Akoya Biosciences and NeraCare announced a global license agreement to develop the Immunoprint test for early-stage melanoma.
Quiver AI Summary
Akoya Biosciences, Inc. and NeraCare have entered into an exclusive global license agreement to develop and commercialize NeraCare's Immunoprint test using Akoya's multiplexed immunofluorescent platform. This partnership, which builds on their earlier collaboration, allows Akoya to market the Immunoprint test for clinical research, diagnostic development, and potential patient clinical testing. The Immunoprint assay is designed to identify early-stage melanoma patients at high risk of relapse, addressing a significant unmet need in melanoma care, as many early-stage patients currently lack access to effective treatments. Both companies highlight their complementary expertise in spatial biology and diagnostic development, aiming to improve treatment options for melanoma patients worldwide. The agreement positions Akoya to advance its clinical strategy and enhance patient outcomes in melanoma care.
Potential Positives
- Akoya Biosciences has secured an exclusive global license agreement to develop and commercialize NeraCare's Immunoprint test, which addresses a critical need in early-stage melanoma patient care.
- The partnership leverages Akoya's advanced multiplex immunofluorescence technology alongside NeraCare's clinically validated Immunoprint assay, enhancing the potential for transformative patient outcomes.
- The collaboration focuses on expanding access to therapeutic options for early-stage melanoma patients, who currently lack effective treatment pathways, thereby positioning Akoya as a leader in addressing this significant market gap.
Potential Negatives
- The press release heavily emphasizes forward-looking statements, indicating potential uncertainty regarding the development, regulatory approval, and market acceptance of the Immunoprint test, which could imply risk to investors and partners.
- There is a lack of concrete detail regarding the timeline for commercialization and the specific regulatory hurdles Akoya may face, which might raise concerns about the feasibility of the collaboration’s goals.
- The press release does not provide information about potential competition or existing solutions in the market, leaving unanswered questions about how Immunoprint will differentiate itself and succeed commercially.
FAQ
What is the purpose of the Akoya and NeraCare partnership?
The partnership aims to develop and commercialize the Immunoprint test for early-stage melanoma patient care.
How does the Immunoprint assay benefit melanoma patients?
The Immunoprint assay identifies early-stage melanoma patients at high risk of relapse, allowing for timely therapeutic options.
What technologies are involved in this collaboration?
The collaboration combines Akoya's multiplexed immunofluorescent technology with NeraCare's Immunoprint assay for enhanced patient stratification.
What does the exclusive license agreement entail?
The agreement grants Akoya exclusive rights to develop, market, and commercialize the Immunoprint test globally, pending regulatory approval.
How many melanoma diagnoses occur annually?
Over 235,000 new melanoma diagnoses occur every year, with a significant percentage classified as early-stage disease.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AKYA Insider Trading Activity
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Full Release
MARLBOROUGH, Mass. and FRANKFURT, Germany, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Akoya Biosciences, Inc. (Nasdaq: AKYA), The Spatial Biology Company, and NeraCare, a leading developer of laboratory tests for the prognosis of melanoma, today announced an exclusive global license agreement to develop and commercialize NeraCare’s Immunoprint test on Akoya's multiplexed immunofluorescent platform. Building on the research collaboration between the companies announced earlier this year, the license agreement grants Akoya the exclusive right to develop, market and commercialize the test for clinical research, diagnostic development or, following regulatory approval, patient clinical testing as both a laboratory test or a distributable diagnostic on Akoya's PhenoImager HT platform.
Melanoma, the leading cause of skin cancer, sees over 235,000 new diagnoses every year, 80% of which are in early-stage disease (IA/IB/IIA). While these early-stage patients undergo surgery and subsequent monitoring, they are ineligible to receive effective adjuvant therapies approved for later stage melanoma. NeraCare’s Immunoprint assay addresses this critical unmet need by identifying early-stage melanoma patients at high risk of relapse, comparable to later-stage patients, making them ideally suited to potentially benefit from therapeutic options.
"The agreement builds on the complementary expertise of both companies: Akoya’s market-leading multiplex immunofluorescence technology and NeraCare’s innovative development and rigorous clinical validation of Immunoprint. Together, we aim to expand access to life-saving therapies for early-stage melanoma patients worldwide," said Friedrich Ackermann, Co-Founder of NeraCare.
“Our collaboration is a testament to the versatility of Akoya’s PhenoImager HT platform and the clinical impact spatial biology can deliver. Immunoprint has proven unparalleled in identifying high-risk melanoma patients through multiple clinical studies, and our partnership aims to offer a platform to address the unmet need for earlier therapeutic intervention,” added Daniel von Janowski, Co-Founder of NeraCare.
“Our exclusive partnership with NeraCare for Immunoprint is a significant advancement of our clinical strategy providing Akoya and our pharmaceutical partners the opportunity to transform melanoma patient care We are honored to be partnering with NeraCare to help bring this test to market and serve a critical unmet need," said Brian McKelligon, CEO of Akoya Biosciences.
Forward-Looking Statements
This press release contains forward-looking statements that are based on management’s beliefs and assumptions and on information currently available to management. All statements contained in this release other than statements of historical fact are forward-looking statements, including statements concerning our expectations about the potential, utility and safety of Immunoprint, our ability to develop, achieve regulatory approval, commercialize and achieve market acceptance of Immunoprint, the potential impact of Immunoprint on patient treatment and outcomes, and other matters regarding our business strategies, future performance, collaborations and plans and objectives for future operations.
In some cases, you can identify forward-looking statements by the words “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks, uncertainties and other factors are described under "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in the documents we file with the Securities and Exchange Commission from time to time. We caution you that forward-looking statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. As a result, the forward-looking statements may not prove to be accurate. The forward-looking statements in this press release represent our views as of the date hereof. We undertake no obligation to update any forward-looking statements for any reason, except as required by law.
About Akoya Biosciences
As The Spatial Biology Company ® , Akoya Biosciences’ mission is to bring context to the world of biology and human health through the power of spatial phenotyping. The company offers comprehensive single-cell imaging solutions that allow researchers to phenotype cells with spatial context and visualize how they organize and interact to influence disease progression and response to therapy. Akoya offers a full continuum of spatial phenotyping solutions to serve the diverse needs of researchers across discovery, translational and clinical research: PhenoCode™ Panels and PhenoCycler ® , PhenoImager ® Fusion and PhenoImager HT Instruments. To learn more about Akoya, visit www.akoyabio.com .
About NeraCare
NeraCare is a developer of laboratory tests for individualized survival prediction of melanoma patients with offices in Frankfurt, Germany and New York, USA. The current portfolio includes two assays: (i) immunoprint ® , an immunohistochemistry-based assay which identifies patients with early-stage melanoma who are at high-risk of relapse and death and (ii) MelaGenix ® , a gene-expression-based assay which was used as an inclusion criterion in the NivoMela trial. NivoMela is the first clinical trial in melanoma to select patients for adjuvant treatment based on individualized risk for relapse. To date, NeraCare has raised $20+ million in venture capital financing.
Investor Contact:
Priyam Shah
[email protected]
Media Contact:
Christine Quern
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