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The extension will allow further feasibility studies of the suitability of Tyrian's proprietary tuberculosis (TB) protein markers for the development of rapid diagnostic tests to detect active TB disease.
Under this amendment to the agreement, Tyrian will receive an option fee from BD, while BD is granted research and development rights to conduct further feasibility studies on a Point of Care (POC) TB test using Tyrian's TB biomarkers. BD will fund this next stage of research which could take up to nine months. Tyrian will also retain the rights to use its TB biomarkers to develop and commercialise a molecular TB test, which Tyrian intends to explore in collaboration with a suitable partner.
"BD has access to cutting edge technology and the necessary expertise to develop Tyrian's TB biomarkers to the next stage," said Jenny Harry, PhD, CEO of Tyrian. "Assuming that appropriate sensitivity and specificity is achieved in these studies, we believe that there is an exciting opportunity for a rapid, cost-effective and easy-to-use diagnostic to address a market gap for diagnosis of active TB."
In January 2009, Tyrian announced the completion of the fourth milestone of its feasibility study under its collaboration agreement with BD to assess the suitability of Tyrian's TB protein markers for rapid TB diagnostic tests. Tyrian's lead TB biomarker was detected in clinical strains of the bacteria responsible for TB as well as in clinical sputum samples. The next stage involves BD undertaking further feasibility studies using its proprietary technology to seek to achieve desired levels of sensitivity and specificity for an effective POC diagnostic product.
Tyrian Diagnostics is a diagnostics company with expertise in biomarker discovery and validation and diagnostic test development with a core focus on respiratory and infectious diseases.
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