InvitroCue Ltd (ASX:IVQ), a biotechnology company specialising in cell-based and image-based analytics, will enter the oncology testing market for drugs to provide data points in selected solid tumours.
The company will use 3D cell-based technology to culture patient derived cancer cells in its laboratories for testing against a panel of approved drugs and new drug candidates.
This will enable biopharmaceutical companies and medical researchers to understand the impact of cancer treatments prior to conducting time consuming and expensive clinical trials.
Subsequently, InvitroCue’s technology may create a new market for personalised drug testing using FDA approved drugs to improve individual treatment outcomes in selected solid tumours.
InvitroCue has also entered into a research collaboration with a Chinese medical university and is seeking clinical partnerships in Australia, Europe and USA.
In February, the company had signed up with the National Cancer Centre Singapore to develop applications to improve treatment outcomes in primary liver cancer patients.
InvitroCue is well funded with $2 million cash as on 31 March, 2016.
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