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Celemics bags $800K deal to supply gene expression profilers to Firalis SA

Pulse

  • DateOct. 28 2020

Celemics bags $800K deal to supply gene expression profilers to Firalis SA  

 

Celemics has signed a $800,000 contract to supply its Next-Generation Sequencing (NGS)-based gene expression profilers for neurodegenerative disease to Firalis S.A., a France-based developer and provider of biomarker diagnostic products.

Shares of Kosdaq-listed Celemics traded a tad higher in the morning session on Wednesday.

 

According to its disclosure on Wednesday, Celemics will provide Firalis with NeuroMICS products for PAXgene/PBMC and Plasma/Saliva until 2022. The deal value represents about 18 percent of Celemics’ revenue last year.

 

NeuroMICS™ identifies and quantifies more than 5,000 brain tissue-specific long non-coding RNAs (lncRNAs) in peripheral blood samples that can serve as biomarkers to characterize patients with early-stage neurodegenerative disorders such as Alzheimer`s disease.

 

NeuroMICS features high-accuracy results based on Celemics` know-how in manufacturing NGS products for 10 years and its unique rebalancing and target capture technology. It can analyze about 5,000 types of lncRNAs at once, providing a more efficient and cost-effective approach than conventional methods, according to the company.

 

NeuroMICS is Celemics` second NGS-based product to be delivered to Firalis after a similar deal over FiMICS, an NGS-based product to quantify cardiac-enriched lncRNAs in 2018.

 

The availability of the lncRNA panel opens a window for new therapeutics and personalized medicine tools for diverse diseases, experts say.