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Alamar Biosciences Announces Close of Oversubscribed Convertible Notes Financing and Expansion of Leadership Team
BusinessLine· 2026-01-12 08:16
Funding and Investment - Alamar Biosciences, Inc. closed an oversubscribed convertible notes financing, raising over $50 million in new capital, with participation from new investors T. Rowe Price Investment Management, Inc. and Braidwell LP, alongside existing investors like Illumina Ventures and Sands Capital [1][2] - The financing will support the commercial advancement of Alamar's precision proteomics platform, aimed at enhancing early disease detection [1][2] Leadership and Board Expansion - Dr. Stephen Williams has been appointed as Chief Scientific Officer, bringing over 30 years of experience in precision medicine and biomarker innovation [7] - Rebecca Chambers and Dr. Frank Witney have been appointed to the board of directors, contributing extensive financial and life sciences leadership experience [8][9] - The leadership team expansion is intended to support Alamar's growth and commitment to operational excellence [6][9] Company Overview - Alamar Biosciences is focused on precision proteomics to enable early disease detection, utilizing proprietary NULISA™ technology and the ARGO™ HT System for ultra-high sensitivity [12]
Egyptian Drug Authority Authorizes Biomerica's Complete Screening Test Portfolio
Globenewswire· 2025-12-11 13:08
Core Insights - Biomerica, Inc. has received authorization from the Egyptian Drug Authority for its complete portfolio of rapid diagnostic tests, enhancing access to early detection tools for cancer and chronic diseases in Egypt [1][2][10] Product Portfolio - The authorized screening tests include those for colorectal disease, breast self-examination, prostate disease, kidney disease, and H. pylori infection, all designed for point-of-care use [1][3][7] - Tests provide quick results within minutes and do not require laboratory sample processing, making them suitable for diverse clinical and community settings [3][14] Market Need - Colorectal cancer is the 7th most common cancer in Egypt, with an incidence of approximately 5 to 10 cases per 100,000 persons per year, and a concerning trend of late-stage diagnoses [4] - Breast cancer is the most common cancer among women in Egypt, with an age-standardized incidence rate of about 55.4 per 100,000 persons per year, and poorer mortality outcomes due to late-stage diagnosis [5] - Prostate cancer ranks as the fourth most common cancer in Egypt, with increasing incidence rates [6] Health Statistics - Approximately 13% of adults in Egypt are living with chronic kidney disease, which has been among the top five causes of death from 2009 to 2019 [8] - H. pylori infection prevalence in Egypt ranges from 50% to 70%, affecting a significant portion of the population [8] Strategic Impact - The authorization supports national public health efforts to improve early disease detection, enhance health outcomes, and reduce long-term healthcare costs [9][10] - Biomerica's expansion in the Middle East and North Africa (MENA) region is reinforced by this authorization, aligning with global preventive care trends [11]
RetinalGenix Technologies Agrees To Hire M. Cory Zwerling as CFO, Interim COO
Globenewswire· 2025-12-09 00:43
Core Insights - RetinalGenix Technologies Inc. has appointed M. Cory Zwerling as chief financial officer and interim chief operating officer, effective January 1, 2026, to guide the company through its commercial launch [1][2] Group 1: Leadership and Experience - Mr. Zwerling brings over 30 years of experience in healthcare, finance, and operations, particularly in pharmaceuticals, medical imaging, biotechnology, and digital health [1][2] - His background includes leadership roles in global pharmaceutical and imaging divisions, founding a healthcare IT/AI company, and serving as CEO of a medical-device venture, aligning with RetinalGenix's transition from R&D to commercial operations [3] Group 2: Company Strategy and Technology - RetinalGenix is focused on revolutionizing early disease detection and improving patient outcomes through the integration of genetic screening, advanced imaging, and therapeutic development [4] - The company is developing proprietary technologies aimed at preventing blindness and detecting physiological changes indicative of various diseases, including neurodegenerative and cardiovascular conditions [4]
RetinalGenix Technologies Contracts with Seer Bio to Explore Early Detection of Neurodegenerative, Systemic, and Retinal Diseases
Globenewswire· 2025-10-16 09:01
