News Hub | News Direct

Healthcare

Addiction Biotech Cannabis Genetics Healthcare Medical Devices Pharmaceutical Science Veterinary
Article thumbnail News Release

AI Tool Predicts Colon Cancer Survivorship and Response to Treatment

MarketJar

Harvard Medical School and National Cheng Kung University in Taiwan have designed an artificial intelligence (AI) algorithm to improve colorectal cancer prognosis and treatment options. The new technique uses microscopic images of tumor samples to reliably predict colorectal tumor aggressiveness. It predicts survival with and without disease recurrence and the optimum treatment. The new approach may help clinicians recommend more intense follow-ups, aggressive treatments, or clinical trials of newer drugs for individuals with poor prognosis. In areas with limited access to advanced pathology and tumor genetic sequencing, the strategy may be useful. This new AI tool goes beyond mimicking or optimizing human expertise and can see visual patterns on microscope images that the naked eye cannot. The algorithm was trained with patients' ages, sexes, cancer stages, and results using records from almost 2,000 colorectal cancer patients. The tumor's genomic, epigenetic, protein, and metabolic profiles were inputted. The model pathologist was then presented tumor samples and instructed to look for visual markers of tumor types, genetic mutations, epigenetic alterations, disease progression, and patient survival. The researchers showed the model novel pictures of tumor samples from multiple patients to test its "real-world" performance. To evaluate its efficacy, they matched its results to real patients and other clinical data. After diagnosis, survival time and cancer-free years were accurately predicted. The technology also projected how a patient's tumor would respond to certain medications based on genetic variations that made the cancer more or less likely to form or spread. The technique outperformed pathologists and cutting-edge AI algorithms. The researchers believe this approach could assist guide treatment decisions in cases when resources are short or genetic sequencing of tumor tissue is not possible. It could help clinicians and patients navigate colorectal cancer, which kills 1 million people globally each year. When it comes to combating colon cancer, early detection is key. It’s also important that cancer detection is simple, accessible, and affordable. Up until recently, a colonoscopy was the most accurate way to detect colon cancer. However, over one-third of eligible individuals refuse to undergo a colonoscopy, which is why non-invasive alternatives are needed. Mainz Biomed ( NASDAQ:MYNZ ) is the company behind ColoAlert, a highly accurate and easy-to-use at-home screening test for colorectal cancer (CRC). This product is the first DNA-based screening test for colorectal cancer and is already approved in the European Union. Revolutionary At-Home Cancer Screening Test Moves Toward FDA Approval Mainz Biomed 's flagship product ColoAlert, which is based on PCR technology, detects more cases of colorectal cancer than other stool tests and enables for early diagnosis. The product is already commercially available in some EU nations through a network of top independent laboratories, corporate health programs, and direct sales and the company is working towards US approval. The company has already successfully completed its pre-submission process, and IRB approval for its pivotal FDA study, ReconAAsense. That means that FDA approval could potentially be in the future and if that happens, it could send this company into a new dimension. ColoAlert will be tested in a pivotal FDA-registration trial 'ReconAAsense' to acquire commercial approval in the United States. Once licensed in the US, Mainz Biomed ’s goal is to build scalable distribution across the country through a collaborative partner program with regional and national laboratory service providers. Mainz Biomed has joined Eurofins GeLaMed to its network of lab partners delivering PCR test kit processing of ColoAlert. Eurofins GeLaMed is part of Eurofins Scientific, a multinational laboratory business with over 61,000 people in 61 countries and 450 million tests per year. It has four facilities in Germany. Eurofins GeLaMed offers advanced diagnostics in human genetics, medical microbiology, laboratory medicine, and molecular diagnostics in eleven medical departments. GeLaMed's over 500 staff process more than 15,000 orders each day and offer more than 2,000 analytical methods from their laboratory medicine and microbiological portfolios under medical professionals. Eurofins Business Line Director Clinical Diagnostics DACH Marcus Cholewa said he was excited about Mainz Biomed and Eurofins GeLaMed's collaboration because Eurofins always provides excellent customer service, quality, advanced analytical solutions, and the most comprehensive testing methods. He also said that Eurofins has a history of providing innovative and high-value diagnostic testing solutions, and that by working, they might help identify colorectal cancer (CRC) and give patients individualized information to manage their health. Under the agreement, Eurofins GeLaMed will offer ColoAlert at its testing sites and Mainz Biomed will help with physician and patient education programs for March Colorectal Cancer Awareness Month, emphasizing the importance of early screening for CRC detection and prevention. Please visit this link for additional information on Mainz Biomed ( NASDAQ:MYNZ ) and its projects. Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Mainz Biomed NV. Market Jar Media Inc. has or expects to receive from Mainz Biomed NV’s Digital Marketing Agency of Record (Native Ads Inc.) seventy three thousand three hundred forty USD for 17 days (13 business days). 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Mainz Biomed NV’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Mainz Biomed NV’s industry; (b) market opportunity; (c) Mainz Biomed NV’s business plans and strategies; (d) services that Mainz Biomed NV intends to offer; (e) Mainz Biomed NV’s milestone projections and targets; (f) Mainz Biomed NV’s expectations regarding receipt of approval for regulatory applications; (g) Mainz Biomed NV’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Mainz Biomed NV’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Mainz Biomed NV’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Mainz Biomed NV’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Mainz Biomed NV’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Mainz Biomed NV’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Mainz Biomed NV to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Mainz Biomed NV’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Mainz Biomed NV’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Mainz Biomed NV’s business operations (e) Mainz Biomed NV may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, Mainz Biomed NV undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Mainz Biomed NV nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Mainz Biomed NV nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Mainz Biomed NV or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Mainz Biomed NV or such entities and are not necessarily indicative of future performance of Mainz Biomed NV or such entities. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

