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Proteome Sciences reports progress against Alzheimer's target



Biomarker specialist Proteome Sciences (LON:PRM) said today compounds indentified for use against Alzheimer’s disease had been tested in cells and had shown strong activity.

Proteome added it believes the results will considerably increase the value of the CK1δ programme. CK1δ is the candidate drug target for the Alzheimer's disease compounds.

The firm will now further refine the new compounds and to move to an 'in-vivo' model system to complete lead optimisation in mid 2012.

A study of 1,000 Alzheimer’s patients being conducted in association with King's College London is in its final phases but has taken longer than expected with completion now expected in the first quarter of 2012.

Christopher Pearce, chief executive, said: “With the rapid growth projected in the number of assays and services available in 2012, our biomarker activities look most encouraging and we expect to see this represented by further licenses, contracts and revenues which will provide a better reflection of the considerable value established in and around our proprietary IP.”

Elsewhere, Proteome said heads of terms for a licence for stroke biomarkers are to be signed shortly with the licence due for completion in the first quarter of 2012.

At the recent Sens-it-iv Congress in Brussels that marked the end of the EU FP6 grant, Proteome said it demonstrated significant progress towards the goal of replacing animal testing for key allergens coming into contact with the skin or the respiratory system and had submitted further grant applications to the EU.


Quick facts: Proteome Sciences PLC

Price: 3.46 GBX

Market: AIM
Market Cap: £10.21 m

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