RNS Number : 1842L

Proteome Sciences PLC

12 May 2022

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulations. With the publication of this announcement, this information is now considered to be in the public domain.

12 May 2022

Proteome Sciences plc

("Proteome Sciences" or the "Company")

Substantial contract win for Proteome Sciences

London, 12 May, 2022. Proteome Sciences is pleased to announce that the Company has secured a contract from a major US academic group to evaluate changes on the proteome and phospho-proteome of tissue and blood samples taken from persons with and without a neurodegenerative disease. The contract value is in excess of GBP0.5m and we expect the study to be completed this year.

Commenting on the contract, Richard Dennis, Chief Commercial Officer of Proteome Sciences said:

"We are pleased that the SysQuant workflows that we offer has been selected by our client to quantitate the proteomic/phosphoproteomic changes in these research samples. By using the TMTpro Ô reagents we are able to analyse 17 samples and one reference in one mass spectrometry experiment, so are able to deliver data from this large sample set in a timely manner and still be able to better quantitate smaller proteomic differences."

- Ends -

For further information:

 Proteome Sciences plc 
 Richard Dennis, Chief Commercial        Tel: +44 (0)20 7043 2116 
  Dr Mariola Soehngen, Chief Executive 
  Dr Ian Pike, Chief Scientific 
 Allenby Capital Limited (AIM Nominated Adviser & Broker) 
 John Depasquale/ Jeremy Porter Tel: +44 (0)20 3328 5656 

About Proteome Sciences plc. ( www.proteomics.com )

Proteome Sciences plc is a specialist provider of contract proteomics services to enable drug discovery, development and biomarker identification, and employs proprietary workflows for the optimum analysis of tissues, cells and body fluids. SysQuant(R) and TMT(R)MS2 are unbiased methods for identifying and contextualising new targets and defining mechanisms of biological activity, while analysis using Super-Depletion and TMTcalibrator(TM) provides access to over 8,500 circulating plasma proteins for the discovery of disease-related biomarkers. Targeted assay development using mass spectrometry delivers high sensitivity, interference-free biomarker analyses in situations where standard ELISA assays are not available.

The Company has its headquarters in London, UK, with laboratory facilities in Frankfurt, Germany.

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(END) Dow Jones Newswires

May 12, 2022 02:01 ET (06:01 GMT)

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