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Glide Pharma Takes Exclusive Worldwide Rights to Novel Diagnostic Technology for Prostate Cancer
Date:7/29/2014

OXFORD, England, July 29, 2014 /PRNewswire/ --

 

Glide Pharmaceutical Technologies Ltd (Glide Pharma) today announced that it has taken an exclusive worldwide licence to an innovative prostate cancer diagnostic technology from FScan Ltd, a Durham University spin-out company.  Under the terms of the agreement, Glide Pharma will pay an upfront fee, development and commercial milestone payments, and royalties on future product sales.  Glide Pharma has also taken an option for additional exclusive licences to FScan diagnostic technologies, for use in other conditions.  

The licensed technology pioneers the use of lanthanide complexes for the non-invasive, rapid and accurate measurement of citrate levels in seminal fluid.  The link between citrate levels and prostate cancer is well documented, providing the opportunity to develop an effective diagnostic test.  Further clinical validation of this approach is currently underway in studies co-ordinated by Professor Mark Emberton, Consultant Urologist at University College London.

The current routinely-used prostate-specific antigen (PSA) diagnostic has major limitations, with inaccurate results leading to large numbers of patients undergoing unnecessary additional testing and biopsy.  A rapid, accurate, non-invasive test would meet a major unmet clinical need, and consequently has significant commercial potential.  Estimates suggest that approximately 24 million PSA tests are conducted each year in the US alone, with the worldwide market valued at more than $2 billion.  

Glide Pharma plans to provide the technology initially as an analyte specific reagent in the USA.  In the longer-term, the company intends to develop a prostate cancer diagnostic test, and to pursue regulatory approval in the US and Europe.
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SOURCE Glide Pharma
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