RE: 70p initial price target. More blue chip pharma deals being worked.12 Sep 2024 08:59
Range_Rover1990.
Good post based backed up with a professional article. Unlike some posts on here that that are based on what a poster has assumed, based on well, what they have assumed. The following are the main services agreements. People are forgetting this is only part of what Angle do. Selling the Parsortix machine ($50,000 each plus) and consumables is the backbone of the Company for the moment. Likely it will be overtaken by the services side in due course.
2-1-2024.
https://www.lse.co.uk/rns/AGL/contract-announcement-with-eisai-inc-49aplx5us0gzg6h.html
"Pilot study for ANGLE's Portrait HER2 assay in Phase II study of HER2 targeting antibody-drug conjugate, BB-1701"
"Under the agreement, in a pilot study worth US $250,000 to ANGLE, ANGLE will provide CTC analysis with its Portrait HER2 assay to assess breast cancer patients' HER2 (human epidermal growth factor receptor 2) status in a Phase II study of the HER2 targeting antibody-drug conjugate (ADC) BB-1701. Success in the pilot study offers the potential for multiple large scale follow-up studies"
I believe this is based on the Services HER2 assay Angle now offer to use in other cancer drug trials on their WEB site TO OTHER COMPANIES. Note Angle own the assays they develop.
There are over 3000 Breast cancer drug trials in the World now. Massive potential here already.
24-4-2024.
https://www.lse.co.uk/rns/AGL/new-commercial-agreement-with-astrazeneca-edeymgqdtcshqde.html
"ANGLE signs agreement to tailor existing Parsortix-based DNA damage response assay for use in pharmaceutical R&D". "Under the agreement, ANGLE will develop a novel methodology for CTC micronuclei detection based on its existing pKAP1 CTC-based DDR assay, which measures expression of a key protein in the DNA damage response. Assay development will take place in ANGLE's laboratories in Guildford, UK, and follows the Company's development and launch of two highly sensitive and specific DDR assays in 2023. The 6-month development phase is worth an initial £150,000 to ANGLE.".
3-5-2024.
https://www.lse.co.uk/rns/AGL/new-commercial-agreement-with-large-pharma-gvzk9wgh1la0ljx.html
"ANGLE commissioned to develop a Parsortix-based Androgen Receptor detection assay for use in prostate cancer studies". "Under the terms of this agreement, worth £550,000 to ANGLE, the Company will develop a CTC-based AR assay. Assay development will take place in the ANGLE's UK laboratories, with project completion expected in Q1 2025. A successful development phase will demonstrate the importance of the Parsortix system in assessing the efficacy of prostate cancer therapeutics and offers the potential for long-term, ongoing business for the Company supporting clinical studies.".
All IMHO.