Proteome Sciences (PRM)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 3.60p
   
  • Change Today:
      0.000p
  • 52 Week High: 8.50p
  • 52 Week Low: 2.97p
  • Currency: UK Pounds
  • Shares Issued: 295.18m
  • Volume: 35,000
  • Market Cap: £10.63m
  • RiskGrade: 353

Proteome rockets on Alzheimer's blood test

Date: Wednesday 28 Mar 2012

LONDON (ShareCast) - Pharma group Proteome Sciences has had a strong morning on the markets after announcing success in its project to develop better diagnostic tools for Alzheimer’s disease.

A study of 1,000 patients has shown three distinct “biomarkers” in people’s blood which can discriminate between mild “cognitive impairment” (a syndrome often preceding Alzheimer's), Alzheimer’s itself and control groups who do not have the condition.

Proteome Sciences is filing patents for the “panels” in the blood that contain the biomarkers.

It is estimated that 60% of people with Alzheimer’s disease have not been properly diagnosed and therefore are not being given the correct drugs and care.

The capability to distinguish between different levels of the disease will enable drug developers to improve patient care and people with mild symptoms are likely to benefit the most from new disease-modifying drugs.

The key is that Proteome may be able to develop a simple blood test to determine progression of Alzheimer’s as opposed to the current diagnostic methods of invasive lumbar punctures or expensive MRI scans.

Presenting the data at a conference in Melbourne, Australia, Professor Simon Lovestone, who has worked with Proteome for the National Institute for Health Research said: "As new treatments for Alzheimer's disease are being developed, there is an increasing need for accurate and accessible markers of disease severity and progression. We will move quickly to support the development of clinical tests based on these biomarker panels."

Shares in Proteome had risen 8.85% by 11:08.

BS

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PRM Market Data

Currency UK Pounds
Share Price 3.60p
Change Today 0.000p
% Change 0.00 %
52 Week High 8.50p
52 Week Low 2.97p
Volume 35,000
Shares Issued 295.18m
Market Cap £10.63m
RiskGrade 353

PRM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.34% below the market average15.34% below the market average15.34% below the market average15.34% below the market average15.34% below the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average
Price Trend
53.79% below the market average53.79% below the market average53.79% below the market average53.79% below the market average53.79% below the market average
9.43% above the sector average9.43% above the sector average9.43% above the sector average9.43% above the sector average9.43% above the sector average
Income Not Available
Growth
45.86% above the market average45.86% above the market average45.86% above the market average45.86% above the market average45.86% above the market average
76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average

PRM Dividends

No dividends found

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Time Volume / Share Price
08:45 35,000 @ 3.54p

PRM Key Personnel

CFO Abdelghani Omari

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