25 May 2012

NextGen launches cancer biomarker assay

16/03/2011 Ben Jaglom

AIM-quoted biotech minnow NextGen Group (NGG) has announced the launch of its first multiple protein assay.

The biotech minnow declares its plasmadiscovery41, 'simultaneously measures 41 human plasma proteins that are thought to have potential as biomarkers in cancer'. NextGen argues this launch is part of its strategy of 'becoming a leading player in the growing oncology and central nervous system (CNS) biomarker markets.'

Klaus Rosenau, NextGen's German chairman and chief executive officer, enthuses that the release of the assay is a 'defining first step in the development' of its recent reorganisation. He adds it will 'help to establish the company as a market leader in biomarker discovery and qualification.'

The shares have gained more than 19 per cent on the launch and currently trade at 0.37p. NextGen's volatile shares were first recommended as a speculative buy by Growth Company Investor in January. We retain that rating.

Tags: Assay, Biomarker, Biotech minnow

Sector: Pharmaceuticals & Biotechnology

Companies: NextGen

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