Vulpes investment brings £3.88m in new funds
Lighthouse | 13 June 2019
Trinity Delta view: The sizeable stake by a new investor is welcomed and serves as useful validation of the investment thesis. Vulpes’s track record of its timings of investment suggests that the shares are materially under-valued, which helps corroborate our valuation model. To reiterate, we value Scancell based on a rNPV and sum-of-the-parts methodology, with conservative assumptions. Based on our model we continue to value Scancell at £82.0m, previously equivalent to 21.1p a share, which accounting for the new shares issued now drops to 17.2p.
13 June 2019
|Primary exchange||AIM London|
Scancell is a clinical-stage immuno-oncology specialist that is developing two innovative and flexible therapeutic vaccine platforms. ImmunoBody and Moditope induce high avidity cytotoxic CD8 and CD4 responses, respectively, with the potential to treat various cancers.
Mick Cooper PhD
+44 (0) 20 3637 5042
+44 (0) 20 3637 5043
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