Core Insights - RetinalGenix Technologies Inc. has partnered with Seer, Inc. to develop a platform for early detection and monitoring of systemic, neurodegenerative, and retinal diseases through advanced imaging and proteomics [1][2][4] Company Overview - RetinalGenix is focused on revolutionizing early disease detection and improving patient outcomes by integrating genetic screening, advanced imaging, and therapeutic development [6] - The company utilizes proprietary technologies such as High-Resolution Retinal Imaging and DNA/RNA/GPS Pharmaco-Genetic Mapping™ to detect physiological changes indicative of various diseases [6] Collaboration Details - The collaboration aims to integrate RetinalGenix's non-invasive retinal imaging with Seer's advanced proteomic profiling to identify disease signatures before clinical symptoms appear [2][3] - The partnership targets critical conditions including Alzheimer's disease, Parkinson's disease, diabetic retinopathy, and cardiovascular diseases [2][3][4] - Seer will conduct research, development, and clinical validation programs to accelerate diagnostic innovation and enable broader deployment of early-detection solutions [3][4] Technological Integration - The integration of ultra-high-resolution retinal imaging with molecular biomarker analysis is intended to create comprehensive biomarker profiles for better disease monitoring and predictive modeling [4][8] - Seer's Proteograph® Product Suite is designed to provide deep, unbiased proteomic insights, overcoming limitations of traditional proteomic technologies [5] Vision and Goals - Both companies share a vision to transform early disease detection and advance personalized precision medicine through the convergence of imaging and proteomics [4][8]
RetinalGenix Technologies Contracts with Seer Bio to Explore Early Detection of Neurodegenerative, Systemic, and Retinal Diseases
Globenewswire· 2025-10-16 09:01
Core Insights - RetinalGenix Technologies Inc. has partnered with Seer, Inc. to develop a platform for early detection and monitoring of systemic, neurodegenerative, and retinal diseases through advanced imaging and proteomics [1][2][4] Company Overview - RetinalGenix is focused on revolutionizing early disease detection and improving patient outcomes by integrating genetic screening, advanced imaging, and therapeutic development [6] - The company utilizes proprietary technologies such as High-Resolution Retinal Imaging and DNA/RNA/GPS Pharmaco-Genetic Mapping™ to detect physiological changes indicative of various diseases [6] Collaboration Details - The collaboration aims to integrate RetinalGenix's non-invasive retinal imaging with Seer's advanced proteomic profiling to identify disease signatures before clinical symptoms appear [2][4] - The partnership targets critical conditions including Alzheimer's disease, Parkinson's disease, diabetic retinopathy, and cardiovascular diseases [2][3][4] - Seer will conduct research, development, and clinical validation programs to accelerate diagnostic innovation and enable broader deployment of early-detection solutions [3][4] Technological Integration - The integration of ultra-high-resolution retinal imaging with molecular biomarker analysis is intended to create comprehensive biomarker profiles for better disease monitoring and predictive modeling [4][8] - Seer's Proteograph Product Suite offers a robust workflow that addresses challenges faced by traditional proteomic technologies, enhancing the potential for biological insights [5] Vision for the Future - Both companies share a vision to transform early disease detection and advance personalized precision medicine through the convergence of imaging and proteomics [4][8]
VolitionRX (VNRX) Earnings Call Presentation
2025-07-07 11:45
Company Overview and Strategy - VolitionRx focuses on advancing low-cost, early detection, and treatment monitoring tests in cancer and sepsis[7] - The company's strategy involves licensing its IP to major players, following a low CapEx/low OpEx model similar to its Nu.Q® Vet business[11, 20] - Volition aims to be cash neutral on a full-year basis in 2025, balancing income with expenditure[87] Veterinary Commercial Progress - The Nu.Q® Vet Cancer test is available in over 20 countries[20] - Approximately 120,000 Nu.Q® Vet Cancer tests and test components were sold in 2024[20, 39] - The company has received $23 million in upfront and milestone payments to date, with an additional $5 million milestone payment anticipated in 2025[20] Expansion into Human Diagnostics - Volition is targeting licensing deals in the human sepsis and cancer space in 2025[10] - The company sees a $4 billion opportunity in lung cancer screening, prognostics, and MRD, and a $1 billion+ opportunity in sepsis testing and monitoring[21] - First revenue was recorded for CE-marked product in Q1 2025[85] Financial Performance - Volition recorded approximately $0.25 million in revenue in Q1 2025, a 44% increase over the first quarter of the prior year[87] - Net cash used in operating activities averaged $1.4 million a month, almost 50% lower than the first quarter of 2024[87]