Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksProteome Share News (PRM)

Share Price Information for Proteome (PRM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.74
Bid: 3.20
Ask: 4.00
Change: 0.01 (0.27%)
Spread: 0.80 (25.00%)
Open: 3.50
High: 3.74
Low: 3.50
Prev. Close: 3.73
PRM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Proteome reaches milestone in launch of proteomics service

Wed, 03rd Aug 2022 15:33

(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.

More News
2 Apr 2019 11:20

Proteome Sciences Annual Loss Narrows But Misses Expectations

LONDON (Alliance News) - Proteome Sciences PLC on Tuesday reported a narrowed annual loss, lagging behind the company's expectations.Proteome Sciences shares were trading down 18% at a

Read more
23 Jan 2019 11:14

Proteome Sciences Expects Narrowed Annual Loss On Lower Expenses

LONDON (Alliance News) - Proteome Sciences PLC on Wednesday said it expects to post a narrowed loss for 2018 due to an ongoing cost savings programme and despite revenue taking a hit from weak in

Read more
23 Nov 2018 13:50

DIRECTOR DEALINGS: Proteome Sciences Non-Exec Director Buys Shares

LONDON (Alliance News) - Proteome Sciences PLC on Friday said Non-Executive Director Martin Diggle purchased shares in the biomarker research company following a transaction on acquired 500,000 at

Read more
6 Nov 2018 10:43

WINNERS & LOSERS SUMMARY: IWG Rises After Strong Third Quarter

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------Associated up

Read more
6 Nov 2018 09:46

Proteome Sciences Shares Hit As It Expects Operating Loss Like In 2017

LONDON (Alliance News) - Proteome Sciences PLC said Tuesday it expects an operating loss "similar to 2017" in 2018, as the firm's overall performance remains behind shares were down

Read more
12 Sep 2018 17:37

DIRECTOR DEALINGS: Proteome Non-Executive Director Buys Shares

LONDON (Alliance News) - Drug development company Proteome Sciences PLC said Non-Executive Director Martin Diggle purchased 601,582 shares at a price of 3.60 pence per share on this GBP21,657 now

Read more
7 Sep 2018 16:40

DIRECTOR DEALINGS: Proteome Sciences Non-Exec Director Buys Shares

LONDON (Alliance News) - Biopharmaceutical research firm Proteome Sciences PLC said Friday Non-Executive Director Martin Diggle purchased 469,866 shares at a price of 3.60 pence each on acquired a

Read more
14 Aug 2018 17:58

DIRECTOR DEALINGS: Proteome Sciences non-Exec Director Acquires Shares

LONDON (Alliance News) - Proteome Sciences PLC on Tuesday said Non-Executive Director Martin Diggle purchased shares in the science research company.In a transaction on Monday, Diggle at a

Read more
9 Aug 2018 14:50

DIRECTOR DEALINGS: Fund Linked To Proteome Director Buys Shares

LONDON (Alliance News) - Proteome Sciences said Thursday that Vulpes Life Sciences Fund purchased 1.4 million shares in the company on Tuesday at 3.50 pence each.Vulpes now has a 19.6% in a

Read more
2 Aug 2018 18:15

DIRECTOR DEALINGS: Proteome Non-Exec Director's Fund Buys Shares

LONDON (Alliance News) - Proteome Science PLC said Thursday that Vulpes Life Sciences Fund, a firm related to a non-executive director Martin Diggle, has bought shares in the company.Diggle

Read more
31 Jul 2018 17:45

DIRECTOR DEALINGS: Fund Linked To Proteome Non-Exec Buys Shares

LONDON (Alliance News) - Proteome Sciences PLC said on Tuesday Vulpes Life Sciences Fund bought shares in the company on Friday.Proteome Non-Executive Martin Diggle is also a director of at

Read more
27 Jul 2018 12:52

Vulpes Buys Proteome Sciences Shares, Raising Joint Director Interest (ALLISS)

LONDON (Alliance News) - Pharmeceutical company Proteome Sciences PLC said Friday that Vulpes Life Sciences Fund purchased 171,000 shares at a price of 2.85 pence per share on in Proteome were up

Read more
24 Jul 2018 10:45

Proteome Shares Drop On Half-Year Performance Behind Expectations

LONDON (Alliance News) - Shares in Proteome Sciences PLC tumbled on Tuesday as the company reported half-year performance "behind expectations".Shares were trading down 11% at for

Read more
24 Jul 2018 08:04

Proteome punished as sales fail to perk up

(Sharecast News) - Proteome Sciences trimmed losses in the first half as the protein biomarker specialist cut costs and revenues stalled.

Read more
30 May 2018 14:58

Proteome Sciences Meeting Expectations Despite Slow First Quarter

LONDON (Alliance News) - Proteome Sciences PLC Chief Executive Officer Jeremy Haigh said Wednesday at the company's annual general meeting trading in the year-to-date has been in line despite

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.