Sunday, August 20, 2017 8:55:31 AM
Interesting to once again see exactly where they are in this process. After 7 years they have a system that has been used on lab rats and are finally ready to design and build a prototype for humans. Then they will decide if this prototype can justify beginning the first step of human testing. Any thoughts on how long this might take and how much cash? Any idea how long and how much cash will be needed to get through the test phases needed for actual approval? Any guess how much more mhtx's 29% of ibx will be diluted by then? Or how much dilution ibx shareholders will experience over the years required to get approval?
Meanwhile, the competition continues to move along, some already completing initial human testing:
Quote:Scientists Develop Blood Test That Spots Tumor-Derived DNA in People With Early-Stage Cancers
In a bid to detect cancers early and in a noninvasive way, scientists at the Johns Hopkins Kimmel Cancer Center report they have developed a test that spots tiny amounts of cancer-specific DNA in blood and have used it to accurately identify more than half of 138 people with relatively early-stage colorectal, breast, lung and ovarian cancers. The test, the scientists say, is novel in that it can distinguish between DNA shed from tumors and other altered DNA that can be mistaken for cancer biomarkers.
http://www.hopkinsmedicine.org/news/media/releases/scientists_develop_blood_test_that_spots_tumor_derived_dna_in_people_with_early_stage_cancers
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