ANGLE Inks Supplier Agreement with AstraZeneca To Develop A Parsortix-Based Androgen Receptor Detection Assay For Use In Prostate Cancer Studies
Portfolio Pulse from Benzinga Newsdesk
ANGLE has signed a supplier agreement with AstraZeneca to develop a Parsortix-based androgen receptor (AR) detection assay for prostate cancer studies, valued at £550,000. The development will occur in ANGLE's UK labs, aiming for completion in Q1 2025. Success could highlight Parsortix's role in evaluating prostate cancer treatments and promise ongoing business for ANGLE in supporting clinical studies.
May 03, 2024 | 7:06 am
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POSITIVE IMPACT
ANGLE's agreement with AstraZeneca to develop a prostate cancer assay could enhance its revenue and market position, with project completion aimed for Q1 2025.
The agreement with AstraZeneca not only provides immediate revenue of £550,000 but also positions ANGLE's Parsortix system as a key player in prostate cancer therapeutics evaluation. Success in this project could lead to further collaborations and business opportunities, positively impacting ANGLE's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
AstraZeneca's collaboration with ANGLE to develop an AR detection assay for prostate cancer studies could enhance its R&D capabilities and offer long-term benefits.
AstraZeneca's investment in developing a new AR detection assay with ANGLE demonstrates its commitment to advancing prostate cancer treatment. This collaboration could yield significant R&D advancements and potential long-term benefits for AstraZeneca, positively influencing its stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70