CHARLESTON, SC – GlycoPath Inc., the developer of advanced bioanalytical assays based on its proprietary GlycoTyperTM immunoaffinity technology, announced the closing of its seed investment round with Bruker Corporation (Nasdaq: BRKR) as a new minority investor. Financial details were not disclosed.
The proprietary GlycoTyperTM glycan profiling technology captures diagnostic glycoproteins from blood using multiplexed antibody slide arrays, followed by direct analysis of the glycans present on each glycoprotein by MALDI-TOF mass spectrometry. Presently, the GlycoTyperTM technology is for research use only.
The initial pathology target for GlycoTyperTM, hepatic fibrosis, is currently one of the fastest growing diseases in the US by annual case numbers, and may affect over 100 million people in the US and 1.5 billion individuals worldwide. In addition to providing initial patient screening and risk stratification for liver fibrosis, the planned LDT (laboratory-developed test) assay will be positioned for routine surveillance of at-risk populations. The test is not affected by co-morbidities such as obesity, which are problematic for current fibrosis diagnostic testing protocols.
About GlycoPath Inc.
GlycoPath Inc. is a developer of GlycoTyper-based bioanalytical assays using the Company’s proprietary platform technology, developed at the Medical University of South Carolina and licensed from the MUSC Foundation for Research Development. The GlycoTyperTM platform is capable of measuring the glycans of multiple captured glycoprotein targets in a single assay in high-throughput. Hundreds to thousands of glycan measurements per day are feasible, making it amenable for a wide range of bio-analytical applications in drug development, basic and translation research, as well as clinical diagnostics. The current inventory of immunoaffinity slides and glycan analysis reagents have been configured for glycan analysis in the fields of hepatology, oncology, infectious diseases and pharmaceuticals.