Paige Collaborates with Microsoft to Transform Cancer Diagnosis and Treatment with the Use of Pathology AI

On January 11, 2023 Paige reported a collaboration with Microsoft to apply the power of artificial intelligence (AI) to digital pathology images to develop and deliver a new generation of clinical applications and computational biomarkers to transform cancer diagnosis and patient care (Press release, Paige AI, JAN 11, 2023, View Source [SID1234626191]). Microsoft will also make a strategic investment in Paige to accelerate the development and deployment of life-saving AI diagnostics.

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Through the collaboration, Paige and Microsoft will scale Paige’s technology globally and accelerate the adoption of AI in digital pathology.

Paige will use Microsoft Azure as its cloud provider for the Paige Platform, a comprehensive solution to power a lab’s digital pathology workflow that consists of data management, cloud storage options and FullFocus, an FDA-cleared whole-slide image viewer. As part of this collaboration, Paige will become a Microsoft Cloud for Healthcare partner and enable Microsoft to enhance its own offerings for healthcare customers.

Clinical AI applications have the potential to help pathologists diagnose cancer more confidently and efficiently, with the ultimate goal of improving patient care. Paige, a global leader in end-to-end digital pathology solutions and clinical AI applications, is currently the only company to have received FDA approval for an AI algorithm in pathology. Paige puts the power of AI into the hands of pathologists by developing novel AI applications on a powerful platform, making it easy to deploy AI in laboratories globally.

Paige will work with other entities, including Microsoft Research on developing large scale machine learning models to push the boundaries of research in oncology and pathology. Paige is also working with Nuance, a Microsoft company, on integrating their offering with Nuance’s Precision Imaging Network.

"We are thrilled to partner with Microsoft to make AI cancer diagnostics accessible to countless laboratories and hospitals around the world as part of the digital transformation of pathology," said Andy Moye, Ph.D., Chief Executive Officer at Paige. "We believe that Microsoft’s world-class AI resources, cloud infrastructure, global reach and scale, combined with our deep expertise in developing AI cancer diagnostics, will drive a new era of diagnostics and precision treatment to improve the lives of patients."

"The application of technology to help clinicians and researchers further enhance patient care and, in many cases, provide life-saving treatment is a core tenet for Microsoft in health and life sciences," said Tom McGuinness, corporate vice president, Global Healthcare & Life Sciences, Microsoft. "We look forward to further collaborating with Paige and giving Microsoft Cloud for Healthcare customers the ability to harness the power and promise of AI in digital pathology."

Paige technology will be offered as a partner solution in Microsoft Cloud for Healthcare, expanding access to cutting-edge digital cancer diagnostic tools. Microsoft Cloud for Healthcare connects customers with trusted partner solutions that make it easier to create personalized patient experiences, give clinicians connected tools, and adopt data standards important to healthcare. Together with Nuance, healthcare organizations can access the broadest and deepest set of trusted AI solutions to address the biggest challenges in the industry. Paige becoming a Microsoft Cloud for Healthcare partner extends the solution’s robust capabilities and helps Paige reach new customers.

Oncopeptides appoints Holger Lembrer as Chief Financial Officer

On January 11, 2023 Oncopeptides AB (publ.) (Nasdaq Stockholm: ONCO), a biotech company focused on research and development of therapies for difficult-to-treat hematological diseases, reported that the Company has appointed Holger Lembrer as Chief Financial Officer, CFO. Prior to joining Oncopeptides Holger Lembrer was Business Unit CFO at Assa Abloy, and before that Investor Relations Officer, and Financial Controller (Press release, Oncopeptides, JAN 11, 2023, View Source [SID1234626190]). He has also been a Senior Auditor at Ernst & Young. Holger Lembrer will assume his new position before the end of February 2023 and will replace Annika Muskantor who has been interim CFO since November 1, 2021.

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"I am very pleased that Holger Lembrer has decided to join Oncopeptides, and really look forward to working together with him," says Monica Shaw, CEO of Oncopeptides. "His combined expertise from leading financial roles, in a highly recognized, publicly traded, international Company, will be a great asset for Oncopeptides and its Leadership Team."

Citius Pharmaceuticals to Present at the Sidoti Micro-Cap Virtual Conference on January 18, 2023

On January 11, 2023 Citius Pharmaceuticals, Inc. ("Citius" or the "Company") (Nasdaq: CTXR), a late-stage biopharmaceutical company dedicated to the development and commercialization of first-in-class critical care products, reported that Chairman and CEO Leonard Mazur will present at the Sidoti Micro-Cap Virtual Conference on January 18, 2023 (Press release, Citius Pharmaceuticals, JAN 11, 2023, View Source [SID1234626188]).

