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Renovaro and BioSymetrics Close Merger to Accelerate AI-Driven Biomarker Discovery and Precision Medicine
Globenewswire· 2025-04-09 13:25
Core Viewpoint - The merger between Renovaro Biosciences Inc. and BioSymetrics aims to enhance advanced AI-driven drug development and expand precision medicine applications in oncology and neurology [1][4]. Group 1: Merger Details - Renovaro completed its merger with BioSymetrics on April 8, 2025, to strengthen its capabilities in data repository and biomarker discovery [2][1]. - The merger integrates BioSymetrics' Elion platform, which utilizes AI and machine learning to accelerate the discovery of diagnostics and therapeutics [3][4]. Group 2: Technological Synergy - BioSymetrics' Phenograph and advanced in vivo modeling systems are designed to improve target and biomarker identification, enabling patient stratification and drug repurposing [3][4]. - The combined company aims to streamline the translation of biomarker insights into accelerated drug discovery timelines, enhancing research efficiency [3][5]. Group 3: Strategic Goals - The merger is expected to enhance Renovaro's ability to identify new therapeutic targets and validate diagnostics, particularly in oncology and neurology [4][5]. - The focus will be on integrating AI-powered biomarker discovery with innovative drug development to improve patient outcomes globally [5].
Renovaro Completes First Milestone Payment to Finalize Definitive Agreement with Predictive Oncology
Globenewswire· 2025-03-03 14:15
Core Insights - Renovaro Biosciences Inc. has initiated the first tranche of financing to Predictive Oncology, Inc. to integrate AI/ML platform technologies and core laboratory capabilities in Europe and the United States [1][3] - The merger with Predictive Oncology and BioSymetrics significantly enhances Renovaro's capabilities in biomarker and drug discovery, particularly in oncology [1][2] Company Developments - The combined entity will leverage Predictive's AI-driven drug discovery platform, which includes a biobank of over 150,000 patient tumor samples and 200,000 pathology slides, to commercialize drug discovery and diagnostic platforms [2][4] - Renovaro has committed an additional $15 million in equity to accelerate its focus on revolutionizing healthcare through advanced diagnostics and drug discovery [3] Strategic Goals - The integration aims to create a comprehensive AI stack and an end-to-end solution for biomarker discovery and validation for precision medicine [3] - The transaction involves issuing an 18-month $3 Redeemable Preferred share to each Predictive Oncology shareholder, with further developments to be disclosed upon Board approval [3] Industry Context - Predictive Oncology is at the forefront of using AI and machine learning for early biomarker and drug discovery, with a scientifically validated platform that predicts drug response with 92% accuracy [4] - The company offers one of the industry's broadest AI-based drug discovery solutions, supported by its CLIA lab and GMP facilities [4][5]
Renovaro and BioSymetrics Announce Definitive Merger Agreement to Advance AI-Driven Biomarker Discovery and Precision Medicine
Globenewswire· 2025-02-26 18:25
Core Insights - Renovaro Biosciences Inc. has announced a definitive agreement to merge with BioSymetrics to enhance biomarker identification and drug discovery capabilities in precision medicine for cancer and other diseases [1][3][4] Group 1: Merger Details - The merger aims to integrate BioSymetrics' AI-driven Elion platform, which accelerates the discovery of diagnostics and therapeutics by uncovering complex biological relationships [2][4] - The transaction is expected to close in March 2025, pending customary closing conditions and regulatory approvals [5] Group 2: Technological Advancements - BioSymetrics' Phenograph provides a translational engine that maps clinical signals to therapeutic targets, improving target and biomarker identification [2] - The combined entity will leverage advanced AI in vivo modeling and machine vision systems for high throughput phenotypic screening, enhancing research efficiency [2][4] Group 3: Strategic Goals - The merger is positioned as a pivotal step in advancing precision medicine and improving patient outcomes through enhanced diagnostic capabilities and therapeutic interventions [3][4] - The collaboration emphasizes a commitment to harnessing AI and data-driven approaches to accelerate the journey from discovery to clinical application [4]