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Stella Diagnostics Announces Completion of Corporate Name and Ticker Symbol Changes (SLDX)
SALT LAKE CITY, UT / ACCESSWIRE / April 16, 2021 / Stella Diagnostics, Inc. (OTC PINK:JMDP) ("Stella" or "The Company") announced today that its corporate name change from "JMP Properties, Inc." to "Stella Diagnostics, Inc." became effective on April 16, 2021. In connection with the name change, the Company's common stock will begin trading on the OTC Markets under the ticker symbol "SLDX" at the open of market trading on April 16, 2021.
"Stella Diagnostics was founded to improve the patient management strategies for the millions of people living with severe esophageal disease," said Stella CEO, Dr. Joe Abdo. "Securing our name and ticker change are important steps in aligning our mission and brand for the betterment of our Company, shareholders, clinical partnerships, and patient care."
Stella Diagnostics and the University of Kansas Medical Center Enter Into Collaborative Research Agreement
via The Wall Street Journal: https://www.wsj.com/articles/stella-diagnostics-and-the-university-of-kansas-medical-center-enter-into-collaborative-research-agreement-01615903798?tesla=y
KANSAS CITY, KS / ACCESSWIRE / March 16, 2021 / Stella Diagnostics, Inc. (OTC PINK:JMDP) ("Stella" or "The Company") has announced a Collaborative Research Agreement with the University of Kansas Medical Center ("KU Medical Center") to assess the predictability and clinical utility of the Company's STLA101 panel in Barrett's esophagus patients.
The collaboration aims to assess Stella's mass spectroscopy STLA101 assay through the quantification of novel proto-oncogenes in Barrett's esophagus tissue that either progressed to cancer or did not. Ajay Bansal, MD, Gastroenterologist Specialist and Associate Professor at the University of Kansas Medical Center will be the Principal Investigator for the study. This research has the potential to help clinicians better understand the biochemical mechanisms contributing to Barrett's esophagus progressing to esophageal adenocarcinoma, which has the fastest rising rate of incidence of any cancer in the United States.
Dr. Ajay Bansal, attending Gastroenterologist at KU Medical Center, stated: "My research interests has been highly involved in the early detection of Barrett's esophagus and esophageal adenocarcinoma, because if we can achieve this clinically, it will provide a massive benefit to patients with potentially deadly indications. The opportunity to simultaneously assess novel markers along with disease drivers that are well-described in the literature by utilizing the unique strengths of mass spectrometry will allow us to attain an enormous amount of molecular information on patients who did or did not progress to cancer."
CEO of Stella Diagnostics, Dr. Joe Abdo, says: "Our company mission is to provide guidance to gastroenterologists like Dr. Bansal in the management of Barrett's esophagus, dysplasia, and carcinoma. Our partnership with KU Medical Center will help continue to establish our novel diagnostic panel for risk stratification of disease progression in Barrett's esophagus tissue, which will have a significant impact on the surveillance and treatment of these patients."
Barrett's esophagus, the only known precursor to esophageal adenocarcinoma, is estimated to affect 6 million Americans (Modiano, et al). In most cases, esophageal cancer is a treatable disease, but it is rarely curable. The 5-year overall survival rate in patients fit for treatment ranges from 5% to 25% depending on the stage of presentation. The infrequent patient with very early disease has a better chance of survival (cancer.gov). KU Medical Center and Stella Diagnostics will work to elucidate the proteomic expression trends that are contributing to the pathogenesis of BE tissue that progresses into deadly neoplasms, ultimately aiming to detect malignant transformations before cancer ever develops.
Stella Diagnostics' new YouTube video outlines their work to provide gastroenterologists with data to predict esophageal disease progression and the severity of existing conditions.
GenomeWeb and Precision Oncology News featured Stella Diagnostics' partnership with Mayo Clinic. https://www.genomeweb.com/cancer/stella-diagnostics-mayo-clinic-collaborating-barretts-esophagus-protein-markers#.YDfCqGhKhPZ
Stella Diagnostics Announces Key Additions to its Board of Directors
SALT LAKE CITY, UT / ACCESSWIRE / February 25, 2021 / Stella Diagnostics, Inc. (OTC PINK:JMDP) ("Stella" or "The Company") today announced that it has appointed Peter A. Cohen, Seth Platt, and David Seaburg to its Board of Directors. The three new members have decades of experience in asset management, investment banking and corporate development - having held various executive roles for multiple leading, global institutions.
