London, UK, 6 December 2018

Edison issues update on e-Therapeutics (ETX)

e-Therapeutics (ETX) has announced an update on its collaboration with C4X Discovery (C4XD) on novel interventions in Parkinson's disease (PD). The PD collaboration started in May 2018 and combines the network-driven drug discovery (NDD) platform at ETX with the genetic information from C4XD's platform. This has already resulted in a number of avenues for novel drug target generation in PD.

Our valuation included the median upfront value of a preclinical immunoncology transaction plus ETX's market capitalisation. The latter represents a market valuation of ETX's NDD platform, and the former represents the value of only one of two potential preclinical licensing transactions. Our valuation remains at £63.5m or 24p per share.

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