RE: Too cheap here. Insti's chucked in over £8million at 15p27 Aug 2024 12:48
Fevertreeman.
Clearly back in 2022 the Directors thought the Parsortix machine would sell very well. It did not and one of the main reasons was to make use of the circulating tumour cells (CTC's) you also need to know what you want to test them for and produce an assay test to enable that to happen. This costs a lot of money. 99% of the CTC's the machine catches are alive and intact so they could not be better test subjects. This is a huge plus for the Parsortix machine.
Angle have now produced some of their own assays. DNA damage response, Portrait PD-L1 etc. The big Pharma Co's have been very reluctant to play their part, presumably down to the cost?
Finally, we now have Eisai Inc. of Japan and Astrazeneca paying Angle to produce assays to enable testing of the CTC's during cancer drug trials. This is I think what Angle expected to happen during 2023, and we got almost nothing!! With Astra and Eisai finally reaching for their cheque books this year It seems a salesman dream to build on to get contracts with other Companies. Frankly, I am disappointed no other Plc's have yet followed Eisai or Astrazeneca. Mr Newland said earlier in the year that he is speaking to other Plc's. I am extremely surprised we have still not had an RNS to say another massive Plc is on board. These big Plc's should be helping Angle by sorting out what they want to test in the CTC's during their cancer drug trials, then paying Angle to produce the assay to do the test. This must be holding cancer research back.
It seems to me if any cancer drug trial involves metastasised cancer, then surely the Plc must test for the drugs effect on them. NOT doing this seems absurd. There simply must be other Plc’s out there that will get Angle on board. The time it has taken is shocking.
All IMHO.