e-Therapeutics - Antidepressant Trial Starts

e-Therapeutics Antidepressant Trial Starts e-Therapeutics has achieved another important milestone, commencing the phase 2b trial of its major depressive disorder targeting drug candidate ETS6103. On 23rd October, we detailed that we expect the phase 2b trial to commence in the next few weeks, so this news is in-line with our expectations. We keep our forecasts untouched on the back of this announcement. With both the company's leading drug candidates under development making good progress, we maintain our stance of buy with a target price of 84p. 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 84p Key data Share Price 29.50p 52 week high/low 36.00p / 24.75p Primary exchange AIM EPIC ETX Shares in issue 263.77 m Market Cap £77.81 m Sector Pharmaceuticals & Biotechnology Important: All disclaimer information can be found on the last page of the document

If you do not wish to receive such emails please use the following link to unsubscribe.

UK-Analyst.com is owned by t1ps.com Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA).

The share tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the share tips contained here should seek independent advice from a Financial Services Authority authorised Stockbroker or Financial Adviser. So, while we would not wish to reduce our liability under the FCA regulatory regime, we cannot otherwise be held liable if individuals suffer losses through following share tips contained on this site or emailed out as free share tips.

The value of investments can go down as well as up. The past is not necessarily a guide to future performance. Investing in shares can lose you part or all of your capital although the potential returns are theoretically unlimited.

The difference between the buy share price and the sell share price for smaller company shares (penny shares) can be significant. Profits from dealing in shares may be liable to tax - the level of tax and bases of relief from tax are subject to change. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Financial spread betting is a high risk investment, losses from which are potentially unlimited.

Some of the share tips on this site will be smaller company shares. By their nature such investments can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares (or 'small caps'/'penny shares'). UK-Analyst.com defines a smaller company share as any stock traded on AIM or ISDX or which has a market capitalisation of less than 300 million pounds.

The appearance of an advert does not mean that we endorse the advertiser's goods or services. While we will not knowingly run an advert that is untrue, T1ps.com is not responsible for the accuracy of any advertising material or the accuracy of the description of an advertised product or service anywhere on our websites. 

We do not recommend or endorse any vendor/trainer/product/service other than our own. It is up to each member to decide whether what an advertiser offers is right for you. We take every care to ensure that scams and spamming are not run on this website, but we recommend that any purchaser/service user take every precaution possible to satisfy themselves of the authenticity of any service/product purchased and responsibility for this lies solely with the purchaser.