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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 Limited (NYSE AMERICAN: VNRX) reported its full fiscal year 2022 results, highlighting a 240% revenue increase to approximately $300,000. The company secured global licensing agreements with Heska Corporation and IDEXX Laboratories for its Nu.Q® Vet Cancer Test, generating an upfront payment of $10 million and potential milestone payments up to $18 million. Cash and equivalents stood at $10.9 million as of December 31, 2022, after raising $8 million through a public offering. Volition continues to expand its intellectual property portfolio, holding 34 patent families and 97 granted patents. A conference call is scheduled for March 16, 2023, to discuss the results.
VolitionRx Limited (AMEX: VNRX) has announced a conference call scheduled for March 16, 2023, at 08:30 a.m. Eastern Time, to discuss its full fiscal year 2022 financial and operating results, along with a business update. CEO Cameron Reynolds, along with other executives, will address key events from 2022 and future milestones. A live audio webcast will be available on Volition's investor relations page, and a replay will be accessible until March 30, 2023. VolitionRx specializes in developing cost-effective blood tests for diagnosing and monitoring diseases using its proprietary Nu.Q® platform.
VolitionRx Limited (NYSE AMERICAN: VNRX) announced the completion of its underwritten public offering of 4,945,000 shares at $1.75 per share, yielding approximately $8.7 million in gross proceeds. The offering included full exercise of the underwriter's overallotment option. Net proceeds will be allocated for research, product development, clinical studies, commercialization, working capital, and potential strategic acquisitions. The shares were issued under a previously filed shelf registration statement with the SEC. Newbridge Securities Corporation acted as the sole book-running manager for this offering.
VolitionRx Limited (NYSE AMERICAN: VNRX) has announced a public offering of 4,300,000 shares at $1.75 each, expected to generate approximately $7.525 million in gross proceeds. The closing of the offering is anticipated on February 22, 2023, pending customary conditions. The company plans to utilize the net proceeds for various purposes, including research, product development, clinical studies, and potential strategic acquisitions. Additionally, an underwriter has a 30-day option to purchase up to 645,000 additional shares to cover over-allotments. This offering follows a shelf registration statement with the SEC filed in September 2021.
VolitionRx Limited (NYSE AMERICAN: VNRX) announced an underwritten public offering of its common stock on February 16, 2023. The offering includes a 30-day option for the underwriter to purchase up to an additional 15% of the offered shares. Proceeds from the offering are earmarked for research, product development, clinical studies, product commercialization, working capital, and potential strategic acquisitions. The final terms of the offering will be subject to market conditions and cannot be guaranteed. Newbridge Securities Corporation is the sole book-running manager for this offering.
VolitionRx Limited (NYSE American: VNRX) has announced the pre-order availability of its Nu.Q® Vet Cancer Test for veterinarians through Heska Corporation (NASDAQ: HSKA). This innovative test will be showcased at the 2023 Western Veterinary Conference in Las Vegas. The Nu.Q® test operates on Heska's Element i+® Immunodiagnostic Analyzer, providing rapid and accurate on-site testing for under $50, assisting in early cancer detection in dogs. The collaboration signifies a breakthrough in making Volition's Nucleosomics™ technology accessible at the point of care, enhancing veterinary care and patient outcomes. The commercial launch is targeted for early Q2 2023.
VolitionRx Limited (NYSE AMERICAN: VNRX) announced participation in a webinar on January 26, 2023, focusing on the Nu.Q® Vet commercial strategy. Key speakers include CEO Dr. Tom Butera and Chief Medical Officer Dr. Heather Wilson Robles. The event aims to provide insights into the Nu.Q® Vet Cancer Test, a cost-effective blood test for early detection in dogs. Volition is exploring significant market opportunities in companion animal healthcare. The webinar will be recorded for later access. Volition develops blood tests for diagnosing diseases, leveraging its Nucleosomics™ platform.
VolitionRx Limited (NYSE AMERICAN: VNRX) has announced the launch of its Nu.Q® Vet Cancer Test through the IDEXX Laboratories reference laboratory network in the U.S. This innovative blood test is designed to detect cancer in older or at-risk dogs, leveraging Volition's Nucleosomics™ technology. IDEXX aims to use this test to enhance pet health and wellbeing by facilitating earlier diagnosis and treatment. With a significant potential market, this partnership is expected to expand Volition’s reach in the companion animal healthcare sector.
VolitionRx Limited (NYSE AMERICAN: VNRX) released its 2022 Business Review, highlighting significant progress as it transitions from an R&D-focused entity to one with commercial operations. Key achievements include global expansion of the Nu.Q® Vet Cancer Test, obtaining a CE mark for Nu.Q® NETs, initiating U.S. clinical product programs, and scaling operations. President Cameron Reynolds emphasized the company's advancements in epigenetics and its commitment to improving health outcomes.
VolitionRx Limited (NYSE AMERICAN: VNRX) reported its third-quarter financial results for the period ending September 30, 2022. The company held a conference call on November 15, 2022, to discuss these results. Volition's cash and cash equivalents totaled approximately $16.4 million. The company received $6.4 million from a public offering and $1.5 million from non-dilutive funding. The Nu.Q® Vet Cancer Test launched in the U.S. and will soon be available in Europe. Volition aims to license its Nu.Q® platform and continues advancing several key clinical studies.
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