May 03, 2023 09:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Software Effective Solutions "MEDCANA" (OTC: SFWJ) will begin first round of full-scale production of non-THC cannabis in Colombia with one of its subsidiaries

Software Effective Solutions Corp.

Software Effective Solutions, (OTC: SFWJ) (“The Company”, “SFWJ”) doing business as MedCana, is pleased to announce that one of its subsidiaries in Colombia will begin full-scale production of non-THC cannabis for export to Europe in response to high demand in the area. This expansion comes after the successful completion of full crop cycle testing and infrastructure development. The company’s decision to enter the European market is driven by the region’s increasing demand for high-quality, non-THC cannabis products. The production will be in accordance with European Union regulations and the company will be working with its experienced team of agricultural engineers and chemists in Colombia to ensure that the products meet the highest standards. “We are excited to announce our first run at full scale production with one of our companies, which is a key part of our growth strategy,” said J. Gabriel Diaz CEO of Medcana “Our team has worked diligently to develop a cultivation and production process that ensures the highest quality of non-THC cannabis. We see this as a great first step in execution, which is the most important objective in our company now.” The subsidiary will begin full-scale production in the next 60 days and is expected to start exporting to Europe in the coming months. ABOUT SFWJ: Software Effective Solutions/MedCana is a global infrastructure and holding company in the cannabis industry. Currently, MedCana has five companies focused on pharmaceutical cannabis production, one software company focused on managing processes for plant-to-patient operations. The recent acquisition an irrigation and greenhouse technology company has rounded out MedCana’s portfolio of companies. MedCana's initial focus is on developing clients and companies in Latin America with an initial focus in Colombia and partnerships with laboratories, research facilities, and hospitals throughout the world. SAFE HARBOR STATEMENT This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Contact: Jose Gabriel Diaz, CEO www.medcana.net info@medcana.co Contact Details MedCana info@medcana.co Company Website https://www.medcana.net/

