Angle PLC: Preliminary Results
(firmenpresse) - GUILDFORD, UNITED KINGDOM -- (Marketwired) -- 07/28/16 -- Angle PLC (AIM: AGL) (OTCQX: ANPCY)
("ANGLE" or "the Company")
ANGLE plc (AIM: AGL OTCQX: ANPCY), the specialist medtech company, today announces audited preliminary results for the year ended 30 April 2016.
First sales of the Parsortix system reported in December 2015. Sales pipeline developing in the research use market
Analytical and clinical study programmes developed to progress FDA clearance for Parsortix
planned initial FDA clearance in metastatic breast cancer
three world-leading US cancer centres selected to perform clinical validation work
Clinical study programmes developed and now recruiting patients in the detection of ovarian cancer, the Company''s first clinical application:
Europe: Medical University of Vienna, Charité Medical University Berlin and Vivantes Network for Health GmbH
United States: University of Rochester Medical Center Wilmot Cancer Institute
global market for this clinical application estimated to be £ 300 million per annum
Growing body of published evidence from third party cancer centres - as at 30 April 2016
3 publications in peer-reviewed journals and 10 posters presented at cancer conferences
Strengthened IP position provides protection until 2034. Patents granted in Europe, Australia, Canada and China during the period, building on United States IP coverage
Maiden revenues of £ 0.4 million (2015: £ nil) from Parsortix
Loss from continuing operations of £ 5.1 million (2015: £ 3.9 million) reflecting planned investment to advance and drive adoption of Parsortix
Cash balance at 30 April 2016 of £ 3.8 million (30 April 2015: £ 8.4 million)
Cancer Research UK Manchester Institute selected Parsortix for routine use in clinical trials:
immediate incorporation of ANGLE''s Parsortix system in 10 clinical trials
4 further clinical trials currently in planning
Clinical applications in metastatic breast and prostate cancer being assessed
addressing estimated global markets of £ 1.0 billion and £ 3.0 billion per annum
follows successful pilot studies by University of Southern California Norris Comprehensive Cancer Center and Barts Cancer Institute
Financial position strengthened following successful fundraising from major institutional investors raising £ 10.2 million (£ 9.6 million net of expenses)
Garth Selvey, Non-Executive Chairman of ANGLE plc, commented:
"ANGLE is funded to execute our business plan with the immediate priorities of building research use sales in leading institutions, completing analytical and clinical studies to support FDA clearance in the US, and completing clinical studies for our first clinical application in ovarian cancer. The recent pilot study results in breast cancer and prostate cancer represent breakthroughs that offer major growth potential for the future. ANGLE is well positioned to become a leading player in the emerging liquid biopsy market, which is expected to revolutionise cancer care."
Please see for details.
These Preliminary Results may contain forward-looking statements. These statements reflect the Board''s current view, are subject to a number of material risks and uncertainties and could change in the future. Factors that could cause or contribute to such changes include, but are not limited to, the general economic climate and market conditions, as well as specific factors including the success of the Group''s research and development and commercialisation strategies, the uncertainties related to regulatory clearance and the acceptance of the Group''s products by customers.
Click on, or paste the following link into your web browser, to view the associated PDF document.
Contacts:
RNS
Customer
Services
0044-207797-4400
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 28.07.2016 - 00:00 Uhr
Sprache: Deutsch
News-ID 1449448
Anzahl Zeichen: 3582
contact information:
Contact person:
Town:
GUILDFORD, UNITED KINGDOM
Phone:
Kategorie:
Biotech
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 196 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Angle PLC: Preliminary Results
"
steht unter der journalistisch-redaktionellen Verantwortung von
Angle PLC (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
