4basebio AG: Simple and rapid SARS-CoV-2 diagnostic test project with 4basebio's contribution receives funding from 'la Caixa' Banking Foundation
DGAP-News: 4basebio AG
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Simple and rapid SARS-CoV-2 diagnostic test project with 4basebio's contribution receives funding from "la Caixa" Banking Foundation
Heidelberg, Germany and Cambridge, UK, 20 May 2020 - 4basebio AG (Frankfurt: 4BSB; ISIN: DE000A2YN801; Prime Standard) announced today that the research consortium for the development of a new corona virus diagnosis approach led by Dr. Felipe Cortés (Spanish National Cancer Research Center) and Dr. Luis Blanco ("Severo Ochoa" Molecular Biology Center) has been granted the maximum amount of € 299,200 of funding from the "la Caixa" Banking Foundation CaixaImpulse. The project has been selected as one of six to receive funding from 349 high quality applications submitted for funding to the CaixaImpulse Express Call on COVID-19.
This research program, as already announced by 4basebio on 22 April 2020, is intended to develop a new way of diagnosing SARS-CoV-2 based on Phi29 DNA polymerase amplification. 4basebio will supply the enzymes and technical support within this project.
4basebio will collaborate with the research consortium through provision of its patented Phi29 DNA polymerase variants required for this project, as well as giving technical support and advice regarding the enzymes and suitable experimental conditions. If the project successfully develops an industrially scalable SARS-CoV-2 test, 4basebio will lead the commercialisation process by supplying the necessary proprietary enzymes and supporting the manufacture of the diagnostic devices to ensure the appropriate production and commercial exploitation.
The suggested novel method is expected to have important advantages with respect to current PCR-based detection methods for SARS-CoV-2 infection:
- no reverse transcription required
- performable at room temperature, bypassing the need for thermal cyclers
- faster and cheaper
- potentially increased sensitivity
About 4base bio:
For further information, please contact:
MC Services AG (Investor Relations and International Media Relations)
### This publication is intended for information only and constitutes neither an offer to sell nor an invitation to buy securities. Some statements included in this press release, relating neither to proven financial results nor other historical data, should be viewed as forward-looking, i.e. not definite. Such statements are mainly predictions of future results, trends, plans or goals. These statements should not be considered to be total guarantees since given their very nature they are subject to known and unknown risks and imponderability and can be affected by other factors as a consequence of which the actual results, plans and goals of 4basebio AG may deviate greatly from the established conclusions or implied predictions contained in such statements. 4basebio does not undertake to publicly update or revise these statements in the light of new information or future results or for any other reason. ###
20.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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