Since 2004, Medical Prognosis Institute, a Danish IT-Medico company, has developed a method to improve the diagnostics process and drug treatment of cancer patients. DRP, Drug Response Prediction, is a Companion Diagnostics-product which can predict which patients will respond to a drug and can also predict which disease or indication has the highest fraction of responders. Limiting the clinical trial population to those patients who are predicted to respond to a new drug dramatically increases the probability of successful phase III drug development.
Carsten Borring, Head of Listing and Capital Markets NASDAQ OMX Copenhagen said: “We are proud to welcome Medical Prognosis Institute to First North Copenhagen. MPI is a company with an interesting proposition and a company with international growth ambitions. Market conditions are improving and we hope MPI will benefit from having the First North-platform as a point of departure for meeting new investors and partners.”
Peter Buhl Jensen, CEO of Medical Prognosis Institute said:” Having MPI admitted to trading on First North is a stamp of approval towards international partners and works to highlight the company’s potential to investors and other stakeholders. Since 2004, MPI has gone through a remarkable transformation from being a research heavy company to now having a product on the market. I would like to thank existing shareholders for the support and look forward to welcoming new investors."
Certified Advisor is Carsten Yde Hemme, PricewaterhouseCoopers
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