Proteome gets milestone payment from Thermo Scientific

Proteome Group announced a milestone payment for sales of ‘TMT’ and ‘TMTpro’ on Thursday.

The AIM-traded firm said that under the exclusive licence and distributor agreement with Thermo Scientific, a cumulative sales milestone had been achieved by Thermo Scientific.

“Pursuant to the sales milestone, a milestone payment of £0.87m has been received by the company, and will be recognised in the 2022 financial year,” the board said in its short statement.

At 1608 GMT, shares in Proteome Group were down 1.43% at 3.45p.

Reporting by Josh White for Sharecast.com.