Angle PLC Edison issues research update on Angle
April 19 2016 - 7:43AM
RNS Non-Regulatory
TIDMAGL
Angle PLC
19 April 2016
London, UK, 19 April 2016
Edison issues research update on Angle
Angle has announced results from a metastatic breast cancer
research study carried out by its KOL partner University of
Southern California (USC) Norris Comprehensive Cancer Center.
Headline data potentially prove that circulating cancer cells
(CTCs) captured using Parsortix have the same biology compared to
invasive tissue biopsy and can be used to guide the treatment.
While this will have to be replicated in larger-scale trials, it
represents a potential third clinical application, in which
Parsortix can establish a new standard of care.
Angle will now focus on implementing a clinical trial in
partnership with USC and other centres. When there is more clarity
about commercialisation in terms of timelines and positioning, we
will review our financial forecasts and the assumptions underlying
our DCF-based valuation, which is unchanged at GBP95m or 161p/share
for now.
Click here to view the full report
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April 19, 2016 07:43 ET (11:43 GMT)
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