The Last Paragraph says it all, very rarely do you have a Pharma Team that Blow their own Trumpet, but when you are the best in the world, doesn't hurt to remind INVESTORS.
By mutual agreement Proteomics International Laboratories Ltd and CPR may elect to undertake a secondary share swap of four million (4,000,000) PIQ shares against the provision of another 10% of CPR.
CPR is a privately owned, full service Contract Research Organisation (CRO) specialising in clinical services and laboratory testing in early phase clinical trials, with 80 highly skilled technical & operational staff across clinical, data management and laboratory services. CPR labs are FDA and EMA inspected with GLP and ISO 17025 accreditations.
As a CRO, it enjoys a close relationship with Phase I clinical trial sites across Australia, leading to a strong position in S-E Asia markets with biotech and small-mid sized pharma, as well as a clientele throughout Asia and the U.S. Based in Adelaide, CPR has been offering its highly regarded services for over 10 years, with a turnover of $15 million in FY2017.
About Companion Diagnostics (CDx)
The FDA describes a companion diagnostic as essential for the safe and effective use of a corresponding drug. Companion diagnostics can identify patients who are most likely to benefit from a particular therapeutic product or most likely to be at increased risk for serious side effects or monitor response to treatment with a purpose of adjusting treatment to achieve improved safety or effectiveness. Proteomics International will apply its proven Promarker discovery platform to this market.
About the Promarker(TM) technology platform
Proteomics International's diagnostics development is made possible by the company's proprietary Promarker(TM) biomarker discovery platform, which searches for protein fingerprints' in a sample. This disruptive technology can identify proteins that distinguish between people who have a disease and people who do not, using only a simple blood test. It is a powerful alternative to genetic testing. PromarkerD, the world's first predictive diagnostic test for diabetic kidney disease, is already developed and proven.
PIQ Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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