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Luminos enters licensing agreement with University of Pittsburgh

Luminos has signed an exclusive license agreement with the University of Pittsburgh to use their patented technology to develop and sell detection kits which contain a new fluorescent sensor to detect the rare metals palladium and platinum.

The fluorescent molecule was developed in Professor Kazunori Koide’s lab at the University’s Department of Chemistry. The technology allows the end user to quantitatively detect palladium or platinum in samples simply and rapidly using the fluorescent signal generated.

Russell Hart, general partner of Luminos, said: “One major application is the quantitative detection of palladium contamination in pharmaceutical products and API’s. We will develop a kit to measure the metal at the lab bench during the chemical synthetic process.”