Kiromic BioPharma Announces Closing of Initial Public Offering

On October 20, 2020 Kiromic BioPharma, Inc. (the "Company"), a target discovery and gene-editing company utilizing artificial intelligence and a proprietary neural network platform with a therapeutic focus on immuno-oncology, reported the closing of its initial public offering of 1,250,000 shares of its common stock at a public offering price of $12.00 per share, for gross proceeds of $15,000,000, before deducting underwriting discounts, commissions and offering expenses (Press release, Kiromic, OCT 20, 2020, View Source [SID1234568701]). In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 shares of common stock at the initial public offering price, less the underwriting discount, to cover over-allotments.

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The shares began trading on the Nasdaq Capital Market on October 16, 2020 under the ticker symbol "KRBP."

ThinkEquity, a division of Fordham Financial Management, Inc. acted as sole book-running manager for the offering. Paulson Investment Company, LLC acted as co-manager for the offering.

A registration statement on Form S-1 (File No. 333-238153) relating to the shares was filed with the Securities and Exchange Commission ("SEC") and became effective on October 15, 2020. The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, a division of Fordham Financial Management, Inc., 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673, by email at [email protected].

InterVenn Enters into Collaboration with Agilent Technologies on Clinical Glycoproteomic Analysis

On October 20, 2020 InterVenn, a San Francisco based biotechnology company innovating precision medicine and diagnostic products using next-generation mass spectrometry coupled to a proprietary artificial Intelligence/machine learning-based data processing engine, reported a collaboration with Agilent Technologies, a leading provider of bio-analytical and scientific instrumentation (Press release, InterVenn Biosciences, OCT 20, 2020, View Source [SID1234568700]). The signing of the collaboration took place on 7 September 2020, with Mr. Fadzhairi Jabar, InterVenn Malaysia’s General Manager, and Mr. Soh Lam Seng, Agilent’s Malaysia Country Manager, Laboratory Solutions Sales. Also present at the signing ceremony were En. Muhamad Husni, the Acting Head of TPM Nexus Sdn Bhd (a subsidiary of Technology Park Malaysia Corporation) and Mr. Robin Philp, Southeast Asia Academia and Collaborations Manager, Laboratory Solution Sales, Agilent.

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This strategic partnership gathers the strength of both parties to develop cutting edge precision diagnostic tools by investigating targeted glycoproteomic biomarkers for diseases such as cancer. The focus of this collaboration will be on diseases common in Southeast Asia, and the premises for this development work will be at InterVenn Malaysia’s laboratory located at Technology Park Malaysia in KL.

"We are very pleased to welcome Agilent as a strategic partner to our research and development effort. This partnership goes a long way toward realizing InterVenn’s long-held vision to establish a Center of Excellence of Glycoproteomics for Southeast Asia at its premises ain Kuala Lumpur that will not only allow InterVenn to accelerate its collaborative work with leading academics in Malaysia and the region, but will also serve as a training and demonstration center for aspiring scientists and start-up companies in Southeast Asia. Perhaps most importantly, this new laboratory will be the first of its kind offering diagnostic tools based on the science of glycoproteomics for the healthcare needs of the more than 650 million citizens of the region. The collaboration will, without doubt, place both partners on the leading edge of both innovation and public service," said Aldo Carrascoso, CEO of InterVenn.

"Agilent is very excited to become a strategic partner with InterVenn in the establishment of a Centre of Excellence of Glycoproteomics. The opportunity to engage in the area of clinical measurement and especially for diseases such as cancer is of great importance and of societal benefit. The forward looking vision to extend the collaboration with academic institutions is also one that is shared by Agilent in its capacity to work with seats of learning and education. Agilent wholeheartedly embraces this opportunity and looks forward to a successful outcome," said Robin Philp, Academia and Collaborations Manager at Agilent.

Median Technologies Records Its Eighth Consecutive Quarter of Revenue Growth

On October 20, 2020 Median Technologies (Paris:ALMDT)(ALMDT), The Imaging Phenomics Company, reported an update on its performance for Q3, 2020 (unaudited figures) (Press release, MEDIAN Technologies, OCT 20, 2020, View Source [SID1234568699]).

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Revenue totalled €3.5m in Q3 2020 vs. €2.3m in Q3 2019, a 50% increase. Revenue growth was up 12% compared to Q2 2020. The company has experienced a steady increase in its quarterly revenue for eight consecutive quarters. At the end of Q3 2020, cumulative revenue for the first three quarters of 2020 was €9.4m, higher than that generated throughout the entirety of 2019 (€9m). Revenues are entirely generated by the iCRO1 business unit, which provides imaging solutions and services for oncology trials.

As of September 30, 2020, the order backlog2 was solid at €50.7m, in a context of revenue growth. In Q3 2020, phase I/II studies, which typically have lower unit budgets than phase III studies, were signed with new clients. The company also recorded the cancellation of a phase III contract due to the Covid-19 outbreak.

As of September 30, 2020, the Company cash and cash equivalents was €17.3m. In Q3 2020, the company monthly average cash burn rate was €0.7m.

"We are satisfied to record a new revenue growth in the third quarter, despite the global health and economic situation. Our order backlog of more than €50m is strong in a context of accelerating conversion into revenues. We expect this momentum to continue in a sustainable manner over the coming quarters", Fredrik Brag, Median’s CEO said.

