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VolitionRx Limited (VNRX) is a U.S.-based epigenetics company at the forefront of developing non-invasive blood tests for early detection and monitoring of life-altering diseases, including various cancers. By leveraging their proprietary Nucleosomics™ platform, VolitionRx is pioneering diagnostic tests that identify and measure nucleosomes in the bloodstream, indicating the presence of disease.
The company's goal is to make these blood tests as commonplace and straightforward as current diabetic and cholesterol tests. VolitionRx operates through subsidiaries, with its primary research and development activities based in Belgium. The company also has offices in the U.S., London, and Singapore, focusing on bringing revolutionary diagnostic products to market across Europe, the U.S., and globally.
VolitionRx's innovative product portfolio includes the Nu.Q® NETs test and the Nu.Q® Vet Cancer Test. The company has recently expanded into veterinary diagnostics with the Nu.Q® Vet Cancer Test, now available in Japan through a partnership with Fujifilm Vet Systems and in the U.S. and Europe through Antech Diagnostics. This expansion aims to provide veterinarians with simple, cost-effective tools for early cancer detection in dogs.
In 2023, VolitionRx achieved several milestones, including significant partnerships and the commercialization of its veterinary products. The company also made strides in its human diagnostics pipeline, with plans to advance its regulatory pathway with the U.S. FDA and large-scale clinical studies scheduled for publication.
VolitionRx remains focused on advancing the science of epigenetics to improve patient outcomes. The company aims to achieve cash flow neutrality by 2025 through a mix of revenue growth, milestone payments from licensing agreements, and cost reduction measures.
For more information, visit www.volitionrx.com, or follow them on Twitter, LinkedIn, and Facebook.
VolitionRx (VNRX) reported strong Q3 2024 results, with revenue reaching $475,000, up 187% year-over-year. Year-to-date revenue hit $1 million, a 96% increase from the previous year. The company sold over 110,000 Nu.Q® Vet Cancer Tests in the first three quarters of 2024, with the test now available in 17 countries. Cash position stood at $5.4 million as of September 30, with an additional $2.2 million in non-dilutive funding secured from the Walloon Region, Belgium. The company aims to achieve cash neutrality in 2025.
VolitionRx (NYSE AMERICAN: VNRX) has announced a conference call scheduled for Friday, November 15 at 8:30 a.m. U.S. Eastern Time to discuss their third quarter 2024 financial and operating results, along with a business update. The call will be hosted by key executives including Louise Batchelor, Cameron Reynolds, Terig Hughes, Dr. Tom Butera, and Dr. Andrew Retter. A live audio webcast will be available, and a telephone replay will be accessible until November 29, 2024.
VolitionRx (NYSE AMERICAN: VNRX) has appointed Timothy Still as Chairman of its board of directors, effective November 06, 2024. Still brings over 35 years of experience in medical diagnostics, devices, and digital health. He previously served as President and CEO of Sense Biodetection and held leadership positions at various medical technology companies. His most recent role was at TSTILL Enterprises as Chairman and CEO, while also serving as an Operating Partner with REVIVAL Healthcare. Still holds an MBA from USC and a BS from UC Davis. The appointment comes at what the company describes as a pivotal time in its development of epigenetic technology for disease detection and monitoring.
VolitionRx (NYSE AMERICAN: VNRX) has published findings from three large, independent studies conducted in France, Germany, and the Netherlands, involving over 3,000 sepsis patients. The studies demonstrate that their Nu.Q® NETs test could predict patients at higher risk of deteriorating from sepsis by measuring levels of circulating H3.1 nucleosomes in the bloodstream. Research shows that elevated H3.1 levels are associated with increased risk of mortality, renal failure, respiratory failure, multi-organ failure, and septic shock. The company is currently seeking to commercialize Nu.Q® NETs and using these study findings to support licensing discussions with industry stakeholders.
VolitionRx (NYSE AMERICAN: VNRX) is participating in a webinar hosted by Edison Group to discuss new data on the potential use of Nu.Q® NETs in sepsis management. The data, presented at ESICM LIVES 2024, includes three independent studies involving over 3000 patients and more than 14,000 patient samples. The webinar, scheduled for October 21, 2024, at 10:00 AM ET, will feature updates from Volition's Chief Medical Officer and Chief Commercial Officer.
