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Rapid, non-invasive prostate cancer tests a step closer

Published on: 29/07/2014

Thanks to Milton Park-based business

The world moved a step closer to revolutionising the prostate cancer testing market this week, when Glide Pharmaceutical Technologies Ltd, which is located at 45B Western Avenue at Milton Park, announced that it had taken exclusive worldwide rights to Novel Diagnostic Technology for Prostate Cancer.

Estimates suggest that in the US alone, approximately 24 million current routinely-used prostate-specific antigen (PSA) tests are conducted each year, with the worldwide market valued at more than $2 billion.

Glide Pharma plans to provide the technology initially 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.

Dr Mark Carnegie-Brown, Glide Pharma’s CEO said: “We believe this innovative technology has the potential to revolutionise the prostate cancer diagnostic market, where there is a clear need for an accurate, rapid non-invasive test. With our existing portfolio of therapeutics and vaccines making excellent progress, we plan to accelerate the development of this potentially important diagnostic alongside our lead programmes.”

For the full News Release, please click here >>

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