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NetScientific celebrates CE mark breakthrough for its ProAxsis unit

"This is a very proud day for everyone at ProAxsis," said Dr David Ribeiro, CEO of ProAxsis
Chronic obstructive pulmonary disease
Neutrophil elastase is a well-recognised biomarker of lung inflammation

NetScientific PLC (LON:NSCI) said ProAxsis, its medical diagnostics company, has successfully registered a CE Mark for its novel ProteaseTag Active Neutrophil Elastase Immunoassay.

The healthcare intellectual property commercialisation group said the breakthrough will enable its Northern Ireland-based portfolio company to proceed to the commercialisation stage of its biochemical test in the European Union.

“We are delighted that ProAxsis has achieved a significant milestone in successfully CE marking its novel ProteaseTag Active Neutrophil Elastase Immunoassay for chronic respiratory diseases. This will help accelerate its commercialisation in the COPD and Cystic Fibrosis markets,” said François Martelet, chairman of ProAxsis and chief executive officer of NetScientific.

"ProAxsis is now able to sell its immunoassay in the 28 member states of the European Union, as well as Switzerland, Turkey, Iceland, Norway and Liechtenstein. Achieving CE Mark for its immunoassay demonstrates the company's clear commitment to delivering first-class quality products to physicians and their patients who suffer from chronic respiratory diseases," Martelet said.

Dr David Ribeiro, chief executive officer of ProAxsis, said the company had already had enquiries from a number of pharmaceutical companies concerning the commercial use of the immunoassay in their upcoming clinical trials.

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