Proteomics International Laboratories Ltd (ASX: PIQ) announced that it had increased the term of its letter of intent (LOI) with Sonic Healthcare USA, Inc. until 31st January 2023. Initially, it was signed in August and provided for signing an Exclusive Licence Agreement for using Proteomics International's PromarkerD predictive test for diabetic kidney disease in the United States by Sonic Healthcare USA. The increase of one month would help both parties to finalise the agreement.
Under the LOI, both companies have already achieved several key milestones, such as a proposal submitted to the American Medical Association (AMA) in October to get a Proprietary Laboratory Analysis (PLA) reimbursement code for the PromarkerD test. The proposal was studied by the AMA Current Procedural Terminology (CPT) Editorial Panel in November, and a new dedicated code for PromarkerD was approved and published at the start of January 2023.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
