Dimerix to progress its discovery platform with ARC Grant

Published at May 9, 2016, in ASX Biotechs

A consortium led by Dimerix Limited’s (ASX:DXB) Chief Scientific Advisor, Associate Professor Kevin Pfleger (UWA and Harry Perkins Medical Research Institute) has been awarded a $499,000 Linkage Grant by the Australian Research Council.

The money will go towards a consortium that includes Dimerix working with the Harry Perkins Institute of Medical Research and the University of Western Australia (UWA).

The ‘Development of Technologies to Monitor Multimolecular Complexes’ grant will be paid over three years and will help to expedite development of Dimerix’s discovery platform in new ways for new applications.

Dimerix Executive Chairman, Dr James Williams, a Partner Investigator of the Linkage Grant, told the market, “These additional funds will further enable to engage with leaders in the field, to progress the scientific excellence of its discovery assay potential as well as routes to commercialisation.

“We believe it will further enable Dimerix to make significant progress towards realising the commercial value of its discovery platform capabilities.”

Several leaders in the field make up the UWA consortium and include Associate Professor Kevin Pfleger and key scientists at the University of Queensland, University of Nottingham (UK), leading instrumentation manufacturer BMG Labtech and global reagent supplier Promega Corporation.

Dimerix has committed $100,000 research funding to support the project.

The funding has come at good time for Dimerix as it continues preparations for talks with US FDA in a pre-investigational new drug application meeting in relation to the Development Plan for DMX-200, which combines two existing drugs one of which is marketed to treat hypertension and diabetic nephropathy in certain patients.

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