ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

AccuStem Sciences, Inc. Extends and Broadens Partnership with Instituto Europeo di Oncologia (IEO) Enabling its Strategic Approach to Address Unanswered Clinical Questions in Early Stage Breast Cancer

  • StemPrintER outperformed the current market leader, OncotypeDX test, in stratifying patients according to their risk of breast cancer recurrence

LONDON and PHOENIX, July 11, 2023 (GLOBE NEWSWIRE) -- AccuStem Sciences, Inc. (OTCQB: ACUT), a clinical stage diagnostics company dedicated to improving outcomes for patients with cancer, signs further agreement with the IEO, one of the most renowned comprehensive cancer centers in Europe. This important milestone will support the company’s strategic vision following positive results from transATAC study where StemPrintER assay outperformed the current market leader in risk of recurrence testing for women with early stage breast cancer.

With the extension of the StemPrintER licensing agreement, originally transferred with all rights and obligations from Tiziana Life Sciences, AccuStem and the IEO have established and refined goals on the timing of commercialization and have broadened the number of regulatory pathways to bring the test to market in the US and abroad. Beyond this agreement, AccuStem intends to work closely with the IEO on additional proprietary cancer assays leveraging StemPrintER technology.

Investigators from the IEO in Milan and The Royal Marsden Hospital in London evaluated a subgroup of patients from the prospective, randomized ATAC trial (TransATAC). The pivotal TransATAC study has been used to evaluate many of the commonly used breast cancer risk scoring assays, including the market leading OncotypeDX. This recent analysis accomplished two important goals for AccuStem’s StemPrintER test:

  • Results confirmed that StemPrintER is highly prognostic, with high risk patients up to 4 times as likely to experience a distant recurrence as low risk patients
  • StemPrintER outperformed the OncotypeDX test, developed by Exact Sciences, in stratifying patients according to their risk of breast cancer recurrence1

“Showing this prognostic performance compared to the market leader in a prospective, randomized trial is a critical milestone for StemPrintER,” said Wendy Blosser, Chief Executive Officer of AccuStem. “These exciting results are not surprising given the novel pathways such as tumor ‘stemness’ that StemPrintER interrogates. We believe that our test will have significant utility beyond indicating risk of recurrence and aim to demonstrate that with our future trials. We look forward to our next steps and leveraging the technology to bring better outcomes to breast cancer patients.”

Breast cancer remains a significant health challenge worldwide, and despite advancements in research and treatment options, there are still unanswered questions regarding the identification, prognosis, and management of early stage breast cancer. AccuStem Sciences recognizes the urgent need to address these gaps in knowledge and is committed to leveraging its cutting-edge technologies and expertise in stem cell research to make a meaningful impact in this field.

AccuStem plans to launch clinical studies to evaluate StemPrintER’s ability to determine the most effective surgical approach for women with early stage invasive breast cancer. This could have significant treatment implications because, beyond clinical factors and patient preference, clinicians do not currently possess tools to determine the most appropriate surgical interventions. To demonstrate StemPrintER’s disruptive predictive capabilities in a global market that sees more than two million new diagnoses each year, AccuStem will partner with leading US and European institutions to obtain these clinical data for presentation and publication.

About AccuStem

AccuStem is a clinical stage diagnostics company dedicated to optimizing outcomes and quality of life for all patients with cancer. We plan to drive innovation in healthcare by offering proprietary molecular testing that addresses unmet clinical needs from cancer screening through treatment and monitoring. By interrogating novel disease pathways, such as tumor “stemness”, we believe our tools will help care teams better understand the biology of each patient’s cancer, leading to more informed decision making. For more information, please visit www.accustem.com.

About Instituto Europeo di Oncologia (IEO)

The Instituto Europeo di Oncologia (IEO) is a leading comprehensive cancer center located in Milan, Italy. Renowned for its excellence in oncology research and patient care, IEO is committed to advancing knowledge in the field of cancer and developing personalized treatment strategies. With a multidisciplinary approach, IEO brings together internationally recognized experts to collaborate on groundbreaking research initiatives, aiming to improve cancer outcomes and quality of life for patients worldwide.

Forward-Looking Statements

This press release contains “forward-looking statements” Forward-looking statements reflect our current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements, include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, our ability to raise capital to fund continuing operations; our ability to protect our intellectual property rights; the impact of any infringement actions or other litigation brought against us; competition from other providers and products; our ability to develop and commercialize products and services; changes in government regulation; our ability to complete capital raising transactions; and other factors relating to our industry, our operations and results of operations. Actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. AccuStem Sciences, Inc. assumes no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

Media Contact:
Email: info@accustem.com

Investor Contact:
Email: investors@accustem.com

_____________________
1 https://www.ejcancer.com/article/S0959-8049(22)00007-7/fulltext


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.