Melbourne breast cancer trial to test Optiscan imaging device
The groundbreaking clinical study will utilise Optiscan's InVue microscopic precision surgery device, as well as its InForm digital pathology imaging system, to create a new, improved treatment regimen for breast cancer patients.
The company will investigate the clinical workflow and real-time imaging capabilities of the two platforms in its first in-human breast cancer study. Optiscan will use data from the trial in its submissions for United States Food and Drug Administration (FDA) registration for the devices.
Surgeons will use the InVue device during surgery to capture live imaging data from a woman's breast tissue after removing a tumour. It will provide the surgical team with immediate feedback on tumour clearance, ensuring there is a margin of healthy breast tissue around the site where the tumour was removed.
Achieving a clear surgical margin, where no cancerous cells are left at the edges of the removed tissue, is critical to a patient's long-term health outcome but poses a significant surgical challenge.
'We believe our innovative real-time microscopic imaging platform represents a genuine breakthrough in surgical cancer management by bringing live cellular imaging to the bedside.'
Optiscan Imaging chief executive officer and managing director Dr Camile Farah
Using topical dyes, the removed tissue will then be examined with the InForm device to back up the InVue imaging. The additional InForm pathology data will be fed back into the company's imaging and pathology workflows ahead of its FDA application.
The study will also incorporate InForm imaging of tissue samples taken chairside or from pathology laboratories to match its other ex vivo patient data. InForm can assess new tissue samples quickly and accurately with high resolution and magnification.
While each device was designed to operate independently, Optiscan says it purposefully included both in the trial to maximise data collection, minimise the need to recruit patients into further trials and accelerate its regulatory submissions.
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News.com.au
3 hours ago
- News.com.au
ASX Tech June Winners: Defence tech stocks dominate record-breaking month
S&P500 and Nasdaq hit new highs on Big Tech run
 ASX energy leads, but tech holds strong in June
 Defence stocks dominate as DroneShield, Elsight, archTIS surge Wall Street wrapped up the quarter on a strong note, with both the S&P 500 and the tech-heavy Nasdaq setting fresh record highs. The S&P500 is now up 25% since April's panic lows, a comeback so sharp it feels like the market went from 'brace for impact' to 'bring out the champagne' in under 90 days. And leading the charge was none other than Big Tech. The Nasdaq, flush with mega-cap firepower, hit fresh highs as investors kept pouring into names they now treat like digital infrastructure: Nvidia, Oracle, Meta, Apple. During the month, Oracle broke records on news of a single US$30 billion-a-year cloud deal, and Nvidia became the world's most valuable company at nearly US$4 trillion. Global X now reckons that Nasdaq could finish the year somewhere between 21,000 and 24,000 (from the current 20,400 level). This, it said, will be fuelled by profit upgrades and the broader shift in investor psychology: that AI and semiconductors aren't just themes, they're foundational to the next economic cycle. And while Wall Street partied, the ASX didn't just sit in the corner holding a warm beer. Energy stocks absolutely belted it in June, up 9% for the month, easily the strongest sector. Blame Middle East supply fears and a tight physical market keeping oil prices jumpy. Monthly return for ASX Sectors But the quiet achiever in June was tech, up 0.73% for the month and moving in rhythm with the global tune. Names like NextDC (ASX:NXT) got some love after recent pullbacks. And Goodman Group (ASX:GMG), with its data-centre exposure, continues to look like a long-term compounder. Local investors are waking up to the fact that some of our home-grown names are quietly building the digital infrastructure of the future. BlackRock is flagging defence tech as the next trend to watch. And global fund managers have picked their lane, too. They're overweight tech, underweight hesitation. ASX tech winners in June Code Name Price Month % Change Market Cap ICE Icetana Limited 0.056 300% $29,782,251 AR9 Archtis Limited 0.230 229% $66,232,445 IFG