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Overview
Axim Biotechnologies Inc (AXIM) is a vertically integrated research and development company committed to innovating diagnostic solutions within the healthcare sector. Specializing in rapid diagnostic tests and quantitative assay technology, the company focuses on pivotal health challenges, including oncology diagnostics, the quantification of functional neutralizing antibodies for SARS-CoV-2, and pioneering ophthalmological conditions such as Dry Eye Disease (DED) and allergic responses. With a clear emphasis on technological precision and rigorous scientific research, AXIM has engineered assays that leverage unique sample types, such as micro-volumes from tear fluids, to deliver actionable, quantitative clinical data.
Core Business Areas
AXIM Biotechnologies Inc operates across several critical domains in healthcare diagnostics. The company has developed rapid diagnostic tests that target early detection of cancer biomarkers and the measurement of neutralizing antibodies, addressing two major healthcare concerns: oncology and infectious diseases. Additionally, the company has extended its robust diagnostic portfolio into ophthalmology with FDA-cleared assays designed to assess conditions such as dry eye disease and allergic responses. This strategic diversification not only mitigates risk but also demonstrates AXIM’s commitment to advancing diagnostics across multiple therapeutic areas.
Technological Innovations and Expertise
AXIM distinguishes itself through innovative technology that leverages minimal sample volumes for maximal diagnostic output. The company’s proprietary assays, developed through a vertically integrated process from research to commercialization, are designed to quantify biomarkers with precision. For instance, the use of tear samples — often no more than 100 microliters — for detecting ocular conditions and allergic markers illustrates the company’s innovative approach. This micro-analytical methodology ensures high sensitivity and specificity, critical attributes in clinical diagnostics and effective patient management.
Research and Development Capabilities
The company places a significant emphasis on continuous research and development. Its pipeline includes projects focused on early cancer detection and the development of proprietary small molecule drugs aimed at treating cancer and inhibiting metastasis. Moreover, AXIM has extended its research efforts into the field of neurodegenerative diseases, as evidenced by its exploration into Parkinson’s diagnostics. These initiatives are underpinned by rigorous scientific research and a commitment to clinical accuracy, which further cements AXIM’s reputation as an innovative and trustworthy partner in the diagnostic landscape.
Market Position and Industry Relevance
By operating at the intersection of oncology, infectious diseases, and ophthalmology, AXIM occupies a unique niche in the healthcare diagnostics market. The company’s vertically integrated model allows for effective control over quality, research, and manufacturing — a critical advantage in a field where precision is paramount. Despite the competitive landscape featuring several established diagnostic firms, AXIM differentiates itself through its specialized focus on quantitative assays and micro-volume sample testing. This distinctive approach not only enhances the reliability of its diagnostic tests but also positions the company as a significant contributor to improved clinical decision-making and patient outcomes.
Operational Excellence and Scientific Rigor
AXIM Biotechnologies Inc is underpinned by a deep foundation of scientific expertise and operational excellence. The company’s strategic focus on integrating research, technology development, and commercialization fosters a robust pipeline of diagnostic solutions. Each stage of development is supported by experienced scientists and technicians dedicated to maintaining high standards of accuracy, compliance, and innovation. The use of quantitative methods in its diagnostic tests is critically important; it allows healthcare providers to measure exact biomarker levels, thereby offering a more refined understanding of disease states and treatment efficacy.
Industry-Specific Keywords and Focus Areas
- Rapid Diagnostic Tests: AXIM’s assays are designed for rapid and reliable disease detection.
- Quantitative Diagnostic Assays: The company focuses on delivering numerical biomarker data that informs clinical decisions.
- Micro-volume Sample Analysis: Utilizing minimal sample volumes, such as tear droplets, to provide high fidelity results.
Comprehensive Diagnostic Solutions
AXIM’s diagnostic tools are developed following stringent research protocols, ensuring that each test meets rigorous clinical standards. The company’s quantitative diagnostic approach is particularly beneficial in distinguishing between similar clinical presentations — for example, discerning whether ocular discomfort is due to allergies or dry eye disease. These capabilities are further enhanced by the company’s ability to scale its technologies across diagnostic domains, such as oncology and neurodegenerative disorders, thereby building a comprehensive suite of diagnostic solutions that enrich the clinical toolkit available to practitioners.
Commitment to Clinical Impact
The primary value proposition of AXIM Biotechnologies Inc lies in its commitment to enhancing diagnostic precision and reducing uncertainty in clinical diagnoses. Through extensive R&D and a focus on niche biomarker assays, the company not only contributes to earlier detection and better characterization of diseases but also supports more informed treatment strategies. In doing so, AXIM’s work underlines a broader mission to transform diagnostic practices and ultimately improve patient outcomes across diverse therapeutic areas.
