Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. Viewhere

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAngle Regulatory News (AGL)

  • There is currently no data for AGL

Corporate Collaboration

8 Jan 2015 07:00

RNS Number : 5972B
Angle PLC
08 January 2015
 

For immediate release

 

8 January 2015

 

ANGLE plc

("ANGLE" or "the Company")

 

CORPORATE COLLABORATION WITH LARGE PHARMACEUTICAL COMPANY

 

 

ANGLE plc (AIM:AGL and OTCQX:ANPCY), the specialist medtech company, is delighted to announce that it has agreed a collaboration with a subsidiary of a large pharmaceutical company (the "Collaborator") to investigate the combination of ANGLE's Parsortix circulating tumour cell (CTC) harvesting platform with the Collaborator's single cell analysis system.

 

The Collaborator Group is a multinational pharmaceutical, biotechnology and diagnostics company with multi-billion dollar revenues. The name of the Collaborator and other terms of the collaboration are not disclosed.

 

The Collaborator's cell analysis system is best deployed on sub-populations of cells that have been pre-enriched (concentration of target cells and reduction of non-target cells such as white blood cells). The Collaborator wishes to evaluate the use of the Parsortix system as a standard pre-enrichment system for their single cell analysis system. ANGLE's key opinion leaders have previously reported that the Parsortix system harvests a high purity of CTCs and was 30 times purer than a leading antibody-based system. The first phase is a proof-of-principle of the Collaborator's system working with Parsortix.

 

ANGLE's patented Parsortix system can harvest very rare circulating tumour cells (CTCs) in cancer patient blood - even when there is less than one CTC in one billion healthy cells. The aim of the resulting liquid biopsy (simple blood test) is to enable the investigation of mutations in the patient's cancer for personalised cancer care. The Parsortix system is "open-source" and has been designed to work with all existing analytical procedures in the same way that the existing solid biopsy provides cancer cells for a wide variety of analytical procedures.

 

ANGLE's commercialisation strategy is to establish a series of partnerships with multiple leading diagnostic companies to offer a complete solution to the oncologist. ANGLE believes this is the optimal approach for unlocking the multi-billion dollar worldwide market available to the Company and its potential strategic partners.

 

Partners will be selected for their specialist technical capabilities enabling new high medical utility applications and/or their market strength and existing installed base of diagnostic systems enabling accelerated market adoption of the Parsortix system.

 

ANGLE's Founder and Chief Executive, Andrew Newland, commented:

"We believe ANGLE's Parsortix system is the leading system for harvesting circulating tumour cells from blood for analysis in personalised cancer care. The combination of our system with the Collaborator's single cell analysis system would produce a powerful analytical capability, initially for researchers and ultimately for clinicians creating a major commercial opportunity for ANGLE."

 

 

 

For further information:

 

ANGLE plc

01483 685830

Andrew Newland, Chief Executive

Ian Griffiths, Finance Director

 

Cenkos Securities

Stephen Keys, Dr Christopher Golden (Nominated adviser)

Andy Roberts (Sales)  

 

020 7397 8900

Buchanan

Mark Court, Sophie Cowles

020 7466 5000

 

For Frequently Used Terms, please see the Company's website on http://www.angleplc.com/the-parsortix-system/glossary/

 

 

Notes for editors

 

About ANGLE plc

 

ANGLE is a specialist medtech company commercialising a disruptive platform technology that can capture cells circulating in blood, such as cancer cells, even when they are as rare in number as one cell in one billion blood cells, and harvest the cells for analysis.

 

ANGLE's cell separation technology, known as the Parsortix system, harvests the cells of interest through a liquid biopsy, with the patient only experiencing a simple blood test. Parsortix is the subject of two granted US patents and three extensive families of patents being progressed worldwide. The system is based on a microfluidic device that captures cells based on a combination of their size and compressibility. The Parsortix system is established with strong positive evaluations from leading cancer research centres and is working with these cancer centres to demonstrate key applications. Parsortix has a CE Mark for Europe and FDA authorisation is in process for the US.

 

The analysis of the cells that can be harvested from patient blood with ANGLE's Parsortix system has the potential to help deliver personalised cancer care offering profound improvements in clinical and health economic outcomes in the treatment and diagnosis of various forms of cancer.

