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ANTEOTECH LTD — Investor Presentation 2012
Mar 29, 2012
64304_rns_2012-03-29_12b28aa5-00de-458f-bdf7-f1c3f61a67fd.pdf
Investor Presentation
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Anteo Diagnostics (ASX:ADO)
Investor Presentation
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Better Binding - Faster Dr. Geoff Cumming - CEO March 2012
Disclaimer
The purpose of the presentation is to provide an update of the business of Anteo Diagnostics (ASX:ADO). These slides have been prepared as a presentation aid only and the information they contain may require further explanation and/or clarification. Accordingly, these slides and the information they contain should be read in conjunction with past and future announcements made by Anteo and should not be relied upon as an independent source of information. Please contact Anteo and/or refer to the Company's website for further information.
The views expressed in this presentation contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information.
Any forward looking statements in this presentation have been prepared on the basis of a number of assumptions which may prove incorrect and the current intentions, plans, expectations and beliefs about future events are subject to risks, uncertainties and other factors, many of which are outside Anteo Diagnostics Ltd ’ s control. Important factors that could cause actual results to differ materially from assumptions or expectations expressed or implied in this presentation include known and unknown risks. Because actual results could differ materially to assumptions made and Anteo ’ s current intentions, plans, expectations and beliefs about the future, you are urged to view all forward looking statements contained in this presentation with caution.
This presentation should not be relied on as a recommendation or forecast by Anteo Diagnostics Limited. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction.
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Mix&Go™– A Game Changing Technology
A snapshot of Mix&Go Technology
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• ADO has developed Mix&Go – a molecular glue that significantly improves many 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 three major healthcare companies – eBioscience, Bangs Laboratories and Merck
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Potential to access numerous and large healthcare segments – pathology (IVD), research, point of care diagnostics, immunoprecipitation, cell separation, protein separation, high-throughput screening, blood fractionation
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Mix&Go has a solid pipeline of opportunity – over 80 global healthcare companies are currently assessing Mix&Go in-house for use/licensing
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Company Overview
Strong Leadership:
Board and management has a solid track record of developing commercially successful products
Business Model :
Revenues from product sales, royalties and research and collaboration agreements with diagnostic and other . life sciences companies
Proven Technology Platform:
Proprietary technology licensed to major international players with additional deals anticipated
Patented Technology:
Significant and growing patent portfolio
Robust Deal Portfolio:
Over 80 of the major global names in several distinct markets and market segments are actively assessing our process in-house
Strong Balance Sheet:
$5.5 million of cash gives us runway into calendar 2014 on current burn rate
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Mix&Go Technology Without Mix&Go the signal is weak and/or variable
Without Mix&Go
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2xSignal 2xSignal No Signal
1xSignal
Mix&Go
4xSignal 4xSignal 4xSignal 4xSignal
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With Mix&Go
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Impact of Mix&Go: detect disease earlier = more treatment options
Why is Mix&Go a Game Changer?
Sensitivity is the key
- Mix&Go enables 10x more sensitive test than existing immunoassays - better sensitivity means earlier detection of disease.
A whole new market for high-sensitivity testing awaits with Mix&Go
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Due to sensitivity limitations, only 2,000 serum proteins are routinely analysed. There are about 100,0000 serum proteins believed to exist in human blood which are not analysed due to limitations in existing assays - Mix&Go removes these limitations
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Speed to market for new tests being developed
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Customers comment that it greatly simplifies and speeds up R&D activities – therefore ability to get products to market quicker.
Ease of manufacture
- A one step procedure and robust to changes in other variables.
Less raw materials required to produce existing high volume tests
- Demonstrated as much as 80% saving in key component (antibodies) in partnership with IVD company.
Scalability
- Shown 20,000x change in scale without any changes to procedures.
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ADO Is Now Building Multiple Pipeline And Licensing Opportunities For Mix&Go
| TESTING | |||||
|---|---|---|---|---|---|
| SECTOR | MARKET PARTICIPANTS | MIX&GO™ IN | |||
| HOUSE | |||||
| IVD (Pathology) | Bead manufacturers (eg Dynal, Merck, JSR, Bangs, Chemagen) |
√√√√ | |||
| Test manufacturers/suppliers (eg Roche, Beckman, Abbott, DiaSorin, Ortho, bioMerieux, |
√√√ | ||||
| Novartis) | |||||
| Life Sciences & Healthcare Research |
Assay and component manufacturers and developers (eg eBiosciences, Future Diagnostics, |
√√√√ | |||
| Sigma) | |||||
| Point of Care | Test manufacturers/suppliers (eg Alere, Philips ) | √√ | |||
| Molecular Diagnostics | Instrument manufacturers (eg Life Technologies) | √ | |||
| Immunoprecipitation | Proteomics manufacturers/suppliers (eg PE, Merck/Millipore) |
√√√ | |||
| ADO is currently | pursuing opportunities in all these sectors with over 80 | ||||
| healthcare companies | |||||
Mix&Go - Commercialisation Strategy
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ADO has licensed eBioscience to use Mix&Go. They intend to incorporate Mix&Go into their existing FlowCytomix range immediately
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ADO to provide ongoing development support to eBio to facilitate rapid uptake of Mix&Go usage and incorporation into new products
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ADO has licensed Bangs Laboratories to use Mix&Go on “approved” Bangs manufactured beads – currently two products including its largest selling product
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Revenue from sale of Mix&Go and royalty on sale of Mix&Go treated product
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Signed Agreement with Merck Chimie for Anteo to manufacture two new products for them to package and sell
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Strategic intent to access research market through bead manufacturers
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Strategic intent to access pathology market through IVD manufacturers/suppliers
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Model to be replicated across other markets
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What Could Mix&Go Be Worth?
