The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAngle Share News (AGL)

Share Price Information for Angle (AGL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 19.25
Bid: 19.00
Ask: 19.50
Change: -0.25 (-1.28%)
Spread: 0.50 (2.632%)
Open: 19.50
High: 19.50
Low: 18.50
Prev. Close: 19.50
AGL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Angle upbeat on recent cancer research results

Fri, 21st Jun 2019 15:26

(Sharecast News) - Liquid biopsy company Angle announced on Friday that the University Medical Centre Hamburg-Eppendorf (UKE) cancer centre has published results of work demonstrating that its 'Parsortix' system can be used as a liquid biopsy to investigate programmed death-ligand 1 (PD-L1) status in non small cell lung cancer (NSCLC) patients.The AIM-traded firm said the expression of the protein PD-L1 in cancer cells was of particular importance as PD-L1, and the PD-1 protein to which it binds, were the key targets for leading immunotherapy drugs, with revenues forecast to exceed $20bn in 2019.It said immunotherapy drugs could be "very effective" for some patients, however, typically only between 20% and 30% of patients would respond.That meant it was "crucial" to be able to accurately identify which patients, both to reduce the patient's exposure to unnecessary drug toxicity and to reduce unnecessary healthcare expenditure, given such treatment could cost around $0.15m per patient each year, and only a minority of patients would benefit.The company said the research by UKE, undertaken using Parsortix over a three-year period and published in the peer-reviewed medical journal 'Cancers', showed that in a head-to-head comparison of 97 lung cancer patients, Parsortix was able to detect circulating tumor cells (CTCs) in nearly twice as many patients as the leading competing system.Additionally, the research showed that the PD-L1 expression in a tissue biopsy - the current standard of care, which Angle described as "invasive and expensive" - did not always reflect the heterogeneity of PD-L1 expression in the cancer of Stage IV NSCLC patients with multiple tumor sites, meaning a Parsortix CTC liquid biopsy could therefore provide more comprehensive information.A longitudinal investigation using Parsortix in NSCLC patients being treated with immunotherapy drugs 'pembrolizumab' (Keytruda), 'nivolumab' (Opdivo) or 'atezolizumab' (Tecentriq) over multiple time points investigated the changes in PD-L1 positive and negative circulating tumor cells.In all the NSCLC patients that developed resistance to those immunotherapies, an increase in PD-L1+ CTCs was identified compared to earlier time points.Angle said UKE's success in using Parsortix for PD-L1 analysis in NSCLC was consistent with work previously published demonstrating the use of Parsortix for PD-L1 analysis in head and neck squamous cell carcinoma (HNSCC), with the board anticipating that Parsortix could be used for PD-L1 analysis in multiple other cancer types.It said Keytruda, for example, was a broad spectrum anti-cancer drug and had already been approved for 15 cancers and 10 tumor types.Tissue biopsy in the lung, both for lung cancer and as a common metastatic site, was described by the company as "challenging", carrying significant risk with up to 24% of patients experiencing serious complications and up to 1% resulting in death.Additionally, it said the tissue biopsy is expensive, impractical for repeat testing, with a "significant proportion" of biopsies failing to provide sufficient quality or quantity of tissue for accurate analysis.The Parsortix CTC liquid biopsy had the potential to address those limitations through a simple blood test.Angle said the ctDNA liquid biopsy approach - fragments of DNA from dead cancer cells - used by a number of large scale laboratories could analyse PD-L1, as that was a protein expression on the cancer cells.Lung cancer had the highest incidence and mortality rate of all cancers, Angle noted.The board said it believed there was an opportunity to build on the work undertaken to provide services to pharmaceutical drug trials in determining likely patient responders, and as a companion diagnostic to assess which patients were likely to respond to particular immunotherapies."The ability to identify which patients will respond to PD-L1/PD-1 immunotherapies and to assess response to these drugs during treatment, is a major unmet medical need," said Angle founder and chief executive officer Andrew Newland."The Parsortix system addresses key shortcomings in alternative approaches offering the potential for routine liquid biopsies through a simple blood test."
More News
5 Oct 2011 14:01

