Latest news with #cancermonitoring
Yahoo
2 days ago
- Business
- Yahoo
Biovica Secures Three New Work Orders in Pharma Services of 2,5 MSEK in Value
UPPSALA, SE / / June 10, 2025 / Biovica International (STO:BIOVIC-B)(STO:BIOVIC.B)(FRA:9II) - Biovica, a leader in blood-based cancer monitoring, has signed three new work orders within its Pharma Services business, with a combined value of approximately SEK 2.5 million. The agreements are for TKa testing services with existing customers. Two of the three work orders were placed by the Tier-1 (revenues >10 BUSD) U.S. pharmaceutical company which recently entered into a broader service agreement with Biovica, including a record-breaking SEK 4 million work order. These latest orders will support the development of next-generation CDK4/6 inhibitors. The orders are a combination of retrospective analysis, that will be performed in the coming months, and prospective analysis that will be performed over ~2 years. "I'm pleased to see that our Pharma customers recognize the value of DiviTum® TKa and are returning for continued use. The reliable and meaningful data it provides continues to drive demand from leading pharmaceutical companies, who use it in the development of new cancer therapies that will benefit patients.," said Anders Rylander, CEO of Biovica. Contact Anders Rylander, CEOPhone: +46 76 666 16 47E-mail: Anders Morén, CFOPhone: +46 73 125 92 46E-mail: Biovica - Treatment decisions with greater confidence Biovica develops and commercializes blood-based biomarker assays that help oncologists monitor cancer progression. Biovica's assay, DiviTum® TKa, measures cell proliferation by detecting the TKa biomarker in the bloodstream. The assay has demonstrated its ability to provide insight to therapy effectiveness in several clinical trials. The first application for the DiviTum® TKa test is treatment monitoring of patients with metastatic breast cancer. Biovica's vision is: "Improved care for cancer patients." Biovica collaborates with world-leading cancer institutes and pharmaceutical companies. DiviTum® TKa has received FDA 510(k) clearance in the US and is CE-marked in the EU. Biovica's shares are traded on the Nasdaq First North Premier Growth Market (BIOVIC B). FNCA Sweden AB is the company's Certified Adviser. For more information, please visit: Attachments Biovica secures three new work orders in Pharma Services of 2,5 MSEK in value SOURCE: Biovica International View the original press release on ACCESS Newswire
Yahoo
19-05-2025
- Business
- Yahoo
Biovica Signs Major Service Agreement and First Study Work Order of 4 MSEK
UPPSALA, SE / / May 19, 2025 / Biovica International (STO:BIOVIC-B)(STO:BIOVIC.B)(FRA:9II) - Biovica, a leader in blood-based cancer monitoring, today announces the signing of a Master Service Agreement (MSA) with a US-based pharmaceutical and biotechnology company recognized as a Tier-1 player in oncology. A first work order has also been signed totaling SEK 4 million. Under the agreement, Biovica will provide TKa testing across multiple projects using its DiviTum® TKa assay, along with its expertise in interpreting TKa measurement dynamics to support drug development. As part of the agreement, the first work order has already been signed and pertains to a large-scale clinical trial in breast cancer. The total expected revenue from the first work order amounts to SEK 4 million. "This marks an important milestone in the continued adoption of our DiviTum TKa assay. This collaboration is our 17th broader collaboration agreement (MSA) with a pharmaceutical partner and our fourth with a Tier-1 oncology company. The agreement not only validates the clinical relevance of our TKa biomarker but also strengthens our position to co-develop a future Companion Diagnostic (CDx) product-ultimately benefiting cancer patients undergoing treatment," said Anders Rylander, CEO of Biovica. This collaboration will broaden the application of DiviTum TKa in clinical trials focused on next-generation oncology therapies, further strengthening the potential for TKa to be established as a key biomarker for therapeutic monitoring. The study is a Phase Ib/II multicenter, open-label, randomized trial. The trial focuses on patients with locally advanced or metastatic estrogen receptor-positive, HER2-negative breast cancer, with a total enrollment of 250 patients. Biovica will conduct all TKa testing at its U.S. laboratory, with testing services commencing early September 2025, and continuing through December 2028. Contact Anders Rylander, CEOPhone: +46 76 666 16 47E-mail: Anders Morén, CFOPhone: +46 73 125 92 46E-mail: Biovica - Treatment decisions with greater confidence Biovica develops and commercializes blood-based biomarker assays that help oncologists monitor cancer progression. Biovica's assay, DiviTum® TKa, measures cell proliferation by detecting the TKa biomarker in the bloodstream. The assay has demonstrated its ability to provide insight to therapy effectiveness in several clinical trials. The first application for the DiviTum® TKa test is treatment monitoring of patients with metastatic breast cancer. Biovica's vision is: "Improved care for cancer patients." Biovica collaborates with world-leading cancer institutes and pharmaceutical companies. DiviTum® TKa has received FDA 510(k) clearance in the US and is CE-marked in the EU. Biovica's shares are traded on the Nasdaq First North Premier Growth Market (BIOVIC B). FNCA Sweden AB is the company's Certified Adviser. For more information, please visit: Attachments Biovica signs major service agreement and first study work order of 4 MSEK SOURCE: Biovica International View the original press release on ACCESS Newswire
Yahoo
19-05-2025
- Business
- Yahoo
Biovica Signs Major Service Agreement and First Study Work Order of 4 MSEK