May 03, 2023 09:00 AM Eastern Daylight Time

Article thumbnail News Release

NAVEX Opens Nominations for 2023 Customer Excellence Awards

NAVEX Global

NAVEX, the leader in integrated risk and compliance management software, today announced nominations are now open for the third annual NAVEX Customer Excellence Awards. This prestigious award acknowledges and celebrates the exceptional performance of NAVEX customers’ ethics, compliance and integrated risk management programs. The nomination window will be open until July 12, 2023. Previous Customer Excellence Award winners include Dell Technologies, Castolin Eutectic Holding GmbH, Jacksonville Transportation Authority and Genpact. Interested NAVEX customers can submit their entry today via the NAVEX Customer Excellence Award website. “A robust risk and compliance program is fundamental to creating and maintaining a highly motivated workplace culture,” said Steve Chapman, Chief Customer Officer at NAVEX. “Our annual excellence awards recognize especially strong programs that demonstrate measurable impact on business success. We look forward to seeing all of this year’s nominations.” The Customer Excellence Awards recognize exceptional program performances from NAVEX's 13,000+ customers worldwide, covering 70 million employees, categorized by company size and across three categories. Ethics & Compliance – Recognizes the exceptional ability to identify and mitigate risks, provide meaningful insights into corporate culture and drive risk aware decision-making through E&C programs. Integrated Risk Management – Recognizes the exceptional ability to adapt to specific risk landscapes, bring visibility to risk across the organization and use informed data to influence decisions that ultimately make for a more resilient and successful business. GRC Program of the Year – Recognizes the exceptional ability to break down silos across the business to align ethics and compliance, and/or integrated risk management, resulting in a comprehensive risk and compliance management program that provides efficiency and actionable insights. As in years past, an expert panel of judges will determine the winners, consisting of some of the most respected names in the industry, including Vera Cherepanova, Studio Etica; Matt Kelly, Radical Compliance; Michael Volkov, The Volkov Law Group; Kyle Welch, George Washington School of Business; Carol Williams, Strategic Decision Solutions; along with NAVEX executives Florian Haarhaus, International General Manager; Steve Chapman, Chief Customer Officer; and Carrie Penman, Chief Risk & Compliance Officer. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Scott Levesque +1 617-388-5773 scott.levesque@navex.com Company Website https://www.navex.com

May 03, 2023 08:30 AM Eastern Daylight Time

Article thumbnail News Release

Matinas BioPharma shares lipid nanocrystal platform delivery for emerging anti-fungal drug

Matinas BioPharma

Matinas BioPharma CEO & Co-founder Jerry Jabbour joins Natalie Stoberman from the Proactive newsroom to discuss the company's latest growth and momentum surrounding its MAT2203 trial as a potential oral broad-spectrum treatment for invasive deadly fungal infections. Matinas BioPharma is a biopharmaceutical company focused on delivering groundbreaking therapies using its lipid nanocrystal platform delivery technology to maximize global clinical impact and patient access. The company is also developing its own internal portfolio of products as well as partnering with leading pharmaceutical companies to develop novel formulations that capitalize on the unique characteristics of the LNC platform. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

May 02, 2023 02:16 PM Eastern Daylight Time

Video
Article thumbnail News Release

Former L'Oréal President Jim Morrison, Chief Executive Officer of Emergent Health Corp. Reports Year to Year Revenue Increase of Over 380% and Quarter to Quarter Revenue Increase of Over 100%

Emergent Health Corp.

