Edison Issues ADR Update on Angle

LONDON, March 21, 2016 /PRNewswire/ --

Today Angle has announced results from a prostate cancer research study carried out by its KOL partner Barts Cancer Institute (BCI). The final data are yet to be published, but headline results indicate that Parsortix can potentially perform as well as or better than current standard of care in terms of detecting early-stage prostate cancer and assessing its severity, and can do so with a simple blood test. While this will require further clinical studies, it represents a likely second clinical application, in which Parsortix can substantially affect the management of cancer patients.

     (Logo: http://photos.prnewswire.com/prnh/20130417/608168 )

The results are encouraging and we expect Angle will provide an update on the strategy for prostate cancer in the coming months, which may bring clarity about commercialization. Once that is available, we will review our financial forecasts and the assumptions of our DCF-based valuation which, prior to adjustments for the new developments, is largely unchanged at $137m or $23.2/ADR (currency effect only).

Click here to view the full report.

All reports published by Edison are available to download free of charge from its website http://www.edisoninvestmentresearch.com.

About Edison: We are an international equity advisory firm. We enable our client companies to achieve their capital market objectives. The team is made up of more than 80 analysts and investment professionals with many decades of experience. Our extensive company knowledge and industry expertise spans 10 business sectors and more than 700 listed companies globally. We give our corporate clients and investors privileged insight into global investment trends. Our distribution capability is key to ensuring a global investor audience can access our investment knowledge. Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

Contact details: Learn more at http://www.edisongroup.com and connect with Edison on:  

   
    LinkedIn http://www.linkedin.com/company/edison-investment-research
    Twitter  http://www.twitter.com/Edison_Inv_Res
    YouTube  http://www.youtube.com/edisonitv
    Google+  https://plus.google.com/105425025202328783163/posts

For more information please contact:

Jonas Peciulis
Edison Investment Research
+44 (0)20 30775728

Lala Gregorek
Edison Investment Research
+44 (0)20 36812527 [email protected]

SOURCE Edison Investment Research

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED