logo-loader
viewProteome Sciences PLC

Proteome Sciences narrows losses after sales rose in 2015

The rise of 'precision medicine' continues to support the biomarker business with revenues from licensing, sales and services up 30% in 2015.

test tubes with blood samples
Proteome said its facilities are running at full capacity

Proteome Sciences Plc (LON:PRM) announced narrower losses in 2015 thanks to increased better sales and tighter cost controls.

Turnover for the twelve months to December 31 rose by 20% to £1.88mln, up from £1.56mln in the prior year. Meanwhile, at £1.68mln revenues from licensing, sales and services was 30% better than the year before.

The biomarker business performed particularly well, with 51% growth, while sales of the group’s TMT branded products increased by 33%.

Proteome reported a £2.72mln loss after tax, compared with £3.57mln for the year before.

The company highlighted that its facilities are running at full capacity, demand was growing and it is seeing increased levels of repeat business.

Christopher Pearce, Proteome Sciences chairman, said: "The recognition and requirement for precision medicine has questioned the historic practice of using genomic approaches almost exclusively in drug development and patient management.

“As a consequence there has been increasing acceptance of the inclusion of complementary proteomics approaches and these have been driving considerable interest and activity in our biomarker services business.”

Quick facts: Proteome Sciences PLC

Price: 3.8198 GBX

AIM:PRM
Market: AIM
Market Cap: £11.28 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Legend Mining's Mark Wilson hails best results to date at Mawson and updates...

Legend Mining Limited's (ASX:LEG) Mark Wilson tells Proactive's Andrew Scott they've hit their best result yet at Mawson from hole 18 - an intersection of 4.5 metres at 3.05% nickel, 2.32% copper and 0.19% cobalt the best grades to date. Wilson adds that they recently received strong support...

3 hours, 32 minutes ago

2 min read