Dr. Joe Abdo, CEO of Stella Diagnostics and Board Director said, "It was incredibly important for the founders of Stella to recruit domain experts who have robust experience growing biotech companies to their full potential. To have these three seasoned veterans who have achieved an enormity of success in this space is going to set Stella up to thrive in a medical field that is in dire need of enhanced clinical concepts and sequences. I look forward to working with them and the rest of the Board to continue to achieve our corporate milestones while establishing Stella as a leading molecular oncology company."
Mr. Cohen has over 50 years of experience in asset management and investment banking and is currently the chairman and CEO of Andover National Corporation. He has led multiple companies as Chairman and CEO, including Cowen Inc., Shearson Lehman American Express, and founded Ramius Capital Management and led the securities and asset management businesses of Republic National Bank. Mr. Cohen began his career at Reynolds & Co., later part of Dean Witter Reynolds, where he oversaw multiple mergers that included Shearson, Hammill & Co. and Loeb, Rhoades, Hornblower & Co.
Mr. Platt joined Brownstone Investment Group in 2014 and currently serves as the company's Chief Operating Officer. Mr. Platt held a similar role with Sarissa Capital Management. He has also held roles as Managing Director of Corporate Strategy and Business Development at First New York and was a founder and Chief Operating Officer at Explorer Alternative Management. He began his career in investment banking at Montgomery Securities.
Mr. Seaburg is currently the CEO of PolarityTE, Inc. (Nasdaq: PTE). He spent 25 years at Cowen, Inc. as Managing Director, Head of Sales Trading and a member of Cowen's Equity Operating Committee. Over the course of his tenure, he has interacted with thousands of healthcare investors and corporate management teams to drive organizational success. Mr. Seaburg was formerly a contributor on CNBC's Fast Money, where he provided regular on-air market commentary for the network.
About Stella Diagnostics
Stella Diagnostics, Inc. is a molecular diagnostics-based organization focused on improving patient management strategies for over 67 million people living with severe esophageal disease. StellaDX's clinical assay will offer physicians insight into the molecular properties of their patients' tissue to determine if the disease is stable, progressing or turning cancerous. Using targeted mass spectrometry proteomics, we believe that informing physicians of the expression patterns playing a role in the pathogenesis of GERD, Barrett's esophagus and esophageal cancer early in the treatment plan may extend or save lives.
Forward Looking Statements
Certain statements made in this press release are "forward looking statements" that are based on Stella Diagnostics' beliefs, assumptions, current expectations, estimates and projections. Forward looking statements involve known and unknown risks and uncertainties that may cause forecasted results to differ from actual results. Such risks include, but are not limited to market conditions, competitive factors, the ability to complete the proposed transaction and other such related risks. Stella Diagnostics can give no assurances that any projections related to revenues, profit margins or profits will be realized. Statements that are not historical fact, including without limitation statements which are preceded by, followed by or include the words "believes," "anticipates," "plans," "expects," "estimates," "may," "should," "intends," or similar expressions are forward looking statements. While Stella Diagnostics believes these assumptions, expectations, estimates, and projections are reasonable, such statements are subject to risks and uncertainties, certain of which are beyond our control and therefore, actual results may differ materially. Stella Diagnostics believes that many of the risks detailed here are part of doing business in the industry in which we would operate and compete. Forward looking statements only speak as of the date hereof and we do not undertake and expressly disclaim any obligation to update or release any revisions to any forward-looking statement whether as a result of new information, future events or otherwise except as required by law. While we believe the information used in this press release to be reliable, its accuracy has not been independently verified and cannot be guaranteed. Stella Diagnostics can give no assurances that any projections related to revenues, profit margins or profits will be realized.
Stella Diagnostics and Mayo Clinic Enter Into Collaborative Research Agreement
SALT LAKE CITY, UT / ACCESSWIRE / February 17, 2021 / Stella Diagnostics, Inc. (OTC PINK:JMDP) ("Stella" or "The Company") announced today that they have entered into a Collaborative Research Agreement with the Mayo Clinic to assess the predictability and clinical utility of the Company's STLA101 panel in patients diagnosed with Barrett's esophagus.
The collaboration aims to assess the expression patterns of multiple proto-oncogenes including the Company's STLA101 panel for the prediction of disease progression in Barrett's esophagus tissue utilizing targeted mass spectrometry. Dr. Christopher Hartley, MD and Dr. Catherine Hagen, MD, Gastrointestinal Pathologists at Mayo Clinic in Rochester, Minnesota, will be principal investigators for the study. The study will assess the expression trends of the STLA101 assay as well as many other known biomarkers associated with oncogenic disease progression in over 100 patients with Barrett's esophagus diagnoses who either progressed to a more severe disease state or remained stable over a 10-year period.
