Showing posts with label Oncology Startups. Show all posts
Showing posts with label Oncology Startups. Show all posts

For Its Blood Test to Detect Early-stage Prostate Cancer, Mumbai-based Datar Cancer Genetics Gets 'Breakthrough Designation' from the US FDA

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The US FDA grants the coveted Breakthrough Designation for Early-Stage Prostate Cancer Detection Blood Test Developed in India by Datar Cancer Genetics

It is the first blood test able to detect early-stage Prostate Cancer with high accuracy in men aged 55 years and above

Datar Cancer Genetics today announced that the US Food and Drug Administration (FDA) has granted 'Breakthrough Designation' for its blood test to detect early-stage prostate cancer. This is the second test from Datar Cancer Genetics that has received the Breakthrough Device Designation from the US FDA. Late last year, Datar Cancer Genetics’ breast cancer detection test became the first such test to receive the designation.

This is the first blood test for men which can detect early-stage prostate cancer with high accuracy. The test is available in India by the name of Easycheck. Men with serum PSA of more than 3 ng / mL can avail of this test in consultation with their physician. The test requires 5 ml blood and does not involve exposure to radiation or any of the discomforts of a digital rectal examination. 

The blood test is based on the detection of Circulating Tumor Cells (CTCs) specific to prostate adenocarcinoma. The test can detect early-stage prostate cancers with more than 99% accuracy without any false positives. The test has been validated in large clinical studies involving healthy males and prostate cancer patients.

In India, about 35,000 men were detected with prostate cancer in 2020 and this number is slated to increase every year, as is the case for all cancers due to various risk factors. Unfortunately, most prostate cancer cases are detected at late stages (III or IV) where it has spread to other organs. In such cases, curative surgeries that can remove the cancerous tissue are not viable options, and treatment involves long-term administration of anticancer drugs to manage the disease. If detected at early stages where cancer has not spread out of the prostate, prostate cancer has a very high (>99%) chance of being cured.

"About 75% of prostate biopsies are benign and with foreknowledge, these could be potentially avoided. The new blood test by the Datar team will help Doctors decide precisely the patients who need a biopsy and who do not. This is a very significant scientific advancement in the complex field of liquid biopsies coming from India. I congratulate the Datar team for their exemplary work and achievement," said Dr. Sewanti Limaye, Director of Medical and Precision Oncology and Oncology Research, Sir HN Reliance Foundation Hospital and Research Centre, Mumbai.

"It is a landmark acknowledgement that the US FDA has recognized the potential benefits of our 'first in the world' prostate cancer detection test. The highly coveted 'Breakthrough Designation' is granted after very rigorous evaluation. We take great pride in the fact that this test has been wholly developed in India and by Indian scientists and clinicians. This is our ongoing contribution to the Prime Minister's 'Atmanirbhar Bharat' mission after the breakthrough breast cancer detection test and is further intended to augment the global fight against cancer," said Mr. Rajan Datar, Chairman of the Company.

Appreciably, getting the test does not involve having to go to any hospital or health centre and waiting for appointments. The blood collection for this test can be done in the convenience and privacy of one's home or office after which the patient can go about their routine work. From the patient's point of view, the whole process is very non-intrusive.

The test is already available in Europe and is CE marked. The Company is in discussions with several leading healthcare providers for ready accessibility in India.

About Datar Cancer Genetics

Datar Cancer Genetics is a global oncology research and applications company that is spearheading the development of non-invasive technologies for improved detection, treatment and management of cancer. The Company's state-of-the-art cancer research centre is NABL, ISO, CAP and CLIA accredited. The Company serves cancer patients and suspected cases in the UK, European Union, United States, GCC, and India.

Precision Oncology Startup 4baseCare Raises $2 Mn in Pre-Series A Round from A Consortium of Venture Capital Firms

BANGALORE, India, March 11, 2021 /PRNewswire/ -- 4baseCare, an Illumina Accelerator backed precision oncology start-up, has raised an investment of USD 2M, led by investors Mount Judi Ventures, growX Ventures, Season Two Ventures, First In Ventures and a few strategic angel investors. The investor group has a strong understanding of healthcare & technology and focuses on creating social impact through their investments.


