- Predictive Oncology subsidiary TumorGenesis developing faster, less costly, and more accurate PDx cancer models that better mimic the patient’s tumor
- TumorGenesis revolutionary technology will provide pharmaceuticals with quicker and more effective drug development while significantly improving patient outcomes
- There’s an unmet need for a multi-omic approach (genome, transcriptome, epigenome, proteome, responseome, and microbiome), but such data is difficult to generate quickly.
- Predictive Oncology has access to historical data that competitors need at least five years to develop, which presents a multi-million-dollar market opportunity
The global cancer diagnostics market was valued at $144.4 billion in 2018 and is expected to grow at a 7.0% CAGR over the next six years on the back of increasing prevalence of oncologic cases, rapid technological advancement, and rising demand for effective screening tests. Within this broader cancer market, the Patient Derived Xenograft (PDx) segment, which involves a personalized approach to cancer treatment, was valued at $ 77.4 million in 2017 and is expected to grow at a CAGR of 16.7%, reaching $167.6 million by 2022. The driving forces behind this growth include the increasing demand for personalized medicine as well as public and private commitment to cancer research coupled with the growing R&D activities in the pharmaceutical industry.
TumorGenesis, a subsidiary of Predictive Oncology Inc. (NASDAQ: POAI), was established in 2018 to tap into this lucrative market with its unique way to capture and culture cancer cells and screen…
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