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MGC Pharmaceuticals receives permission to import psilocybin mushrooms into Europe

MGC Pharmaceuticals Ltd

MGC Pharmaceuticals Ltd (LSE:MXC, OTC:MGCLF, ASX:MXC) CEO and managing director Roby Zomer speaks to Thomas Warner from Proactive after the Europe-based plant-inspired medicine company announced it has secured permission to import 200g of psilocybin mushrooms into Slovenia for analysis. The news is significant because its the first time the company has been granted permission to import the naturally-occurring psychedelic compound into the country. Zomer explains that MGC Pharma has been contracted by a pharmaceutical company based in Southern Africa to import psilocybin mushrooms grown in the region to MGC's facility in Slovenia. As a certified pharmaceutical company in Europe, MGC Pharma will provide the necessary support and infrastructure to help their partner gather essential data for obtaining marketing approval for the product in other countries. Despite this new collaboration, Zoma emphasized that MGC Pharma's primary focus remains on their existing treatments for refractory epilepsy and immune modulation. However, they recognise the potential of psilocybin as an innovative medicine for the future, particularly in palliative care and post-traumatic treatments. MGC Pharma aims to stay at the forefront of this emerging sector and provide services to other companies interested in exploring psilocybin-based therapies. Looking ahead, MGC Pharmaceuticals awaits the arrival of the imported mushrooms in Slovenia with a view to commencing the testing and development processes. Additionally, updates are expected on their cannabinoid treatments in the UK, as well as their relations and expansion in America. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 01, 2023 04:14 AM Eastern Daylight Time

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Proactive Research Analyst says Shield Therapeutics' commercialisation drive "going well"

Shield Therapeutics PLC

Proactive Research Analyst Robin Davison speaks to Thomas Warner after publishing a new research note on Shield Therapeutics PLC, following the release of new prescription data from the commercial-stage specialty pharmaceutical company for its iron deficiency treatment Accrufer/Feraccru. The key highlight from the analysis is the significant increase of 50% in prescriptions during the second quarter, specifically for Accrufer. The number of doctors prescribing the drug for the first time has also shown a positive trend, with a considerable proportion of those doctors continuing to prescribe it in the following quarter. Davison says that the company's efforts in commercialising the product are "going well", with more benefit expected to come following the expansion of their sales force in June. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 01, 2023 03:45 AM Eastern Daylight Time

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Syntekabio and Metaclipse sign MOU for Joint Research on Personalized Immunotherapy for Cancer

Syntekabio, Inc.

Syntekabio (KOSDAQ: 226330), an Artificial Intelligence (AI) based drug development company, announced that it has signed a MOU with Metaclipse Therapeutics, an Atlanata, GA USA based biotechnology company developing immunotherapies for cancer and vaccines for infectious disease, for joint research on development of a personalized immunotherapy for cancer. Through this MOU, Syntekabio plans to support Metaclipse in conducting research on neoantigen identification for its Membrex TM personalized cancer vaccine platform. Metaclipse’s Membrex™ vaccine is a personalized immunotherapy for solid tumors comprising a patient tumor antigen source combined with the company’s proprietary membrane-linked biological adjuvants. The company has received approval from US FDA to proceed with a phase 1 clinical trial and will work with Syntekabio to leverage its proprietary NEO-ARS® platform to identify neoantigen candidates that generate patient-specific anti-tumor immune responses. Michael Coleman, CEO of Metaclipse, said, “The TMV-based cancer vaccine has the advantage of presenting a broad array of potential neoantigens derived from the patient’s tumor, thereby providing a personalized immunotherapy for cancer. With this MOU agreement, we plan to identify neoantigen candidates, which play a critical role in activating the patient’s immune system and provide the potential for tailoring patient-specific booster doses and developing off-the-shelf Membrex TM therapies with broad application.” Jongsun Jung, CEO of Syntekabio, said, “We are delighted to conduct joint research with Metaclipse, a cancer vaccine specialist in the clinical development stage. We are open to collaboration with companies specializing in the development of cancer vaccines and immunotherapies and will contribute in various ways so that domestic and foreign vaccine manufacturers in clinical stages can achieve positive results.” The Phase 1 clinical trial is to verify the safety and immunological activity of Metaclipse’s tumor membrane vesicle-based vaccine, termed Membrex TM. Syntekabio will contribute to the clinical trial by analyzing genomic data from tumor sample of clinical trial subjects and identifying personalized cancer neoantigens using NEO-ARS®, a neoantigen prediction AI platform. Metaclipse's cancer vaccine incorporates a broad array of tumor antigens in the form of tumor membrane vesicles prepared from the patient's own tumor. This type of vaccine has the advantage of providing a broad array of antigen candidates minimizing selection bias that is present in some other approaches. Through the joint research, the two companies expect to be able to identify the most immunologically relevant antigens by utilizing Syntekabio's NEO-ARS® platform. After this agreement, the two companies plan to comprehensively analyze Syntekabio's neoantigen prediction results and Metaclipse's clinical trial results to evaluate the correlation between the neoantigen profile and treatment response and to conduct joint research to identify potent individual neoantigens that demonstrate high immunogenicity among the many antigens loaded in the Membrex TM vaccine. For more information about Syntekabio and its offering, please visit http://www.syntekabio.com/. Contact Details WMSG | Syntekabio USA +1 201-402-1400 wgroup@wmedical.org Company Website http://www.syntekabio.com/

