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Financial Press: Miraculins Leads Future of Global Health Tech Innovation
Date:4/18/2013

arch and development company prior to acquiring the PreVu, and then we had to go through all these significant changes to become certified. It was a great exercise because it forced us a company to make sure that all of our systems and processes were consistent with the international standard.”

The second lead technology Miraculins has developed is for a serious disease of pregnancy called preeclampsia. The disease affects more than 6.4 million pregnancies per year in the US and 134 million worldwide, with a cost of more than $3 billion annually to the global healthcare system.

Preeclampsia’s rapidly progressive condition, characterized by high blood pressure and the presence of protein in the urine, can quickly accelerate and result in seizure, coma, kidney failure and death for both mother and child. The technology was being advanced through a collaborative research and option agreement with Alere, Inc.; one of the world’s largest diagnostic companies with professional and consumer offerings in over 100 disease categories, and a market capitalization of $2 billion. Alere recently licensed from Miraculins the lead marker in the company’s preeclampsia program.

“We were excited to have partnered a key part of our preeclampsia technology with a major international diagnostics company and they are responsible for advancing a test through regulatory approval and on to commercial sales.” says Moreau.

Miraculins business model is to license and acquire business technology that can either be acquired from a research institution or a university, or another company.

“We are one of a handful of Canadian diagnostic companies that have been able to get a product through the regulatory approval process required so that we can begin to start selling,” Moreau says.

“The way we found out about the SCOUT opportunity was through one of our distribution partners in Canada called Pear Healthcare, which represents us in the retail pharmacy
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