"As someone who was born and raised in Minnesota, I couldn't be more delighted to announce our research collaboration with a medical institution that I have admired my entire life and has even cared for my family members," commented Dr. Joe Abdo, CEO of Stella Diagnostics. "Barrett's patients, and subsequently people who develop esophageal cancer from this indication, are an embattled cohort who could benefit from augmented screening techniques. I am pleased that the Mayo Clinic acknowledges the value in additional molecular information provided by the STLA101 panel which will aide gastroenterologists (GIs) in determining the risk of their patients' disease progressing. I look forward to producing landmark research with them and their team throughout the duration of our collaboration."
Esophageal adenocarcinoma is the fastest rising cancer in the United States, with a 700% increase in incidence over the last four decades (Thuy-Van P. Hang, et al). The majority of these patients are diagnosed with gastroesophageal reflux disease (GERD) and Barrett's esophagus before their cancer is detected. Mayo Clinic and Stella Diagnostics will work to elucidate which expression patterns will be crucial for GI's to optimize management strategies before neoplastic pathways predominate their patient's lower esophageal disease.
About Stella Diagnostics
Stella Diagnostics, Inc. is a molecular diagnostics-based organization focused on improving patient management strategies for over 67 million people living with severe esophageal disease. StellaDX's clinical assay will offer physicians insight into the molecular properties of their patients' tissue to determine if the disease is stable, progressing or turning cancerous. Using targeted mass spectrometry proteomics, we believe that informing physicians of the expression patterns playing a role in the pathogenesis of GERD, Barrett's esophagus and esophageal cancer early in the treatment plan may extend or save lives. For more information, please visit www.stelladx.com.
Forward-Looking Statements
Certain statements made in this press release are "forward looking statements" that are based on Stella Diagnostics' beliefs, assumptions, current expectations, estimates and projections. Forward looking statements involve known and unknown risks and uncertainties that may cause forecasted results to differ from actual results. Such risks include, but are not limited to market conditions, competitive factors, the ability to complete the proposed transaction and other such related risks. Stella Diagnostics can give no assurances that any projections related to revenues, profit margins or profits will be realized. Statements that are not historical fact, including without limitation statements which are preceded by, followed by or include the words "believes," "anticipates," "plans," "expects," "estimates," "may," "should," "intends," or similar expressions are forward looking statements. While Stella Diagnostics believes these assumptions, expectations, estimates, and projections are reasonable, such statements are subject to risks and uncertainties, certain of which are beyond our control and therefore, actual results may differ materially. Stella Diagnostics believes that many of the risks detailed here are part of doing business in the industry in which we would operate and compete. Forward looking statements only speak as of the date hereof and we do not undertake and expressly disclaim any obligation to update or release any revisions to any forward-looking statement whether as a result of new information, future events or otherwise except as required by law. While we believe the information used in this press release to be reliable, its accuracy has not been independently verified and cannot be guaranteed. Stella Diagnostics can give no assurances that any projections related to revenues, profit margins or profits will be realized.
Stella Diagnostics to Present at 23rd Annual ICR Conference
SALT LAKE CITY, UT / ACCESSWIRE / January 7, 2021 / Stella Diagnostics, Inc. (OTC PINK:JMDP), a molecular diagnostics-based organization focused on improving patient management strategies for people living with preneoplastic and cancerous esophageal diseases, today announced that the Company's Chief Executive Officer, Dr. Joe Abdo is scheduled to present at the 23rd Annual ICR Conference to be held virtually January 11-14, 2021.
Dr. Abdo will provide a corporate update and participate in a Q&A with registered participants. The Company's presentation will begin at 1:00 PM EST on Thursday, January 14, 2021. A webcast of the presentation will be available to all registered attendees and posted under the investor relations section of the Stella Diagnostics website at StellaDX.com after the live presentation.
About Stella Diagnostics
Stella Diagnostics, Inc. is a molecular diagnostics-based organization focused on improving patient management strategies for over 67 million people living with severe esophageal disease. StellaDX's clinical assay will offer physicians insight into the molecular properties of their patients' tissue to determine if the disease is stable, progressing or turning cancerous. Using targeted mass spectrometry proteomics, we believe that informing physicians of the expression patterns playing a role in the pathogenesis of GERD, Barrett's esophagus and esophageal cancer early in the treatment plan may extend or save lives.
