NetScientific PLC ProAxsis Reports First NEATstik Sale (9155E)
15 Fevereiro 2018 - 5:01AM
UK Regulatory
TIDMNSCI
RNS Number : 9155E
NetScientific PLC
15 February 2018
NetScientific plc
("NetScientific" or the "Company" or the "Group")
ProAxsis reaches the commercialisation stage of its technology
by reporting its first NEATstik sale
London, UK - February 15(th) 2018 - NetScientific plc
("NetScientific", AIM:NSCI), the transatlantic healthcare IP
commercialisation group, provides an update on its portfolio
company ProAxsis, which today announces its first sale of
NEATstik(R), the company's point-of-care test for measuring
neutrophil elastase, to a research laboratory conducting a
respiratory clinical trial for a pharmaceutical company.
NEATstik(R) was registered with a CE Mark in the second half of
2017 and utilises the company's proprietary ProteaseTag(R)
technology to allow the rapid, qualitative measurement of the
active form of neutrophil elastase, an established biomarker of
lung infection and inflammation.
Commenting on the news, Francois Martelet, Chief Executive
Officer of NetScientific and Chairman of ProAxsis, said: "We are
very pleased to note the first sale of the NEATstik(R), which
represents a significant milestone for ProAxsis as it begins to
commercialize. We are also very pleased with the sales performance
of the Neutrophil Elastase Immunoassay (NEIA) product, targeted at
the research market, where we believe ProAxsis maintains a
competitive advantage through its ProteaseTag(R) technology. We
continue to expect ProAxsis will be able to generate over GBP1m in
revenue for 2018."
NetScientific holds a 57% stake on a fully diluted basis in
ProAxsis.
The full text of the announcement from ProAxsis can be found
below.
# # #
For more information, please contact:
NetScientific Tel: +44 (0)20 3514 1800
François R. Martelet,
M.D., CEO
Ian Postlethwaite,
CFO
Consilium Strategic
Communications Tel: +44 (0)20 3709 5700
Mary-Jane Elliott / netscientific@consilium-comms.com
Jessica Hodgson /
Chris Welsh / Laura
Thornton
Stifel Nicolaus Europe Tel: +44 (0) 20 7710 7600
Limited (NOMAD and Broker)
Jonathan Senior / David
Arch / Ben Maddison
ProAxsis reports first NEATstik(R) sale
Date: February 15th, 2018
Following on from the commercialisation update provided in
November, ProAxsis is pleased to report the first sale of
NEATstik(R), the company's novel sputum-based point-of-care test,
to a research laboratory conducting an ongoing respiratory clinical
trial for a pharmaceutical company. NEATstik(R) was registered with
a CE Mark in the second half of 2017 and utilises the company's
proprietary ProteaseTag(R) technology to allow the rapid,
qualitative measurement of the active form of neutrophil elastase,
an established biomarker of lung infection and inflammation.
Dr David Ribeiro, CEO of ProAxsis, commented: "The first sale of
our innovative point-of-care test, NEATstik(R), is another notable
milestone for the company, as we expand our portfolio of
commercialised products. This, combined with a strong sales
performance for the company's ProteaseTag(R) Active Neutrophil
Elastase Immunoassay in January, represents a very positive start
to the year for the company's commercial aspirations in 2018."
About NetScientific
NetScientific is a transatlantic healthcare technology group
with an investment strategy focused on sourcing, funding and
commercialising technologies that significantly improve the health
and well-being of people with chronic diseases. For more
information, please visit the website at www.netscientific.net
About ProAxsis Limited
ProAxsis is developing a range of products for the capture,
detection and measurement of active protease biomarkers of
diseases. Its first immunoassay measures active neutrophil
elastase, a leading indicator of infection and inflammation in
patients with Cystic Fibrosis (CF), Chronic Obstructive Pulmonary
Disease (COPD) and bronchiectasis, and an important drug target. A
rapid point-of-care test for measuring neutrophil elastase, called
NEATstik(R), was registered with a CE Mark in September 2017. The
laboratory-based immunoassays and point-of-care tests being
developed by ProAxsis incorporate patented ProteaseTags(R); smart
molecules which trap an active protease within a complex biological
sample and enable a visual readout of its presence. ProteaseTags(R)
provide a unique tool to identify and quantify active protease
biomarkers and will assist in the clinical validation of new
therapeutics.
ProAxsis is part of the NetScientific Group and is one of the
Group's core portfolio companies. The company is also supported by
QUBIS, the commercialisation arm of Queens University. To find out
how ProAxsis can support the measurement of active protease
biomarkers of disease, or for any further queries, please contact
info@proaxsis.com
This information is provided by RNS
The company news service from the London Stock Exchange
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