Queen's Award for Enterprise in Innovation 2022

RNS Number : 8079I

Oncimmune Holdings PLC

21 April 2022

 

21 April 2022

RNS Reach

Oncimmune Holdings plc

("Oncimmune" or the "Company")

Oncimmune receives Queen's Award for Enterprise in Innovation 2022

Company's leading position in autoantibody-enabled immunodiagnostics recognised for outstanding achievement in innovation with the UK's highest official award for British business

Oncimmune Holdings plc (AIM: ONC.L), the leading global immunodiagnostics group, today announces that it has been awarded the Queen's Award for Enterprise 2022 in the innovation category, endorsing Oncimmune as a leading developer of applied immunodiagnostics for the early detection of disease, drug discovery and development.

With over 10 years as a leader in autoantibody-enabled immunodiagnostics, Oncimmune is the leading global immunodiagnostics developer, primarily focused on the fields of immuno-oncology, autoimmune disease and infectious diseases. As a specialist immunology testing business, the Company has a diversified and growing revenue stream from its discovery and development service-based platform, delivering actionable insights into therapies to its pharmaceutical and biotech partners, as well as a portfolio of diagnostic products to detect early-stage cancer.

The Queen's Award for Enterprise 2022 acknowledges the innovation behind Oncimmune's immunodiagnostic and discovery technology.  This started with EarlyCDT, a blood test which can help identify cancer on average four years earlier than current standard clinical diagnosis, and continues today through Oncimmune's ImmunoINSIGHTS platform, which enables life science organisations to optimise drug development and delivery, leading to more effective targeting as well as safer treatments for patients.

The ImmunoINSIGHTS core immune-profiling technology is underpinned by a library of over 8,800 immunogenic proteins, one of the largest of its kind, which helps to identify clinical trial participants and patients in clinically relevant subgroups, enabling the development of targeted, more effective treatments with a lower risk of adverse events.

Regarded as the highest official UK award for British business and now in its 56^th year, the Queen's Award for Enterprise is an annual award which endorses outstanding achievement in innovation. Oncimmune is one of 226 organisations nationally to be recognised with a prestigious Queen's Award for Enterprise 2022, which is awarded to products or services that have been available on the market and can demonstrate outstanding innovation and commercial success for at least two years.

The award will be formally presented to Dr Adam M Hill, Chief Executive Officer (CEO), of Oncimmune, by His Royal Highness The Prince of Wales on 12 July 2022.

Dr Adam M Hill, CEO of Oncimmune said: "Oncimmune has established a world-leading position in autoantibody-enabled immunodiagnostics, and we are honoured to have our truly innovative approach recognised by the prestigious Queen's Award for Enterprise 2022. Since our inception, the mission for Oncimmune has been to use our extensive understanding of the immune system to enable us to harness its sophisticated response to disease in order to detect cancer earlier and to support the development of better therapies. We are delighted to be recognised for the progress we have achieved in oncology, other auto-immune and infectious diseases. I would like to thank all our employees for their continued hard work and dedication in helping us to achieve this vision and we look forward to what the future holds for Oncimmune and its technology."

For further information:

Oncimmune Holdings plc

Dr Adam M Hill, Chief Executive Officer

Matthew Hall, Chief Financial Officer

[e-mail]

Singer Capital Markets (Nominated Adviser and Joint Broker)

Aubrey Powell, Harry Gooden, George Tzimas, James Fischer

[phone]

WG Partners (Joint Broker)

David Wilson, Nigel Barnes, Erland Sternby

[phone]

Media enquiries:

FTI Consulting

Ben Atwell, Michael Trace, Alex Davis

[e-mail]

[phone]

About Oncimmune

ImmunoINSIGHTS Service Business

Oncimmune is a leading immunodiagnostics developer, primarily focused on the growing fields of immuno-oncology, autoimmune disease and infectious diseases. The ImmunoINSIGHTS service business leverages Oncimmune's technology platform and methodologies across multiple diseases, to offer life-science organisations actionable insights for therapies across the development and product lifecycle. Our core immune-profiling technology is underpinned by our library of over eight thousand immunogenic proteins, one of the largest of its kind. This helps identify trial participants and patients into clinically relevant subgroups, enabling development of targeted and more effective treatments.

Oncimmune's ImmunoINSIGHTS service business is based at the Company's discovery research center in Dortmund, Germany. The business platform enables life science organisations to optimise drug development and delivery, leading to more effectively targeted and safer treatments for patients.

The ImmunoINSIGHTS development team is based in the US and Europe and Oncimmune is seeking to replicate the Dortmund facility in the US in the medium term.

EarlyCDT Product Business

Oncimmune's immunodiagnostic technology, EarlyCDT, can detect and help identify cancer on average four years earlier than standard clinical diagnosis. Our lead diagnostic test, EarlyCDT Lung, targets a vast market estimated to grow to £3.8bn by 2024. With over 200,000 tests already performed for patients worldwide and its use being supported by peer reviewed data in over 12,000 patients, we are poised to become an integral component of future lung cancer detection programs, globally.

Oncimmune's diagnostic products business is located at its laboratory facility in Nottingham, UK.

For more information, visit www.oncimmune.com

 

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