Fevertreeman. WHY in particular did Eisai Inc. (top 100 Jap Co.) select Angle Plc's Parsortix system?13 Mar 2024 11:08
You say:
"Because for $250,000 they have nothing to lose. They havent made any commitment beyond one pilot study. Newland of course positioned this completely differently, trailing some huge deal with a major international pharma...its one bloody pilot study Andrew!".
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Fevertreeman.
Clearly you have an axe to grind with Angle Plc. A top 100 Japanese Co. evaluating a drug that has a budget of $2 billion................. pull the other one!! LOL!!
When they got the FDA approval for using their Parsortix machine with breast cancer to catch circulating tumour cells from a standard blood sample for testing (e.g for HER-2 status) they envisaged the machines selling very well and clearly that did not happen. That was a huge disappointment and the reason the sp fell from £1.60 at it's peak to under 10p in December 2023. I believe one of the main reasons was the Co's Angle expected to buy the machines needed to invest in developing their ***own assays*** in order to actually carry out the tests on the cct's. This further cost along with the cost of the machines combined with changing from how they were used to getting the cct's (even if not as good as Parsortix) was a huge drag on sales. But Angle have since changed their business model. The bottom line is they do have a patented remarkable machine that can filter out LIVE circulating tumour cells (cct's) from a standard blood sample. 99% of there cells are LIVE (other methods often kill the cells) so it is simply not possible to get a better cct to test. Not possible. They have now developed their own assays (that they offer to sell with the machines) and they are using them to offer their own labs services to the World, demonstrating how the machines can be used. As far as potential markets go the one Eisai Inc. contract (involving just one of their cancer drug trials) could end up multi million if the trial progresses to stage 4. Just the ability to monitor the HER-2 status of a persons cancer before, during and after treatment is simply worth a fortune>>>>>>>>>>>>>>>
Regarding JUST HER-2:-
"3. HER2 Overexpression in Cancers
Most of the studies on HER2 have been carried out in breast cancer, after it was found to induce mammary carcinogenesis in vitro [14] and in vivo [15]. Amplification or overexpression of the HER2 gene occurs in approximately 15–30% of breast cancers [16]. With increasing understanding of HER2 biology, it has now been recognized that HER2 overexpression occurs in other forms of cancers also such as stomach, ovary, uterine serous endometrial carcinoma, colon, bladder, lung, uterine cervix, head and neck, and esophagus [17, 18]. Apart from its role in development of various cancers, it has also been intensely evaluated as a therapeutic target.
Basically Angle Plc could make a decent profit just from cancer drug trials for metastasized Breast cancer alone, which is a tiny, tiny fraction of the overall market IMHO.
All IMHO.