 

The Parsortix system is designed to be compatible with existing major medtech analytical platforms and to act as a companion diagnostic for major pharma in helping to identify patients that will benefit from a particular drug and then monitoring the drug's effectiveness.

 

ANGLE has established formal collaborations with world-class cancer centres and is working with these cancer centres to demonstrate key applications for its Parsortix non-invasive cancer diagnostic system as a liquid biopsy. Details are available here http://www.angleplc.com/the-company/collaborators/

 

In addition to cancer, the Parsortix technology has the potential for deployment with several other important cell types in the future.

 

ANGLE began trading on the AIM market of the London Stock Exchange in March 2004 under the ticker symbol AGL. For more information visit www.angleplc.com.

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCPKODPCBKDCDK
Date   Source Headline
15th Feb 20105:41 pmRNSHolding(s) in Company
2nd Feb 20101:38 pmRNSHolding(s) in Company
1st Feb 20101:30 pmRNSHolding(s) in Company
29th Jan 20103:14 pmRNSHolding(s) in Company
22nd Jan 20108:49 amRNSHolding(s) in Company
21st Jan 20107:00 amRNSInterim Results
6th Jan 20107:00 amRNSNotice of Interim Results
27th Nov 20097:00 amRNSContract Win
28th Sep 20094:48 pmRNSHolding(s) in Company
24th Sep 20097:40 amRNSDirector/PDMR Shareholding
10th Sep 20093:32 pmRNSResult of AGM
3rd Sep 20094:18 pmRNSHolding(s) in Company
26th Aug 20093:08 pmRNSDisposal of Provexis Holding
12th Aug 20091:40 pmRNSHolding(s) in Company
11th Aug 20094:22 pmRNSHolding(s) in Company
24th Jul 20097:00 amRNSPreliminary Results
2nd Jul 20094:44 pmRNSHolding(s) in Company
11th Jun 20092:21 pmRNSHolding(s) in Company
30th Mar 20095:47 pmRNSDirector/PDMR Shareholding
26th Feb 20097:00 amRNSNovocellus contract completion
11th Feb 20091:44 pmRNSHolding(s) in Company
29th Jan 20097:00 amRNSInterim Results
22nd Jan 20093:09 pmRNSNotice of Results
12th Jan 20097:00 amRNSNovocellus deal
5th Dec 20082:31 pmRNSChange of Registered Address
24th Oct 20084:14 pmRNSAnnual Report & Accounts
22nd Oct 20083:04 pmRNSHolding(s) in Company
12th Sep 20084:43 pmRNSOffer Update
11th Sep 20083:21 pmRNSResult of AGM
11th Sep 20082:46 pmRNSRule 8.3- Angle Plc
10th Sep 200812:48 pmRNSRule 8.3- Angle Plc
5th Sep 20081:23 pmRNSRule 8.3- Angle PLC
28th Aug 200812:51 pmRNSRule 8.3- Angle Plc
27th Aug 20081:05 pmRNSRule 8.3- Angle Plc
22nd Aug 200812:13 pmRNSRule 8.3- Angle Plc
21st Aug 20088:40 amRNSStatement re: Angle Plc
4th Aug 20087:00 amRNSProvexis Fundraising
29th Jul 200811:39 amRNSRule 8.3- Angle Plc
23rd Jul 20082:13 pmRNSRule 8.3- Angle Plc
18th Jul 20085:19 pmRNSRule 2.10 Announcement
18th Jul 20083:09 pmRNSResponse RE Angle Offer
18th Jul 20087:00 amRNSStatement re possible offer
11th Jul 20081:05 pmRNSStatement re. announcement
11th Jul 20088:10 amRNSOffer Update
10th Jul 20087:00 amRNSParsortix world break-through
10th Jul 20087:00 amRNSAguru Images sales
10th Jul 20087:00 amRNSContract Win
10th Jul 20087:00 amRNSPreliminary Results
19th Jun 200811:37 amRNSRule 8.3- Angle Plc
10th Jun 200812:27 pmRNSRule 8.3- Angle Plc

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.