Angle PLC Announces Notification of Interim Results and Webcast

Rhea-AI Summary

ANGLE plc (OTCQX:ANPCY) has announced it will release its interim results for the six months ended 30 June 2020 on 29 October 2020. This extension aligns with COVID-19 regulations set by AIM. A virtual meeting for analysts will be held at 10:00 am on the same day, with details to follow. ANGLE's liquid biopsy technology includes the Parsortix® system, which enables effective cancer cell isolation for analysis. The company is progressing towards FDA clearance for its CTC harvesting system, aiming to revolutionize cancer diagnostics with significant accuracy demonstrated in clinical studies.

Positive

• ANGLE is progressing towards FDA clearance for its CTC harvesting system, which could enhance its market position.
• The Parsortix system shows a high accuracy rate of 95.1% in ovarian cancer detection, indicating strong product efficacy.
• ANGLE has established collaborations with major industry players, bolstering its credibility and market reach.

Negative

• None.

GUILDFORD, SURREY / ACCESSWIRE / September 2, 2020 / ANGLE plc (AIM:AGL)(OTCQX:ANPCY), a world-leading liquid biopsy company, will be releasing its interim results for the six months ended 30 June 2020 on Thursday 29 October 2020. This date is in line with COVID-19 guidance provided by AIM Regulation (dated 9 June 2020), which allows the Company to be granted an extension of one month for the reporting and filing of its financial results for the six months ended 30 June 2020.

A virtual meeting and webcast for analysts will be held at 10:00am on Thursday 29 October 2020, details of which will be provided nearer the time.

A recording of the webcast will be made available on ANGLE's website following the results meeting.

For further information ANGLE:

ANGLE plc	+44 (0) 1483 343434
Andrew Newland, Chief Executive Ian Griffiths, Finance Director
finnCap Ltd (NOMAD and Joint Broker) Corporate Finance - Carl Holmes, Simon Hicks, Max Bullen-Smith ECM - Alice Lane, Sunila de Silva	+44 (0)20 7220 0500
WG Partners (Joint Broker) Nigel Barnes, Nigel Birks, Andrew Craig, Chris Lee	+44 (0) 203 705 9330
FTI Consulting Simon Conway, Ciara Martin, Sam Purewal Matthew Ventimiglia (US)	+44 (0) 203 727 1000 +1 212 850 5624

About ANGLE plc www.angleplc.com

ANGLE is a world leading liquid biopsy company with sample-to-answer solutions. ANGLE's proven patent protected platforms include a circulating tumor cell (CTC) harvesting technology and a downstream analysis system for cost effective, highly multiplexed analysis of nucleic acids and proteins.

ANGLE's cell separation technology is called the Parsortix® system, and it enables a liquid biopsy (a simple blood test) to be used to provide the cells of interest to the user in a format suitable for multiple types of downstream analyses. The system is based on a microfluidic device that captures cells based on a combination of their size and compressibility. The system is epitope independent and can capture all types of CTCs as well as CTC clusters in a viable form (alive). CTCs enable the complete picture of a cancer to be seen as being a complete cell they allow DNA, RNA and protein analysis and the live cells harvested can be cultured. The Parsortix technology is the subject of 24 granted patents in Europe, the United States, China, Australia, Canada, India, Japan and Mexico with three extensive families of patents are being progressed worldwide. The Parsortix system has a CE Mark in Europe for the indicated use and FDA clearance is in process for the United States with a 400 subject clinical study and associated analytical studies in metastatic breast cancer. ANGLE is seeking to be the first ever FDA cleared CTC harvesting system and only the third ever FDA cleared liquid biopsy test. ANGLE has already undertaken two separate 200 subject clinical studies under a program designed to develop an ovarian cancer pelvic mass triage test, with the results showing best in class accuracy (ROC-AUC) of 95.1%. The pelvic mass triage assay has undergone further refinement and optimisation, and is currently in the process of a 200 patient clinical verification study.

ANGLE's technology for the multiplex evaluation of proteins and nucleic acids of all types is called the HyCEADTM Ziplex® platform and is based on a patented flow through array technology. It provides for low cost, highly multiplexed, rapid and sensitive capture of targets from a wide variety of sample types. A proprietary chemistry approach (the HyCEAD method) allows for the capture and amplification of over 100 biomarkers simultaneously in a single reaction. The HyCEAD Ziplex system is extremely sensitive and is ideal for measuring gene expression and other markers directly from Parsortix harvests and was used in the ovarian cancer pelvic mass triage test to achieve best in class accuracy (ROC-AUC) of 95.1%.

ANGLE's proprietary technologies can be combined to provide automated, sample-to-answer results in both centralised laboratory and point-of-use cartridge formats.

ANGLE has established formal collaborations with world-class cancer centres and major corporates such as Abbott, Philips and QIAGEN, and works closely with leading CTC translational research customers. These Key Opinion Leaders (KOLs) are working to identify applications with medical utility (clear benefit to patients), and to secure clinical data that demonstrates that utility in patient studies. The body of evidence as to the benefits of the Parsortix system is growing rapidly from our own clinical studies in metastatic breast cancer and ovarian cancer and also from KOLs with 35 peer-reviewed publications and numerous publicly available posters, available on our website.

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SOURCE: ANGLE plc

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https://www.accesswire.com/604478/Angle-PLC-Announces-Notification-of-Interim-Results-and-Webcast

FAQ

When will ANGLE plc release its interim results for the six months ended 30 June 2020?

ANGLE plc will release its interim results on 29 October 2020.

What is the significance of the Parsortix system for ANGLE plc?

The Parsortix system is crucial for ANGLE as it enables effective cancer cell isolation, vital for diagnostics and ongoing FDA clearance efforts.

How accurate is ANGLE's ovarian cancer triage test?

ANGLE's ovarian cancer pelvic mass triage test has demonstrated an accuracy rate of 95.1%.

What collaborative efforts has ANGLE plc undertaken?

ANGLE has formed partnerships with leading cancer centers and corporations like Abbott and Philips to enhance the development and validation of its technologies.

What is the purpose of the virtual meeting scheduled for 29 October 2020?

The virtual meeting will provide analysts with insights into ANGLE's interim results and future strategies.