Validation of Bluestar Genomics’ Technology for Non-Invasive Detection of Pancreatic Cancer Published in Nature Communications

On October 20, 2020 Bluestar Genomics, an innovative company leading the development of next-generation epigenomic approaches to early cancer detection, reported the publication of study results in the peer-reviewed journal Nature Communications (Press release, Bluestar Genomics, OCT 20, 2020, View Source [SID1234568698]). The study demonstrates the power of the company’s platform to detect pancreatic cancer in its early stages, addressing the unmet need of more than 60,000 patients diagnosed with the disease each year in the United States alone. The research shows that utilizing Bluestar’s epigenomic technology to analyze a simple blood draw effectively identifies the presence of pancreatic cancer in patients’ DNA circulating in their blood, enabling non-invasive, precise detection of the disease, which could lead to more timely treatment and improved patient survival.

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"Pancreatic cancer is a deadly disease with no current screening methods for the larger population," said Samuel Levy, Ph.D., chief executive and chief scientific officer at Bluestar Genomics, and the senior author of the study. "The Nature Communications publication demonstrates that our technology provides a crucial foundation for the development of a screening test that will set a new standard for liquid biopsies and the future of cancer screening."

Published results from a study of 307 patients, including both men and women ages 40 or older, showed that Bluestar Genomics’ technology identified distinctive patterns in thousands of genes that could serve as a biomarker for blood-based pancreatic cancer detection to enable the development of a future cancer screening test. The study includes application of the detection strategy to novel samples not included in the development set, providing validation that holds promise for early-stage detection in larger patient groups.

"Pancreatic cancer is the third leading cause of cancer death in the U.S. and the absence of a robust screening test in clinical care means that this cancer is often detected at an advanced stage, leaving patients with fewer treatment options," said Kelly Bethel, M.D., chief medical officer at Bluestar Genomics.

Gulfem Guler, Ph.D., the lead author of the study and Bluestar Genomics’ lead scientist on pancreatic cancer research, further stated, "This publication demonstrates that the utilization of our epigenetics platform can identify tumor biology in plasma earlier, which can bring the possibility of earlier treatment options to patients, potentially increasing their survival."

In pancreatic cancer patients, circulating tumor cells and circulating tumor DNA are shed into the blood and can be easily obtained through a blood draw, providing a unique potential for early diagnosis, forecasting disease prognosis, and monitoring of therapeutic response.

Unlike current diagnostic methods that rely on disease tissue to characterize the condition, Bluestar Genomics’ blood-based 5hmC assay is able to detect signals of disease in a patient’s plasma via DNA-based changes found in gene and gene regulatory regions.

This study’s results strongly suggest that a clinical test employing newly identified biomarkers may promote more effective early-stage pancreatic cancer screening, which has significant value since many patients do not show symptoms until the disease has advanced to a late stage. Based on the results published in Nature Communications and inspired by the collaboration with its research and patient advocate partners, Bluestar will continue its development work required to commercialize a test in the coming years.

GE Healthcare Introduces Serena Bright, Industry’s First Contrast-Enhanced Guided Biopsy Solution

On October 20, 2020 GE Healthcare reported the availability of Serena Bright in the United States (Press release, GE Healthcare, OCT 20, 2020, View Source [SID1234568697]). Serena Bright is the industry’s first contrast-enhanced guided biopsy solution and will help empower clinicians and patients in their fight against breast cancer. Receiving U.S. Food and Drug Administration 510(k) clearance in June, this technology allows clinicians to conduct breast biopsy exams with contrast guidance using the same mammography equipment, in the same room and with the same staff as the screening or diagnostic mammogram.

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Typically, for lesions found with contrast-enhanced mammography and not seen on ultrasound, clinicians will use other imaging guidance, such as MRI, for biopsy procedures. Following an abnormal mammogram, it can take several weeks to get an MRI biopsy.1 As the backlog of cancer screenings caused by COVID-19 persists, delays in diagnosis will likely lead to presentation at more advanced stages and poorer clinical outcomes, with one study pointing to a potential increase of 33,890 excessive cancer deaths in the U.S. alone.2

Serena Bright may help decrease these delays, allowing follow-up biopsy procedures to be done in a matter of days, rather than waiting several weeks for MRI biopsy. When compared to MRI-biopsy guided therapy, the potential benefits of Contrast Enhanced Spectral Mammography (CESM) biopsy include shortened procedure time and improved overall patient experience.3,4

"In the current COVID-19 environment and requirements for shorter appointments to allow physical distancing, time has become our most precious asset," said Dr. Anat Kornecki, Breast Imaging Lead, Breast Care Program, St. Joseph’s Health Care London and Scientist with Lawson Health Research Institute in London, Ontario. "This new mammography-guided biopsy technique is a gamechanger, and patients tell us it’s a very tolerable experience. It provides a familiar setting, familiar technology and a more comfortable option compared to MRI biopsies, which are longer and conducted with patients lying face down. Ultimately, this may help provide women with answers quickly."

Key to this technology’s application is GE Healthcare’s SenoBright HD CESM, a diagnostic breast exam with iodine-based contrast that provides high sensitivity for more accurate breast cancer diagnosis.5 By highlighting areas of unusual blood flow to localize lesions that need to be biopsied, CESM biopsy – Serena Bright – provides excellent image quality to help improve clinical confidence.

"Now more than ever, it is critical we put the comfort of patients first and get them answers as fast as possible. We are proud to bring Serena Bright to our customers during a time when this type of innovation is needed most," said Agnes Berzsenyi, President and CEO of Women’s Health and X-Ray at GE Healthcare. "We hope this technology can help improve breast cancer outcomes for women during this time of uncertainty."

Health systems worldwide are looking to implement the Serena Bright technology in their fight against breast cancer, with Jefferson Health in Philadelphia being the first health care system in the United States to offer this technology in late 2020.