ProAxsis announces the approval of a key US patent
22nd October 2021
ProAxsis makes significant progress towards measuring bone health with a new innovation for patients at high risk of osteoporotic fractures
London, UK – 22 October 2021 – NetScientific plc (AIM: NSCI), the international life sciences and sustainability technology investment and commercialisation Group, announces that its wholly owned subsidiary ProAxsis Limited (“ProAxsis”) has received approval of a key US patent for the underlying technology associated with its brand-new K-POSTN Assay, which it intends to launch shortly.
This is a significant step towards measuring bone health with a new innovation for patients at high risk of osteoporotic fractures.
In partnership with the expert Bone Health team led by Professor Serge Ferrari at the University of Geneva, ProAxsis is creating a highly novel and patented bone-specific enzyme-linked immunoassay (ELISA) for the detection of serum K-POSTN, a fragment produced from the digestion of periostin (a type of protein that in humans is encoded by the POSTN gene) by cathepsin K which has localised activity in bone and has been shown to predict incident fractures independently of BMD and FRAX in post-menopausal women.
Dr David Ribeiro, CEO of ProAxsis commented: “The K-POSTN assay has the potential to help Healthcare Professionals screen, identify and/or monitor people most at risk of osteoporotic fractures and other bone diseases, thus enabling early therapeutic intervention which will decrease the burden on the health service and increase quality of life for the patient.
“Furthermore, for Researchers and Pharmaceutical Companies seeking to develop new treatments for osteoporosis, the K-POSTN assay will deliver specific and quantifiable outcome measurements due to the rapid response shown by biomarkers to both anabolic and anticatabolic drugs.”
John Clarkson, Chairman of NetScientific and ProAxsis, commented: “This is another significant step forward in the ProAxsis growth strategy roll-out; continuing the expansion of its product range, improving healthcare and progressing “the transatlantic bridge” into the US market and internationally.”
NetScientific holds 95% of ProAxsis on a fully diluted basis.
The full text of the announcement from ProAxsis is available online here: https://proaxsis.com/measuring-bone-health-kpostn-assay/
For more information, please contact:
| NetScientific | Via Walbrook PR |
| Ilian Iliev, CEO | |
| WH Ireland (NOMAD, Financial Adviser and Broker) | |
| Chris Fielding / Darshan Patel | +44 (0)20 7220 1666 |
| Walbrook PR | |
| Nick Rome/ Paul McManus/
Nicholas Johnson |
07748 325 236, 07980 541 893
or 07884 664 686 |