Geneoscopy Appoints Don Hardison to its Strategic Advisory Board
ST. LOUIS--(BUSINESS WIRE)--Geneoscopy Inc., a life sciences company that develops diagnostic tests for gastrointestinal health, today announced the appointment of Don Hardison to the Company’s strategic advisory board.
Don brings more than 40 years of executive leadership experience in both emerging and Fortune 500 companies to Geneoscopy’s advisory board. Most recently, Don served as President and CEO of Biotheranostics up until its acquisition by Hologic in February 2021. Prior to that, Don was President, CEO and Director at Good Start Genetics. Don also served as President and CEO of Exact Sciences, where he helped oversee the company’s initial public offering. Don has also held multiple senior leadership positions at companies such as LabCorp, Quest Diagnostics, and SmithKline Beecham, where he built a strong track record in strategy development, team building, and market planning and execution.
“I am optimistic that once approved by the FDA, Geneoscopy’s stool RNA platform will provide the opportunity to deliver an industry-leading accuracy profile for CRC screening, driven by high sensitivity for precancerous adenomas,” said Mr. Hardison. “This could enable Geneoscopy’s test to serve as a much-needed aid in the prevention of colorectal cancer. I am incredibly excited to help bring this potentially transformational CRC screening product to market and to assist Geneoscopy with its broad pipeline of diagnostic products for other GI health indications with major unmet clinical needs.”
Andrew Barnell, CEO of Geneoscopy, added, “Given Don’s extensive experience in diagnostic laboratory management, commercialization, sales, marketing, strategy, and operations, we’re excited to have him join our strategic advisory board at such an important stage in our company’s journey.”
About Geneoscopy Inc.
Geneoscopy Inc. is a life sciences company focused on the development of diagnostic tests for gastrointestinal health. Geneoscopy’s lead diagnostic uses stool-derived eukaryotic RNA (seRNA) to detect colorectal cancer and precancerous adenomas. This device was awarded a Breakthrough Device Designation from the FDA for its ability to reduce morbidity associated with colorectal cancer through advanced adenoma detection. Indicative of its breakthrough status, preliminary trials suggest that the diagnostic can detect these lesions at a higher rate than all existing noninvasive screening tests.
Web | https://www.geneoscopy.com/
Twitter | http://www.twitter.com/geneoscopyco
Facebook | https://www.facebook.com/GeneoscopyCo
LinkedIn | https://www.linkedin.com/company/geneoscopy
Geneoscopy Inc. Forward-Looking Statements
The information contained in this release includes information about Geneoscopy’s future plans concerning its noninvasive molecular test that can detect colorectal cancer and precancerous adenomas, and as such constitute forward-looking statements. These forward-looking statements are based upon the Company’s reasonable estimates of future results or trends. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Geneoscopy’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Although the Company believes that its business plans and objectives reflected in or suggested by these forward-looking statements are reasonable, such plans or objectives may not be achieved and the actual results may differ substantially from the projected results.
Geneoscopy Appoints Vince Wong as Chief Commercial Officer
ST. LOUIS--(BUSINESS WIRE)--Geneoscopy Inc., a life sciences company that develops diagnostic tests for gastrointestinal health, today announced the appointment of Vince Wong as Chief Commercial Officer.
Mr. Wong brings almost 18 years of experience from Roche Diagnostics, where he served in senior leadership roles in product marketing, sales, strategy, business development, market access, and communications. Most recently, Mr. Wong served as Roche Diagnostics’ Vice President of Sales, Point of Care Diagnostics and as Vice President / General Manager of Physician Office and Specialty Diagnostics, managing >$600M in sales. At Roche, Mr. Wong led teams serving physician groups, hospital systems, patients, biopharma, retail pharmacies, and payors in the areas of Diabetes, Oncology, Infectious Disease, and Women's Health.
"Vince is joining us at an exciting, pivotal moment and is going to be a great asset to our team at Geneoscopy," said Andrew Barnell, Geneoscopy's CEO. "The breadth of Vince's experience in commercializing innovative diagnostics globally will serve Geneoscopy well as we prepare to launch products to address unmet needs in the gastrointestinal health space."
"The Geneoscopy team has developed a platform that will have a meaningful impact on patient outcomes," said Mr. Wong. "Geneoscopy's vision and mission will enable clinicians to practice precision medicine in an area that urgently needs such an approach. I am excited to be a part of this talented team to deliver our first product in colorectal cancer screening to clinicians, patients, and payors."
About Geneoscopy Inc.
Geneoscopy Inc. is a life sciences company focused on the development of diagnostic tests for gastrointestinal health. Geneoscopy’s lead diagnostic uses stool-derived eukaryotic RNA (seRNA) to detect colorectal cancer and precancerous adenomas. This device was awarded Breakthrough Device Designation from the FDA for its ability to reduce morbidity associated with colorectal cancer through advanced adenoma detection. Preliminary trials suggest that the diagnostic can detect these lesions at a higher rate than all existing noninvasive screening tests.
Web | https://www.geneoscopy.com
Twitter | http://www.twitter.com/geneoscopyco
Facebook | https://www.facebook.com/GeneoscopyCo
LinkedIn | https://www.linkedin.com/company/geneoscopy
Geneoscopy Inc. Forward-Looking Statements
The information contained in this release includes information about Geneoscopy’s future plans concerning its noninvasive molecular test that can detect colorectal cancer and precancerous adenomas, and as such constitute forward-looking statements. These forward-looking statements are based upon the Company’s reasonable estimates of future results or trends. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Geneoscopy’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Although the Company believes that its business plans and objectives reflected in or suggested by these forward-looking statements are reasonable, such plans or objectives may not be achieved and the actual results may differ substantially from the projected results.
Geneoscopy’s Preventive Screening Test for Colorectal Cancer and Precancerous Adenomas Earns FDA Breakthrough Device Designation
ST. LOUIS--(BUSINESS WIRE)--Geneoscopy, Inc., a life sciences company focused on the development of diagnostic tests for gastrointestinal (GI) health, today announced that its preventive screening test for colorectal cancer and precancerous adenomas earned FDA Breakthrough Device Designation. The agency's Breakthrough Devices program expedites the development and prioritizes the review of certain medical devices that provide for more effective treatment or diagnosis of life-threatening or irreversibly debilitating diseases or conditions to provide patients and health care providers with timely access to these technologies.
Geneoscopy’s preliminary data indicate that its screening test could provide a more effective method for early detection of advanced adenomas, thereby facilitating the removal of precancerous lesions that have the highest propensity for malignant transformation. Geneoscopy’s device could significantly reduce morbidity associated with the second deadliest cancer in the United States by detecting advanced adenomas at a higher rate than existing screening tests and preventing the development of colorectal cancer.
“Reduction in morbidity is the best way to reduce mortality associated with colorectal cancer,” said Erica Barnell, CSO of Geneoscopy. “We are excited that the FDA has recognized the potential for Geneoscopy’s test to improve the health of the more than 100 million Americans recommended for colorectal cancer screening.”
Geneoscopy Raises $6.9 Million to Advance Preventive Screening Test for Colorectal Cancer and Advanced Adenomas
ST. LOUIS--(BUSINESS WIRE)--Geneoscopy, Inc., a life sciences company focused on the development of diagnostic tests for gastrointestinal (GI) health, today announced a successful and oversubscribed $6.9 million Series A financing. The Company plans to use the proceeds from this financing to advance its colorectal cancer (CRC) screening test, which quantifies eukaryotic RNA isolated from epithelial cells in stool to detect CRC and advanced adenomas.
This financing was led by Cultivation Capital and NT Investments. Lightchain Capital LLC, the family office of Scottrade founder Rodger Riney, was also a significant investor in the round. Following the financing, Bobby W. Sandage, Jr. (Cultivation Capital), Najeeb Thomas (NT Investments), and Drew Dennison (Lightchain Capital LLC) are joining the Company’s Board of Directors.
“While colorectal cancer is the second deadliest cancer, it's very treatable if detected in its earliest stages and preventable if detected as a precancerous lesion,” said Najeeb Thomas. “Better noninvasive screening tests are needed to improve compliance rates and lower CRC mortality rates.”
“Geneoscopy’s research has shown that stool-derived eukaryotic RNA biomarkers are highly sensitive for both the presence of cancer and, more importantly, precancerous lesions,” said Bobby W. Sandage, Jr. “High sensitivity for precancerous lesions, or adenomas, is particularly important for colorectal cancer prevention, which is the primary goal of colorectal cancer screening.”
“We are excited to work with our new partners to continue the development of our CRC screening test and other applications of our platform technology,” said Andrew Barnell, CEO of Geneoscopy, “and we appreciate their support of our mission to prevent avoidable health conditions from impacting the lives of patients.”
About Cultivation Capital
Cultivation Capital is a venture capital firm supporting extraordinary entrepreneurs. We are a family of venture funds and accelerators investing in technology, life sciences, and agriculture technology companies. These funds have backed over 100 companies since the firm's founding in 2012, making us one of the most active seed investors in the country. Cultivation Capital helps businesses achieve pivotal milestones with the help of our general partners, investors, and other portfolio companies.
About NT Investments
NT Investments is an angel investment group consisting of gastroenterologists, surgeons, physicians, and healthcare executives. NT Investments supports game-changing healthcare technologies with the ability to improve patient access, reduce costs, and improve population health.
