e-Therapeutics - Encouraging Developments

e-Therapeutics Encouraging Developments e-Therapeutics has announced full-year results which are in-line with our expectations. The drug discovery and development company has made some encouraging developments, particularly with its cancer drug ETS2101, with an oesophageal cancer patient experiencing a partial response. With its drug candidates targeting areas of high unmet needs and its intellectual property putting it in a position of strength, our stance firmly remains buy. Click to Download Full Report Table: Financial overview Year to 31st Jan 2012A 2013A 2014E 2015E Revenue (£000) 0 0 0 0 PBT (£000) (3,863) (5,024) (8,311) (10,343) EPS (p) (2.5) (3.0) (2.9) (3.3) Dividend (p) 0.0 0.0 0.0 0.0 Source: GECR and company Buy Target price 99p Key data Share Price 35.50p 52 week high/low 40.50p / 24.75p Primary exchange AIM EPIC ETX Shares in issue 263.58m Market Cap £93.57m Sector Pharmaceuticals & Biotechnology Important: All disclaimer information can be found on the last page of the document

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