PROTEOME SCIENCES plc
Notice of Allowance of TMT1 Patent in Canada
8 May 2007. Proteome Sciences plc ("Proteome Sciences") is pleased to announce
that it has received the Notice of Allowance for Canadian Patent Application
No. 2,403,114 entitled "Mass Markers" dated 13th April, 2007 ("TMT1"). TMT1 is
the first patent filed describing isobaric mass tags and is part of a series of
patents including TMT2 in Canada that was granted on 21st November, 2006. TMT1
has established a broad set of claims controlling the field of isobaric tandem
mass tagging (Tandem Mass Tags® and TMT®) whilst TMT2 relates to more specific
isobaric mass tag structures and various methods of use. The two patents are
highly complementary, but TMT1, with its early priority and broader claims, is
of greater significance.
The TMT1 Notice of Allowance is very important for Proteome Sciences because it
will enable the company for the first time to approach entities using isobaric
mass labels in Canada and to alert them that they can obtain licences from
Proteome Sciences for the manufacture or use of any type of isobaric mass tags
in their research programmes. Such licenses will allow revenue to be generated
from any applications in the field of isobaric mass tagging.
Commenting on the Notice of Allowance Christopher Pearce, Chief Executive of
Proteome Sciences said:
"We are delighted that our first full set of patents covering isobaric tandem
mass tagging (TMT®) have been allowed in Canada. This should be followed up
shortly with similar allowances in Europe and the USA.
In Europe, the patent process for TMT1 is nearly completed with the Rule 51(4)
Notice of Intention to Grant having been published and the patent expected to
be issued in the near future. In the USA, the TMT1 and TMT2 patent applications
are in the final stages of processing and we anticipate that these too will be
concluded shortly.
Having acquired the TMT® technology in 2002, Proteome Sciences was provided
with both the earliest date of invention of isobaric mass tagging and the
patents for the technology. Our goal is to have a full range of TMT® products
launched in the market in the second half of the year. These have been
developed in-house over the last year and, with the issuance of the patents and
the completion of the licensing processes, we will be in the position to
generate substantial revenues from a combination of licence payments,
back-licence payments, product sales and royalties. The market for isobaric
tandem mass tags continues to grow disproportionately fast and earlier
estimates over the patent lives appear to have considerably underestimated the
scale and importance of quantitative mass spectrometry.
After the delays, we intend to make the most of the value of TMT® for our
shareholders."
Notes to editors:
Proteome Sciences plc
Proteome Sciences, a global leader in applied proteomics, uses high sensitivity
proprietary technologies to detect differentially expressed proteins in
diseases. The protein biomarkers discovered in body fluids or tissues are
validated, developed and commercialised as diagnostic, prognostic or
therapeutic products through strategic alliances and out-licensing.
Through its unique ProteoSHOP® toolbox, Proteome Sciences provides high
sensitivity/high throughput proteomics solutions, including traditional two
dimensional gel-based electrophoresis (2DE) and proprietary gel-free protein
sequence tag technologies (PST®, qPST™& TMT®), to major pharma, biotechnology
and diagnostic companies, to discover and exploit protein biomarkers.
Sensitizer® chemical mass tags have been developed separately as a series of
stand-alone reagents.
For further information please visit www.proteomics.com .
Proteome Sciences plc
Dr. Ian Pike, Business Development Director
Email: ian.pike@proteomics.com
Christopher Pearce, Chief Executive Officer
Email: christopher.pearce@proteomics.com
Tel: +44 (0)1932 865065
Public Relations for Proteome Sciences
IKON Associates
Adrian Shaw
Tel: +44 (0)1483 535102
Mobile: +44 (0)797 9900733
Email: adrian@ikonassociates.com
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.