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Proteome Sciences Stands to Receive $2.3M For Exclusively Licensing its TMT Proteomic Tech

NEW YORK, April 1 (GenomeWeb News) - Proteome Sciences has exclusively licensed its Tandem Mass Tags to an undisclosed "major global healthcare player," the company said today.


Proteome Sciences stands to receive $2.3 million from the healthcare company. That sum includes milestone patent payments and a signing fee, together with double-digit royalties on sales.


StephanHamill, an analyst at Clear Capital, said the healthcare company was likely to be GE Healthcare, Applied Biosystems, or Beckman Coulter.


According to Proteome Sciences, the TMT chemical mass tags increase the output of proteomics experiments by reducing sample complexity. Combined with mass spectrometry and bioinformatics, the technology allows for more accurate and sensitive quantification and identification of protein biomarkers in complex biological materials such as tissue or body fluids.


Proteome Sciences also announced today a collaboration with ReGen Therapeutics for the characterization of Colostrinin, a proline-rich polypeptide complex derived from cows which ReGen is developing as a human and veterinary nutraceutical.


Proteome Sciences will apply its proprietary ProteoSHOP proteomic technologies to the biochemical characterization and activity profiling of Colostrinin.

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