Sunday, October 20, 2024
14 C
New York

Proteomics: Secures major analytical services contract

  • Proteomics International (PIQ) has won a major pharmacokinetic testing contract with Australia’s largest clinical trial contract research organisation, Avance Clinical
  • Pharmacokinetics is the study of what happens to drugs once they are inside the body
  • The contract between the parties will study a drug for lysosomal storage disorder on behalf of a U.S. pharmaceutical company
  • This work expected to undertaken over the next three months
  • Notably, this contract valued at $243,000 — making it Proteomics largest to date
  • Proteomics ended the day down 0.44 per cent to close at $1.14 per share

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