Refining its focus
Update | 24 July 2017
e-Therapeutics’s new CEO, Dr Raymond Barlow, has completed a strategic review and is refining the company’s approach as it looks to commercialise its leading position in the field of network-driven drug discovery. It is focussing its resources on the two immuno-oncology drug discovery programmes, and on advancing the discovery platform. The potential of the company’s discovery engine was reviewed and subsequently endorsed by a panel of independent experts, which bodes well for the company as it looks to form drug discovery collaborations. Our DCF-based valuation remains 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)||(6.1)||(4.9)|
|Adj. EPS (p)||(3.3)||(3.9)||(2.3)||(1.8)|
24 July 2017
|Market Cap (£m)||32.5|
|Enterprise Value (£m)||20.4|
|Shares in issue||268.4m|
|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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