LONDON, February 14, 2017 /PRNewswire/ --
Angle's H117 business update revealed that R&Dactivities are progressing well, while the company booked further research use sales. The first prospective clinical studies with Angle's liquid biopsy system Parsortix in ovarian cancer reported positive early evaluation results and are due to report
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We value Angle at £140.3m or 188p/share, up from £129.6m or 173p, as rolling our model forward was partially offset by the lower net cash position, while our long-term clinical use sales were revised upwards after positive early evaluation of ovarian cancer studies. The main catalysts in 2017 are full results from the ovarian cancer studies, expected pick-up of research use sales, any new data from Angle's KOLs and customers investigating Parsortix and progress with the FDA analytical and clinical studies.
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