinary Shares as at 13 August 2021.

Enquiries:

 
 Fusion Antibodies plc                                                 www.fusionantibodies.com 
 Richard Jones, 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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January 11, 2022 08:27 ET (13:27 GMT)

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