By Nicholas Bryant
Friday 1st September 2000
|Text too small?|
|COUGH LOLLY: The ground-breaking research is believed to have isolated an anti-bacterial protein that can cure streptococcal throat infections|
Broking sources said the company, Blis Technology, is within weeks of being quoted on the secondary board of unlisted securities, alongside Mr Patterson's white-hot A2 Corporation.
A2's share price increased 4000% in four months based on reports the company had isolated a milk protein in cows, A1, that increased the incidence of heart disease and diabetes.
The company is hoping to gain exclusive rights to milk products produced by "A2" cows which lack the troublesome protein.
But sources said Blis Technology has the potential to be even bigger than A2 as it is believed to have discovered a cure for an ailment that affects practically everybody - a sore throat.
Blis is an acronym for bacteriocin-like inhibitory substances.
Its exclusive technology, developed by a group of local scientists, focuses on a naturally occurring organism called salivaricin B.
The ground-breaking research is believed to have isolated an anti-bacterial protein that can cure streptococcal throat infections.
The market for strep-throat cures is huge, but most such conditions are receptive to treatment with penicillin-based antibiotics.
Doctors canvassed for their opinion of Blis's potential said it was obviously huge, but little could be ascertained without seeing the science.
"It sounds like quite a breakthrough, more along organic lines than traditional medicine, like the bug that kills the fruitfly in the orchard," one said.
Sources said Blis Technology was actively pursuing commercial possibilities of its discovery and was already negotiating with multinational firms.
International patent applications are also believed to have been lodged.
The prospect is understood to have been so promising among Blis's investors, many of whom also own shares in A2, that its private float was four times oversubscribed.
No comments yet
Rio Tinto decision following strategic review of Tiwai
Contact says smelter closure is ‘disappointing’
South Port (SPN) Statement on NZAS Tiwai Point Aluminium Smelter Closure
Rio Tinto announcement on Tiwai Aluminium Smelter
Me Today announces equity raising to accelerate growth
Scott Technology Trading Update; Rising to the COVID Challenge
New non-binding indicative offer received from apvg, shareholder meeting deferred
U.S. Added 4.8 Million Jobs in June as Reopened Businesses Rehired
Auditors have a duty to be alert to fraud
Strong sales recovery but uncertainty remains over economic outlook and potential second wave of COVID-19