Angle (AGL)

Business description

Angle is a specialist medtech company with a potentially disruptive platform technology. The proprietary 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.£37.4m
Last close50.00p
High / Low (52 weeks)73.5p / 44.5p
Stock market listingLN
Forecast net cash (£m)5.3
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(1)(15.3)(22.5)
Relative *(4)(18.8)(35.5)

* % Relative to local index

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Company news

ANGLE making "good progress" with studies well underway and commercial ...

Wed, 03 May 2017 07:16:46 GMT

ANGLE PLC makes prostate cancer breakthrough

Mon, 21 Mar 2016 08:02:15 GMT

ANGLE's new blood screening tech to revolutionise cancer diagnosis

Tue, 19 Apr 2016 14:18:52 GMT

Angle PLC Announces New Publications Utilising Parsortix

Fri, 29 Apr 2016 06:00:00 GMT

Beaufort Securities Breakfast Alert : Armadale Capital PLC, ANGLE plc, JD ...

Thu, 04 May 2017 07:41:15 GMT

Investment summary

Angle's proprietary Parsortix cell separation platform is used to detect and harvest circulating tumour cells (CTCs) from blood. The company initiated research use sales with £361k and £219k booked in H216 and H117 respectively. While small numbers in absolute terms, these represent a commercial milestone and in line with the company’s strategy of research use sales being a near-term goal and clinical use provides the largest potential. The contract signed with the Cancer Research UK (CRUK) Manchester Institute in May 2016 indicates a potential boost in the near term. Parsortix’s first potential clinical application is for triaging women with ovarian masses before surgery, with the clinical studies ongoing and due to report headline data in Q217. Main 2017 catalysts are the full results from the ovarian cancer studies, expected pickup of research use sales, any new data from Angle’s KOLs and customers investigating Parsortix and progress with the FDA.

Last updated on 02/05/2017

Y/E Apr Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 0.0 (3.5) (3.6) (7.50) N/A N/A
2016A 0.4 (4.9) (5.0) (7.97) N/A N/A
2017E 1.1 (7.4) (7.7) (10.24) N/A N/A
2018E 3.6 (4.9) (5.2) (6.67) N/A N/A

Last updated on 19/04/2017

Latest video

Angle plc

Industry outlook

The precision medicine approach is a key initiative aiming to improve treatment efficacy and outcomes by tailoring the treatment to the patient and their disease. CTCs provide information about the individual’s cancer, which can be used for prognostic, diagnostic and treatment stratification purposes.

Last updated on 02/05/2017

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