Second agreement helps validate capabilities
Lighthouse | 13 August 2019
Trinity Delta view: Business development and cost control remains management’s primary focus. These announcements suggest that business development activities are starting to gain traction. Demonstrable results will help validate the value of the NDD and GAINs platforms. In the meantime, we believe e-therapeutics remains well funded. End-January 2019 cash of £5.9m, plus a £1.1m tax credit, provides funding through FY21. Clearly, potential payments from new partners, cost-sharing deals, or M&A could extend this.
13 August 2019
|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
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