Executing the strategy
Update | 26 September 2017
e-Therapeutics outlined its focused strategy in July, investing in a few select discovery programmes while it looks for partners. Business development activities are underway, as it raises awareness of its network-driven drug (NDD) discovery platform while advancing the immuno-oncology projects to a suitable stage for partnering. Given the proven capabilities of the company and growing interest in big data and artificial intelligence (AI) to enhance drug discovery, we expect e-Therapeutics to have fruitful discussions in the coming year. Our DCF valuation is unchanged at £53.8m or 20.4p/share.
|Adj. PBT (£m)||(11.3)||(13.4)||(7.8)||(6.1)|
|Net Income (£m)||(9.3)||(13.6)||(6.3)||(4.9)|
|Adj. EPS (p)||(3.3)||(3.9)||(2.3)||(1.8)|
26 September 2017
|Market Cap (£m)||28.5|
|Enterprise Value (£m)||20.6|
|Shares in issue||268.5m|
|12 month range (p)||7.4-13.5|
|Primary exchange||AIM London|
e-Therapeutics is a drug discovery company with a proprietary network-driven drug discovery (NDD) platform. Following management changes and a strategic review, the focus is on its immuno-oncology projects, the next generation of the platform, and on securing industry collaborations and partners.
Mick Cooper PhD
+44 (0) 20 3637 5042
+44 (0) 20 3637 5041
Exhibit 1: Summary of financials
Source: e-Therapeutics, Trinity Delta Note: Adjusted numbers exclude exceptionals.
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