Entrepreneurial Accelerator Program (EAP) Portfolio Company receives $400,000 Research Grant from The National Cancer Institute to study a repurposed drug in treatment of Glioblastoma

On September 8, 2022 Entrepreneurial Accelerator Program (EAP) portfolio company Oleolive, Inc. reported that it has been awarded a Small Business Technology Transfer (STTR) Phase 1 $400,000 research grant from the National Cancer Institute for "Chemosensitization of Glioblastoma by Propentofylline (Press release, Oleolive, SEP 8, 2022, View Source [SID1234619296])." Drs. Nhan Tran and Joseph Loftus, investigators at Mayo Clinic and experts in Glioblastoma Multiforme (GBM), collaborated with Oleolive on the proposal.

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Propentofylline (PPF) was originally tested in multiple clinical trials for Alzheimer’s disease but, although shown to be safe and effective, was not brought to the commercial market. PPF is considered a repurposed drug, defined as a drug developed for one indication and repositioned to treat another, in this case GBM. Repurposed drugs require less money and time for development and overall costs much less compared to research and development of new drugs.

GBM is a brain cancer with no effective therapeutics that claims the lives of over 15,000 Americans each year. GBM has poor clinical outcomes due to therapy-resistant tumor cells leading to recurrence; therefore, therapeutic strategies that enhance tumor cell chemosensitivity are essential for improved patient outcomes. This project will evaluate if PPF increases sensitization of GBM tumor cells to chemotherapy. This research could lead to a therapeutic strategy to extend survival for GBM patients beyond the current average of 1.25 years.

NeoDynamics received FDA clearance for pulse biopsy system NeoNavia®

On September 8, 2022 The MedTech company NeoDynamics reported that received approval for its innovative pulse biopsy system NeoNavia from the US Food and Drug Administration, FDA (Press release, NeoDynamics, SEP 8, 2022, View Source [SID1234619295]).

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The US breast biopsy market is estimated to reach $830 million by 2025.

"The FDA approval for NeoNavia is a major milestone for NeoDynamics and a stamp of quality for both the product and NeoDynamics as a whole," said Anna Eriksrud, CEO of NeoDynamics. "The US represents the potentially largest market for the product, where we now also can build on the experience gained with the system in Europe. Preparation for the launch is ongoing and we expect to begin introducing the system to clinicians and potential partners within the next few months."

NeoDynamics intends to work with US clinics to further document the product in clinical practice to support its marketing and sales strategy. A similar strategy is successfully being executed on in Europe, demonstrating the benefits of the product while forging relationships with important clinics to facilitate a broad acceptance and uptake of the system.

NeoNavia is an innovative biopsy system that uses a patented pulse technology for controlled and accurate needle insertion, which is based on research at Karolinska Institutet. NeoDynamics’ goal is for the pulse technology to become the new standard for ultrasound-guided breast biopsies. The product has CE approval in Europe, where it is in clinical use.

Myeloid Therapeutics to Participate in September Investor Conferences

On September 8, 2022 Myeloid Therapeutics, Inc. ("Myeloid"), a clinical stage mRNA-immunotherapy company harnessing the power of myeloid and innate biology to engineer novel therapies that elicit a broad immune response for cancer and autoimmune diseases, reported that the Company will participate in the following investor conferences (Press release, Myeloid Therapeutics, SEP 8, 2022, View Source [SID1234619294]):

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Morgan Stanley 20th Annual Global Healthcare Conference, September 12-14th, 2022, in NY
Jefferies Cell & Genetic Medicine Summit, September 29-30th, 2022, in NY

SITRYX THERAPEUTICS ANNOUNCES PARTICIPATION IN UPCOMING CONFERENCES

On September 8, 2022 Sitryx Therapeutics Ltd (the "Company"), a biopharmaceutical company pioneering the field of immunometabolism, reported that the Company will participate virtually in the following events (Press release, Sitryx, SEP 8, 2022, View Source [SID1234619293]):

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UBS Biotechnology Private Company Symposium, Sept. 21-22, 2022
Neil Weir, Chief Executive Officer of Sitryx, will present a company overview on September 21st at 9am ET
Company management will conduct virtual one-on-one meetings with investors during the conference

Longwood Healthcare Leaders Fall Webconference, Sept. 22, 2022
Neil Weir, Chief Executive Officer of Sitryx, will participate in a panel discussion titled "Moving from Data to Medicine"
To learn more about the Longwood event, view the agenda, and request an invitation, visit www.longwoodhealthcareleaders.com. To request an invitation or recommend a colleague, please email [email protected].

Needham Private Biotech Company Virtual 1×1 Forum, Oct. 18-19, 2022
Company management will conduct virtual one-on-one meetings with investors during the conference

Tyra Biosciences to Participate at September 2022 Investor Conferences

On September 8, 2022 Tyra Biosciences, Inc. ( Nasdaq: TYRA), a precision oncology company focused on developing purpose-built therapies to overcome tumor resistance and improve outcomes for patients with cancer, reported that management will participate at the following investor conferences (Press release, Tyra Biosciences, SEP 8, 2022, View Source [SID1234619292]):

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H.C. Wainwright’s 24th Annual Global Investment Conference

September 12-14th, 2022
A pre-recorded presentation will be available here on September 12th at 7am ET
Cantor Oncology, Hematology & HemeOnc Conference

September 28th, 2022, in NY
Panel discussion titled, "Resistant to Resistance: Approaches to Address Resistance in Oncology", on September 28th at 11:30am ET