Phylogica Ltd, a leading Australian drug discovery company, announced today that it has received the 2011 Asia Pacific Frost & Sullivan New Product Innovation Award for Peptide Screening Technologies for its Phylomer platform. This prestigious award underscores Phylogicas leadership in realising the untapped potential of natures vast biodiversity to discover novel peptide-based drugs.
Frost & Sullivan is a global growth consulting company and it presents these awards to companies demonstrating measured excellence and technological advancement within their field across a variety of regional and global markets.
In bestowing this award to Phylogica, Frost & Sullivan highlighted the Companys expertise in peptide screening and also the uniqueness of its Phylomer peptide libraries. These libraries compromise billions of natural peptides derived from an evolutionary diverse range of microbial genomes. Phylogica has integrated its Phylomer libraries with a suite of high-throughput screening technologies to create an efficient drug discovery platform based on the worlds most structurally diverse peptide libraries.
Phylogicas Chief Executive Officer, Dr Paul Watt, said: "We are proud to have received this award from Frost & Sullivan, which is further acknowledgment that our Phylomer platform is at the forefront of peptide drug discovery. Phylogica is gaining increasing recognition within the pharmaceutical industry as a valued collaborative partner with world-class technology. There is growing interest in peptide therapeutics for the treatment of a wide range of diseases and we are well positioned to take advantage of these market dynamics to accelerate our growth.
About Frost & Sullivan Awards Frost & Sullivan analysts conduct a rigorous selection methodology unmatched by any other firm, utilising its proprietary methodology to determine criteria for both the award and The award recipient. The first phase of its research process focuses on key industry challenges. Once these are determined, it is then possible to identify applicable measurements that address the challenges. The next phase, market research, is based on in-depth interviews with vendors, suppliers, and customers. One key criterion for the award is how well the company addressed each industry challenge.
About Frost & Sullivan Frost & Sullivan is a global growth consulting company that partners with clients to support the development of innovative growth strategies. For more than 45 years, the company has leveraged its comprehensive market expertise to offer industry research and market strategies, provide growth consulting and corporate training, and support clients to help grow their businesses, including Global 1000 companies, emerging businesses and the investment community from more than 40 offices and 1,800 analysts
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