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Expert report for floatation on AIM
US-based Akers Biosciences' became one of the first US biotech companies to float on AIM, feeling that it provides better liquidity for shares in small companies than is offered by the US exchanges including Nasdaq.

The objectives for the client

 

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Akers engaged Bridgehead Consulting as consulting experts to assist in the preparation of an expert report for inclusion in their placing prospectus.

  • Examine and report on Akers Biosciences' diagnostic technologies, the major products that have been developed for production and sale using these technologies, and the claims that Akers makes for its technology and developed products.

  • Review and report upon the key merits and competitive position of Akers' technologies.

  • Assess the market potential for Akers' technologies and products.

  • Review and report upon Akers' regulatory strategy and the regulatory framework in which it operates.

  • Review and comment upon Akers' commercial strategy for its Particle Immnofiltration Assay (PIFA) and Micro Particle Catalysed (MPC) Biosensor technologies and the potential value to it of such technologies.

  • Review and report upon the Akers' research and development programmes.

The programme of work

The programme of work was focused on developing a legally acceptable and verifiable expert report. In this project, Bridgehead Consulting provided verification for all statements made in the expert report within a fully referenced consultant's long form document, provided to Akers' and its advisers. The document also contained transcripts of all interviews and meetings with employees and partners of the company and external experts and site visits.

 

The project achievements

  • Understanding of the immunodiagnostic and nucleic acid diagnostic technologies involved.

  • Understanding and familiarity with the markets addressed by the Akers' technologies and products.

  • Commercial appreciation of the Akers' market approach.

Added value

For this US company floating on AIM, Bridgehead Consulting was able to add its experience of developing other expert reports to the requirements of AIM. The understanding of the process and its requirements allowed for the development of the expert report to a high standard within the short timescales available.

 

 

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