“Solid commercial progress and growing revenue streams achieved in 2013 enhance
Anteo’s prospects of becoming cash flow positive in CY2014”
Anteo Diagnostics Limited (ASX:ADO)
ASX Spotlight Series - New York and London February/March 2014
Presented by Dr. Geoff Cumming Managing Director & CEO
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Company Snapshot
Anteo Diagnostics Limited (“Anteo”) is an
Australian biotechnology company that
develops, manufactures and
commercialises proprietary surface
coatings for the global healthcare industry.
Board of Directors Mr. Mark Bouris – Non-Executive Chairman Dr. Geoff Cumming – Chief Executive Officer Ms. Sandra (Sam) Andersen – Non-Executive Director Mr. Richard Martin – Executive Director Dr. John Hurrell – Non-Executive Director
Executive Team Dr. Geoff Cumming – Chief Executive Officer Dr. Joe Maeji – Chief Scientific Officer Mr. Richard Martin – Chief Financial Officer Dr. Tina Baumgartner – VP Business Development & Marketing
Corporate Snapshot
ASX ADO
Cash $7.1M
Market Cap. $134
52 week high $0.20
52 week low $0.05
Shares on issue 814.4M
Shareholders 4,414
Top 20 31%
Directors/staff 17%
Major Shareholders
First Cape Mgt Pty Ltd 9.52%
Austcorp 190 Pty Ltd 4.05%
Nimrod Finance Ltd 2.44%
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Recent Highlights
Solid commercial progress and growing revenue streams achieved in 2013…
…enhancing the company’s prospects of becoming cash flow positive in CY2014
Feb 2013
Sales partnership agreement with U.S. based One World Lab
May 2013
Sales partnership agreement with Spanish based Gennova Scientific for Europe & Latin America
June 2013
Feasibility agreement with global healthcare company for development of Point of Care device
June 2013
Granted European Patent on Mix&Go
July 2013
Received a 2-year $1.7M grant with Commercialisation Australia from April 2013
November 2013
Heads of Terms signed with BBI Solutions, a global leader in immunoassay development and
manufacturing services
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Mix&Go: A Game Changing Product with emerging revenue streams and significant
growth potential
Mix&Go is a specialized universal “glue”:
• uniquely suited for applications in
diagnostics and life sciences
• Forms ultrathin (< 1nm) layers that bond
strongly
• Is gentle and does not damage the activity
of fragile biomolecules
• Improves pathology tests earlier
disease detection
• Reduces cost of test development and
manufacture (faster/less Ab required)
Mix&Go - Universal Surface Coating
Mix&Go is applicable to numerous other
large healthcare related segments, e.g.:
• Separation of proteins and cells
• Drug discovery and
development
• Medical devices
• Drug delivery
Mix&Go is well suited to be the “glue” of choice in a variety of applications and industries outside of
healthcare, e.g. Resources and Cleantech
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Undamaged, oriented
Characteristics Benefits
Undamaged, fully functional proteins on surface
Increased performance Less non-specific binding Improved protein stability
Less protein and/or beads required Reduced cost Saves valuable, expensive proteins
Easy and fast to use and manufacture
Improves efficiency Simpler test procedures Manufacturing faster, easier, more scalable
Improved reproducibility Improved accuracy with improved %CV
Characteristics
Vast majority of proteins are non-functional
More protein (Ab) needed
Complicated, time-consuming procedures Expert knowledge needed
Lower sensitivity, LOD, dynamic range
Orientation is random
Proprietary solution: metal polymers
3D structure is damaged
Game Changing Products for Life Sciences
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• Development Fees: From $250,000+ per full-time employee
• License Fees: From $150,000 + p.a
• Ongoing Royalties: On sales from products containing Mix&Go
Potential royalty earnings vary depending on the size of the company and the degree of benefit Mix&Go can bring.
Anteo has multiple and recurring revenue streams including:
Value Creation and Capture
Anteo is targeting large and growing healthcare sectors with Mix&Go. The compelling market opportunities are:
• Laboratory Diagnostics: Encompassing the global IVD market valued at $44 billion in 2011, including the
immunoassay sector at $8.8 billion
• Point-of-Care: Expected size of market by 2017 is $38 billion
• Rapid Test Products: Valued at $3.7 billion in 2012
• Life Science R&D: A very large and diverse $1 billion sector
• Bioseparations: Encompassing protein and protein drug manufacturing sector valued at up to $5 billion
Large global healthcare markets underpin revenue growth potential
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Anteo has 4 advanced projects and ongoing pipeline development. We expect to close
deals with 10 or more medium to large companies during next 4 years.
Milestones 2014
License and supply agreement with global point-of-care company
Extension of agreement with global lateral flow company
Anteo Mix&Go (AMG) bead and plate products launched in Australia
Pipeline of additional, unique, value-added solutions for the R&D space realised with partners worldwide
Advancing near-term value accretive opportunities that will translate quickly into revenue….
Anteo is commencing its next phase of product development
Anteo filed two sets of patent applications in August 2013. These patents will complement the existing Mix&Go patent
portfolio, and expand the protected areas of application to bioseparations, drug screening, drug delivery and areas
outside the health care industry, e.g., in clean tech and resources sectors.
2014 2015
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Paradigm Shift
With Mix&Go magnetic separation can become
reality
• Technically superior solution
• Economically advantageous
Leverage Mix&Go in bioseparations to create
significant long-term revenue streams for Anteo
Current Approach
Chromatography:
• Time consuming
• Expensive
• Hard to automate
• Capacity constraints
Alternative
Magnetic separation:
• Technically superior
• Currently unaffordable
Large Opportunities
• Protein and protein drug manufacturing: $3-
5B
• Vaccine manufacturing: $620M in 2015
• Stem cell therapy market,: $1 B, CAGR 30%
Bioseparation – Anteo’s Next Opportunity
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• Biomaterials/Blood banking
• Medical devices
• High-throughput drug screening
• Cleantech
• Mining
• Others??
Anteo’s Opportunities
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Anteo’s Keypoints
Mix&Go is a proprietary platform technology with broad applicability in
diagnostics, life sciences, bioseparations and beyond
Mix&Go is proven licensed and gaining significant traction in commercial
markets
Mix&Go success means Anteo is becoming cash flow positive
Strong near term value drivers
Focus on diagnostics and life sciences with expansion into bioseparations
provides Anteo significant revenue opportunities
Strong leadership - Board and management team in place to drive growth
Global team, resources and network to capitalise on growth opportunity
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Contact Information
Thank you very much for your interest in Anteo Diagnostics
For more information please contact:
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Forward Looking Statement
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.