A great podcast from Stella Diagnostics CEO Dr. Joe Abdo https://podcasts.apple.com/us/podcast/the-de-jargoning-episode-with-dr-joe-abdo/id1482032829?i=1000497023992
Stella Diagnostics to Present Data on Discovery of Proteomic Chemoresistance Network in Esophageal Cancer Tissue
Thursday, October 22, 2020 3:40 PM
NEW YORK, NY / ACCESSWIRE / October 22, 2020 / Stella Diagnostics, Inc. (OTC PINK:JMDP), a molecular diagnostics-based organization focused on improving patient management strategies for over 67 million people living with severe esophageal disease, today announced that Chief Executive Officer, Dr. Joe Abdo will deliver a company presentation (Abstract ID 148) at the 32nd EORTC NCI AACR Symposium on Molecular Targets and Cancer Therapeutics, being held virtually October 24-25, 2020. The data presentation is entitled "Discovery Proteomics Detects Expression Trends Associated with Resistance to the Most Commonly Used Chemotherapies in Esophageal Adenocarcinoma (EAC)" and was accepted after peer-review in the Drug Resistance and Modifiers session.
"Esophageal adenocarcinoma is the deadliest form of cancer relative to incidence in the United States and is also one of the least researched neoplasms despite its increasing prevalence. Strikingly, esophageal adenocarcinoma is the fastest rising cancer in the U.S. with a 600% increase over the past 25 years," explained first author of the abstract, Dr. Sumeet Mittal.
Dr. Mittal is a board-certified general surgeon and Surgical Director of the Esophageal and Foregut Program at Norton Thoracic Institute, St. Joseph's Hospital and Medical Center. Dr. Mittal is a Clinical Advisor for the Company.
"Our group was intrigued by esophageal cancer's ability to consistently resist combination chemotherapeutics and evade sensitization to drugs like cisplatin, taxanes and anthracyclines," said Dr. Abdo. "Therefore, we designed a molecular dragnet to detect and quantify expression trends in esophageal cancer cells that are associated with chemoresistance. We discovered a network of consistently down-regulated or overexpressed biomarkers that may contribute to broad resistance against common chemotherapies currently used for first-line therapy for EAC."
Dr. Mittal added, "Ultimately, these findings demonstrate a clinical need for actionable molecular diagnostics and new targeted therapy options for EAC patients."
The Company's presentation will be available on demand to registered participants through the conference website.
About Stella Diagnostics
Stella Diagnostics, Inc. is a molecular diagnostics-based organization focused on improving patient management strategies for over 67 million people living with severe esophageal disease. StellaDX's clinical assay will offer physicians insight into the molecular properties of their patients' tissue to determine if the disease is stable, progressing or turning cancerous. Using targeted mass spectrometry proteomics, we believe that informing physicians of the expression patterns playing a role in the pathogenesis of GERD, Barrett's esophagus and esophageal cancer early in the treatment plan may extend or save lives. For more information, please visit (www.stelladx.com).
STELLA DIAGNOSTICS CONTACTS:
Investors and Media Contact:
Stella Diagnostics, Inc.
Email: info@stelldx.com
Phone: 201-381-1474
SOURCE: Stella Diagnostics, Inc.
Stella Diagnostics to Participate in BIO Investor Forum Digital
October 09, 2020 09:03 AM Eastern Daylight Time
NEW YORK--(BUSINESS WIRE)--Stella Diagnostics, Inc. (OTC Markets: JMDP – name change to STLA pending), a molecular diagnostics-based organization focused on improving patient management strategies for over 67 million people living with severe esophageal disease, today announced that Chief Executive Officer Dr. Joe Abdo will deliver a company presentation (Session ID 748685) and host one-on-one meetings during the 2020 BIO Investor Forum Digital, being held virtually October 13-15, 2020.
Stella Diagnostics was selected as the 2020 BIO Investor Forum Digital Buzz of BIO winner in the ‘Diagnostics and Beyond’ category. The Company’s presentation will be available on demand to registered participants through the conference website.
About Stella Diagnostics
Stella Diagnostics, Inc. is a molecular diagnostics-based organization focused on improving patient management strategies for over 67 million people living with severe esophageal disease. StellaDX’s clinical assay will offer physicians insight into the molecular properties of their patients’ tissue to determine if the disease is stable, progressing or turning cancerous. Using targeted mass spectrometry proteomics, we believe that informing physicians of the expression patterns playing a role in the pathogenesis of GERD, Barrett's esophagus and esophageal cancer early in the treatment plan may extend or save lives.
