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Share Price: 18.75
Bid: 18.00
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Change: 0.25 (1.35%)
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Open: 18.50
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Angle's Parsortix Successfully Investigates Immunotherapy Target

Fri, 21st Jun 2019 12:56

(Alliance News) - Angle PLC on Friday said its Parsortix system has been successfully used as a liquid biopsy to investigate an immunotherapy target in lung cancer.

Shares in Angle were up 3.5% at 58.68 pence in mid day trade.

University Medical Centre Hamburg-Eppendorf has published results showing Angle's liquid biopsy system, Parsortix, can be used to investigate the PD-L1 status of a patient with non small cell lung cancer. A head-to-head study showed Parsortix could detect circulating tumour cells in almost twice as many patients as its leading competitor.

PD-L1 or programmed death-ligand 1 is currently a target for immunotherapy in cancer. The presence of PD-L1 on the surface of a cancer cell suppresses the immune system and prevents it from attacking that cell and so there are currently drugs in development which seek to target PD-L1.

Immunotherapy drugs can cost around USD150,000 per patient per year, however, so finding out whether a patient's cancer even expresses PD-L1 is considered important and also stops patients who won't benefit from receiving unnecessary drugs. At present, only 20% to 30% of patients respond.

Rather than a traditional biopsy in which a tissue sample is taken, Parsortix uses only a blood test and then separates the tumour cells from the blood for analysis. This is of particular benefit in lung cancer, where as many as 24% of patients will experience complications from a traditional biopsies.

Angle Founder & Chief Executive Andrew Newland said: "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. The Parsortix system addresses key shortcomings in alternative approaches offering the potential for routine liquid biopsies through a simple blood test."

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31 Jan 2013 13:13

Angle raises funds with placing

Angle, a specialist medtech company, has placed 4.53m new ordinary shares at 50p each, representing a discount of 17.4 per cent on the mid-price of 60.50p per share at close of business on Wednesday. Net of costs, the placing raised £2.2m, which will be used to strengthen the company's financial p

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15 Jan 2013 08:47

Angle jumps again after pay out

Medical technology firm Angle saw its shares jump for a second day in a row after it received cash due from the sale of its portfolio company Acoylte Biomedica. The 2007 sale led to a legal case over an earn-out provision, which saw former Acolyte shareholder, Porton Capital, take the buyer, 3M, to

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14 Jan 2013 09:46

Angle gains on breakthrough in cancer diagnostic technology

Angle advanced more than 90 per cent Monday after the medtech company announced a major breakthrough in its cancer diagnostic product Parsotix. The AIM listed company said it had edged further in the development of Parsortix, a non-invasive technology which captures and counts rare circulating tu

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10 Dec 2012 15:01

Sharp drop in Angle shares following business update

AIM-listed medtech company Angle revealed that Origio, a partner involved in the development of a technology patented as EmbryoSure, has decided to cease EmbryoSure studies in a business update on Monday. EmbryoSure is a technology being developed to assess the viability of embryos for transfer in

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7 Jun 2012 13:59

Small caps round-up: Cyan, Aer Lingus, Mobile Tornado ...

Cyan Holdings, the wireless solutions company, has revealed that three more Cyan partners have received requests from the Tamil Nadu Electricity Board (TNEB) Automatic Meter Reading tender to proceed with installation and commissioning of 500 unit pilots within the next 25 days. The news follows Cya

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30 Apr 2012 08:47

Small caps round-up: Westminster Group, Angle, Asterand

Defence technology firm Westminster Group said its investment in a West African airport was looking promising and that an initial aggregate $150m revenue forecast could be achieved by the contract's eight year break point rather than the full contract term of 15 years. "Should that be the case, the

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23 Apr 2012 14:31

Small caps round up: Intandem, Digital Learning, Hornby ...

Intandem Films, the London and Los Angeles based international film group, will co-produce 10 Things I Hate About Life, and sell the film internationally. The company will also distribute the film in the UK. The script has been written and the film will be directed by Gil Junger, the director of the

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17 Apr 2012 10:40

Angle success with ovarian cancer

Shares in technology investment firm Angle rose on Tuesday after it said its Parsortix cell separation device had passed an important milestone. The firm said that the device could now capture ovarian cancer cells, creating the possibility of developing an effective, non-invasive screening techniqu

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11 Apr 2012 09:46

Small caps round-up: Top Level Domain, Transense, SkyePharma

Top Level Domain Holdings, which operates generic top-level domains, has revealed that is wholly-owned subsidiary, Minds and Machines, has been appointed by Dot London Domains (DLD), the official promotional organisation for London, to assist with DLD's application for the position of registry opera

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15 Mar 2012 12:06

Small caps round-up: HMV, Corero, ANGLE ...

HMV Group, the struggling entertainment media seller, has confirmed that it is still pondering what to do with its live music business. HMV added that a number of parties have indicated an interest in acquiring the business. There has been press speculation recently about who might be interested in

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26 Jan 2012 13:10

Angle raises £1.2m, swings to a half-year loss

Technology investment company ANGLE has raised £1.2m through a fundraising on the same that it revealed it had swung to a loss in the first half ended October 31st. The firm said on Thursday that investors will acquire up to 1,715,717 new ordinary shares in the company at a price of 70p per shar

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23 Jan 2012 14:25

Angle makes important step in cancer technology

Angle's 90%-owned portfolio company, Parsortix, which specialises in medical diagnostics, has used its cell separation device to successfully capture circulating tumour cells (CTCs) in cancer patient blood. The Parsortix separation technology has already been used to capture cultured breast cancer

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16 Dec 2011 10:37

Angle shares storm north on Parsortix lung cancer result

Angle, the technology investment company, saw its share price go vertical on Friday morning on the back of success at one its investments, Parsortix. Parsortix, which specialises in medical diagnostics, has confirmed its cell separation device can "capture cultured lung cancer cells". This comes af

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16 Nov 2011 16:00

Angle reports further delays on IVF product

Shares in Angle, the Surrey-based technology investment firm, fell today after it reported delays to its IVF product EmbryoSure. The embryo viability product is being developed by Novocellus, which is 82% owned by Angle. The firm had already said the trial of EmbryoSure was delayed, but today adde

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11 Nov 2011 08:21

Angle prostate cancer test sees shares rocket

Angle, the Surrey-based technology investment firm, has seen its share price rocket nearly 15% on news one of its divisions has found a new way to detect prostate cancer. Parsortix, which is 90% owned by Angle, claims its "separation technology" can capture prostate cancer cells added to blood. T

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