Xlife Sciences AG paves the way for the next successful out-licensing and announces cooperation with Quant Biomarkers AG for the development of advanced biomarkers for kidney diseases
Xlife Sciences AG
/ Key word(s): Letter of Intent/Partnership
Xlife Sciences AG (SIX: XLS) and Quant Biomarkers AG are pleased to announce an exclusive collaboration for the licensing of innovative biomarkers aimed at the early detection of chronic kidney diseases (CKD). Current medical standards allow the detection of kidney disease when nearly 50% of the kidney function is already lost. Subsequent therapy slows the progression towards dialysis or kidney replacement, but does not lead to a curation of the disease. Addressing this issue, the global renal biomarkers market, valued at US$ 1.13 billion in 2021, is projected to reach US$ 1.88 billion by 2027, growing at a CAGR of 8.70%. Xlife Sciences AG, through its portfolio company x-kidney diagnostics GmbH, has identified biomarkers that predict kidney failure at its pre-clinical stages. Concurrently, Quant Biomarkers AG is actively pursuing intellectual property rights for specific combinations of kidney biomarkers, intending to use them for both diagnostic and prognostic purposes. This exclusive collaboration lays the foundation for both entities to enter licensing negotiations, in which Quant Biomarkers AG receives a license to further validate and develop the identified biomarkers. This partnership aims to change how we treat early chronic kidney disease (CKD). We utilize biobanks to predict disease progress early, making precise decisions before any kidney damage, and allowing for preemptive therapy. Both parties will negotiate and agree on milestone payments and royalty payments as full consideration for the Licensed IP. Oliver R. Baumann, CEO of Xlife Sciences AG, stated «Our collaboration with Quant Biomarkers AG represents a pivotal moment in our mission to transform healthcare through innovation. This partnership harnesses our combined expertise to address the urgent need for early detection of chronic kidney diseases, setting a new standard in diagnostic precision and patient care. » Dr. Sanja Baumann-Tomovska, CEO of Quant Biomarkers AG, elaborated «We are excited to team up with Xlife Sciences AG and look forward to forming innovative partnerships that will pave the way for a groundbreaking diagnostic solution, securing kidney health for 800 million patients worldwide. » This collaboration marks a significant step forward in addressing a critical healthcare challenge and reflects both Quant Biomarkers AG's and Xlife Sciences AG's commitment to innovation and excellence in the life sciences sector.
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Language: | English |
Company: | Xlife Sciences AG |
Talacker 35 | |
8001 Zürich | |
Switzerland | |
Phone: | +41 44 385 84 60 |
E-mail: | info@xlifesciences.ch |
Internet: | www.xlifesciences.ch |
ISIN: | CH0461929603 |
Valor: | A2PK6Z |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1800611 |
End of News | EQS News Service |
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