Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Proteomics International Receives Substantial Shareholding Notices

Newly-listed biotech company Proteomics International Laboratories (ASX:PIQ) has received notices of initial substantial shareholding from managing director Richard Lipscombe and Xylo Pty Ltd.

The company recently raised $3.1 million at $0.20 per share through its initial public offering on the Australian Securities Exchange. Shares in PIQ started trading on 16th April 2015.

PIQ has generated total revenues of $8 million since 2001 and has established 50 key clients. The company is recognised as a global leader in its field.

Its proprietary technology platform in the area of proteomics - the study of the structure and function of proteins - and operates across three business units, each of which represents a multi-billion market.

Lipscombe holds 16,141,281 shares, giving him a 31.91% interest held directly and indirectly in the company.

Xylo Pty Ltd has 6,277,594 shares, or a 12.41% interest.


PIQ specialises in the industrial scale mapping of the structure and function of proteins - one of the building blocks of life.

The company was a market innovator and the first company globally to receive the highest level of technical accreditation (ISO 17025) in proteomics testing.

It used this know-how to develop a versatile platform technology for discovering diagnostic tests.

By comparing blood samples taken from both sick and healthy people, The company is able to produce a set of "biomarkers"- biological signatures that can be used to test for a particular condition.

The technology opens the door to personalised medicine - moving away from a one-size fits-all approach and instead matching patients to the best medication for them as individuals.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.