Avacta confident about future

BIOPHYSICS firm Avacta said it was growing when it held its annual general meeting.

Alastair Smith, chief executive of the diagnostics specialist, which is based in York, said: "I am pleased to report to shareholders that both operating businesses have generated year on year sales growth and that the market interest in both Optim and Midas is strong.

"The first Optim unit was shipped and successfully installed before Christmas and I look forward to reporting further progress to shareholders during February."

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York-based Avacta, which was spun out of the University of Leeds, last year bought Theragenetics for 2m and Curidium Medica for 6.18m.

The firm, which has established itself as a leading animal allergy testing provider, now serves about 55 per cent of UK veterinary clinics and has distributors and partners in Europe, the Middle East and Far East.