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AMT announces development of LPLChip with Progenika

Thu. October 29, 2009; Posted: 07:22 AM
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Oct 29, 2009 (M2 EQUITYBITES via COMTEX) -- AMLRF | Quote | Chart | News | PowerRating -- Gene therapy company Amsterdam Molecular Therapeutics (AMT) (Euronext:AMT) and Progenika Biopharma, a provider of novel DNA genotyping microarrays, announced today that the companies have entered into a development and commercialization agreement for LPLchip, a diagnostic tool to rapidly diagnose patients with complete and partial lipoprotein lipase deficiency (LPLD).

AMT has developed Glybera as a gene therapy for patients with this disease and had announced new clinical data showing that a one-time administration of Glybera results in significant long-term health benefits for LPLD patients.

Long-term follow-up data from two clinical trials with complete LPLD patients show that Glybera therapy results in a significant and clinically important reduction in acute pancreatitis, the most debilitating complication of the disease. The data also confirm that the therapy is well-tolerated and safe.

AMT intends to file Glybera for marketing approval with EMEA by the end of this year.

LPLchip, based on the Progenika's DNA-chip technology, will be used to rapidly diagnose patients with complete and partial LPLD and will be important to effectively identify patients that could benefit from Glybera.

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