Angle PLC Edison issues research update on Angle
May 27 2016 - 10:12AM
RNS Non-Regulatory
TIDMAGL
Angle PLC
27 May 2016
London, UK, 27 May 2016
Edison issues research update on Angle
Angle has raised GBP9.6m (net) via a private placing. This
supports Angle's focus on commercialising Parsortix, with the funds
being applied to a range of clinical studies to demonstrate utility
of the Parsortix system. Additionally, Angle announced that Cancer
Research UK Manchester Institute is adopting Parsortix for routine
research use, which will provide recurring sales. FY16 results in
July will provide a trading update and more details on the R&D
expansion strategy, likely to be scaled up with the benefit of the
fund raising.
We will review our forecasts and valuation after the FY16
results in July. We see the private placement as a first step
towards initiating clinical trials with new indications, giving
scope for future valuation uplift (albeit diluted by the new shares
for now).
Click here to view the full report
All reports published by Edison are available to download free
of charge from its website: www.edisoninvestmentresearch.com
About Edison: Edison is an international equity research firm
with a team of over 110 analysts, investment and roadshow
professionals and works with both large and smaller capitalised
companies, blue chip institutional investors, wealth managers,
private equity and corporate finance houses to support their
capital markets activity. Edison provides services to more than 420
retained corporate and investor clients from offices in London, New
York, Frankfurt, Sydney and Wellington. Edison is authorised and
regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
Contact details: Learn more at www.edisongroup.com and connect
with Edison on:
LinkedIn www.linkedin.com/company/edison-investment-research
--------- ----------------------------------------------------
Twitter www.twitter.com/Edison_Inv_Res
--------- ----------------------------------------------------
YouTube www.youtube.com/edisonitv
--------- ----------------------------------------------------
Google+ https://plus.google.com/105425025202328783163/posts
--------- ----------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAGMGZKDNRGVZM
(END) Dow Jones Newswires
May 27, 2016 10:12 ET (14:12 GMT)
Angle (LSE:AGL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Angle (LSE:AGL)
Historical Stock Chart
From Apr 2023 to Apr 2024