The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Imagion Biosystems (IBX) reports evidence in human patients that its MagSense cancer detection tech could improve the standard of care for cancer patients
  • New trial data shows the IBX MagSense tech, when combined with conventional MRI scans, could help discriminate between potentially cancerous nodes from normal nodes
  • Until now, the company has only reported safety and tolerability data for the MagSense trial, meaning today’s announcement marks IBX’s first breast cancer clinical data
  • The company is continuing to enrol patients for the second cohort of the trial, with results so far consistent with data from the first cohort
  • Shares in IBX last traded at 2.5 cents on Wednesday, December 7

Imagion Biosystems (IBX) has reported evidence in human patients that its MagSense cancer detection technology could improve the standard of care for cancer patients.

The company on Thursday said interim data from its ongoing phase two clinical study of its MagSense HER2 breast cancer imaging agent showed that the molecule signature of the MagSense imaging agent — when combined with conventional MRI — could help discriminate potentially cancerous nodes from normal nodes.

The company said that when combined with standard morphological assessments, MagSense could improve radiological evaluation and, subsequently, standard-of-care clinical tests.

Imagion CEO Bob Proulx said the company was “very excited” to report its first breast cancer clinical data for the first six patients of its MagSense trial.

“Though the number of patients might seem small, the implications for the company are large as they provide the first proof-of-principle of our targeted nanoparticle technology in the clinical setting,” Mr Proulx said.

“Evidence in real patients that our nanoparticle technology could improve upon conventional medical imaging methods is a major milestone for the company.”

Until now, the company has only reported safety and tolerability data for the MagSense trial, meaning today’s announcement marks the first efficacy results for the product.

However, Imagion said while the MagSense imaging agent was detectable by magnetic relaxometry, more subject samples were required due to a limited amount of accessible dissected nodal tissue to date.

The company is continuing to enrol patients for the second cohort of the trial, with results so far consistent with data from the first cohort.

Imagion said further studies were needed to broaden the study population and fully characterise the diagnostic performance of MagSense.

Imagion’s MagSense tech is based on bio-safe magnetic nanoparticles used to detect and tag cancer cells in the body. These particles act as a ‘beacon’ to medical imaging specialists to provide accurate depictions of the size and nature of tumours.

Shares in IBX last traded at 2.5 cents on Wednesday, December 7.

IBX by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Bourse finishes week on a high as Wisetech pummeled | November 22, 2024

The ASX200 closed up 0.85% at 8,393 points. Economists increasingly expect interest rates in Australia won’t…
The Market Online Video

HotCopper Highlights: Your most watched stocks for Week 47, 2024

In this segment we’ll look at the top stocks HotCopper users have been watching, and discussing,…
Nuclear explosion mushroom cloud concept

Week 47 Wrap: HotCopper users’ most watched; Brent lifts on Putin’s scary letter; RFK dents CSL

Welcome to the end of another week. Let's start with what HotCopper users have been watching…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham’s weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

The $8.8 billion dollar merger between Sigma Healthcare and Chemist Warehouse is poised to reshape the Australian pharmacy landscape, consolidating power in th…