July 31, 2023 02:58 PM Eastern Daylight Time

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News Release

Neural Therapeutics gets go-ahead from Peruvian Government to work with San Pedro Cactus

Neural Therapeutics Inc.

Neural Therapeutics CEO Ian Campbell joined Steve Darling from Proactive to share the news that after 11 months of rigorous review, the company has received permission from Peru's Ministry of Agriculture to access genetic resources and their derivatives for the evaluation of the mescaline-containing cactus species of the Echinopsis genus, commonly known as San Pedro or Huachuma, for possible medicinal purposes. The company's plan is to develop intellectual property that will pave the way for drug development using mescaline. Mescaline is a chemical compound classified as a psychedelic and has shown potential medicinal and therapeutic applications. It is derived from the Peyote and San Pedro cacti. Neural Therapeutics is committed to sustainable practices throughout its exploration and development of mescaline-containing cacti. This includes replanting, donating samples for genetic preservation, and publishing biomarker data to aid in the preservation of wild stands of these cacti species. The access to genetic resources and derivatives of the San Pedro cactus will enable Neural Therapeutics to further explore the potential medicinal benefits of mescaline. The company's efforts could lead to the development of novel therapeutic options and potentially expand treatment options for various medical conditions. As the research progresses, Neural Therapeutics aims to ensure responsible and sustainable practices to safeguard the preservation of these valuable plant species. This approach aligns with the growing interest in harnessing the potential of natural compounds for therapeutic purposes while respecting the environment and preserving biodiversity. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

July 31, 2023 11:29 AM Eastern Daylight Time

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Osteopore "chasing the holy grail of tissue regeneration”

Osteopore Ltd

Osteopore Ltd (ASX:OSX) Chairman Mark Leong speaks to Thomas Warner from Proactive London about the Australian-Singaporean medical technology company's pursuit of what he calls the "holy grail of tissue regeneration." Leong explains that aiming to commercialise products designed to enable natural bone healing across multiple therapeutic areas, including both hard and soft tissue. Initially focused on bone regeneration, Osteopore has received major regulatory approvals for their implants. However, their technology also holds promise for soft tissue regeneration, including shoulder rotator cuff tendon repair and cartilage regeneration. Looking ahead, the company aims to enter the "huge" Chinese market and is actively researching ways to accelerate tissue regeneration, potentially reducing healing time significantly. He says "In the next half a year or so you'll see us breaking some new ground into entering the Chinese market... and on the technology front we will be putting more effort into developing the soft tissue part because that's a whole new area of therapeutic treatment... we are chasing the holy grail of tissue regeneration which is to speed up tissue regeneration." Contact Details Proactive Australia Pty Ltd Proactive Australia Pty Ltd +61 431 597 771 action.australia@proactiveinvestors.com

July 27, 2023 06:00 PM Eastern Daylight Time

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PathAI Launches its AI-Powered PathExplore Data Access Program for Academic Researchers

