Oncology Pharma, Inc. Prepares Plan Toward Funding Development and Implementation of Ribera Solutions' Patient Engagement and Retention Platform

Rhea-AI Summary

Oncology Pharma Inc. (OTC PINK: ONPH) is advancing its collaboration with Ribera Solutions on the Conect2Med platform, focusing on oncology drug development and clinical trials. This platform enhances patient engagement in trials, offering tools like eDiary and telehealth visits, while integrating with major healthcare systems. However, the company faces significant challenges, including negative cash flows and potential dilution from future financing.

Positive

• Exclusive collaboration with Ribera Solutions for oncology-focused platform.
• Conect2Med improves patient engagement and retention in clinical trials.

Negative

• Current negative operating cash flows necessitating additional funding.
• Potentially dilutive financing terms could impact shareholder value.

SAN FRANCISCO, CA / ACCESSWIRE / April 21, 2021 / Oncology Pharma Inc. (OTC PINK:ONPH) Oncology Pharma, Inc. (the "Company") is moving ahead with advancing its efforts with Ribera Solutions' Conect2Med platform with Oncology Pharma's exclusivity for oncology, including drug development, clinical trials, personalized oncology and therapeutics. Ribera has been developing its platform and Oncology Pharma, under its License Agreement, is preparing the necessary steps to proceed to advance the development and implementation.

Connect2Med is a patient engagement and retention platform designed to improve the clinical trial experience for both patients and providers. With Connect2Med, sponsors, CROs, and sites have a place for leads, or people in their databases, to "live" in an online community. The platform provides a private, secure space where people interested in or recruited to clinical trials have a safe, closed community they can join that provides trustworthy information and compassionate connections to support them on their journey.

Connect2Med provides a motivating trial experience through increased engagement and easy to use communication tools. They have access to a dedicated trial specific portal (patient facing app), where they can perform functions like eDiary, ePRO, telehealth visits. The platform is FHIR compatible and easily integrates with EHR, CTMS, CRM from major vendors in the industry. Patients' workflow can be automated through a set of digital workflows, with automated interventions and escalation when needed. Sites and CROs can post upcoming trials in a public space for all to see, boosting public awareness through social sharing. Site owners and Sponsors have access to impactful data, metrics and reports that allow them to make strategic decisions to improve retention, growth, performance, satisfaction and ROI.

ABOUT ONCOLOGY PHARMA, INC.

ONCOLOGY PHARMA, INC. (OTCPK: ONPH) (the "Company") is currently engaging in research and development of therapeutics for oncology and prides itself for having a world-class Advisory Board that keeps the Company in the forefront of developing technologies in cancer research, biotechnology, and healthcare.

ABOUT Ribera Solutions, LLC (www.riberasolutions.com)

Ribera Solutions (CA, USA) has developed Web based Connect2Med platform with iOS and Android mobile Apps. Ribera's mission is to provide solutions for solving challenging problems timely through simple, practical and economical approaches.

FORWARD LOOKING STATEMENTS

Certain of the matters discussed in this announcement contain forward-looking statements that involve material risks to and uncertainties in the Company's business that may cause actual results to differ materially from those anticipated by the statements made herein. Such risks and uncertainties include risks related to licensing arrangements and joint ventures, including the need to negotiate the definitive agreements for the relationships; possible failure to realize anticipated benefits of business relationships; and, costs of providing funding to these business relationships. Other risks and uncertainties relating to the Company include, among other things, current negative operating cash flows and a need for additional funding to finance our operating plan; the terms of any further financing, which may be highly dilutive and may include onerous terms; unexpected costs and operating deficits, and lower than expected sales and revenues; uncertain willingness and ability of customers to adopt new technologies and other factors that may affect further market acceptance; adverse economic conditions; adverse results of any legal proceedings; the volatility of our operating results and financial condition; inability to attract or retain qualified senior management personnel, including sales and marketing personnel; our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners and with any strategic or joint venture partners; the impact of competition; the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; management of growth; and, other risks and uncertainties. This is not a solicitation to buy or sell securities and does not purport to be an analysis of the Company's financial position.

CONTACTS:

For additional Information, please contact the Oncology Pharma at:

One Sansome Street, Suite 3500
San Francisco, CA 94104
Phone: 415-869-1038
Fax: 415-946-8801
website: www.oncology-pharma.com
email: info@oncology-pharma.com

SOURCE: Oncology Pharma Inc.

View source version on accesswire.com:
https://www.accesswire.com/641551/Oncology-Pharma-Inc-Prepares-Plan-Toward-Funding-Development-and-Implementation-of-Ribera-Solutions-Patient-Engagement-and-Retention-Platform

FAQ

What is the focus of Oncology Pharma's partnership with Ribera Solutions?

Oncology Pharma's partnership with Ribera Solutions focuses on the development of the Conect2Med platform, aimed at enhancing oncology drug development and patient engagement in clinical trials.

How does the Conect2Med platform benefit clinical trials?

The Conect2Med platform benefits clinical trials by providing a dedicated app for patient engagement, facilitating communication, and automating workflows, which can improve trial retention and satisfaction.

What challenges is Oncology Pharma facing as of April 2021?

As of April 2021, Oncology Pharma is facing challenges including negative operating cash flows and the need for additional funding, which could pose risks to its business operations.

What are the risks mentioned in the press release for Oncology Pharma?

The press release outlines risks such as reliance on licensing agreements, potential operating deficits, difficulties in technology adoption, and the volatility of operating results.