Edison Investment Research - Proteome Sciences PLC (PRM) Update: Data-driven progress

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Edison Investment Research

Update: Data-driven progress

Proteome Sciences signed its first major biomarker service contract in September. This followed on from the data from the 1,148-patient Alzheimerâ€™s disease (AD) study, which could lead to a blood-based AD diagnostic test being developed. Data published this year on the SysQuant assay highlighted its potential as a drug development and diagnostic tool. These data are expected to lead to more service contracts and licensing agreements in the medium to long term. We therefore raise our valuation to Â£194m, although in the short term we are lowering our estimates as it has taken longer than anticipated to sign major service contracts.

17/11/2014 8 EN

Underlying

Proteome Sciences PLC

Proteome Sciences is a provider of contract research services for identification, validation and application of protein biomarkers. Co.'s clients are mainly pharmaceutical companies but it also performs services for other sectors including academic research. SysQuant® and TMTcalibrator™ are Co.'s two main service products. As a provider of applied proteomics and workflows, Co. uses techniques to detect and characterize differentially expressed proteins in diseases for diagnostic, prognostic and therapeutic applications. PS Biomarker Services® provides integrated proteomic services for biomarker discovery, validation and assay development for use in clinical trials and in vitro diagnostics.

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GB0003104196 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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