License Agreement

RNS Number : 9292J

Proteome Sciences PLC

09 April 2010

 



Proteome Sciences plc

ProteoPrep License agreement with Sigma-Aldrich

9^th April, 2010  Proteome Sciences plc ("Proteome Sciences") is pleased to announce that it has entered into a non-exclusive license agreement  with Sigma-Aldrich Corporation ("Sigma") under which Sigma will be able to continue selling products under Proteome's registered trademark ProteoPrep^® in Europe, Japan and Australia. Sigma is the world's largest supplier of research biochemicals and organic chemicals with over one million customers.

There are currently eleven ProteoPrep^® kits available from Sigma and the license will also include all future products sold under the ProteoPrep^® trademark that contain chemicals and reagents for the disruption of cells, tissues or other biological material and the extraction of biological molecules like proteins, lipids and carbohydrates. It also covers methods and processes relating to assays for the diagnosis of diseases and chemical markers determining targets for drugs and for determining proteins and peptides by disruption of cells, tissues or other biological material. The license provides Proteome with a signature fee and royalties on all ProteoPrep^® sales in the jurisdictions listed above.

Commenting on the license Christopher Pearce, Chief Executive of Proteome Sciences said:

"We are delighted to have concluded the license with Sigma-Aldrich Corporation for the ProteoPrep^® trademark and look forward to receiving this new stream of revenue from royalties generated by their successful and expanding range of ProteoPrep^® products."

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For further information please contact:

Proteome Sciences plc

www.proteomics.com                                              Tel:    [phone]

Christopher Pearce, Chief Executive Officer             [e-mail] 

James Malthouse, Finance Director                          [e-mail] 

Dr. Ian Pike, Chief Operating Officer                       [e-mail] 

Nominated Adviser

Singer Capital Markets Limited

Shaun Dobson/Claes Spång

Tel: [phone]

Public Relations

IKON Associates                                                   Redleaf Communications Limited

Adrian Shaw                                                              Anna Dunkin/Lucy Salaman

Tel:          [phone]                                     Tel:        [phone]

Mobile:    [phone]                                     Email:     [e-mail] 

Email:      [e-mail]                                          

 

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