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Avant Technologies (OTCQB: AVAI) and its joint venture partner Ainnova Tech are exploring the integration of early dementia detection into Ainnova's Vision AI platform. The companies are considering either licensing or acquiring a patented technology that uses AI algorithms and hardware for dementia detection through a 5-minute blood test.
The Vision AI platform currently employs 4 integrated algorithms to assess risks for cardiovascular disease, type 2 diabetes, liver fibrosis, and chronic kidney disease using retinal images, blood pressure, and lab test data. The system utilizes an automated, low-cost retinal imaging device for comprehensive preventive risk screening.
Avant Technologies (OTCQB:AVAI) and its partner Ainnova Tech announced that Ainnova will sponsor and participate in the 2025 Healthcare Innovation Summit in Mexico City. Ainnova's CEO, Vinicio Vargas, will be a featured speaker presenting on "Preventative Healthcare with Artificial Intelligence: Breaking the Status Quo."
The companies have formed Ai-nova Acquisition Corp. (AAC), which holds global licensing rights for Ainnova's technology portfolio, including its Vision AI platform and retinal cameras. The Healthcare Innovation Summit Series is a global event bringing together key healthcare stakeholders to discuss healthcare transformation, focusing on system optimization, digital transformation, diagnostic technology, and infrastructure.
Avant Technologies (OTCQB: AVAI) and Ainnova Tech have entered acquisition negotiations to strengthen their position in the AI-driven healthcare industry. The companies, which formed Ai-nova Acquisition Corp (AAC) six months ago, are looking to consolidate before their FDA pre-submission meeting in July 2025 regarding clinical trials for the Vision AI platform in diabetic retinopathy detection.
AAC currently holds worldwide licensing rights for Ainnova's technology portfolio, which includes the Vision AI platform and retinal cameras. The proposed merger aims to streamline the advancement of their technology to market and enhance resource utilization. The companies believe consolidating operations will facilitate their FDA interactions and accelerate their entry into the U.S. market.
Avant Technologies (OTCQB:AVAI) and its partner Ainnova Tech have initiated the design of their clinical trial protocol for the Vision AI platform, aimed at early detection of diabetic retinopathy. The company has hired an ophthalmologist to assist in drafting the protocol requirements for their CRO, Fortrea. The pre-submission meeting with the FDA is expected in mid-May 2025.
Ai-nova Acquisition Corp. (AAC), formed through the Avant-Ainnova partnership, holds global licensing rights for Ainnova's technology portfolio. The FDA pre-submission program will help determine the regulatory pathway, including patient and clinic requirements for clinical data generation, and help Avant establish a precise budget for the FDA process.
Avant Technologies (OTCQB: AVAI) and its joint venture partner Ainnova Tech have secured a pre-submission meeting with the FDA scheduled for July 7, 2025. The meeting will discuss their planned clinical trial for the Vision AI platform, designed for early detection of diabetic retinopathy. Through Ai-nova Acquisition Corp. (AAC), formed by the partnership, the companies aim to determine crucial trial parameters including the number of clinical sites, patient count, and protocol approval.
The meeting represents a significant step toward obtaining FDA 510(k) clearance for U.S. market entry. AAC holds worldwide licensing rights for Ainnova's technology portfolio, making successful FDA interactions crucial for commercialization in the United States market.
Avant Technologies (OTCQB: AVAI) and its joint venture partner Ainnova Tech have reached a significant milestone in their regulatory journey by requesting a pre-submission meeting with the FDA for their VisionAI platform technology.
The technology, focused on early detection of diabetic retinopathy, will be reviewed by the FDA's Center for Devices and Radiological Health. The companies aim to obtain FDA 510(k) clearance to market the technology in the U.S. through their partnership entity, Ai-nova Acquisition Corp (AAC).
Key points:
- AAC holds worldwide licensing rights for VisionAI platform and retinal cameras
- The strategy includes rapid deployment in low-regulation markets while pursuing FDA clearance
- Pre-submission meeting will help determine clinical trial requirements and budget planning
- Success with FDA is crucial for U.S. market entry and commercial potential
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