CLEO Diagnostics kicks off IP transfer for ovarian cancer blood tests to US manufacturers

The Market Herald
03-18

CLEO Diagnostics (ASX:COV), a company developing a simple blood test for ovarian cancer for use in surgical triage, has commenced the “technology transfer” process to a U.S.-based manufacturing partner ahead of commercialisation.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

In the background, it’s receiving advisory assistance from U.S.-based R&D Systems Inc, an immunoassay technology giant part of the Bio-Techne Group eventually responsible for mass producing the antibodies Cleo’s tech relies on. That is to whom technology transfer has begun.

The larger manufacturer in question won’t be R&D Systems – they’ll just be handling antibodies and a prototype.

The actual manufacturer wasn’t named by Cleo on Monday because it hasn’t yet been selected, but there are multiple candidates described as FDA-registered.

In between the lines, it sounds like the ‘technology transfer’ is in the very early stages and Cleo mightn’t know who it’s going with just yet.

“Final negotiations are underway with selected FDA-registered CMO’s ahead of transition to large-scale manufacturing,” Cleo wrote in a release on Monday.

It’s likely that R&D Systems will have a say.

While the company is only developing ‘prototype kits’ ahead of a full-blown manufacturing run, all cards in order, the company may have partners in mind.

“The partnership with R&D Systems ensures the successful progression of commercial prototype development and supports CLEO’s transition to large-scale manufacturing,” Cleo wrote.

“Following successful testing, CLEO’s selected [manufacturer] will assist in scaling production capability, in addition to verification and validation activities.”

More market news

Together: The U.S. has suspended aid to Ukraine. Will Europe step into the breach?

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

By teaming up with US entities with US regulatory know-how, Cleo is farming data for its larger overhead strategy – a path to eventual FDA approval.

COV last traded at 47cps.

Join the discussion: See what HotCopper users are saying about CLEO Diagnostics and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10