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Pin to quick picksBraveheart Inv Regulatory News (BRH)

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Further re Paraytec Limited

7 Jul 2020 07:00

RNS Number : 1848S
Braveheart Investment Group plc
07 July 2020
 

RNS Reach announcement (non-regulatory)

7 July 2020

 

 Braveheart Investment Group plc

("Braveheart" or the "Group")

Further re Paraytec Limited

Braveheart is pleased to provide an update concerning the development of a COVID-19 test that Paraytec Limited is conducting with the University of Sheffield.

WP1 Construction of a viral mimic

In order to avoid using live Coronavirus in the lab during proof of concept, an artificial version of the virus is used, the surface of which mimics the Covid-19 virus, by displaying the precise protein (SPIKE) on it that the virus uses to gain access to human cells.

Production of the artificial virus mimic involves five distinct stages - i) isolation of genetically engineered DNA that enables cells to synthesize SPIKE. ii) introduction of that DNA into cells growing in culture. iii) collection of the cell medium containing newly made proteins. iv) isolation of the SPIKE protein from all other proteins by chromatographic purification. v) bonding of the SPIKE protein to sub micron-sized polystyrene beads. Stages i-iv of this workpackage have been completed and purified SPIKE protein has been obtained.

 

In the next phase, the final construction stages of the viral mimic will be reported upon.

 

WP2 Development of CAPTURE system

 

The CAPTURE module comprises a system in which a specialised surface is coated with a macromolecule that binds the virus very tightly. Here the virus-binding molecule undergoing analysis is COVID-19 DNA aptamer that has been supplied to Paraytec. 

 

Single-stranded DNA molecules such as aptamers do not readily adhere to polymer test surfaces. In order to facilitate tight adherence, the protein avidin has been bonded to the test surfaces and a version of the aptamer has been built that is chemically linked to the small molecule biotin. It has been shown that the aptamer may be coated onto both polystyrene and polysaccharide (D-galactose and 3,6-anhydro-L-galactopyranose repeating units) surfaces.

 

The next phase of development and construction of the Capture module will be reported next month, on schedule for completion of the proof-of-concept element of the project in three months, prior to validation.

 

Professor Carl Smythe commented: "We believe that this is the first time an aptamer for COVID-19 has been successfully integrated into a micro fluidics-compatible test surface to enable low level virus particle detection. Over the next month, we will evaluate which of the modified surfaces described above have performance characteristics required, and then report on the final construction stages of the Capture system. Subsequently, we aim to demonstrate the ability of the Capture system to selectively retain virus proteins as the first stage in development of our test device"

 

Trevor Brown, CEO of Braveheart, observed: "Professor Smythe's innovative team, based in the Florey Building at the University of Sheffield, has already provided new insights into the application of high affinity macromolecules for the detection of pathogens such as COVID-19. This follows a long tradition of outstanding R&D in the biomedical sciences at Sheffield, pioneered by Baron Howard Florey, the first person to isolate penicillin."

 

For further information

Braveheart Investment Group plc

Trevor Brown, Chief Executive Officer

 

Tel: 01738 587555

 

About RNS Reach announcements

 

This is an RNS Reach announcement. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NRAMZGGNLVDGGZM
Date   Source Headline
16th Jul 20187:00 amRNSUpdate on fund management business
12th Jul 20187:00 amRNSProposed funding round by Paraytec Limited
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21st Jun 20185:16 pmRNSConfirmation of Posting
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18th Jun 20187:02 amRNSNotice of General Meeting
18th Jun 20187:00 amRNSFinal Results
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19th Oct 20177:00 amRNSHalf-year Report
13th Sep 20177:00 amRNSUpdate re. Portfolio investment
1st Sep 20177:00 amRNSRetirement of Director and Total Voting Rights
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2nd Aug 201612:08 pmRNSConditional disposal of interest-Investee Company
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13th Jul 20163:26 pmRNSDirectors' Dealings
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23rd Jun 20168:45 amRNSAnnual Results
3rd Mar 20167:00 amRNSChange of Nomad & Broker and Directorate Changes
15th Jan 20169:36 amRNSDirectors' Dealings
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15th Dec 20152:33 pmRNSCompletion of sale of interest in Biopta
27th Nov 20157:00 amRNSDisposal of interest in Investee Company
2nd Nov 20152:35 pmRNSHalf Yearly Report & Disposal
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3rd Sep 20157:00 amRNSDirector/PDMR Shareholding
2nd Sep 201512:30 pmRNSPosting of Results and Notice of AGM
24th Aug 20157:00 amRNSPreliminary Results and Board Changes
26th Jun 20152:20 pmRNSChange of address and registered office
6th May 20157:01 amRNSCompletion of restructuring and Directorate change
30th Apr 201511:21 amRNSBraveheart enters into partnership with Seedrs
30th Apr 20157:00 amRNSTermination of partnership
20th Apr 20157:00 amRNSDirectorate Change
23rd Dec 20147:00 amRNSRealisation of Investment
15th Dec 20147:00 amRNSHalf Yearly Report
4th Dec 20147:00 amRNSLondon Co-investment Fund partnership

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