Benzinga | Jun 22, 2021 08:34AM EDT

Predictive Oncology Says Subsidiaries Soluable Biotech, TumorGenesis Both Constructing New GMP Labs

Predictive Oncology (NASDAQ:POAI), an AI-driven oncology and drug discovery company, announced today that two of their wholly owned subsidiaries, Soluble Biotech Inc. and TumorGenesis Inc. are both expanding their unique services by completing the fabrication and qualification of GMP facilities.



Soluble Biotech Inc., located in Birmingham, Alabama, uses a proprietary technology to rapidly develop formulations for protein and peptide therapeutics (i.e., vaccines, antibodies, virus-like particles, etc.). The GMP facility will allow the company to provide their customers with formulations that can be directly used in clinical trials. This new capability is expected to significantly expand Soluble Biotech's growing potential customer base and it is hoped to lead to long-term partnerships with pharmaceutical and biotech companies. Soluble Biotech also sells chromatography kits that contain their proprietary, highly efficient endotoxin removal media. Soluble's new GMP facility will be used to produce this media for pharmaceutical and biotechnology companies as one of their final protein purification steps prior to entering animal or human trials.

"The addition of a GMP facility is expected to significantly increase our potential customer base and lead to multiple long-term collaborations," said Dr. Larry DeLucas, Vice President of Operations at Predictive Oncology.

TumorGenesis Inc., located in Salem, Massachusetts, is also implementing GMP operations for its production of cancer cell media and other products used in the capture, culture, identification, and screening of ovarian and breast cancer cells. The media, used to "fool" cancer cells into behaving as if they were still in the body, can also be used along with new technologies in cancer cell editing to produce proteins and other biological products that can be used to diagnose, treat, or modify cancer cells.

"By having the ability to scale into GMP production of media, we will be able to meet the needs of researchers who are exploring ways to use the cancer cell's own mechanisms to produce a target, expressed protein or biological target," said Richard Gabriel, Senior Vice President of Research and Development at Predictive Oncology.