Stella Diagnostics Selected as Buzz of BIO Winner for the 2020 BIO Investor Forum Digital
September 23, 2020 08:03 AM Eastern Daylight Time
NEW YORK--(BUSINESS WIRE)--Stella Diagnostics, Inc. (OTC Markets: JMDP), a molecular diagnostics-based organization focused on improving patient management strategies for over 67 million people living with severe esophageal disease, announced today that it was selected as the Buzz of BIO winner for the 2020 BIO Investor Forum Digital in the ‘Diagnostics and Beyond’ category. Stella Diagnostics also received an invitation to deliver a podium presentation about the company at the event to be held virtually on October 13-15, 2020.
The Buzz of BIO contest provides an excellent opportunity for companies to share their technology and commercial offerings. According to the BIO website, “…the BIO Investor Forum has become the premier event where biotech innovators can find strategic partners to advance their company to the next stage in their business life cycle.” The contest helps to identify U.S.-based companies with breakthrough, early stage technologies that have the potential to improve the lives of patients and yield an advantage in healthcare economics.
Joe Abdo, Co-founder and CEO of Stella Diagnostics said, “On behalf of the entire Stella team, we would like to thank BIO for nominating Stella as well as everyone who voted for Stella during the Buzz of BIO open voting competition. We are incredibly eager to demonstrate the paradigm shift that our diagnostic platform can bring to healthcare providers in the fields of gastroenterology, pathology and GI oncology.”
Scientific Advisor, Dr. Devendra Agrawal, noted that “Stella Diagnostics focuses on process innovation with the goal to deliver robust and actionable diagnostic data to providers treating millions of Americans living with severe esophageal disease. The technology was developed via rigorous research by domain experts and practicing physicians. We are looking forward to demonstrating to the BIO Investor Forum attendees how our discovery and algorithm can be incorporated into routine clinical sequences and concurrently yield critical diagnostic data in concert with standard of care screening protocols. This would allow the physicians and patients to make more informed decisions and achieve better outcomes.”
About Stella Diagnostics
Stella Diagnostics, Inc. is a molecular diagnostics-based organization focused on improving patient management strategies for over 67 million people living with severe esophageal disease. StellaDX’s mass spec proteomic assay will offer physicians insight into the molecular properties of their patients’ tissue to determine if the disease is stable, progressing or turning cancerous. Using targeted mass spectrometry proteomics, we believe that informing physicians of the expression patterns playing a role in the pathogenesis of GERD, Barrett's esophagus and esophageal cancer early in the treatment plan may extend or save lives. For more information, please visit (www.stelladx.com).
About BIO
BIO is the world's largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world.
JMD Properties, Inc. Acquires Diagnostic Oncology Company, Changes Focus to Biotech
September 02, 2020 09:26 AM Eastern Daylight Time
NEW YORK--(BUSINESS WIRE)--JMD Properties, Inc. (OTC: JMDP) today announced it has acquired Stella Diagnostics, LLC, in a preferred stock acquisition and will be changing its name to Stella Diagnostics, Inc., to better express the new focus of the company.
Daniel Wainstein, the Chairman of the Board, noted, “the Company is confident that a move into the diagnostic sector of the biotech industry will be beneficial both to our investors and to all those suffering from serious esophageal disease which is an underserved and ever-growing patient population in the U.S. and abroad.”
Incoming CEO, Dr. Joe Abdo, said, “Six million Americans are living with Barrett’s esophagus which can be a precursor to the deadliest cancer relative to incidence in our country. Alarmingly, the rate of incidence of esophageal cancer is rising faster than any other cancer, with a 6-fold increase over two decades. Four out of five esophageal cancer patients present to their oncologist in the advanced stages of cancer progression, which is why survival durations are so short after diagnosis. Our mission at Stella Diagnostics is to stratify patients by disease severity with our multi-pronged diagnostic approach. In doing so, high risk patients will be identified when the disease is still in a treatable state. We are very excited about the transaction with JMDP which will provide Stella Diagnostics the resources to get our tests into the hands of patients and their providers quickly.”
In conjunction with the acquisition and name change, the Company will be filing for a symbol change. The Company will be filing this corporate action with FINRA.
About Stella Diagnostics, Inc.
Stella Diagnostics, Inc., is a molecular diagnostics-based organization focused on improving patient management strategies for the over 67 million people living with severe esophageal disease. The Company’s proprietary technology offers physicians insight into the molecular properties of their patients’ tissue to determine if the disease is stable, progressing, or turning cancerous. For more information, visit (www.stelladx.com).
Safe–Harbor
Forward Looking Statements: This press release may include forward-looking statements. These forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain and actual results may differ materially from those predicted in such forward looking statements. Factors that could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to, changes in interest rates; the economic health of the local real estate markets in which we operate; general economic conditions; legislative/regulatory changes; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; competition; and changes in accounting principles, policies, and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements.