@Owl vs Fox - Thanks mate, I track my bigger positions quite rigorously as I am more a fundamental analysis type of investor. Charts & technical analysis just confuse me and make me anxious!
I had backtracked through a couple of years worth of PIQ ASX announcements & jotted down my notes from each.
Happy to share here with fellow holders, unfortunately the links wont work because the host website (marketindex.com) does now allow redirects from HotCopper for some unknown reason. However you can simply use the ASX date reference to refer to the original announcement.
Column 1 Column 2 Column 3 0 Date ASX Announcement Announcement Details 1 20/10/16 Proteomics applies Promarker platform to gastro-causing parasite Promarker platform successfully detects biomarkers of Giardia gasto parasite
Next stage to asses commercial viability of the detection test.2 11/11/16 PromarkerD test kit production deal signed Signs contract with Monash Anti-body tech facility which will produce antibodies to recognise the fingerprints required for the PromarkerD test. 3 15/11/16 Proteomics and Linear offer end-to-end testing and clinical trials Partnership deal with Liner Clinical Research to offer combined advanced Analytical testing.
PILL will test patient response to drugs during clinical trials analyzing blood samples to determine how long a drug stays in a person system, it will become one of only 3 companies to provide the specialist testing in Australia.4 02/12/16 $1.44 million Placement and offers Share Purchase Plan $1.44 million from sophisticated investors.
$480k from share purchase plan.
Placement was priced at .24 per share.5 15/15/16 PromarkerD shows improved predictive ability and robustness Further analysis of the original 4 year clinical study data has confirmed 10% of patients experienced a rapid decline in their kidney function when measured according to a variety of definitions of kidney function decline refinement of the algorithm has enabled 61-97% or 84% on average of these people to be predicted up to 4 years in advance. 6 19/12/16 Diabetic Kidney Disease patent granted in Russia The Russian Federation has the fifth largest number of adults with diabetes approximately 16.5 million. 7 08/02/17 PromarkerD diabetic kidney disease diagnostic test validated by EU peer-reviewed scientific journal The study has been published in the peer-reviewed scientific journal EuPA Open Proteomics, the official journal of the European Proteomics Association (EuPA). 8 21/03/17 Roll out in Asia with China and Singapore patents and commercialisation partners Deals to advance for the commercialization of PromarkerD in Singapore and China with commercialization partners. 9 04/04/17 PromarkerD Update PromarkerD rated the world's leading diagnostic test for diabetic kidney disease by global market research firm Frost & Sullivan
First licensing income received Key patents secured and extended Clinical laboratory prototype manufacture on target for mid-2017.
- First commercial sales are targeted for the end of 2017
- Validation study completed - announcement of results pending publication of the prior predictive development study.
- Development study shows PromarkerD correctly predicts 95% of otherwise healthy diabetics who will develop chronic kidney disease.
- Discussions continue with prospective diagnostic companies in the USA, China, Europe, Australia and Japan to secure licences for the commercialisation of PromarkerD
10 09/05/17 Proteomics International becomes world’s most accredited protein testing laboratory, launches pharmacokinetic and companion diagnostic testing for clinical trials PILL Becomes the most accredited protein testing company in the world with the award of ISO 17025 Research & Development certification. It is comparable to the standard adhered to by forensic laboratories to ensure tests on evidence
from crime scenes is able to stand up to interrogation in court, and is the most widely used accreditation standard by US federal testing laboratories.11 13/05/17 Clinical validation study confirms PromarkerD can predict diabetic kidney disease better than any current measure In the 4 year perspective study the 3 protein markup blood tests predicted 86% of previously disease-free patients who went on to develop chronic kidney disease. In comparison to the development study the results from the larger validation study showed slightly lower levels of predictive ability. However achieved a 10% improvement in levels of false positives. 12 14/06/17 Proteomics International wins major analytical services contract in new biosimilars area PILL signs long-term agreement (12months) with BiosanaPharma to test a new asthma drug.
Agreement is PILL’s largest biosimilars contract to date with a value in excess of $200,000.13 16/08/17 US PromarkerD patent expanded to all kidney disease Existing US patent was restricted to diabetic kidney disease only. However the broader patent will now provide protection for the use of the PromarkerD panel for all nephropathy. 14 31/08/17 Annual Report Nothing new mentioned 15 10/10/17 PIQ Receives $800,000 in R&D tax incentive The Federal R&D tax incentive encourages companies engaging in beneficial research to Australia by providing a cash rebate of 43.5% for qualifying activities 16 04/12/17 Partnership with Busselton Health Study to target lung disease Research agreement targeting improved diagnosis and treatment of lung conditions such as asthma and COPD (Chronic obstructive pulmonary disease)
Preliminary results due in 6-9months17 14/12/17 Dimerix and Proteomics partner to improve treatment of Chronic Kidney Disease Dimerix has completed a Phase2a clinical trail of DMX-200 (a therapeutic program for chronic kidney disease).
PromarkerD test will be used to explore the response of healthy volunteers to the DMX-200 program.
If successful Dimierix will have the option to licence PromarkerD for on-going use as a Companion Diagnostic test.18 29/01/18 Diabetic kidney disease patent granted in Japan 7.2m adults are diabetic in Japan 19 02/02/18 CPR Investment & Partnership (10% acquisition) CPR Pharma Services privately owned clinical services laboratory. ($15m turnover in FY17)
4M PIQ shares sold at 30day VWAP with 12month escrow. ($0.3045 per share)
Partnership will:
-Boost client reach
-Enhances competitive position in the clinical services market20 07/03/18 PromarkerD launches in Dominican Republic The test is being provided using the published mass spectrometry technology platform, known as a Laboratory Developed Test (LDT), and the Company expects to conclude its next licensing deal for this version of PromarkerD with a certified laboratory within weeks. Following uptake by specialised facilities, Proteomics International is focused on finalising the development of the in vitro diagnostic (IVD) immunoassay version of PromarkerD, that can be used in clinical laboratories around the world.
$1.5M in royalties over 9years ($166k pa)21 14/03/18 PIQ Options to raise $3.4M Alto Capital will underwrite $2m of any shares
Directors will raise $1m22 06/04/18 PIQ Options exercised raises $3.1M Alto Capital underwrote $341,808 bringing total to $3.4M 23 19/04/18 PromarkerD Europe Patent granted 60 million diabetics
Major European countries - Britain, Germany, Italy, France, Spain , Turkey24 28/05/18 PromarkerD United States Commercial Deal Announced Signed PrismHealthDx, Inc. (PHDx) to develop and commercialize PromarkerD in the US market.
Confidential deal with no revenue figures provided
PIQ will receive royalty payments from every test kit (LDT kit)
First sales anticipated within 4 - 6months25 18/06/18 PromarkerD Mexico Commercial Deal Announced Signed Patia BioPharma to commercialize PromarkerD to the Mexican market
PIQ will receive royalty payments from every test kit (LDT kit)
Confidential deal with no revenue figures provided
Initially introduced to private hospitals and then expanded to government hospitals
First sales anticipated within 4 - 6months26 17/07/18 Major Contract Secured $260k USD analytics contract secured with BiosanaPharma, biosimilar testing for allergic asthma
Note this is the same firm that earlier gave PIQ a $200k analysis contract back in June 2017, this updated contract appears to be a renewal/extension of the original contract.
Cheers, here's to 30c next week.
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