Angle Plc. Yesterdays RNS "Potential to predict progression free survival for drug trials"17 May 2024 10:13
More and more important information is being found from analysing circulating tumour cells (CTC's) caught from a standard blood sample using Angle's Parsortix system during cancer drug trials. The drug trial Co's can either buy the Parsortix machine (to catch the CTC's) and do their own analysis ($50,000 to $70,000 per machine) or employ Angle to do it. Angle charge I think between $2,500 and $3,500 per blood tube sample analysis. Usually between 3 and 5 blood samples per patient. So somewhere between $7,500 ($2,500 x 3) and $17,500 ($3,500 x 5) per patient. Personally, I can't see how it's even possible for Angles revenues to absolutely rocket. Note there are 48 Pharma Co's in the World with a bigger market cap that Eisai Inc. ($15 billion). Most of these Companies do cancer research involving drug trials. IMHO Astrazeneca on its own could overwhelm Angle's current services division with orders, let alone the rest. It is mind boggling.
https://www.lse.co.uk/rns/AGL/study-of-ovarian-cancer-ctcs-using-parsortix-b5r88uc2ryoxoty.html
All IMHO.