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Genomic Vision launches FiberSmart®, AI-powered software for automating genomic analysis
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
Genomic Vision has launched FiberSmart®, an AI-based technology that enhances the analysis of fluorescent signals in DNA. This platform offers up to three times more precision and ten times faster analysis compared to previous software solutions. Successfully tested by AstraZeneca and the Fritz Lipmann Institute, FiberSmart® is compatible with Genomic Vision’s scanners and aims to improve genomic analysis in cell and gene therapy. However, the company has initiated convertible note financing, which could cause dilution and downward pressure on share value, risking shareholder capital.
Positive
Launch of FiberSmart® enhances DNA analysis accuracy by up to three times and speed by up to ten times.
Successful validation by AstraZeneca and the Fritz Lipmann Institute boosts credibility.
Compatible with existing FiberVision® scanners, expanding potential applications.
Negative
Convertible note financing may lead to significant dilution of shares.
Immediate market sales of shares post-conversion could pressure share price negatively.
Previous dilutive financing operations raise caution for potential investors.
Seamless user experience offering up to three times more precision and ten times faster analysis than our previous software
The platform has already been successfully tested by AstraZeneca and the Fritz Lipmann Institute
Proprietary DNA combing technique offers multiple potential applications including in cell and gene therapy quality control
Genomic Vision(Paris:GV)(FR0011799907 – GV, – the “Company”), a Euronext-listed biotechnology company that develops products and services dedicated to the analyses and control of changes in the genome, today announces the launch of FiberSmart®, an innovative, Artificial Intelligence (AI)-based technology aimed at automating the detection and quantification of fluorescent signals on combed DNA molecules.
Initially, FiberSmart® will be available for the analysis of Replication Combing Assays (RCA), Genomic Vision’s proprietary method for the direct visualization of DNA replication kinetics at the single molecule level. The software leverages advanced AI methods to visualize, detect and analyze DNA replication kinetics up to three times more accurately and up to ten times faster than Genomic Vision’s existing software solutions.
Ergonomically designed, FiberSmart® offers a simple and user-friendly interface, allowing fast analysis of DNA replication signals to deduce essential parameters describing replication kinetics. The technology was successfully tested and validated by AstraZeneca (LSE/STO/Nasdaq: AZN), and the Fritz Lipmann Institute, Germany.
The software is compatible with Genomic Vision’s suite of scanners FiberVision® and FiberVision-S® for the RCA assay of the Company’s proprietary DNA combing technology, which has multiple potential applications including in cell and gene therapy quality control.
Aaron Bensimon, Chief Executive Officer of Genomic Vision commented:“The launch of FiberSmart® is an important milestone for Genomic Vision as we bring the benefits of powerful AI technology to our users, who can now perform faster and more accurate genomic analysis seamlessly. Our proprietary DNA combing technique has multiple potential applications, particularly in the cell and gene therapy space, where highly accurate genomic analysis is paramount to ensure robust quality standards are met. With the launch of this software we are making it easier for users to exploit the full potential of our proprietary advanced genomic analysis technique.”
ABOUT GENOMIC VISION
GENOMIC VISION is a biotechnology company developing products and services dedicated to the structural and functional analysis of genome modifications as well as to the quality and safety control of these modifications, in particular in genome editing technologies and biomanufacturing processes. Genomic Vision proprietary products and services, based on DNA combing technology and artificial intelligence, provide robust quantitative measurements needed for high confidence characterization of DNA alteration in the genome. These products and services are also used for monitoring DNA replication in cells to improve anti-cancerous drugs development. Genomic Vision, based near Paris in Bagneux, is a public company listed in compartment C of Euronext’s regulated market in Paris (Euronext: GV – ISIN: FR0011799907).
Genomic Vision has set up a financing line in the form of convertible notes with warrants (OCABSA) with Winance, which does not intend to remain a shareholder of the company, after receiving the shares resulting from the conversion or exercise of the securities.
The shares resulting from the conversion or exercise of the aforementioned securities will, in general, be sold on the market very quickly, which is likely to create strong downward pressure on the share price as well as a strong dilution.
Shareholders could therefore suffer a loss of their invested capital due to a significant decrease in the value of the company's shares. The company has carried out several dilutive financing operations, and investors are advised to be very careful before making a decision to invest in the company's securities.
This press release contains implicitly or explicitly certain forward-looking statements concerning Genomic Vision and its business. Such forward-looking statements are based on assumptions that Genomic Vision considers to be reasonable. However, there can be no assurance that such forward-looking statements will be verified, which statements are subject to numerous risks, including the risks set forth in the “Risk Factors” section of the universal registration document filed with the AMF on April 14, 2022 under reference number R.22-0293, as updated by the amendment filed with the AMF on May 20, 2022, under number D.22-0293-A01, available on the web site of Genomic Vision (www.genomicvision.com) and to the development of economic conditions, financial markets and the markets in which Genomic Vision operates. The forward-looking statements contained in this press release are also subject to risks not yet known to Genomic Vision or not currently considered material by Genomic Vision. The occurrence of all or part of such risks could cause actual results, financial conditions, performance or achievements of Genomic Vision to be materially different from such forward-looking statements.
This press release and the information contained herein do not constitute and should not be construed as an offer or an invitation to sell or subscribe, or the solicitation of any order or invitation to purchase or subscribe for Genomic Vision shares in any country. The distribution of this press release in certain countries may be a breach of applicable laws. The persons in possession of this press release must inquire about any local restrictions and comply with these restrictions.
What is FiberSmart® by Genomic Vision and its main benefits?
FiberSmart® is an AI-based technology that automates the detection and quantification of fluorescent signals on DNA, providing three times more precision and ten times faster analysis.
How has FiberSmart® been validated?
It has been successfully tested by AstraZeneca and the Fritz Lipmann Institute.
What impact does convertible note financing have on Genomic Vision shareholders?
The convertible note financing may lead to significant dilution of shares and downward pressure on the stock price.
What are the potential applications of FiberSmart®?
FiberSmart® has multiple potential applications, particularly in cell and gene therapy quality control.
When was FiberSmart® launched?
FiberSmart® was launched recently as part of Genomic Vision's advancements in genomic analysis technology.
