Angle (AGL)

Business description

Angle is a world leading liquid biopsy company with a potentially disruptive platform technology. The patented Parsortix cell separation platform can harvest circulating tumour cells and other very rare cells from a blood sample for downstream analysis.

Stock data

Market cap.£31.8m
Last close42.50p
High / Low (52 weeks)72.2p / 32.2p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual19.72(20.56)(38.41)
Relative *16.28(21.48)(43.13)

* % Relative to local index

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Company news

ANGLE catches tumour cells 'hibernating' in bone marrow in new study

Mon, 23 Oct 2017 14:15:40 GMT

Proactive news snapshot: Premier African Minerals, Ergomed, ANGLE …

Mon, 23 Oct 2017 14:48:45 GMT

Angle PLC: Researchers Develop Parsortix™-Based Process to Efficiently ...

Mon, 23 Oct 2017 06:00:00 GMT

ANGLE PLC 's Parsortix liquid biopsy top in kidney cancer study

Tue, 17 Oct 2017 06:33:45 GMT

Broker targeting near-tripling in ANGLE's share price as Parsortix development ...

Tue, 05 Sep 2017 12:08:03 GMT

Investment summary

Angle's patented Parsortix cell separation platform is used to detect and harvest circulating tumour cells (CTCs) from blood. CTCs provide the complete picture since viable, intact CTCs can be used for DNA, RNA and protein analysis as well as culturing and xenograft models. Recently the company reported initial results from its two lead clinical studies (n=200 each) for triaging women with ovarian masses before surgery. Reported sensitivity was up to 95%, while specificity was significantly higher than existing tests. The company is now optimizing the assay before undertaking clinical validation studies. Another key catalyst is the completion of the FDA clinical studies in breast cancer expected in H118, which is a part of the approval process in the US. More recently Angle has announced a co-marketing agreement with Qiagen, which could boost research use sales, which in FY17 were £498k, up from initial sales of £361k in H216. Clinical use sales represent much larger potential in the future. We are updating our estimates.

Last updated on 03/10/2017

Y/E Apr Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 0.4 (4.9) (5.0) (7.97) N/A N/A
2017A 0.5 (6.7) (6.9) (8.03) N/A N/A
2018E N/A N/A N/A N/A N/A N/A
2019E N/A N/A N/A N/A N/A N/A

Last updated on 19/09/2017

Latest video

Angle plc

Industry outlook

The precision medicine approach is an initiative aiming to improve treatment efficacy by tailoring the treatment to the patient and their disease with liquid biopsy being one of the key enabling tools.

Last updated on 03/10/2017

Key management

Andrew Newland, CEO
Ian Griffiths, FD

Company address

3 Frederick Sanger Road
The Surrey Research Park
Guildford
Surrey
GU2 7YD
United Kingdom
+44 (0)1483 685830
View website