Hitesh Goswami and Kshitij Rishi

4baseCare aims to make precision oncology a standard of care in Asia by increasing the utilization of genomic tests in oncology and is working towards developing a first of its kind, Indian population specific gene panel that will analyze a large number of genes for cancer-associated mutations to identify optimal treatment options leading to improved outcomes.

With an annual cancer burden of 1.5 M+ across the country, these genomic tests are available to very few patients who can afford such tests. This is because of the current available test which is primarily sourced from foreign companies and are exorbitantly priced. The need of the hour is the development of affordable and indigenous solutions which can benefit more patients.

4baseCare will utilize the funds for expansion of the genomic tests portfolio and for increasing their geographical presence across Asia. Additionally, it will also focus on strengthening its R&D and operations.

Hitesh Goswami CEO, 4baseCare says, "Access to advanced technology, which can help improve treatment and care should be for everyone. Our vision is to leverage on technology to develop affordable solutions to personalize patient care in Oncology".

Kshitij Rishi, COO 4baseCare says, "With this capital, we will be increasing the affordability of our genomic test portfolio through research and process efficiency. With our comprehensive solutions and global collaborations, we are confident that we will make precision medicine a standard of cancer care in our country".

Mr. Sherif Kottapurath, Managing Partner of MJV and Ex-CTO of Sun Microsystems says, "We are delighted that 4baseCare, with its innovative and life-critical suite in precision oncology, is the second investment by Mount Judi India Growth Fund in the healthcare vertical. We are happy that in this funding round, 4baseCare was able to attract a strong consortium of investors from India and USA, which will fuel its growth across and beyond India".

Manu Rikhye, Partner at growX Ventures said "Cancer is the second most common cause of death in India and 4baseCare is leading the charge to fight it. 4baseCare team is leveraging its deep expertise in genomics to enable timely cancer diagnosis, and help identify the most precise targeted therapies to significantly improve patient outcomes. We look forward to working with this exceptional founding team as they work towards making India healthier".

Sajan Pillai, CEO and Managing Partner of Season Two Ventures said, "Genomics and other data capabilities are now redefining life sciences. Their quest to make precision oncology more affordable and accessible contributes greatly to the growing biotech space in India & globally & we are extremely happy to support them in their journey."

About Mount Judi Ventures

Mount Judi Ventures (MJV), a boutique fund house founded by successful entrepreneurs and experienced professionals, was the lead investor of this round. It aims to invest in innovative Indian start-ups in the early growth stage across MedTech / Healthcare, EduTech, Digital / IoT, Food, and CleanTech, and offers equitable terms to both the investors and entrepreneurs.

About growX Ventures

growX is a B2B and DeepTech focused early-stage venture fund which works closely with investee firms at both strategic and operational levels to drive scale and success. Its investments are focused on pre-seed and seed stages across a wide range of sectors. growX has invested in 35 companies like Fynd, Locus, Mad Street Den, Pixxel, Progcap, Wellthy, and Zipolan, among others.

About Season Two Ventures

Season Two Ventures is an early-stage venture fund based in Southern California investing in B2B companies in both the US and India. The fund seeks to generate value by identifying large scale problems, finding companies to solve those problems, and creating a pipeline of customers upon investment. The current fund focuses on four industry verticals: healthcare, fintech, supply chain, and energy tech.

About 4baseCare

4baseCare is engaged in the development of affordable and accessible precision oncology solutions, using advanced genomics and next-generation digital health technology, to personalize patient care in oncology.

With their presence in India and Singapore, 4baseCare is the first Asian healthcare organization backed by Illumina (the Global Genomics leader) through their Illumina Accelerator program.

4baseCare has also been selected for the 2nd Cohort of the AISEA accelerator (Sponsored by Department of Science & Technology, Govt. of India).

Website: https://4basecare.com
LinkedIn: https://www.linkedin.com/company/4basecare-genomics-private-limited/
Twitter: https://twitter.com/4basecare

Media Contact : SHUBHAM SHARMA, shubham@4basecare.com, 9886787900, Marketing Manager, 4baseCare

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