SOPHiA GENETICS: Biotechnology company providing genomic and radiomic analysis for hospital use.
Now with regards to appetite, Tejas, we do visit a lot of appetite in particular, and I think we’ve been quite clear about that.
But regarding HRD testing, because you can have heard as well now, a PARP inhibitor started to be used as adjuvant for breast cancer treatment.
So people recognize that many more patients should be tested with the HRD score.
And we do see a lot of demand there across the board from APAC to NorAm to LatAm together with Europe.
The studies will undoubtedly be conducted in coordination with the Mount Sinai Health System, where KidneyIntelX testing and care management software are increasingly being deployed for commercial clinical use.
As part of the multimodal approach, the business has generated an AI-powered solution to conduct full-genome analysis of SARS-CoV-2.
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An exclusive placement from GE Healthcare brought in another $20 million and accompanied a letter of intent to codevelop new AI-driven analytics and workflow technologies to boost the matching of treatments based on genetic and tumor profiles of cancer patients.
DEEP-Lung-IV is an outgrowth of that, which includes its roots in discussions the firms started in late 2020, Newton said.
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And so imaging data are the prominent in the field of cancer to check out longitudinally patients.
Needless to say, pathology information is important, but there are still several scanners to digitalize the slides out there on the market.
- For Q1 2022, the business expectstotal revenues of approximately $1.47 billion.
- The round was led by aMoon a health-tech and life sciences venture fund based in Israel, and Hitachi Ventures, a venture arm of Japanese Hitachi Group.
- allows for it to keep to provide robust depth in the clinical space.
- The National Institutes of Health has launched the Medical Imaging and Data Resource Center , an ambitious
- The academic and government market, a $13 billion TAM, is growing at a level of 3 percent to 5 percent.
the biopharma arena, SOPHiA’s HRD solution stands close to the top.
Now taking a step back, HRD stands for Homologous Recombination Deficiency.
HRD is really a complex biomarker, notably important for PARP inhibitors that helps identify whether cancer patients may respond better to specific treatments, and its use could ultimately result in personalized therapies that benefit the individual patient.
We now have one European patent application and one U.S. patent application associated with a strategy to detect HRD, which will be found in our solution.
The solution’s decentralized nature allows users to preserve ownership of data and save time, while also offering comprehensive genomic insights without compromising the data’s quality.
Menu said that Sophia and GE are particularly concentrating on radiogenomics, but noted that the biggest early challenge will be prioritizing activities.
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“There were plenty of questions about whether RNA-based therapeutics would ever go beyond orphan drugs and small patient populations,” he said.
“Now, there’s no doubt there’s likely to be large on-market commercial demand later on.”
So we think that you will see a tech player that will break data silos across hospitals and data modalities.
And in particular, in cancer, this can enable hospitals to basically monitor real-time, real-world patient cases versus other patients that suffered from the same kind of cancers and also have been treated with different kind of therapies.
And so by doing that, one can start clustering patients to raised empower oncologists in making decisions in terms of the most promising treatment path.
Additionally, we are seeing solid growth with this clinical customer base in the EMEA, LatAm and APAC regions.
“Almost 60 percent of the business’s businesses are in pharma, diagnostics, or research markets,” he said, adding these markets are large and continue to grow for the business.
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The goal is to increase the amount of hospitals using SOPHiA’s AI technology, particularly in the US, where in fact the Swiss company opened new offices last September.
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Also in 2022, the firm began development of a fresh way for detecting extrachromosomal DNA through collaboration with startup firm Boundless Bio.
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