The presentation will focus on the role of H3.1 nucleosomes in NETosis, the implications of elevated H3.1 levels in sepsis patients, and the potential of Nu.Q® NETs biomarker to predict organ failure. Volition's Nu.Q® NETs technology quantifies circulating H3.1 nucleosomes in the bloodstream, serving as a surrogate marker for Neutrophil Extracellular Traps (NETs). The company aims to develop simple, cost-effective blood tests for diagnosing and monitoring various diseases, including cancer, in both humans and animals.
VolitionRx (NYSE AMERICAN: VNRX) is hosting a symposium at ESICM Lives 2024 in Barcelona on October 7, 2024. The session, titled 'NETs: Casting a new light on sepsis management', will feature experts presenting findings from large, independent studies on using Nu.Q® NETs to enhance sepsis management.
Professor Djillali Annane, chair of the symposium, highlights the potential of Nu.Q® NETs H3.1 assay in clinical practice for sepsis management. The symposium will explore the role of H3.1 nucleosomes in NETosis, the clinical utility of H3.1 in recent large-scale studies, and how Nu.Q® NETs biomarker could predict organ failure.
Nu.Q® NETs is Volition's technology that quantifies circulating H3.1 nucleosomes in the bloodstream, a surrogate marker for Neutrophil Extracellular Traps (NETs). Elevated levels of NETs can lead to tissue damage, sepsis, organ failure, and death.
VolitionRx (NYSE AMERICAN: VNRX) has appointed Dr. Ethel Rubin as an independent director to its board, effective September 30, 2024. Dr. Rubin, with over 20 years of experience in the life sciences sector, will also serve on the Audit and Compensation Committees. Her extensive background includes leadership roles at BioFortis, CSA Medical, Medtronic, and currently as Head of Ventures at BioHealth Innovation.
Guy Innes, Interim Chair of Volition, highlighted Dr. Rubin's vast knowledge of the life sciences industry and her contribution to launching over 25 commercial products. Dr. Rubin expressed excitement about joining Volition, noting the potential of the company's Nu.Q® technology in both animal and human health sectors, particularly for early detection and monitoring of diseases like cancer and sepsis.
VolitionRx (NYSE AMERICAN: VNRX) hosted a Key Opinion Leader (KOL) roundtable in Paris to explore the potential of its Nu.Q® NETs technology in sepsis management. The event, chaired by Professor Djillali Annane, brought together leading sepsis experts worldwide. Discussions revealed that Nu.Q® NETs could potentially predict organ failure, such as acute kidney injury, in patients with infection, enhancing sepsis management.
Nu.Q® NETs quantifies circulating H3.1 nucleosomes in the bloodstream, a marker for Neutrophil Extracellular Traps (NETs). While NETs are important for immune response, elevated levels can lead to tissue damage and, in severe cases, sepsis and organ failure. Volition plans to share latest findings at an upcoming symposium at ESICM in Barcelona on October 7, 2024.
VolitionRx (NYSE AMERICAN: VNRX) announced its Q2 2024 financial results and business update. Key highlights include:
- Expanded access to Nu.Q® Vet Cancer Test to 17 countries
- Sold over 60,000 Nu.Q® Vet Cancer Tests in H1 2024, surpassing full-year 2023 sales
- Engaged in commercial discussions for potential licensing opportunities
- Q2 2024 revenue up 83% year-over-year at $396,000
- H1 2024 revenue up 55% year-over-year at $567,000
- Implemented cost reduction measures targeting $10 million in annualized savings
- Cash and cash equivalents of $6.0 million as of June 30, 2024
- Completed a $7 million registered direct offering with potential for additional $14.5 million
The company is focusing on securing its first licensing deal in the human space in H2 2024.
VolitionRx (NYSE AMERICAN: VNRX) has announced a registered direct offering of up to $21.5 million. The offering includes 12,727,273 shares of common stock (or equivalents) and milestone-linked warrants at $0.55 per share. H.C. Wainwright & Co. is the exclusive placement agent. The initial gross proceeds are expected to be $7 million, with potential additional proceeds of $14.5 million if all warrants are exercised. The offering is set to close around August 12, 2024. Funds will be used for research, product development, clinical studies, commercialization, and working capital. The offering is made under a shelf registration statement filed with the SEC.
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