IBX 13.2% 3.3¢ imagion biosystems limited

Interesting, page-473

  1. 321 Posts.
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    That’s exactly what I was referring to Glitterati.

    The potential for this is off the charts!

    For newcomers to IBX it’s probably worth pointing out that IBX sold some nano particles to an Israeli group - NewPhase Ltd who are conducting work in this exact space.

    This is from the announcement:

    “MELBOURNE — Imagion Biosystems Limited (ASX: IBX), a company dedicated to improving healthcare through the earlier detection of cancer, announced that NewPhase Ltd., an Israeli biotechnology company developing cancer treatments, has placed an order totaling approximately $300K for the supply of Imagion’s proprietary nanoparticles for 2020 to be used in the NewPhase product.

    As the Company reported in April of 2019, NewPhase is developing a proprietary cancer therapy based on hyperthermia; the principle of killing cancer cells by heating them. NewPhase’s treatment approach incorporates the use of Imagion Biosystems’ iron oxide nanoparticles into a nanoparticle matrix that targets cancerous tumours. This therapeutic approach, also known as sub ablative hyperthermia, is intended to kill only cancer cells and be harmless to normal tissue.

    “We are very pleased to continue to supply NewPhase with our nanoparticles,” said Bob Proulx, Executive Chairman of Imagion. “Partnering with companies that can leverage our core nanoparticle technology for complementary medical applications is a key element of our commercial strategy. It is clear we have significant opportunities to monetise our underlying technology for both the detection and treatment of disease.”

    Ted
 
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