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Transgenomic and Power3 Medical Complete Agreement for Exclusive License of Neurodegenerative Biomarker Test
Date:2/2/2009

on's or Lou Gehrig's (ALS) diseases from "normal" individuals and patients with other neurological disorders. In so doing, the test helps the physician make appropriate follow-up and treatment recommendations for their patients.

Power3 Medical is currently conducting prospective clinical validation studies of NuroPro in Alzheimer's and Parkinson's diseases, with results indicating sensitivities and specificities of 85-95% for both disorders.

"Power3 Medical stands alone in the development of a highly definitive molecular test for neurodegenerative diseases, including Alzheimer's and Parkinson's," said Transgenomic CEO Craig Tuttle. "Power3 Medical's proteomics platform discriminates between disease and controls, among different types of neurological diseases, with neurodegenerative disease fitting within Transgenomic's focus on disorders originating from mitochondrial damage. NuroPro will add significant depth to complement our array of genetic tests in neurology."

Power3 Medical CEO Helen R. Park said, "This new licensing agreement provides Transgenomic with the support to offer the NuroPro test for Alzheimer's and Parkinson's diseases, addressing critical unmet needs in two large markets. It is a great relationship for both companies, combining Power3 Medical's proteomics platform technology with Transgenomic's molecular diagnostics technology, laboratory and services, and we believe will be the springboard needed for full commercialization."

Dr. Ira L. Goldknopf, Power3 Medical's President and Chief Scientific Officer, said, "The ability to accurately diagnose Alzheimer's and Parkinson's diseases early and rapidly addresses a major problem for clinicians and their patients. We believe that NuroPro may allow physicians to intervene faster and earlier with treatments to slow disease progression, before patients suffer debilitation and irreversible damage."

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SOURCE Transgenomic, Inc.; Power3 Medical Products, Inc.
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