PathAI

PathAI, a global leader in AI-powered pathology, today announced it has applied its PathExplore panel of human interpretable features (HIFs) on publicly available samples from The Cancer Genome Atlas (TCGA), a comprehensive resource of oncology data containing genomic and outcomes data, along with associated H&E whole-slide images (WSIs). PathAI will make the HIFs from eight TCGA cancer types available for free as a data access program for academic researchers to perform independent research to support their own investigations. Earlier this year, PathAI launched PathExplore, an AI-powered panel of HIFs offering unprecedented resolution of the tumor microenvironment (TME) from digitized H&E slides. Powered by artificial intelligence, PathExplore spatially characterizes the TME with single-cell resolution, giving researchers the ability to unlock insights on patient response, drug pathways, and potential novel biomarkers. The ability to characterize and quantify histopathological features of the TME will enable new avenues of disease research, and may lead to promising new therapies. With this PathExplore HIF research data set, oncology researchers can analyze tissue compositions, cell populations, and how their quantities and spatial relationships correlate with molecular signatures, treatment response or prognostic outcomes. This data set is the first of its kind: no other widely available quantitative, structured data set based on histopathology exists. The features are standardized across indications, so researchers can glean new insights into the common or distinct TME characteristics of each tumor type or patient subset. Adding structured and standardized pathology data to TCGA enables a new set of multi-model investigations for researchers to pursue, all while lowering the barrier to integrating pathology image data into biomedical research that previously had been restricted to labs that had access to manual pathology analysis. “The TME has been a challenge to fully investigate due to the sheer amount of spatially distributed information contained within it,” said Mike Montalto, PathAI’s chief scientific officer. “Pathologists can assess the specimens and try to estimate how certain cell or tissue growth patterns are present in each patient, but they cannot exhaustively enumerate each and every relevant cell type under the microscope. That is what our PathExplore products provide - they not only accurately identify where each cell is located, but they provide structured and standardized feature tables that can enable next generation pathology research to be performed.” To learn more about PathAI’s PathExplore HIF research data set and apply for access, please reach out to pathexplore.hifs@pathai.com. If approved, there is no cost to academic researchers to access and use these data sets. PathExplore HIFs are for research use only and not for use in diagnostic procedures. Biopharma industry partners interested in purchasing a license to access PathExplore TCGA HIFs may reach out to bd@pathai.com for more information. PathAI is the only AI-focused technology company to provide comprehensive precision pathology solutions from wet lab services to algorithm deployment for clinical trials and diagnostic use. Rigorously trained and validated with data from more than 15 million annotations, its AI-powered models can be leveraged to optimize the analysis of patient samples to improve efficiency and accuracy of pathology interpretation, as well as to better gauge therapeutic efficacy and accelerate drug development for complex diseases. PathAI, which is headquartered in Boston, MA, and operates a CAP/CLIA-certified laboratory in Memphis, TN, is proud to have a team of 600+ innovative thinkers from around the globe. For more information, please visit www.pathai.com. Contact Details SVM Public Relations and Marketing Communications Maggie Naples +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

July 27, 2023 10:00 AM Eastern Daylight Time

DSS, Inc.’s (NYSE American: DSS) Subsidiary Appoints New Chief Investment Officer to Aggressively Develop Mutual Fund Business for Eventual Spinoff

DSS, Inc.

