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ANTEOTECH LTD — AGM Information 2011
Oct 23, 2011
64304_rns_2011-10-23_722b0716-3807-45fa-a14a-232b9b74f9da.pdf
AGM Information
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Anteo Diagnostics (ASX:ADO) FY2011 Annual General Meeting (AGM)
Better Binding - Faster Dr. Geoff Cumming - CEO Monday 24 October, 2011
CEO’s Address – Dr Geoff Cumming
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A year of significant progress for Anteo
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An experienced and capable Board of Directors now in place
- Appointments of Ms Sandra Anderson & Mr Mark Bouris
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Highly experienced management and technical team – Dr Joe Maeji, Dr Nevin Abernethy, Dr Tina Baumgartner
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Anteo is financially strong – cash on hand (As at 30 June 2011) $6.85m – Well funded to the end of calendar year 2013, excluding any future revenues
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The platform is now in place to realise the value of the Mix&Go™ technology
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We are grateful for the continued support from our shareholders
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CEO’s Address - Dr Geoff Cumming
FY2011 Highlights
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July 2010 – ADO announces agreed terms with Merck Chimie SAS
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February 2011 – ADO raises $5.1m from existing shareholders through option conversion
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February 2011 – Bangs Laboratories launches second product using Mix&Go™
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March 2011 – European Patent Office confirms intention to grant the ‘Generation of Surface Coating Diversity’ patent for Mix&Go™
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CEO’s Address - Dr. Geoff Cumming
A snapshot of the Mix&Go™ Technology
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ADO has developed Mix&Go™ – a molecular ‘glue’ that significantly improves pathology tests
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Mix&Go™ is a novel ‘glue’ - like a two sided velcro
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Mix&Go™ technology results in earlier detection of disease (more treatment options) OR less expensive test manufacture (less antibody used)
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Mix&Go™ is proven and already licensed to two major healthcare companies – Bangs Laboratories and Merck
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Potential to access numerous and large healthcare segments – pathology (IVD), research, point of care diagnostics, immunoprecipitation
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Mix&Go™ has a solid pipeline of opportunity – over 60 global healthcare companies are currently assessing Mix&Go™ in-house for use/licensing
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CEO’s Address - Dr Geoff Cumming
Anteo’s Short Term Value Drivers In Vitro Diagnostics (IVD) Market
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Global leading IVD companies currently undertaking real time stability testing and associated studies for Mix&Go™
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The IVD market is valued at $10 billion per annum
Research & Development (R&D)
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Currently 2-3 healthcare R&D companies actively considering Mix&Go™
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Short term revenue opportunities as R&D companies take less time on approval processes
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ADO pushing into new areas of research, including the effective use of microtitre plates
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ADO currently researching our ability to improve the efficacy of multiplexing - multiple tests from a single bead
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A strong start to FY2012
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Appointment of highly experienced Non-Executive Chairman
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Recently hired three new Scientists
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Continued growth of pipeline of opportunities
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Anteo is in excellent shape and well positioned for the year ahead
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Shareholder Questions
Dr. Geoff Cumming Chief Executive Officer Anteo Diagnostics Limited Tel: +61 2 8823 3110
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