Emergent Health Corp. (OTC: EMGE), a curator, developer, and marketer of products in the Regenerative Health Space announced today announced revenues of $373,406 for the quarter ended December 31, 2022 as compared to $185,471 for the quarter ended September 30, 2022, an increase of over 100% and revenues of $574,613 for the Year Ended December 31, 2022 as compared to $119,567 for the year ended December 31, 2021, an increase of over 380%. The financial statement can be viewed in its entirety at: https://www.otcmarkets.com/otcapi/company/financial-report/367945/content. Jim Morrison, former L'Oréal President and Emigrant’s new full time CEO stated, “The company is now engaged with several large biologics companies, and we expect enormous growth over the second and third quarter.” Emergent projects to continue increasing its revenues quarter to quarter as it expands its business internally and externally by acquisition. Recent Developments: On February 23, 2023, announced that it anticipates closing the acquisition to acquire Nanosthetic Cosmetic Labs (“Nanosthetic”) shortly. Nanosthetic, of Fort Lauderdale Florida, holds proprietary intellectual property that has been developed over the past ten years. The press release can be viewed in its entirety here. On February 21, 2023, Emergent on behalf of its subsidiary, Evolutionary Biologics, Inc., announced that it has executed a Letter of Intent to acquire a privately held company in the regenerative medical field. The company is profitable and does $5.4 Million in current revenues and projects a total of $9 Million in revenues for 2023. The press release can be viewed in its entirety here. The global biologics market size was valued at US $366.43 billion in 2021 and it is expected to hit over US$ 719.84 billion by 2030 with a noteworthy CAGR of 7.8% from 2022 to 2030. A biologic medication is a product that is made from live organisms and contains living organism components. Examples of biologics are Recombinant protein, tissues, allergens, genes, cells, blood components, blood, and vaccinations are all examples of biologics. Examples of what can be treated are Anemia, hemophilia, chronic migraine, hepatitis B, rheumatoid arthritis, inflammatory bowel disease, and other disorders and infections are treated with biologics. Our focus is on aesthetics cosmetics and men’s and women’s health, but also wound care and tissue regeneration. Various government efforts, higher share of biologics in the market, and rising use of biopharmaceuticals over chemically produced molecules, and many other factors are driving the biologics market expansion in the forecast period. ABOUT EMERGENT HEALTH CORPORATION Emergent curates, develops and sells products in the Regenerative Health Space. Its products comprise of ingestibles as well as topicals for the whole family. The company distributes its products online and through Content Based Shopping using Influencers to position products in their produced content throughout the United States and Internationally. Its subsidiaries; PharmaZu, is a pure play, e-commerce products and service provider focused on the Pet Community, Pet Pharmacy and Pet Wellness using Influencers and their content, including the pet pharmacy, vet telehealth and pet wellness businesses; Regen BioWellness, is a distributor of various products in the plant-based and regenerative medical fields. Evolutionary Biologics, is a new kind of biologics company founded for a clear purpose: bring cutting edge regenerative products to the medical community. Emergent does not claim any of its products are approved by the FDA to diagnose, treat, cure or prevent any disease. For more information, please visit Emergent's Website and Social Media on Twitter. Before using any products, you should always consult with your Veterinarian and/or Family Doctor. SAFE HARBOR STATEMENT This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. FOR MORE INFORMATION, PLEASE CONTACT: Jim Morrison, CEO Emergent Health Corporation Website i nfo@emergenthealthcompany.com Contact Details Emergent Health Corp. info@emergenthealthcompany.com Company Website https://emergenthealthcompany.com/

May 02, 2023 09:00 AM Eastern Daylight Time

Article thumbnail News Release

Genflow Biosciences now "actively increasing" its presence in the US

Genflow Biosciences PLC

Genflow Biosciences PLC (LSE:GENF) CEO Dr Eric Leire spoke to Proactive after releasing final results for calendar year 2022 that show that the UK-based biotechnology company is fully funded for at least the next two years, despite its strong emphasis on R&D. Leire says that Genflow is "very excited" about the steps its taking to "actively increase" its presence in the US, where it has applied to trade its shares on the OTCQB Venture Market. Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 02, 2023 07:45 AM Eastern Daylight Time

Video
Article thumbnail News Release

Destiny Pharma's nasal spray project already delivering "more than hoped for"

Destiny Pharma PLC

Destiny Pharma PLC (AIM:DEST, OTC:DTTYF) CEO Neil Clark speaks to Proactive after releasing fresh data from the update from a research collaboration into a novel biotherapeutic treatment for COVID-19 and influenza. Clark says that the project has already delivered "more than hoped for" and that it will be "really interesting to see where [it] goes next." Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 02, 2023 07:30 AM Eastern Daylight Time

Video
Article thumbnail News Release

Ondine Biomedical shares potential impact of photodisinfection study on public health and safety

Ondine Biomedical Inc

Ondine Biomedical President and CTO Nicolas Loebel joins Natalie Stoberman from the Proactive studios to share how the latest results from its photodisinfection concept study can impact food safety in Canada and beyond. Loebel says the results of this study produced up to a 99.999% elimination of pathogens commonly found on hard surfaces in meat processing facilities, as well as those directly located on fresh-cut chicken, beef, and pork meat. Loebel adds these results could have direct impacts on community well-being and industry profitability by increasing consumer confidence in addition to reducing the strain on public health from food-borne illnesses. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

