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News and Announcements

Proteomics International Laboratories Signs Largest Analytics Contract to Date & Becomes the World’s Most Accredited Protein Testing Lab

  • Published August 11, 2017 12:00AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

Medical technology company Proteomics International Laboratories Ltd (ASX: PIQ) is pleased to provide the following update on its business activities for the three-month period to 30 June 2017.

KEY TAKEAWAYS:

  • Validation study confirms PromarkerD can predict diabetic kidney disease better than any current measure.
  • Results of the validation study were presented to world’s largest gathering of diabetes experts at the American Diabetes Association’s 77th Annual Scientific Sessions.
  • New potential income stream through analytical services for clinical trials.
  • Proteomics International became the world’s most accredited protein testing laboratory, and launched pharmacokinetic and companion diagnostic testing for clinical trials.
  • Largest analytics contract to date (worth A$200,000) was signed, and year on year income growth is 28%. PIQ is aiming for its operations to be cashflow break even by the end of the 2017/18 financial year.

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