Further update re Paraytec AD Scanner project
Reach - a non-regulatory announcement
4 August 2021
Braveheart Investment Group plc
("Braveheart" or the "Group")
Further update re Paraytec AD Scanner project
Further to the announcement on 14 June 2021, Braveheart Investment Group plc (AIM: BRH), regarding Paraytec's work with partners in the field of Alzheimer's disease (AD) detection and also the Covid-19 detection project.
Prototype instruments were shipped to project partners in early July 2021 and sample testing has commenced. The initial results from Vrije University Medical Centre Amsterdam (VUMC) using AD patient samples were inconclusive. The cause and implications of these initial results are not yet known. Further testing is needed and although the funded project will end at the end of this month, Paraytec's partners have indicated that they will continue the testing thereafter. A further update is expected by the end of September 2021.
Paraytec's work to develop an instrument for the detection of COVID-19 is progressing as planned and a corporate finance specialist has been engaged to market the technology to potential partners or acquirers.
We anticipate releasing the next update for both the COVID-19 and AD scanner projects will be around the end of September 2021.
For further information:
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Braveheart Investment Group plc |
Tel: 01738 587555 |
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Trevor Brown CEO |
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Allenby Capital Limited (Nominated Adviser and Joint Broker) |
Tel: 020 3328 5656 |
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David Worlidge / James Reeve / George Payne |
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Peterhouse Capital Limited (Joint Broker) |
Tel: 020 7469 0936 |
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Heena Karani / Lucy Williams |
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