May 01, 2023 09:08 AM Eastern Daylight Time

Video
Article thumbnail News Release

Looking To Invest In Artificial Intelligence? Consider Evogene And Its Five Subsidiaries

TalkMarkets on EVGN

Evogene ( EVGN ) oversees five subsidiaries: Biomica, agPlenus, Lavie Bio, Castera, and Canonic. Each company uses Evogene’s unique artificial intelligence (AI) platform to develop products for different human medical needs and the agricultural industries. Their CPB platform, which stands for computational predictive biology, provides efficient ways to map plant phenotypes and microbial genomes. Their subsidiaries employ this AI technology to improve plant genetics, commercial fertilizers, and human medicines. Evogene produces revenue via its subsidiaries in two ways. It brings in benchmark and licensing payments from companies, who use its products and research. The main function of each subsidiary is to conduct research within their specialties using the CPB platform. The company also makes revenues from at-the-market sales of some of its products, including medical cannabis and wheat seed stimulant. Evogene’s stock price has been on the long-term downtrend which mirrors the trend of current market conditions. Global economic destabilization, ongoing bank crises, and historical interest rate hikes have diligently wrecked ideal market conditions for all stocks. These conditions may get worse and promise to stick around for a while. Buy ratings must be considered under these volatile conditions. Evogene has managed to stay afloat and its financial performance has continued to improve throughout this bearish period. Revenues are increasing for the company and each of its subsidiaries have new developments in their pipelines. The company’s stock price is trading at or near its all-time low and is undervalued at the moment. The situation may present an opportunity for investment with an eye to long-term growth. Updates on Evogene’s subsidiaries Lavie Bio uses Evogene’s MicroBoost AI engine to innovate agricultural supplements, like growth stimulates and fertilizer. The company recently received a $10 million investment from ICL (ICL) under a SAFE agreement. The company will collaborate with ICL to develop new agricultural products, here fertilizer. ICL is a global manufacturer of products made with specialty minerals. Lavie Bio currently has a growth stimulant on the market called Thrivus. Their spring wheat seed treatment, a microbiome-based bio-inoculant, was released on the market in the US during 2022 and sold out initially. The product increases summer wheat yields by up to four bushels per acre. The company plans to expand sales of Thrivus to other countries, like Canada and Europe. Lavie Bio also has a bio-fungicide, up for approval by the US EPA, which fights fruit rot and powdery mildew. It hopes to bring the fungicide to market in 2024 with focus on treating grape harvests. Biomica uses Evogene’s MicroBoose AI to develop microbiome-based medical treatments. The company currently has three drug candidates, which are undergoing clinical research and trials. BMC-128 is being developed to treat solid tumors in humans. The drug candidate is currently being tested on cancer patients in a Phase 1 clinical trial for human safety. The company hopes to begin Phase 1b/2 in 2024. The company’s second drug candidate, BMC333, is a microbiome therapeutic for treating inflammatory bowel disease. The drug, consisting of a combination of four live bacteria strains, has been tested on animals and found to reduce inflammation and tissue damage along the GI tract. The company plans a phase 1 trial in 2024. Biomica’s third drug candidate, BMC426, is being considered for the treatment of irritable bowel syndrome. The company has completed discovery with its candidate and has moved into pre-clinical trials. Biomica recently received a $20 million investment round led by Shanghai Healthcare Capital. The deal received regulatory approval from China today and allows for future investment rounds. AgPlenus uses Evogene’s ChemPass AI technology to develop commercial herbicides, insecticides, and fungicides. The company is currently focused on developing an herbicide which is effective on herbicide resistant weeds in commercial crops. AgPlenus’s current candidate, APH1, is an herbicide for treating unwanted weeds in large commercial grow operations. The company is in a partnership with Corteva ( CTVA ) for developing new herbicides. AgPlenus discovers new herbicide candidates, while Corteva tests them and ultimately licensing them. AgPlenus has other products under development, including a fungicide. Casterra, Evogene’s newest subsidiary, uses the company’s GeneRaptor AI technology to innovate novel castor plant varieties. Castor seeds processed into oil are used worldwide for bio-diesel and are currently in high demand. The company recently signed an agreement with a European energy company to provide castor seeds and technical support