viewe-Therapeutics PLC

e-Therapeutics is growing momentum, says GECR


Research house GECR has kept its 'buy' stance on drug discovery and development company e-Therapeutics (LON:ETX) and targets a price of 100 pence for the shares.

With four drugs now in pre-clinical development, the firm is growing momentum, says analyst Emanuil Manos Halicioglu.

It comes after earlier this month, the company started a second phase I clinical trial of its anti-cancer drug ETS2101 - less than three months after it began the first.

The company, which publishes its interims on October 22, said up to 45 patients with a variety of solid tumours will take part in the trial.

It will be at St James’s University Hospital in Leeds and the Northern Centre for Cancer Care at the Freeman Hospital in Newcastle.

Like the brain cancer study, the UK trial has a dose-escalating design, which means groups of patients will receive successively higher doses of the ETS2101.

Halicioglu said he expected final results from the trial during next year.

The analyst said that his risked net present value (NPV) for all four candidates with a 12.5 pct discount was $222 million, or 99.86 pence a share.

When general and administrative costs are taken away and current cash of 7.19 pence per share is added, a target price of 99.91 pence is reached.

He noted that he had been conservative with his assumptioons and saw room for "significant upside".

Shares in the firm closed today unchanged at 39 pence.

Quick facts: e-Therapeutics PLC


Price: 29 GBX

Market Cap: £149.22 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


Market Report: FTSE follows Wall Street rally after global sell off

FTSE 100 wiped out some of Thursday’s losses at open after a rally on Wall Street, with traders awaiting US retail sales data later today. London’s leading index jumped 41 points to 7,005 in early trading. Airbnb Inc (NASDAQ:ABNB) has seen an increase in bookings in countries where the...

on 05/14/2021

2 min read