Realistically Addressable Market for ADO*
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Research Market $50 M
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Protein arrays: $18M – 8% total market for reagents ~ $220M in 2012
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ELISA assays: $32M – 8% of total market for reagents ~ $400M in 2012
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IVD immunoassay Market ~$420M (4% of total market of $10.5B in 2012)
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• POC Market ~$300M
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Lateral flow market: ~ $70M (2.5% of total market of $2.7 B in 2010)
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Biosensors: ~$220 (2.5% of total market of $8.5B in 2012)
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Separation Technologies: $310M
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Cell separation: $50M (2.5% of $2B total market)
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Immunoprecipitation >$100M
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Affinity chromatography: $35M (2.5% of $1.4 B total market in 2012)
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Protein separation: $125M (2.5% of total $5B market in 2011)
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Additional opportunities to be evaluated in:
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High-throughput screening
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Blood fractionation
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Medical devices
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Non-medical/life-science applications
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> $ 1 billion market opportunity for Mix&Go™
*Realistically addressable market means the estimated portion of the market we can directly address with Mix&Go™, not total market size which is much higher and provided in most cases as point of reference
Other Mix&Go Applications
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Other (non-human) diagnostic markets – including veterinary and agriculture
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Other diagnostic platforms – including biosensors and biochips
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Verify product authenticity e.g. LVMH, Bank Notes
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Marine anti-fouling – attach biocide to exposed surfaces
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Artificial cartilage on prostheses
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Tracking and other data collection for logistics purposes
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Solar cell production
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Short-Term Value Drivers
Research & Development:
Currently 2-3 healthcare R&D companies actively considering Mix&Go - short term revenue opportunities as R&D companies take less time on approval processes
Major global IVD Players:
ADO continues to work closely with many of the leading global IVD players. Outcomes remain positive. Decision making remains slow
Life sciences market:
ADO actively pursuing possible supply agreement with leading global life sciences company and licensing agreements with several others
Value will come from Mix&Go enabling greater sensitivity and ease of develo ment and roduction – o ens u a whole new market for testin p p p p g
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Recent Developments
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Ms. Sandra (Sam) Andersen appointed as Non-Executive Director May 2011
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Mr Mark Bouris appointed as Non-Executive Chairman August 2011
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• Australian Patent Office has accepted the Use of Metal Complexes patent for Mix&Go September 2011
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• European Patent Office confirms grant of the Generation of Surface Coating Diversity” patent September 2011
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Japanese Patent Office grants the “Use of Metal Complexes” patent December 2011
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USPTO issued a Notice of Allowance on “Use of Metal Complexes” patent January 2012
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Divisional patent on “Use of Metal Complexes” patent filed with USPTO March 2012
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Anteo signs licensing agreement with eBioscience March 2012
Corporate Structure & Financials
Share Price (52 Week Range): 5 cents to 10.5 cents Currently around 8.0 cents
Net Cash Position (31/12/11): $5,528,617
Market Capitalization: $61 million Average Daily Volume: 4,039,944
Shareholders: 3,537
Top 20: Hold 36.82% issued capital
Shares on Issue : 762,301,591
Directors/Staff: 17.8%
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ANTEO DIAGNOSTICS LTD
Top 20 Holdings as at 27 March 2012
| Shareholder Name | Shares | Shareholder Name | Shares |
|---|---|---|---|
| First Cape Management PTY LTD |
77,511,398 | Miss Wei Wei Wai | 9,328,863 |
| Austcorp No 190 Pty Ltd | 32,955,566 | Mr Konstantinos Bagiartakis | 7,494,755 |
| Nimrod Finance LTD | 19,867,574 | JP Morgan Nominees Australia Ltd | 7,204,500 |
| Mr Ian Andrew Noble & Mrs Annette Joy Noble |
17,400,000 | Mr Janakan Krishnarajah | 6,739,193 |
| Mrs Elizabeth Anne Sietsma | 17,000,000 | Growsmart Super Fund Pty Ltd | 6,000,000 |
| Masali Pty Ltd | 12,500,000 | Mr Nobuyoshi Joe Maeji | 4,815,781 |
| Sietsma Holdings Pty Ltd | 12,400,000 | Mr Matthew David Burford | 4,600,608 |
| HSBC Custody Nominees (Aust) LTD |
10,844,786 | Mr Charles Edward Logan | 4,578,443 |
| Mr Thomas David Cumming | 10,500,000 | BT Portfolio Services Ltd Super Fund A/C> | 4,500,000 |
| ACT 2 Pty Ltd Pty Ltd | 10,000,000 | Mrs Angela Maree Rowe | 4,470,000 |
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Summary
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Mix&Go is a proven and commercialised technology
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Mix&Go now targeting an established IVD (pathology) market
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Mix&Go being tested by healthcare companies in multiple sectors - pathology (IVD), research, point of care, diagnostics, immunoprecipitation, R&D
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Over 80 leading healthcare companies currently testing and assessing the technology – not one has said no
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Mix&Go has multiple applications outside of healthcare
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ADO well funded with $5.5 million in cash – potential to access current market opportunities with current cash position
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Contact
Dr. Geoff Cumming Chief Executive Officer Anteo Diagnostics Limited Tel: +61 2 8823 3110
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