News | September 29, 2003

NRC Biotechnology Research Institute Enters Strategic Alliance with ProMetic Life Sciences

MONTREAL--(BUSINESS WIRE)--Sept. 29, 2003--The National Research Council's Biotechnology Research Institute (NRC-BRI) and ProMetic Life Sciences Inc. (TSX:PLI) announced today the formation of a strategic alliance for the production and biopurification of therapeutic proteins.

NRC-BRI and ProMetic Life Sciences Inc. have teamed up to provide a fully integrated service to biotech and pharmaceutical companies for the development and scale up of therapeutic protein production. Optimizing the production of expensive proteins is crucial to creating commercially viable therapeutic products. It is expected that the joint venture will become a showcase for ProMetic and NRC-BRI technologies and expertise in the field of expression and downstream processing of therapeutics.

Expression and purification costs are important components of biomanufacturing expenditures and are known as key bottlenecks of the bioprocessing industry. As such, the NRC-BRI and ProMetic alliance will provide an integrated, turnkey service to better meet industry and research community needs.

"NRC is proud to be working alongside ProMetic Life Sciences", said Dr. Arthur Carty, NRC President. "Such strategic alliances aim to bolster Canada's innovation capacity".

"ProMetic's proven track record as a key developer of new technologies in the downstream processing area allows NRC to increase its scientific and technological capabilities in the field of therapeutic proteins," said Dr. Michel Desrochers, Director General, NRC-BRI. "This objective is of great importance to NRC's biotechnology program."

The bioprocess platform of NRC-BRI - known worldwide for its leading expertise in the field of integrated bioprocess development, its portfolio of proprietary technologies and its state-of-the-art facilities - provides the essential leverage to the alliance by significantly accelerating the development of therapeutic protein production schemes. Combined with ProMetic Mimetic LigandTM technology, the alliance will become a center for therapeutic production, from the lab bench to optimized scaled-up bioprocesses.

"This alliance is suited for both the large pharmaceutical companies who seek to outsource development works to expert contract organizations as well as the smaller biotech companies who can invest in advancing their valuable drug candidates to the clinical stage rather than in an expensive infrastructure," stated Steve Burton Executive VP of ProMetic in the U.K.

The alliance will use proprietary technologies already developed by NRC-BRI and ProMetic respectively, for solving bioprocess challenges, most of them of industrial interest. The commercial interactions between the alliance and biotech companies will be conducted under formal agreements. NRC-BRI and ProMetic will split the revenues generated from the services provided and royalties on sales equally. ProMetic will continue to sell bioseparation media to its clients.

According to Datamonitor, the therapeutic protein market grew by 14% in 2001 and is forecast to achieve sales of over US$57B by 2010. Growth to date has been dominated by sales of erythroproteins and insulins, while future growth will be driven by the rise of monoclonal antibodies and therapeutic vaccines.