UPPSALA, SE / / May 19, 2025 / Biovica International (STO:BIOVIC-B)(STO:BIOVIC.B)(FRA:9II) - Biovica, a leader in blood-based cancer monitoring, today announces the signing of a Master Service Agreement (MSA) with a US-based pharmaceutical and biotechnology company recognized as a Tier-1 player in oncology. A first work order has also been signed totaling SEK 4 million. Under the agreement, Biovica will provide TKa testing across multiple projects using its DiviTum® TKa assay, along with its expertise in interpreting TKa measurement dynamics to support drug development. As part of the agreement, the first work order has already been signed and pertains to a large-scale clinical trial in breast cancer. The total expected revenue from the first work order amounts to SEK 4 million. "This marks an important milestone in the continued adoption of our DiviTum TKa assay. This collaboration is our 17th broader collaboration agreement (MSA) with a pharmaceutical partner and our fourth with a Tier-1 oncology company. The agreement not only validates the clinical relevance of our TKa biomarker but also strengthens our position to co-develop a future Companion Diagnostic (CDx) product-ultimately benefiting cancer patients undergoing treatment," said Anders Rylander, CEO of Biovica. This collaboration will broaden the application of DiviTum TKa in clinical trials focused on next-generation oncology therapies, further strengthening the potential for TKa to be established as a key biomarker for therapeutic monitoring. The study is a Phase Ib/II multicenter, open-label, randomized trial. The trial focuses on patients with locally advanced or metastatic estrogen receptor-positive, HER2-negative breast cancer, with a total enrollment of 250 patients. Biovica will conduct all TKa testing at its U.S. laboratory, with testing services commencing early September 2025, and continuing through December 2028. Contact Anders Rylander, CEOPhone: +46 76 666 16 47E-mail: Anders Morén, CFOPhone: +46 73 125 92 46E-mail: Biovica - Treatment decisions with greater confidence Biovica develops and commercializes blood-based biomarker assays that help oncologists monitor cancer progression. Biovica's assay, DiviTum® TKa, measures cell proliferation by detecting the TKa biomarker in the bloodstream. The assay has demonstrated its ability to provide insight to therapy effectiveness in several clinical trials. The first application for the DiviTum® TKa test is treatment monitoring of patients with metastatic breast cancer. Biovica's vision is: "Improved care for cancer patients." Biovica collaborates with world-leading cancer institutes and pharmaceutical companies. DiviTum® TKa has received FDA 510(k) clearance in the US and is CE-marked in the EU. Biovica's shares are traded on the Nasdaq First North Premier Growth Market (BIOVIC B). FNCA Sweden AB is the company's Certified Adviser. For more information, please visit: Attachments Biovica signs major service agreement and first study work order of 4 MSEK SOURCE: Biovica International View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Biovica Collaborates with Tempus to Expand the Commercial Reach of DiviTum(R) TKa
UPPSALA, SE / / May 13, 2025 / Biovica International (STO:BIOVIC-B)(STO:BIOVIC.B)(FRA:9II) - Biovica, a leader in blood-based cancer monitoring, has entered a reference lab agreement with Tempus, a leader in AI and data-driven precision medicine. Tempus will offer Biovica's blood-based treatment monitoring test, DiviTum TKa, as part of its comprehensive portfolio of diagnostics for oncologists. Through the collaboration, Biovica and Tempus will work together to commercialize Biovica's FDA-approved DiviTum TKa test, a blood-based test that monitors and predicts treatment response in hormone receptor-positive metastatic breast cancer. Tempus currently works with over 6,500 oncologists in the U.S., providing a collection of precision medicine solutions designed to support physicians in delivering personalized patient care. The collaboration significantly expands Biovica's market reach, leveraging Tempus' established sales network. " We are excited to work with Biovica to bring DiviTum TKa to breast cancer patients. The treatment landscape in estrogen receptor-positive breast cancer has improved dramatically in the last 5 years with the introduction of HER2-targeted agents, a new generation of endocrine inhibitors, and the expansion of CDK4/6i into the adjuvant setting," said Ezra Cohen, MD, Chief Medical Officer, Oncology, at Tempus. " Tempus represents the future of healthcare by enabling data-driven precision medicine using AI. This collaboration significantly enhances our ability to deliver DiviTum TKa to a broader patient population. We are confident that our work together will significantly accelerate uptake for DiviTum TKa in the important community oncologist segment of the US market, " said Anders Rylander, CEO of Biovica. Contact Anders Rylander, CEOPhone: +46 76 666 16 47E-mail: Anders Morén, CFOPhone: +46 73 125 92 46E-mail: Biovica - Treatment decisions with greater confidence Biovica develops and commercializes blood-based biomarker assays that help oncologists monitor cancer progression. Biovica's assay, DiviTum® TKa, measures cell proliferation by detecting the TKa biomarker in the bloodstream. The assay has demonstrated its ability to provide insight to therapy effectiveness in several clinical trials. The first application for the DiviTum® TKa test is treatment monitoring of patients with metastatic breast cancer. Biovica's vision is: "Improved care for cancer patients." Biovica collaborates with world-leading cancer institutes and pharmaceutical companies. DiviTum® TKa has received FDA 510(k) clearance in the US and is CE-marked in the EU. Biovica's shares are traded on the Nasdaq First North Premier Growth Market (BIOVIC B). FNCA Sweden AB is the company's Certified Adviser. For more information, please visit: Attachments Biovica collaborates with Tempus to expand the commercial reach of DiviTum® TKa SOURCE: Biovica International View the original press release on ACCESS Newswire
