Personalized Medicine

Search documents
Interpace Biosciences Announces First Quarter 2025 Financial and Business Results
Globenewswire· 2025-05-08 20:05
Core Viewpoint - Interpace Biosciences reported strong financial results for Q1 2025, highlighting record revenues in thyroid testing and a positive outlook for the full year despite the loss of PancraGEN revenue after May 2, 2025 [2][3]. Financial Performance - Q1 2025 net revenue was $11.5 million, a 13% increase from $10.2 million in Q1 2024 [6][7]. - Income from continuing operations was $1.8 million, up from $0.8 million in the prior year quarter, reflecting a $0.9 million improvement [2][7]. - Gross profit margin improved to 64% compared to 62% in the prior year quarter [7]. - Adjusted EBITDA for Q1 2025 was $2.1 million, compared to $1.2 million in Q1 2024 [7][21]. Revenue Growth - Cash collections reached $11.3 million, a 10% increase year-over-year, achieving record levels [6][7]. - Thyroid test revenue was $8.0 million, representing a 19% increase year-over-year, with test volume up 16% [6][7]. Future Guidance - The company initiated full-year 2025 revenue guidance of approximately $38 million, despite anticipated challenges from the loss of PancraGEN revenue [2][3]. Company Overview - Interpace Biosciences is focused on personalized medicine, providing molecular diagnostic tests and bioinformatics services to evaluate cancer risk [5].
ORYZON Awarded €13.26 Million Through the First Important Project of Common European Interest (IPCEI) in the Health Sector (Med4Cure Project)
Globenewswire· 2025-05-08 12:00
Core Insights - Oryzon Genomics has received a non-refundable grant of approximately €13.26 million (around $15 million) for its VANDAM project, which is part of the Med4Cure initiative aimed at supporting pharmaceutical research and innovation in Europe [1][3][4] - The grant covers 64% of the total budget for the VANDAM project, which is €20.68 million [1][4] - The VANDAM project focuses on developing therapies for rare neurodevelopmental disorders and neuroendocrine tumors, with a personalized medicine approach [2][3] Company Overview - Oryzon Genomics is a clinical-stage biopharmaceutical company based in Barcelona, Spain, specializing in epigenetics and personalized medicine for CNS disorders and oncology [5] - The company has two main drug candidates: vafidemstat, which is in Phase III readiness for CNS disorders, and iadademstat, currently in Phase II for oncology [5][6] - Oryzon's team consists of experienced professionals from the pharmaceutical industry, with operations in Barcelona, Boston, and San Diego [5] Project Details - The VANDAM project, which stands for "Validation of epigenetic Agents for Neuro-related rare Diseases Applying a personalized Medicine approach," is a 44-month initiative that began in January 2023 and will conclude in August 2026 [2][3] - The project aims to improve the quality of life for patients with rare diseases by developing targeted therapies based on a deeper understanding of the molecular causes of these conditions [2][3] Strategic Importance - The grant is considered a key component of Oryzon's clinical strategy, enabling the acceleration of clinical development for vafidemstat and further exploration of its therapeutic potential in managing aggression in rare diseases, including specific subtypes of Autism Spectrum Disorder (ASD) [2][4] - The funding will also support the investigation of iadademstat in rare tumors and genetically driven hematological diseases, areas with significant unmet medical needs [2][4] Collaborative Framework - Med4Cure is a pan-European project involving 14 scientific initiatives developed by 13 companies across six EU Member States, coordinated in Spain by the Centro para el Desarrollo Tecnológico y la Innovación (CDTI) [3] - Oryzon participates as an Associated Partner within this consortium, which is integrated into Spain's national Recovery and Resilience Plan [3]
Clinical Trials Market Forecast Report 2025: A $99.25 Billion Industry by 2033, Driven by Acceptance of Decentralized Experiments, Shift Towards Personalized Medicine, Demand for Effective Treatments
Globenewswire· 2025-03-10 14:18
Core Insights - The clinical trials market is projected to grow from US$ 58.39 billion in 2024 to US$ 99.25 billion by 2033, with a CAGR of 6.07% from 2025 to 2033, driven by various factors including healthcare demands and technological advancements [1][18]. Growth Drivers - The rising incidence of chronic illnesses is increasing the demand for effective treatment development, with significant global prevalence of diseases such as diabetes and cancer [3][4][5]. - The acceptance of decentralized clinical trials (DCTs) is enhancing patient participation and reducing logistical costs, making trials more efficient and patient-centered [6][7]. - The shift towards personalized medicine is expected to improve drug development success rates by utilizing pharmacogenetics, leading to increased investments in clinical trials by biopharmaceutical companies [8][9]. Market Dynamics - Phase III trials hold the largest market share due to their extensive patient involvement and higher costs, averaging over USD 19.0 million per trial [14]. - Oncology is the leading indication segment in the clinical trials market, attributed to the high prevalence of cancer and the number of ongoing trials [16]. - Interventional studies are projected to dominate the market, driven by the need for improved diagnostics and vaccines for viral diseases [17]. Challenges - Ethical and regulatory issues pose significant challenges for clinical trials, particularly those involving animal-based products, leading to increased costs and delays [10][11]. - Long trial durations and variability in individual responses complicate the clinical trial process, necessitating larger sample sizes and more complex methodologies [12][13].
ReShape Lifesciences® Receives Notice of Allowance for U.S. Patent Related to Its Proprietary Diabetes Neuromodulation Technology
Globenewswire· 2025-03-10 12:31
Core Insights - ReShape Lifesciences has received a Notice of Allowance for a patent on a novel Diabetes Neuromodulation system, which aims to improve glycemic control and reduce medication dependence for Type 2 diabetes patients [1][2] - The patent will provide protection until April 12, 2039, and is part of a broader intellectual property portfolio that includes 62 issued or pending patents [2] - The Diabetes Neuromodulation technology utilizes proprietary vagus nerve block (vBloc™) technology to regulate blood glucose levels by modulating the vagus nerve's influence on the liver and pancreas [2][3] Company Overview - ReShape Lifesciences is a leading company in weight loss and metabolic health solutions, offering a range of products including the FDA-approved Lap-Band systems and Obalon balloon technology [4] - The company is transitioning its assets, including the DBSN™ system, to Biorad Medisys, which will own the system following the asset purchase agreement [5] Technology and Research - The Diabetes Neuromodulation system is a minimally invasive implant that delivers bio-electronic neuromodulation to regulate plasma glucose levels [3] - Pre-clinical studies have demonstrated improved glycemic control in animal models of Type 2 diabetes, indicating the potential effectiveness of the technology [2]
Aclarion (ACON) Update / Briefing Transcript
2024-11-23 13:02
Aclarion (ACON) Update / Briefing November 23, 2024 07:00 AM ET Speaker0 The during the webcast, you may do so at any point during the presentation by clicking on the Ask Question button on the left of your screen. Type your question into the box and hit submit. I'd now like to turn the floor over to today's host, mister Seth Trayman, executive chairman of Aclarian Incorporated. Sir, the floor is yours. Speaker1 Thank you. Hello, everyone. My name is Jeff Trayman. I'm the executive chairman of Aclarian. A l ...