Aptamer Group
plc
("Aptamer", the "Company" or
the "Group")
Update on progress in
Unilever partnership
Aptamer Group plc (AIM: APTA), the
developer of novel Optimer® binders to enable innovation
in the life sciences industry, is providing an update on the
partnership with Unilever to deliver Optimer binders for cosmetic
applications.
In 2022, Aptamer initiated a
partnership with Unilever for the development of Optimer binders
with the aim of treating malodour in personal care products.
Following successful Optimer development, the binders have been
rigorously tested at both Aptamer Group and Unilever showing
highly positive and reproducible results,
indicating their potential for use in downstream
products.
Based on these results, a patent was
submitted on 28 March 2024, to protect the developed Optimer
binders and give Aptamer Group precedence for the protection of the
intellectual property.
Work to test the Optimer binders is
ongoing in Unilever's labs. Unilever plans to conduct on-person
functionality studies in the second half of 2024.
The global deodorant market alone
was valued at $25.6 billion in 2023, with Unilever being the market
leader as the largest antiperspirant and deodorant manufacturer in
the world.
It is anticipated that this project
will be completed over the next two years, and if successful, could
result in Aptamer licensing the Optimer binders to
Unilever.
Dr
Arron Tolley, Chief Technical Officer of Aptamer Group,
said: "I'm pleased to provide this
update on our work with Unilever. The early success we have seen to
date in evaluating our Optimers that aim to treat malodour has been
promising. We are excited to support our partners at Unilever in
advancing these binders to the next stage of development with
on-person functionality studies. Fast-moving consumer goods (FMCG)
like personal care products can progress to market more rapidly
than diagnostics or therapeutic products. Optimers offer advantages
such as stability, shelf life and consistent manufacturability
making them ideal molecules for FMCG / cosmetic applications.
If the Optimer binders continue to progress through the
testing and manufacturing stages in Unilever's hands, then we
anticipate the completion of this project within two
years."
- ENDS
-
For further information, please
contact:
Aptamer Group plc
Steve Hull
|
+44 (0) 1904 217
404
|
SPARK Advisory Partners Limited - Nominated
Adviser
Andrew Emmott / Adam
Dawes
|
+44 (0) 20 3368
3550
|
Turner Pope Investments (TPI) Limited -
Broker
James Pope / Andrew
Thacker
|
+44 (0) 20 3657
0050
|
About Aptamer Group plc
Aptamer Group develops custom affinity binders
through its proprietary Optimer® platform to enable new
approaches in therapeutics, diagnostics, and research applications.
The Company strives to deliver transformational solutions that meet
the needs of life science researchers and
developers.
Optimer binders are oligonucleotide
affinity ligands that can function as an antibody alternative. The
global affinity ligand market is currently worth over $170
billion.
Aptamer has successfully delivered
projects for a range of global pharma companies, diagnostic
development companies, and research institutes, covering multiple
application areas with the objective of establishing
royalty-bearing licenses.