for a set of cultivation sights in Africa. Casterra has another agreement with Titan Castor Farms in Zambia for production and distribution of its castor seeds. The company feels that castor seeds may be the next major catalyst for its financial performance and shareholders. Canonic uses Evogene’s GeneRaptor AI technology to map and breed cannabis genetics for medical applications. The cannabis strains are bred to have specific traits for treating certain medical conditions. The company has recently released its second-generation cannabis products in the Israeli medical cannabis market. These new genetics were perfected at Canonic’s cannabis research facility and boast a high THC potency of 24%. The products consist of a selection of dried flowers and THC oil tinctures. Evogene’s financial performance Over the last four quarters, revenues have increased for Evogene. In their Q3-2022 filings, the company reported revenues of $466K showing a more than 200% increase YoY. In their recent Q4-2022 filings, the company reported revenues of $660K more than 100% increase YoY and a 40% increase from last quarter. The company also reported its 2022 fiscal year performance. Revenue increased more than 80% from $930K (2021) to 1.675 million (2022). Evogene receives revenues through benchmark and licensing payments from companies usings its products and research. The company also has revenues from medical cannabis sales by Canonic and from sales of Lavio Bio’s wheat stimulant. The company expects future revenues from Casterra and its recent agreements to supply castor seed and support. The market consensus for Q1-2023 revenue estimates is $2 million, a significant increase from previous quarters. Whether or not the company hits that estimate, its revenues should continue to grow from quarter to quarter. Evogene reported a net loss of $3.8 million for Q4-2022, which is less than previous quarters. The company has a cash position of $31.860 million and receives enough money in receivables to continue its business and research strategy for some time. Evogene is set to receive $3.5 million from Bayer ( BAYRY ) for their seed trait collaboration agreement. The company’s largest operational cost is funding research and development. The company has no bank debt. The company requires about $4 million per quarter to operate. Evogene competes with such companies as Schödinger ( SDGR ), Ginkgo Networks ( DNA ), Exscientia ( EXAI ), and Relay Therapeutics ( RLAY ). Evogene is currently undervalued Evogene’s stock price has been trading under a $1 per share since September 2022. In January, the price began an uptrend towards a dollar per share, but in February a new down trend emerged. The price now sits near its all-time low around $.63 per share. There is a possibility that the company’s stock will have to undergo a reverse split to meet the minimum price requirements of $1 per share. So long as the stock price is low, the company remains undervalued. Its stock is currently trading at.49x NTM Total Enterprise Value / Revenue. The situation may present an opportunity to begin a long-term investment in the company’s stock. Evogene’s financials are sound and its research and product pipelines are robust. Greater market volatility may be the largest barrier in giving the company a strong buy rating for the time being. Conclusion Keep your eye on Evogene’s financial performance and research developments from its five subsidiaries. The company has been perfecting AI technology for a long time and its applications have produced innovative products. The company will continue to raise revenue numbers with its at the market products and benchmarks payments. Evogene has plenty of incoming receivables to fuel its research agenda and business strategy. The company’s stock is at an all-time low, while the company’s financial performance is on par with expectations. The metrics show that the company is currently undervalued and an investment opportunity may soon present itself. Larger market conditions will help decide if a long-term investment is tenable. Originally published at TalkMarkets. Related Articles: Biomica Announces Closing Of $20 Million Financing Round Led By Shanghai Healthcare Capital Evogene Offers An Excellent Risk/Reward Ratio More By This Author: Up In Smoke: Cannabis In A Bear Market Disclosure: This article is part of a new “UnderCovered” series of exclusive articles featuring companies with limited coverage. Authors are compensated by TalkMarkets for their time, and otherwise represent their own assessments and opinions. Authors are not compensated by the subject companies in any way. This article is also part of our IR Insights Initiative in which articles about participating companies can receive greater visibility. To learn more click here.​ Author Disclosure: No position in EVGN at the time of writing. Contact Details TalkMarkets ir@talkmarkets.com

April 28, 2023 09:00 AM Eastern Daylight Time

1 ... 9596979899 ... 236