By David Willey, Benzinga DSS Wealth, Inc. has appointed Daniel Lew as its new Chief Investment Officer (CIO) and Portfolio Manager. DSS Wealth is a mutual fund and a wholly-owned subsidiary of DSS, Inc. (NYSE American: DSS), a multinational that looks to increase shareholder value through incubating and spinning off potentially lucrative companies. DSS, Inc. operates around 40 companies through 9 divisions targeted for high-growth potential, including healthcare, real estate and renewable energy. As its new CIO, Lew will manage DSS Wealth's investment strategies, resource allocation, and risk management to achieve clients' financial goals. He has several decades of experience managing investments, as well as in security analysis and institutional client advisory. Senior investment management positions he has held include those at companies like AIG SunAmerica, Strong Capital, John Hsu Capital, Citizens Advisers and Equitable Capital. Along with his management positions, Lew has also consulted for institutional funds at both William M. Mercer and RogersCasey. Lew’s appointment reflects DSS Wealth's commitments both to attracting top talent and to providing their clients with outstanding investment solutions and personalized service. Daniel Lew, said, "I joined DSS Wealth, Inc. with the mission to build a strong, seasoned team that will deliver better fund performance for DSS AmericaFirst Fund shareholders and to grow assets under management. I am excited that the stock market has been strong, largely driven by a select group of the largest stocks (The Magnificent Seven) in the first half, and now we are seeing signs of breadth expanding to undervalued stocks, especially high dividend and smaller caps. Expanding breadth is usually a strong bullish sign that stocks have much further to run. There is currently over $5 trillion in assets sitting in money market funds to add fuel to the fire." Promoting DSS’ Mission As its new Portfolio Manager, Daniel Lew will leverage his wide-ranging industry experience to drive investment decisions and generate superior returns for clients of DSS Wealth. The company also advises DSS AmericaFirst Quantitative Funds, which approaches investing by using a unique quantitative approach that helps the fund achieve its investment goals. Bringing on Lew is a key strategic move to help grow DSS Wealth, even as the confidence of some hedge fund managers has faltered during 2023. The move comes with the objective of positioning Lew and DSS Wealth to aggressively develop in the sector and advance DSS, Inc.’s overall strategy of incubating and spinning off companies. Lew added, "I was attracted to DSS because of the fact that there are many good underlying businesses here with experienced management teams that are in various stages of turnaround and growth. At the right point, executive management is committed to unlocking those values via spinouts, sales, or mergers. The appreciation potential for patient investors is considerable and I'm very excited to be able to play a role in building shareholder value.” Jason Grady, Chief Operating Officer at DSS, Inc., commented on Lew’s appointment, “His extensive experience, track record, impressive credentials, and demonstrated expertise make him an invaluable addition to our firm. We are confident that under his leadership, our investment strategies will deliver exceptional results for our clients.” DSS, Inc. recently confirmed the highly-anticipated spinoff in its biotech subsidiary, Impact Biomedical. Investors will be awarded four shares of Impact for every share they own in DSS once the company is spun off. The decision to spin off Impact is following the major announcement that its subsidiary Global BioLife, Inc. has signed a licensing partnership with ProPhase BioPharma Inc. (NASDAQ: PRPH) to develop two promising therapeutics, Equivir and Linebacker, from Global BioLife. Within the next few fiscal quarters, DSS plans to spin off two other successful subsidiaries, the medical real estate investment trust, AAMI/AMRE, and the financial services company, American Pacific Bancorp. DSS, Inc. may offer risk-tolerant investors an attractive approach to building a diversified portfolio of future stock dividends as the company executes its business plan of periodic subsidiary spinoffs to its shareholders. Learn more about DSS, Inc. by visiting its website. DSS is a multinational company operating businesses within nine divisions: Product Packaging, Biotechnology, Direct Marketing, Commercial Lending, Securities and Investment Management, Alternative Trading, Digital Transformation, Secure Living, and Alternative Energy. DSS strategically acquires and develops assets to enrich the value of its shareholders through calculated IPO spinoffs and a parametric share distribution strategy. Since 2019, under the guidance of new leadership, DSS has built the necessary foundation for achievable growth through the formation of a diversified portfolio of companies positioned to drive profitability in multiple high growth sectors. These companies offer innovative, flexible, and real-world solutions that not only provide mutual benefits for businesses and their customers, but also create sustainable value and opportunity for transformation. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice Contact Details Rick Lutz- TraDigital IR rick@tradigitalir.com Company Website https://www.dssworld.com/

July 27, 2023 09:00 AM Eastern Daylight Time

hVIVO CEO reports on "very strong" H1 2023

hVIVO PLC

hVIVO PLC (AIM:HVO) chief executive Mo Khan speaks to Thomas Warner from Proactive after the specialist contract research organisation released a trading update for first half of 2023 - a period he describes as a "very strong six months." Khan gives his highlights from the update, highlighting a 52% year-on-year increase in revenues to £27.3mln. He attributes the growth to improved operational efficiencies and the increasing frequency of large concurrent trials. The company reports cash reserves of £31.3 million, even after paying out a special dividend of £3 million, with an order book of £78 million. Addressing a technical detail, Khan mentioned that the company would now report revenue exclusive of other income to align with industry practice. Despite delays at the Medicines and Healthcare Products Regulatory Agency impacting some UK clinical trials, Khan says that hVIVO has successfully managed the situation through its risk mitigation strategy. For the next six months, hVIVO plans to maintain its growth momentum, with full-year guidance of £53 million in revenue and an ever-expanding order book. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

