Predictive Oncology Inc. Appoints Dan Handley, M.S., Ph.D. to Board of Directors
February 21 2020 - 8:30AM
Predictive Oncology Inc. (NASDAQ: POAI) (“Predictive Oncology” or
“the Company”), a data and artificial intelligence (“AI”) driven
discovery services company that provides predictive models of tumor
drug response to improve clinical outcomes for patients, today
announced that its Board of Directors has unanimously appointed Dan
Handley, M.S., Ph.D., to the Board.
Dr. Handley serves as a Professor and the Director of the
Clinical and Translational Genome Research Institute of Southern
California University of Health Sciences. Previously, he was the
Chief Scientific Officer of the Clinical and Translational Genome
Research Institute, a Florida 501(c)3 non-profit corporation.
During that time, he also held a courtesy faculty appointment in
the Department of Biological Sciences at Florida Gulf Coast
University. He previously served as the Chief Scientific Officer
for Advanced Healthcare Technology Solutions, Inc., Life-Seq, LLC,
as a senior researcher at the Procter & Gamble Co., a senior
administrator, researcher, and laboratory manager at the David
Geffen UCLA School of Medicine, and as a founding biotechnology
inventor for the National Genetics Institute. He holds a B.A. in
Biophysics from Johns Hopkins University, an M.S. in Logic and
Computation from Carnegie Mellon University, a Ph.D. in Human
Genetics from the University of Pittsburgh. He completed his
post-doctoral training at Magee-Women’s Research Institute
researching advanced genomic technologies applied to fetal and
maternal health. He is a decorated veteran of the U.S. Navy, having
served as a nuclear propulsion instructor and a submarine nuclear
reactor operator.
“Predictive Oncology is once again very fortunate to announce
another exemplary addition to our Board of Directors,” said Dr.
Carl Schwartz, CEO of Predictive Oncology, “Dan Handley has a
varied and strong background, including interaction with Carnegie
Mellon University and Magee-Women’s Research Institute both leaders
in their respective fields and closely associated with our Helomics
division. I greatly anticipate working with Dan and benefitting
from his knowledge and experience.”
About Predictive Oncology Inc.
Predictive Oncology (Nasdaq: POAI) operates through three
segments (Domestic, International and other), which contain four
subsidiaries; Helomics, TumorGenesis, Skyline Medical and Skyline
Europe. Helomics applies artificial intelligence to its rich data
gathered from patient tumors to both personalize cancer therapies
for patients and drive the development of new targeted therapies in
collaborations with pharmaceutical companies. Helomics’
CLIA-certified lab provides clinical testing that assists
oncologists in individualizing patient treatment decisions, by
providing an evidence-based roadmap for therapy. In addition to its
proprietary precision oncology platform, Helomics offers boutique
CRO services that leverage its TruTumor™, patient-derived tumor
models coupled to a wide range of multi-omics assays (genomics,
proteomics and biochemical), and an AI-powered proprietary
bioinformatics platform to provide a tailored solution to its
clients’ specific needs. Predictive Oncology’s TumorGenesis
subsidiary is developing a new rapid approach to growing tumors in
the laboratory, which essentially “fools” cancer cells into
thinking they are still growing inside a patient. Its proprietary
Oncology Discovery Technology Platform kits will assist researchers
and clinicians to identify which cancer cells bind to specific
biomarkers. Once the biomarkers are identified they can be used in
TumorGenesis’ Oncology Capture Technology Platforms which isolate
and help categorize an individual patient’s heterogeneous tumor
samples to enable the development of patient specific treatment
options. Helomics and TumorGenesis are focused on ovarian cancer.
Predictive Oncology’s Skyline Medical division markets its patented
and FDA cleared STREAMWAY System, which automates the collection,
measurement and disposal of waste fluid, including blood,
irrigation fluid and others, within a medical facility, through
both domestic and international divisions. The company has achieved
sales in five of the seven continents through both direct sales and
distributor partners. For more information, please visit
www.predictive-oncology.com.
Forward-looking Statements
Certain of the matters discussed in the press release contain
forward-looking statements that involve material risks to and
uncertainties in the Company’s business that may cause actual
results to differ materially from those anticipated by the
statements made herein. Such risks and uncertainties include (i)
risks related to the recent merger with Helomics, including the
fact that the combined company will not be able to continue
operating without additional financing; possible failure to realize
anticipated benefits of the merger; costs associated with the
merger may be higher than expected; the merger may result in
disruption of the Company’s and Helomics’ existing businesses,
distraction of management and diversion of resources; and the
market price of the Company’s common stock may decline as a result
of the merger; (ii) risks related to our partnerships with other
companies, including the need to negotiate the definitive
agreements; possible failure to realize anticipated benefits of
these partnerships; and costs of providing funding to our partner
companies, which may never be repaid or provide anticipated
returns; and (iii) other risks and uncertainties relating to the
Company that include, among other things, current negative
operating cash flows and a need for additional funding to finance
our operating plan; the terms of any further financing, which may
be highly dilutive and may include onerous terms; unexpected costs
and operating deficits, and lower than expected sales and revenues;
sales cycles that can be longer than expected, resulting in delays
in projected sales or failure to make such sales; uncertain
willingness and ability of customers to adopt new technologies and
other factors that may affect further market acceptance, if our
product is not accepted by our potential customers, it is unlikely
that we will ever become profitable; adverse economic conditions;
adverse results of any legal proceedings; the volatility of our
operating results and financial condition; inability to attract or
retain qualified senior management personnel, including sales and
marketing personnel; our ability to establish and maintain the
proprietary nature of our technology through the patent process, as
well as our ability to possibly license from others patents and
patent applications necessary to develop products; Predictive’s
ability to implement its long range business plan for various
applications of its technology; Predictive’s ability to enter into
agreements with any necessary marketing and/or distribution
partners and with any strategic or joint venture partners; the
impact of competition, the obtaining and maintenance of any
necessary regulatory clearances applicable to applications of
Predictive’s technology; and management of growth and other risks
and uncertainties that may be detailed from time to time in the
Company’s reports filed with the SEC, which are available for
review at www.sec.gov. This is not a solicitation to buy or sell
securities and does not purport to be an analysis of Predictive’s
financial position. See Predictive’s most recent Annual Report on
Form 10-K, and subsequent reports and other filings at
www.sec.gov.Contact:Bob
Myers651-389-4800bmyers@skylinemedical.com
Predictive Oncology (NASDAQ:POAI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Predictive Oncology (NASDAQ:POAI)
Historical Stock Chart
From Apr 2023 to Apr 2024