Summary
In summary, Axim Biotechnologies Inc represents a blend of innovation, rigorous scientific research, and operational expertise. By focusing on the development of advanced, quantitative diagnostic tests and leveraging a vertically integrated R&D model, AXIM delivers diagnostic solutions that are both reliable and transformative. The company’s diverse portfolio, spanning critical areas such as oncology, ophthalmology, infectious diseases, and neurodegenerative diagnostics, makes it a noteworthy entity in the evolving landscape of healthcare diagnostics, where precision and efficiency are paramount.
AXIM Biotechnologies has filed a provisional patent application for a new test to measure neutralizing antibodies against fentanyl, a synthetic opioid linked to the opioid crisis. This test aims to help quantify these antibodies in clinical studies and assist in relapse prevention. Additionally, AXIM has applied for a license to handle controlled substances for research. The company plans to collaborate with academic institutions and commercialize the test in the second quarter of 2023, following regulatory approvals. The fentanyl epidemic results in over 150 daily overdose deaths in the U.S., underscoring the urgency for effective diagnostic solutions.
AXIM has optimized its R&D and manufacturing for diagnostic solutions and expects to achieve cash-flow positivity by mid-2023. The company continues to generate revenue through its FDA-cleared dry eye disease tests, in partnership with Verséa Ophthalmics. AXIM is focusing on developing custom diagnostics and aims to file for a CLIA waiver for its tests early this year, potentially expanding its market. A clinical study for its MMP-9 test is also in the pipeline. A conference call with investors is scheduled for January 11, 2023.
AXIM Biotechnologies announced the filing of a provisional patent for a rapid ophthalmological diagnostic solution that measures both Ocular Immunoglobulin E (IgE) and MMP-9. This innovative test requires only a 2-microliter sample, reducing patient discomfort and providing quantitative results in 10 minutes. The test aims to improve the diagnosis and treatment of Dry Eye Disease and other common eye conditions. The company anticipates advancing clinical development in early 2023, with potential FDA approval adding to its portfolio of diagnostic tools for clinicians.
AXIM Biotechnologies announced its tear-based diagnostic solutions for ocular surface disease were highlighted in major media outlets including Eyes On 2023 and Ophthalmology Times. Interviews with Dr. Rob Sambursky from Verséa Ophthalmics discussed the benefits of these innovative tests, including the Lactoferrin test, which allows clinicians to make rapid treatment decisions based on real-time data. AXIM is also developing additional tests aimed at enhancing patient care. The company continues to collaborate with Verséa to commercialize these FDA-cleared solutions.
AXIM Biotechnologies announced a significant milestone by securing an initial order of 19,000 point-of-care diagnostic tests and 100 digital readers from Verséa Ophthalmics, marking the company's first large revenue-generating order. This order will enable the company to provide rapid diagnostic tests for ocular surface diseases, receiving substantial momentum from a commercial launch at the 2022 American Academy of Ophthalmology conference. The tests, which are FDA-cleared, facilitate accurate diagnoses in under 10 minutes, paving the way for improved patient care.
AXIM Biotechnologies has commenced sales of its point-of-care diagnostic tests for ocular surface disease at the American Academy of Ophthalmology Annual Meeting, in partnership with Verséa Ophthalmics. The exclusive partnership aims to promote two FDA-cleared tests that measure tear levels of Lactoferrin and Immunoglobulin E (IgE). These tests allow for rapid diagnosis of conditions like dry eye disease and allergic conjunctivitis, enhancing patient care. The event is held from September 30 to October 3 in Chicago, where Verséa will showcase the products at Booth 1251.
AXIM Biotechnologies has entered an exclusive global commercial partnership with Verséa Ophthalmics to sell and distribute AXIM’s proprietary tests targeting Dry Eye Disease and allergic conjunctivitis. Verséa will utilize its established distribution channels to launch the Ocular IgE and Lactoferrin tests at upcoming conferences, with the MMP-9 test expected within 18-24 months. This agreement marks AXIM's transition from a development stage to a revenue-generating organization, showcasing commitments to enhancing diagnostic solutions for ocular conditions.
SAN DIEGO, July 26, 2022 – AXIM Biotechnologies, Inc. (OTCQB: AXIM) announced the launch of an enhanced rapid Ocular Immunoglobulin E (IgE) test, responding to climate change-driven trends in allergy seasons. A recent study indicates that allergy seasons are becoming longer and starting earlier. AXIM's optimized IgE test offers results 50% faster, aiding the diagnosis of allergic conjunctivitis, affecting 40% of the U.S. population annually. CEO John W. Huemoeller II emphasized the need for improved diagnostic tools to handle the increasing prevalence of ocular allergies as seasons change.
SAN DIEGO, July 12, 2022 (GLOBE NEWSWIRE) -- AXIM Biotechnologies, Inc. announced a publication with Arizona State University titled, "Third COVID-19 Vaccine Dose Boosts Neutralizing Antibodies in Poor Responders" in Communications Medicine. The study revealed that 25% of vaccine recipients did not achieve adequate neutralizing antibodies after two doses, but a third dose significantly increased these levels within two weeks. AXIM's rapid test, co-developed with ASU, quantitatively measures neutralizing antibodies, underscoring its potential role in personalized medicine.
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