0 von 5 - 0 Bewertungen
Vielen Dank für die Bewertung dieses Beitrags.

Very interesting news from Pond Technologies (TSXV POND / WKN A2JDJM): the company, which develops sustainable solutions for climate change and food challenges, among others, surprisingly reports a cooperation with a major oil sands producer from Canada, which is a Fortune 500 company! The goal is to develop COVID-19 antigens from a unique algae strain to be used for rapid testing.

The collaboration will also have a direct financial benefit for Pond, with milestone payments and success fees of $1 million CAD agreed over the next eight months. $150,000 will be due upon signing the agreement, with the remainder due upon achieving various production and quality targets!

The agreement is aimed at developing commercial production capacity for the COVID-19 antigens used in rapid diagnostic tests, and Pond is already working to enter into a commercial supply agreement with a producer of such test kits using the recombinant proteins or antigens that Pond is producing. As part of the agreement, the company also expects to sell commercial deals for the sale of antigens and/or antibodies from genetically modified algae, thereby generating additional revenue.

Significant, technical advantages over conventional methods

According to Pond, the use of microalgae to produce medical therapeutics is expected to have significant, technical advantages over conventional methods. These use genetically modified yeast, bacteria or mammalian cell lines. Algae can be genetically modified just as easily, but can produce significantly larger quantities of the molecules sought. In addition, Pond said, microalgae provide a significantly superior product. Indeed, because E. coli bacteria and yeasts are less evolved organisms than algae, they cannot reliably produce the complex human proteins.

Nigel deGruyther, vice president of Pond Biotech, is understandably excited and sees the deal with the Fortune 500 company as a "significant milestone" for Pond. He says that with this landmark agreement, they have demonstrated that they are capable of producing commercially relevant proteins for clinical use. Mr. deGruyther further explained that they will build on this to develop a platform to produce recombinant proteins for both diagnostic and therapeutic purposes.

Bottom line: the collaboration with a major North American oil and gas producer represents an endorsement of Pond's technology by one of Canada's largest companies - and a major success for the company's biotech division. There is a possibility, says Pond's CEO Grant Smith, that this success will spill over into discussions it is having with other companies operating internationally. So we hope to see more announcements on revenue-generating deals from this area in the future. We will report!

Newsletter

 

Disclaimer: GOLDINVEST Consulting GmbH publishes comments, analyses and news on https://goldinvest.de. This content exclusively serves to inform the readers and does not represent any kind of call to action. Neither explicitly nor implicitly is it to be understood as an assurance of possible price developments. Furthermore, it does not in any way replace individual expert investment advice and does not constitute an offer to sell the stock(s) discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising / journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. There is no contractual relationship between the GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.

The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research. Nevertheless, any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.

According to §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH hold shares of Pond Technologies Holdings and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time. Furthermore, GOLDINVEST Consulting GmbH is remunerated by Pond Technologies Holdings for reporting on the company. This is another clear conflict of interest.

Weitere Nachrichten

Mega deal: Tembo Gold does business with...
Mega deal: Tembo Gold does business with...
Tembo Gold (TSXV: TEM; FRA: T23A) and Barrick Gold (TSX: ABX) today released details of a spectacular transact...
199 views Tue, 07 Dec 2021, 19:37:36
Pond Technologies Secures CAD 1.5 Millio...
Pond Technologies Secures CAD 1.5 Millio... A few days after signing a groundbreaking agreement with a Fortune 500 company for the production of complex proteins based o... 137 views Wed, 18 Aug 2021, 15:42:57
Goliath Resources Finds Bullseye Zone on...
Goliath Resources Finds Bullseye Zone on...
Who knows what good it did Goliath Resources (TSX-V: GOT; FRA: B4IF) two years ago when it failed to hit the g...
34 views Tue, 07 Dec 2021, 16:01:09
FYI Resources starts second week of tria...
FYI Resources starts second week of tria...
Today FYI Resources Ltd (ASX:FYI; FRA:SDL) commenced the second week (Phase 2) of its expanded pilot plant...
39 views Tue, 07 Dec 2021, 13:51:41
EnviroMetal Reports High Gold Recovery R...
EnviroMetal Reports High Gold Recovery R...
EnviroMetal Technologies Inc. (CSE: ETI; FRA: 7N2) reports positive results from test work it conducted on beh...
36 views Tue, 07 Dec 2021, 10:59:04
Queensland Gold Hills begins trading on ...
Queensland Gold Hills begins trading on ...
Queensland Gold Hills Corp. will commence trading on the TSX Venture Exchange under the ticker symbol (TSX.V: ...
88 views Mon, 06 Dec 2021, 15:27:19
Cerro de Pasco Resources finally rises t...
Cerro de Pasco Resources finally rises t...
Cerro de Pasco Resources Inc. (CSE:CDPR) (FRA: N8HP) can now count itself among the producing mining companies...
1048 views Mon, 06 Dec 2021, 13:40:58
Money Follows Discovery: Searchlight Res...
Money Follows Discovery: Searchlight Res...
Following the spectacular uranium discovery at its Kulyk-Lake project on the edge of the Athabasca Basin in Sa...
147 views Fri, 03 Dec 2021, 16:32:57
ION Energy Makes New Lithium Discovery W...
ION Energy Makes New Lithium Discovery W...
ION Energy Limited (TSXV: ION; FRA: 5YB) reports a new lithium discovery from its Baavhai Uul Lithium Salar pr...
76 views Wed, 01 Dec 2021, 16:50:12
P2 Gold drills 1.01 g/t gold equivalent ...
P2 Gold drills 1.01 g/t gold equivalent ...
The latest results from the past drill season at the Gabbs copper-gold project in Nevada once again exceed his...
94 views Wed, 01 Dec 2021, 15:53:36