24.03.2014 18:00:00
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THERADIAG Rewarded as Part of the Worldwide Innovation Challenge Launched by the French Government
Regulatory News:
Theradiag (Paris:ALTER) (ISIN: FR0004197747, Ticker: ALTER), a company specializing in theranostics and in vitro diagnostics, announces that its microRNA projet miCRA (Circulating microRNAs in Advanced Rectal Cancer) is one of the winning projects of the Worldwide Innovation Challenge launched by the French Government, based on the 7 goals defined by the Innovation 2030 Commission chaired by Anne Lauvergeon. 58 projects were rewarded among over 600 applicants. Winners were announced by the Prime Minister of France and will receive R&D grants from the French Public Investment Bank to finance the start-up phase of their project.
The goal of the Worldwide Innovation Challenge is to identify projects offering "a breakthrough innovation with significant implications for the French economy” and meeting one of the 7 ambitions of the Innovation 2030 Commission. The jury of the challenge, made of representatives from the Commission, the Ministry for Industrial Renewal, the Ministry of the Economy and the French Public Investment Bank, selected the winners based on the main following criteria: level of breakthrough of the innovation; scientific and/or technical feasibility, potential economic benefits of the project and ability of the applicant to successfully carry out the project.
Theradiag’s ”miCRA” project was selected for its relevance to the 5th ambition of the Innovation Commission on ”personalized therapeutic medicine”. The miCRA projects sets to develop a simple, reliable, fast and non-invasive theranostics solution for early prediction of response to chemoradiotherapy and anticipation of metastatic recurrences in rectal cancer, based on the identification of a specific microRNA signature in patients. miCRA is a joint project of Theradiag and the Cancer Institute of Montpellier (ICM).
”We are proud to be one of the winners of this national challenge. It is not only an important reward for our R&D teams and our partner ICM, but also a strong recognition by the French government of the potential of microRNAs in the expansion of personalized medicine. Theradiag is the only company in France with a microRNA platform for applied research. No reliable marker has been developed so far in rectal cancer, which could help clinicians in their diagnosis and treatment decisions. Such markers could tremendously increase the likelihood of remission of rectal cancer patients” concludes Michel Finance, the CEO of Theradiag.
About the Worldwide Innovation Challenge
The French
government initiated the Worldwide Innovation Challenge to foster talent
and bring out future champions of the French economy. It will accomplish
this by identifying and providing support for the growth of both French
and foreign entrepreneurs whose innovation projects have significant
implications for the French economy. As part of the Invest for the
Future Program, and with support from the Public Investment Bank, the
French government will allocate €300 million to co-finance innovative
projects that comply with the seven goals defined by the Innovation 2030
Commission chaired by Anne Lauvergeon. The Commission identified seven
goals based on pressing social concerns. These goals can be seen as
seven critical pillars to put France on the road to long-term prosperity
and employment. More information at http://www.innovation2030.org/en/
About ICM
Created in 1923, the Regional Cancer Institute of
Montpellier (ICM) is now recognized as of the leading national centers
for cancer patient care, as well as the reference regional center for
cancer patients in the Languedoc Roussillon area (with over 40 000
consults and 26 000 patients treated per year). The ICM is part of the
18 Cancer Centers (CLCC) of the UNICANCER group, the first hospital
group fully dedicated to cancerology with over 900 employeed including
105 doctors, 11 research teams and 140 researchers. The ICM is is one of
8 research centers in France to have received the Integrated Research
Center of Cancer (SIRIC) mark, as well as one of France’s leading
research CLCCs (clinical, fundamental and translational research).
About Theradiag
Capitalizing on its expertise in the
distribution, development and manufacturing of in vitro diagnostic
tests, Theradiag innovates and develops theranostics tests (combining
treatment and diagnosis) that measure the efficiency of biotherapies in
the treatment of autoimmune diseases, cancer and AIDS. Theradiag notably
markets the Lisa-Tracker range (CE marked), which is a comprehensive
multiparameter theranostic solution for patients with autoimmune
diseases treated with biotherapies. With its subsidiary Prestizia,
Theradiag is developing new biomarkers based on microRNAs for the
diagnosis and monitoring of HIV/AIDS and rectal cancer. Theradiag is
thus participating in the development of "customized treatment”, which
favors the individualization of treatments, the evaluation of their
efficacy and the prevention of drug resistance. The Company is based in
Marne-la-Vallée, near Paris, and in Montpellier, and has over 60
employees.
For more information about Theradiag, please visit our website: www.theradiag.com
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