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Conference Details:
Date:

Wednesday, January 18, 2023

Time:

10:45 AM ET

Location:

Virtual

Live presentation:

Viewers must register for the conference to view the live presentation.

1×1 meetings:

Investors may request meetings by contacting their Sidoti representative or Citius Investor Relations.

Leap Therapeutics to Present at B. Riley Securities’ 3rd Annual Oncology Conference

On January 11, 2023 Leap Therapeutics, Inc. (Nasdaq: LPTX), a biotechnology company focused on developing targeted and immuno-oncology therapeutics, reported that Douglas E. Onsi, President and Chief Executive Officer, Cynthia Sirard, MD, Chief Medical Officer, and Jason Baum, PhD., Vice President and Head of Translational Medicine will present a corporate overview at B. Riley Securities’ 3rd Annual Oncology Conference (Press release, Leap Therapeutics, JAN 11, 2023, View Sourcenews-releases/news-release-details/leap-therapeutics-present-b-riley-securities-3rd-annual-oncology" target="_blank" title="View Sourcenews-releases/news-release-details/leap-therapeutics-present-b-riley-securities-3rd-annual-oncology" rel="nofollow">View Source [SID1234626187]). The conference will be held in a virtual meeting format.

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LEAP PRESENTATION DETAILS:
B. Riley Securities’ 3rd Annual Oncology Conference
Date: Wednesday, January 18, 2022
Time: 1:30 p.m. Eastern Time

The presentation will be webcast live and may be accessed on the Investors page of the company’s website at View Source, where a replay of the event will also be available for a limited time.

CAN-FITE ANNOUNCES $7.5 MILLION CONCURRENT REGISTERED DIRECT OFFERING AND PRIVATE PLACEMENT

On January 11, 2023 Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE: CANF), a biotechnology company advancing a pipeline of proprietary small molecule drugs that address inflammatory, cancer and liver diseases ("Can-Fite" or the "Company"), reported that it has entered into definitive agreements for the purchase and sale of 1,000,000 of the Company’s American Depositary Shares ("ADSs") (or ADS equivalents in lieu thereof), at a purchase price of $5.50 per ADS, in a registered direct offering (Press release, Can-Fite BioPharma, JAN 11, 2023, View Source [SID1234626186]). In a concurrent private placement, Can-Fite has also agreed to issue and sell 363,637 of its ADS (or ADS equivalents in lieu thereof), at the same purchase price as in the registered direct offering. In addition, the Company has agreed to issue in the offerings unregistered Series A warrants to purchase up to an aggregate of 1,363,637 ADSs and Series B warrants to purchase up to an aggregate of 1,363,637 ADSs. Each ADS represents three hundred (300) ordinary shares, par value NIS 0.25 per share, of Can-Fite. The offerings are expected to close on or about January 13, 2023, subject to satisfaction of customary closing conditions.

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H.C. Wainwright & Co. is acting as the exclusive placement agent for the offerings.

The Series A warrants will have an exercise price $6.00 per ADS, will become exercisable immediately upon issuance and have a term of five and one-half years from the date of issuance and the Series B warrants will have an exercise price $5.50 per ADS, will become exercisable immediately upon issuance and have a term of 20 months from the date of issuance.

The gross proceeds from the offerings (without taking into account any proceeds from any future exercises of warrants), before deducting the placement agent’s fees and other offering expenses payable by the Company, are expected to be approximately $7.5 million. Can-Fite intends to use the net proceeds for funding research and development and clinical trials and for other working capital and general corporate purposes.

The ADSs (or ADS equivalents) offered in the registered direct offering (but excluding the securities offered in the private placement and the ADSs underlying the warrants) are being offered and sold by Can-Fite pursuant to a "shelf" registration statement on Form F-3 (File No. 333-249063) originally filed with the U.S. Securities and Exchange Commission (the "SEC") on September 25, 2020 and declared effective by the SEC on October 9, 2020. The offering of the ADSs (or ADS equivalents) to be issued in the registered direct offering is being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, on the SEC’s website at View Source or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail at [email protected].

The securities issued in the private placement and the unregistered warrants described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Act"), and Regulation D promulgated thereunder and, along with the ADSs underlying the warrants, have not been registered under the Act, or applicable state securities laws. Accordingly, the unregistered ADSs, the warrants and underlying ADSs may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws.

The Company also has agreed to amend certain warrants to purchase up to an aggregate of 600,000 ADSs of the Company that were issued in December 2021 by reducing the exercise prices from $20.00 per ADS to $5.50 pr ADS.