RE: Latest TD Update4 Aug 2025 08:53
Valuation increased to £373m or 36p/share; cash through to H226 Our iSCIB1+ valuation is essentially doubled to 8p/share, largely on higher peak sales, together with a longer patent life and a modest de-risking. With all else being equal, this results in an uplift to our Scancell rNPV to £373m (from £330m), or 36p/share, with further upside on upcoming clinical news. The cash runway extends into H226.