Angle buys 90% stake in cancer diagnostic firm

Angle has increased its stake in its subsidiary, Parsotix, to 90% following the success of the cancer diagnostic firm's cell separation device. The fund the move, Angle raised £1.25m in July, 80% of which has been allocated to Parsortix to fund the definitive validation of its initial findings, wh

Read more
28 Sep 2011 08:38

Angle announces new cancer detection device

Technology firm Angle has announced that Parsortix, its 85% owned portfolio company which specialises in medical diagnostics, has achieved a major milestone by validating that its cell separation device can capture cancer cells added to blood. Parsortix's patented cell separation device can be used

Read more
23 Aug 2011 12:12

Angle rises sharply on patent award

Technology firm incubator Angle saw an acute increase in its share price after one of its subsidiaries was granted a US patent. Angle's 83% owned medical diagnostics company Parsortix has been issued a US patent relating to its technology for particle and cell separation, identification, sorting an

Read more
29 Jul 2010 08:21

Angle FY10 Loss Narrows, To Focus On Cash Resources, Cost Cuts

LONDON (Dow Jones)--Angle PLC (AGL.LN), an international Ventures and Management services company, Thursday reported a much narrowed fiscal 2010 pretax loss and said it continues to focus on the level of cash resources available to it and will continue to reduce its cost base and seek new management

Read more
26 Jul 2010 17:14

Angle investment secures high profile partner

Technology consultancy and investment company Angle says that its portfolio company Geomerics has agreed a corporate partnership with one of the world's leading technology companies. The partner will invest up to £2.3m in Geomerics, of which £1m is dependent on milestones being achieved. Angle cu

Read more
26 Jul 2010 08:24

Angle: Geomerics Corporate Partnership With Technology Company

LONDON (Dow Jones)--Angle PLC (AGL.LN), an international venture management company focusing on the commercialization of technology and innovation, said Monday that its portfolio company Geomerics Ltd, which specializes in computer games middleware, has agreed to a corporate partnership with a techn

Read more
16 Jul 2010 11:42

Small caps round-up: Judges Scientific, Terra Catalyst, DCC

Judges Scientific said trading activity during the six-month ended 30 June remained robust and benefited from a healthy opening order book, strong order intake and favourable exchange rates. Order intake during the half-year was much stronger than in the comparable period of 2009. Terra Catalyst Fu

Read more
16 Jul 2010 07:31

Angle: NeuroTargets Makes Progress, Gets GBP3.8M Phase 2 Funding

LONDON (Dow Jones)--Angle PLC (AGL.LN), an international venture management company focusing on the commercialization of technology and innovation, Friday announces strong progress with NeuroTargets, its 25% portfolio company specializing in the relief of neuropathic pain, with the Wellcome Trust ag

Read more
24 Sep 2009 17:14

Grid finance chief sells again

Gas and electricity network operator National Grid has sailed through the turbulence of the past year relatively unscathed. The share price now is still lower than this time in 2008, but has bounced strongly since April and finance director Steve Lucas is taking advantage to sell his second chunk

Read more
24 Jul 2009 17:13

London close: Ten out of ten for Footsie

The FTSE 100 index made it ten days of rises in a row, despite tailing off towards the close as investors looked to bank profits ahead of the week-end. It capped the best rally by the blue-chip index in five years. The rise was achieved despite dismal gross domestic product data. UK output contract

Read more
24 Jul 2009 14:11

London afternoon: Financials find favour

Footsie eased back a little over the lunchtime session but thanks to firm financials the blue-chip index continues to shrug off this morning's gloomy data on gross domestic product (GDP). UK output contracted 0.8% between April and June after a 2.4% decline in the first quarter, according to the Of

Read more
24 Jul 2009 11:54

London midday: London shrugs off GDP shock

After a shaky opening the market is moving steadily ahead, despite receiving a jolt from much worse than expected gross domestic product (GDP) figures. Output contracted 0.8% between April and June after a 2.4% decline in the first quarter, according to the Office for National Statistics' flash est

Read more
24 Jul 2009 08:38

Angle confident of management services division

Venture management firm Angle posted strong profitability in the management services business for the year but various provisions pushed the group into losses. "Angle is successfully reshaping its Management services business and has done much to protect its portfolio against clearly adverse market

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.