VolitionRx Limited develops epigenetics-based diagnostics through its Nucleosomics platform, which measures nucleosomes in blood and other bodily fluids. The company’s Nu.Q® product portfolio spans human diagnostics and monitoring for cancer, sepsis, trauma biomarker research and other disease areas, as well as veterinary oncology through Nu.Q® Vet assays.
VNRX news covers clinical publications and assay-development milestones, commercialization of Nu.Q® tests, veterinary cancer-test development, recombinant nucleosome products under rNuQ™, licensing and distribution activity, financial results, non-dilutive funding, equity financing and NYSE American listing-compliance matters. Volition’s research and development activities are centered in Belgium, with additional operations in the United States and London.
VolitionRx Limited (NYSE AMERICAN: VNRX) announced a sponsored research agreement with The University of Texas MD Anderson Cancer Center to study neutrophil extracellular traps (NETs) in cancer patients with sepsis. Led by Professor Jyotika Sharma, the study will utilize Volition's Nu.Q® NETs test, recently CE marked for NETosis evaluation. This research targets the critical early identification of sepsis risk in cancer patients, aiming to improve outcomes. High NET levels are linked to severe reactions and organ failure, emphasizing the test's potential in clinical settings.
VolitionRx Limited (NYSE AMERICAN: VNRX) has appointed Diagnostic Oncology CRO, LLC (DXOCRO) to lead development and clinical validation studies for its Nu.Q® product range in the U.S. The collaboration aims to establish clinical utility for its tests related to sepsis and cancer, ultimately seeking FDA clearance. DXOCRO brings expertise in commercialization and regulatory affairs to Volition, enhancing its strategy for U.S. market entry. This partnership supports Volition's objective to demonstrate the potential of its Nucleosomics™ technology in improving patient outcomes.
VolitionRx Limited (NYSE AMERICAN: VNRX) announced a $1.5 million non-dilutive funding from Namur Invest Capital Risk in Belgium. This funding will support an early access program for Volition's Nu.Q® product portfolio across the EU, UK, and USA. COO Gaetan Michel expressed excitement for advancing Nucleosomics™ technology and engaging industry leaders. The funding is part of over $14 million in grants from Walloon Region since 2016, and the loan will bear a 6% interest rate, repayable over four years, maturing on July 31, 2026.
VolitionRx Limited (NYSE AMERICAN: VNRX) announced the closing of its public offering of 3,450,000 shares at $2.00 each, raising gross proceeds of $6.9 million. The proceeds will be allocated for research, product development, clinical studies, and potential strategic acquisitions. The offering was facilitated by Newbridge Securities Corporation and is part of a previously filed shelf registration. The company focuses on developing blood tests to diagnose serious diseases using its Nucleosomics™ platform.
Xenetic Biosciences (NASDAQ: XBIO) and VolitionRx Limited (NYSE AMERICAN: VNRX) announced a collaboration to develop Neutrophil Extracellular Traps (NETs) targeted, adoptive cell therapies for cancer treatment. The program aims to evaluate the integration of Volition's Nu.Q® NETs Test with Xenetic's DNase-Armored CAR T platform to potentially address multiple solid tumor types. Volition will fund the research, sharing proceeds from commercialization. The collaboration highlights both companies' commitment to innovative cancer therapies and reflects Xenetic's recent acquisition of the DNase platform.
VolitionRx Limited (NYSE AMERICAN: VNRX) has announced the pricing of its underwritten public offering of 3,000,000 shares at $2.00 per share, aiming to raise gross proceeds of approximately $6 million. An additional 450,000 shares may be purchased by the underwriter for overallotments. The offering is set to close around August 2, 2022. Proceeds will fund research, development, clinical studies, and working capital, including potential strategic acquisitions.
VolitionRx Limited (NYSE AMERICAN: VNRX) announced an underwritten public offering of its common stock, with all shares offered by the company. The offering includes a 30-day option for the underwriter to purchase an additional 15% of shares at the public offering price. The exact terms will depend on market conditions, and there is no guarantee of completion. Newbridge Securities Corporation is the sole book-running manager. The offering is made under a shelf registration statement previously filed with the SEC. A preliminary prospectus has been filed and is available on the SEC's website.
VolitionRx Limited (NYSE AMERICAN: VNRX) presented new data on its Nu.Q® NETs test at the ISTH Congress on July 13, 2022. The research, conducted with the University of Namur and QUALIblood, explores NETosis biomarkers in sepsis and COVID-19. Key findings include a correlation between Nu.Q® NET levels and the SOFA score, potentially aiding in patient diagnosis. Volition's Chief Scientific Officer emphasized the significance of this congress for building collaborations and advancing clinical applications of Nu.Q® tests in Europe.
VolitionRx Limited (VNRX) has announced the CE marking of its Nu.Q® NETs test for the detection and evaluation of NETosis, allowing clinical use in over 27 European countries. This test can detect NETosis through routine blood tests, offering significant commercial potential with a Total Addressable Market of approximately $6.5 billion for sepsis in Europe. The company expects to start commercialization in the first half of 2023. The test aims to support physicians in managing diseases associated with NETosis, including sepsis and COVID-19.
VolitionRx Limited (VNRX) reported financial results for Q1 2022, highlighting a net loss of $7.7 million compared to $6.1 million in Q1 2021. Cash reserves increased to $23.7 million, boosted by a $10 million milestone payment from Heska Corporation following a major licensing agreement for the Nu.Q® Vet Cancer Screening Test. The company is also expanding its operations with new hires and recent product launches in Singapore. Upcoming milestones include further licensing agreements, sales of test components, and clinical studies.