Proteome Sciences (PRM)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 3.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 8.50
  • 52 Week Low: 2.97
  • Currency: UK Pounds
  • Shares Issued: 295.18m
  • Volume: 2,911
  • Market Cap: £10.33m
  • RiskGrade: 353

Proteome reaches milestone in launch of proteomics service

By Josh White

Date: Wednesday 03 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Proteome Sciences has completed its next milestone towards the launch of 'single cell proteomics' services, it announced on Wednesday, dubbed 'SysQuant SCP'.
The AIM-traded firm said it had installed a 'cellenONE' platform to allow the semi-automated preparation of up to 2,700 cells per week.

It expected that most commercial projects would require analysis of between 500 and 1,000 cells using 'TMTpro' multiplexing, meaning it would now be able to perform one or two such studies each week.

Working with such small samples was described by Proteome as "challenging", and beyond the means of many academic and industrial research groups.

The company said it believed its employees' experience as inventors and manufacturers of TMT and TMTpro reagents gave it "unique insights" into their use in such a "complex" setting.

Following initial experiments, the firm said it expected coverage of between 1,000 and 1,500 proteins per cell.

It said it was anticipating completion of the platform and process validation in the third quarter, and to then launch the dedicated multiplex SysQuant SCP services before the end of the year.

That would complement the expansion of its mass spectrometer platforms late last year, and would establish Proteome Sciences as "the premier provider" of single cell proteomics, the board said.

"It is clear that the demand for a standardised service is growing rapidly," said chief scientific officer Ian Pike.

"The use of TMTpro reagents is greatly enhancing coverage in studies of hundreds of individual cells and provides the throughput necessary for large studies needed in pharmaceutical research.

"By isolating and labelling each cell with TMTpro tags and then mixing to make a more concentrated sample on the cellenONE platform, we can explore the true diversity of functional biology in every disease, with the potential to identify new drug targets and diagnostic biomarkers."

Dr Pike said the system provided the level of throughput required for Proteome's initial plans to launch a SysQuant SCP service, and would be scalable to rapidly increase capacity amid a growing market opportunity.

"This is a major step in the process and we have further exciting developments for single cell proteomics planned for the future."

At 1051 BST, shares in Proteome Sciences were uo 12.59% at 4.17p.

Reporting by Josh White at Sharecast.com.

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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 3.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 8.50
52 Week Low 2.97
Volume 2,911
Shares Issued 295.18m
Market Cap £10.33m
RiskGrade 353

PRM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.63% below the market average14.63% below the market average14.63% below the market average14.63% below the market average14.63% 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
56.22% below the market average56.22% below the market average56.22% below the market average56.22% below the market average56.22% below the market average
7.41% above the sector average7.41% above the sector average7.41% above the sector average7.41% above the sector average7.41% above the sector average
Income Not Available
Growth
45.57% above the market average45.57% above the market average45.57% above the market average45.57% above the market average45.57% 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

Trades for 21-May-2024

Time Volume / Share Price
08:36 2,694 @ 3.59p
08:21 187 @ 3.14p
08:00 30 @ 3.02p

PRM Key Personnel

CFO Abdelghani Omari

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