Amorfix Life Sciences Ltd., an early-stage product development company developing therapeutic antibodies and diagnostics targeting misfolded protein diseases, has signed an agreement with a major global pharmaceutical company to use the human Alzheimer's disease diagnostic assay in phase 1 clinical studies.
Amorfix has granted its collaborator access to its proprietary EP-AD assay technology and the Company will complete assay optimization and validation prior to using the assay as part of a clinical trial to investigate the effects of a novel therapeutic for the treatment of Alzheimer's disease. The terms of the agreement have not been disclosed.
"We are very excited to be working with a world-class pharmaceutical company with the resources and expertise to assist in the further development our human Alzheimer's disease diagnostic assay technology. The Company has worked very hard to create a diagnostic test that can identify patients with early-stage disease and we are gratified to have the opportunity to assist in the clinical development of new therapeutics that may offer improved treatment options for Alzheimer's disease patients" said Dr. Robert Gundel, Amorfix President and CEO. "In addition, this agreement is an example of our business plan to establish effective partnerships and strategic alliances with companies that have the resources and expertise to help advance our products to clinical development and commercialization".
The EP-AD diagnostic assay is capable of identifying early-stage Alzheimer's disease patients and patients with mild cognitive impairment (MCI) who are at high risk of developing Alzheimer's disease. The EP-AD assay measures levels of Abeta aggregates, a known biomarker of Alzheimer's disease, and can also be used to monitor the effects of Alzheimer's disease treatments on Abeta aggregates, the building blocks of plaques that form in the brains of people with Alzheimer's disease.
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