iSpecimen Expands Global Biospecimen Supplier Network and Access to Human Biospecimens Needed to Help Accelerate Development of Liquid Biopsies
10/07/2021 - 08:00 AM
LEXINGTON, Mass. , Oct. 7, 2021 /PRNewswire/ -- iSpecimen Inc. (Nasdaq: ISPC) , an online marketplace for human biospecimens biofluids to help accelerate the development of liquid biopsies. In support of this market, the company expanded its supply network to include another US-based organization with numerous blood donation centers across the country and access to tens of thousands of donors registered to provide blood for research.
A developing technology, liquid biopsies promise to be a less invasive and more convenient way to detect and help diagnose various diseases early in their progression when compared to traditional surgical biopsies. The emerging diagnostic method typically uses a blood or other biofluid sample – rather than a tissue sample extracted surgically – to reveal signs of disease, such as cancer. In the case of liquid biopsies for cancer, biomarkers may include circulating tumor cells or free-floating DNA from a tumor.
Researchers hope that liquid biopsies can someday be administered in a doctor's office and detect cancer or heightened risk before symptoms appear. Liquid biopsies are also viewed as a good way to follow the development, recurrence, or mutation of cancer in individual patients over time. The estimated $1.45 billion projected to grow 24% per year through 2026.
Over the past two and a half years, iSpecimen has delivered thousands of blood, plasma, and other human biofluid samples in support of nearly 30 mid- and large-size liquid biopsy research and development studies. More than 100 potential projects were reviewed for participation during this time, including those with a growing focus on pan cancer research.
These broader pan cancer research studies aim to detect multiple cancer types in a liquid biopsy versus a singular result for colon or prostate cancer, for example, and require extensive access to human biofluid samples. As a result, research organizations need more biospecimens from a diverse population of diseased and healthy donors. An expanding supplier network is an integral part of growing iSpecimen's liquid biopsy research support capabilities.
"Liquid biopsy aims to make a significant impact on early cancer risk assessment, detection, diagnosis, and treatment, which is a game changer in helping patients live longer, high-quality lives," said iSpecimen Founder and CEO, Christopher Ianelli , MD, Ph.D. "Supporting research and development in this area is a growing part of iSpecimen's business and embedded in our mission."
About iSpecimen
iSpecimen offers an online marketplace for human biospecimens, connecting life scientists in commercial and non-profit organizations with healthcare providers that have access to patients and specimens needed for medical discovery. Proprietary, cloud-based technology enables scientists to intuitively search for specimens and patients across a federated partner network of hospitals, labs, biobanks, blood centers, and other healthcare organizations. For more information about iSpecimen, please visit www.ispecimen.com
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For further information, please contact:
Investor Contact KCSA Strategic Communications Scott Eckstein iSpecimen@kcsa.com
Media Contact Kaitlynn Cooney kcooney@brodeur.com
https://www.prnewswire.com/news-releases/ispecimen-expands-global-biospecimen-supplier-network-and-access-to-human-biospecimens-needed-to-help-accelerate-development-of-liquid-biopsies-301394586.html
SOURCE iSpecimen Inc.
