NextGen Sciences Completes Biomarker Business Refocus
By Nextgen Group Plc, PRNETuesday, March 8, 2011
ANN ARBOR, Michigan, and LONDON, March 9, 2011 - NextGen Group plc (AIM:NGG) is pleased to announce that its
subsidiary NextGen Sciences Inc, a leader in biomarker discovery, measurement
and qualification, has completed a commercial reorganization. The
restructuring, which is accompanied by new management appointments, is
expected to help the company execute its strategy of becoming a leading
player in the growing oncology and central nervous system (CNS) biomarker
markets. Targeting these therapeutic areas, two new biomarker assay products
are expected to be launched in the first half of this year.
Key appointments include Dr Neal Siegel as Director of Assay
Development, a new position. He joins from Sword Diagnostics Inc and prior to
that the US healthcare company Abbott Laboratories, and will lead assay
delivery, validation and quality control. Glenn Barney, formerly of US
company Decision Biomarkers, becomes Vice-President of Business Development,
and will be responsible for driving sales growth across all products, as well
as overseeing marketing. Hiroshi Saito joins from Optiem LLC, an internet and
digital marketing agency, as Director of Marketing, working closely with
Glenn Barney.
Growth of the biomarker market is being driven by a variety of
factors, including increased recognition of their utility in clinical trials
for patient stratification and understanding of pharmacodynamics (the effect
and mechanism of action of a drug in the body).
Klaus Rosenau, Chairman and CEO of NextGen Group, commented:
"NextGen Sciences' reorganization brings an increased commercial focus to our
biomarker business, with the new appointees bringing extensive technical and
commercial expertise. The next step is expected to be the launch of a human
plasma assay targeting several oncology disease areas, and a human
cerebrospinal fluid assay for CNS disorders, in the first half of this year.
This will help us generate value in this growing market via our quality
products and services, and increased partnering with pharmaceutical,
biotechnology and diagnostics companies. We believe that our increasing
profile will be beneficial to our long-term aim of bringing complementary
technologies into the NextGen Group".
Notes to Editors
NextGen Sciences Inc (Ann Arbor, MI, USA) is the subsidiary of
NextGen Group PLC, London, UK (AIM: NGG). It provides pharmaceutical,
biotechnology and diagnostic companies with rapid and quantitative protein
biomarker discovery, measurement and qualification services using mass
spectrometry technology. With a rise in the industry focus on personalised
medicine and cost-effectiveness, biomarkers are playing an increasing
important role in drug discovery, development and patient access, as well as
healthcare delivery. The global market for biomarkers is expected to grow to
$12.8bn by 2012 (BCC Research), with those for neurological disorders ($3.5bn
by 2015, Espicom Healthcare) and oncology ($9.5bn by 2014,
www.marketsandmarkets.com) playing an important role. NextGen Sciences'
products include discoveryexpress for discovery of new biomarkers and
targets, assayexpress for assay development and testingexpress for biomarker
qualification. For more information visit www.nextgensciences.com
For more information please contact : NextGen Group Klaus Rosenau, Chairman and CEO klaus.rosenau@nextgensciences.com +49-160-551-6756 Seymour Pierce Jonathan Wright, Nicola Marrin +44(0)20-7107-8000
NextGen Group, Klaus Rosenau, Chairman and CEO, klaus.rosenau at nextgensciences.com , +49-160-551-6756; Seymour Pierce, Jonathan Wright, Nicola Marrin, +44(0)20-7107-8000
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