July 27, 2023 08:36 AM Eastern Daylight Time

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Powering Multiple CPG Industries With A 'Secret Sauce': Bioscience Company Reports Its Proprietary Nanotech Improves Taste And Absorption Of Functional Foods & Beverages

Rexis Biotech

By Rachael Green, Benzinga This month, Rexis Biotech, the company behind an innovative new nano fiber technology for creating highly water-soluble infusions from hydrophobic molecules, announced a new partnership with 3Chi, Inc. The partnership makes Rexis the world’s largest hemp-derived cannabis manufacturer and will see 3Chi’s initial order of 1M cans distributed via Rexis’ massive national distribution network. The agreement is the latest in a string of major contracts Rexis has landed this year, and the news comes in the midst of the biotech’s ongoing crowdfunding campaign through WeFunder, where Rexis is seeking to raise equity and awareness of its new technology. Rexis Is Leveraging Its Proprietary Fused Polymorph Nano Fiber Technology To Improve The Quality And Potency Of Consumer Goods Rexis uses a proprietary co-crystal in a patented procedure that creates a completely tasteless and odorless powder for infusing into foods and beverages. Co-crystallization combines two or more molecules into a single stable crystal structure. It’s already being used in the pharmaceutical industry to improve the bioavailability of drugs. But it’s typically been limited to small-scale or specialized production because it’s a complex and expensive process. Trademarked under the name Fused Polymorph Nano Fiber Technology, this advanced co-crystallization platform turns hydrophobic molecules like CBD, THC and many essential vitamins into nanoparticles ranging from 35 to 50 nanometers. For scale, a single viral cell is about 50 to 100 nanometers. This tiny size makes the ingredients easier for the human body to absorb because it is mostly absorbed within the mouth, well before first past digestion. Clinical research has found that CBD processed using Fused Polymorph Nano Fiber Technology TM is more than 48% bioavailable, for example. That’s a substantial improvement over the 6% bioavailability of standard CBD oil. Better bioavailability means more of the active ingredient is actually getting absorbed into the bloodstream. For ingredients like CBD or THC, that can mean a faster onset of effects and the ability to get the effects you need with a lower dose. Rexis says its proprietary nano fibers can be absorbed into the bloodstream more quickly and completely than standard emulsions. They can even adjust the length of the fibers to speed up or slow down the onset/offset timing. CBD oil isn’t the only poorly-absorbed ingredient on the market. Many of the most popular supplements contain hydrophobic vitamins like Vitamin A, C, D, E, and K. Other functional ingredients like caffeine and many of the essential amino acids the body needs to make protein are also hydrophobic. In addition to being poorly absorbed, the amount that actually makes it into the bloodstream can vary depending on a range of factors. That means you can take the exact same dose and get different results. The technology Rexis uses is meant to not only improve those absorption rates but also make them more consistent so that consumers can more reliably predict what dose to take to meet their needs while ensuring taste is retained or improved – this gives the company a potentially large total addressable market spread across multiple industries. Rexis Is Gaining The Attention Of Industry Leaders Across Key Markets Manufacturers are already hopping on board to use this Fused Polymorph Nano Fiber Technology TM in their supplements, beverages, and other consumer products. Rexis says it’s already signed more than $8.35 million worth of contracts in the first half of this year with a range of clients in rapidly growing industries like cannabis, wellness and functional beverages – the company boasts of powering brands like 3Chi and First Person Group thanks to its focus on retaining or improving taste. In addition to the million dollar agreement with 3Chi this month, the company has signed contracts with other cannabis leaders like Happy Valley, Redbud Roots and Nectr. But it’s not just licensing its tech to customers. Rexis is also developing its own line of retail brands and pharmaceuticals to add additional revenue streams and showcase the wide-ranging potential of this technology. Meanwhile, investors have already helped the biotech raise over $260K through its crowdfunding campaign. For investors interested in learning more, check out their WeFunder page. Rexis is the industry leader and pioneer in developing Hydrophobic Molecule Delivery systems. Leading in the innovation, production and formulation of water based ingredients for use in the Pharmaceutical and Consumer Packaged goods industry. Established in 2022, Rexis is building a core mix of proprietary IP used to sustain strong sales models with pharmaceutical licensees, consumer packaged goods manufacturers and clinical research teams. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Ryan Erving ryan@rexissystems.com Company Website https://www.rexissystems.com

July 26, 2023 09:25 AM Eastern Daylight Time

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