Infocus Group 0.016 167% $4,415,389 ELS Elsight Ltd 1.775 131% $322,590,650 DXN DXN Limited 0.072 100% $21,506,662 DRO Droneshield Limited 2.280 73% $1,994,130,987 VR1 Vection Technologies 0.037 68% $65,394,610 SIS Simble Solutions 0.005 67% $5,411,652 HCL Highcom Ltd 0.310 55% $31,831,628 EOS Electro Optic Sys. 2.850 54% $549,913,482 OPL Opyl Limited 0.029 53% $6,814,081 YOJ Yojee Limited 0.395 46% $128,918,944 BDT Birddog 0.068 45% $10,981,050 1CG One Click Group Ltd 0.009 29% $10,640,575 FCT Firstwave Cloud Tech 0.016 23% $27,416,299 DUG DUG Tech 1.360 21% $183,134,337 FBR FBR Ltd 0.006 20% $34,136,713 QOR Qoria Limited 0.495 19% $652,328,462 JCS Jcurve Solutions 0.039 18% $12,883,394 SLX Silex Systems 4.220 17% $1,004,806,155 PHX Pharmx Technologies 0.093 16% $55,661,131 XF1 Xref Limited 0.155 15% $34,113,913 ASB Austal Limited 6.280 14% $2,645,010,676 DUB Dubber Corp Ltd 0.018 13% $47,220,614 CDA Codan Limited 20.110 12% $3,651,389,633 ESK Etherstack PLC 0.490 11% $64,764,281 SMP Smartpay Holdings 1.040 11% $251,621,203 NXT Nextdc Limited 14.500 11% $9,286,033,305 SKO Serko 2.930 8% $365,078,440 DCC Digitalx Limited 0.075 7% $90,271,791 MP1 Megaport Limited 14.440 7% $2,323,992,834 XYZ Block Inc 102.650 6% $4,849,418,810 8CO 8Common Limited 0.017 6% $3,809,613 BEO Beonic Ltd 0.210 5% $14,880,812 OEC Orbital Corp Limited 0.095 4% $15,654,073 BCC Beam Communications 0.125 4% $10,802,740 JAN Janison Edu Group 0.145 4% $37,683,797 XRG Xreality Group Ltd 0.031 3% $20,569,973 PPK PPK Group Limited 0.325 3% $29,514,062 EML EML Payments Ltd 1.165 3% $445,146,763 DTL Data#3 Limited 7.610 2% $1,178,852,414 SPZ Smart Parking Ltd 0.885 2% $362,985,326 CCR Credit Clear 0.235 2% $99,792,431 WTC Wisetech Global Ltd 109.030 2% $36,483,944,164 EOL Energy One Limited 14.940 1% $468,075,922 GTK Gentrack Group Ltd 11.530 1% $1,242,033,461 Making news for the right reasons or just hitting milestones, here were some of the month's notable gainers… iCetana (ASX:ICE) icetana AI surged in June after signing a $3.6 million strategic partnership with global tech heavyweight SoftBank Robotics. The deal includes a $1.87 million equity investment from SoftBank Robotics Singapore, giving it a 17.6% stake in icetana AI. SoftBank Robotics Corp. was also appointed exclusive distributor in Japan, with a guaranteed minimum of around $693k in annual recurring revenue. On top of that, it agreed to a three-year, $1.08 million joint development program to integrate icetana AI's video analytics with its own robotics and security platforms. The deal is icetana AI's biggest to date and sets it up for deeper expansion into Japan's market, building on its long-standing relationship with local partner Macnica. archTIS (ASX:AR9) archTIS rose in June off the back of two major defence wins that put it firmly on the radar. The first was a breakthrough deal with the US Department of Defense, where a prime contractor signed on for 1,000 licences of NC Protect, worth $38,500. 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Not bad for a company that was flying under the radar not long ago. The new contract comes off the back of that OEM securing a bunch of downstream defence clients who have now standardised on Halo as the go-to comms backbone for unmanned systems. Despite the regional conflict back home in Israel, Elsight said its production lines didn't miss a beat. DXN (ASX:DXN) DXN surged in June after landing two key contracts worth a combined $6.2 million. The big one was a $4.6 million deal with Globalstar to design and deliver three high-spec modular data centres for deployment in Hawaii by the end of 2025. The win came after a tough global tender, with DXN chosen for its strong customisation track record in defence, satellite and telco builds. Days later, it locked in a $1.6 million deal with Ventia to roll out its new indoor StructCore solution for a major Aussie telco, marking DXN's entry into the brownfield data centre retrofit market. Both contracts back the company's FY25 revenue guidance of $15.7-16 million, up at least 45% from last year. The market's now watching as DXN scales up across both satellite and telco infrastructure plays. DroneShield (ASX:DRO) Yet another defence stock on a tear. DroneShield locked in a record $61.6 million contract in June with a European military via its local reseller, marking the biggest deal in its history and larger than all of its 2024 revenue. The deal is for handheld and mobile counterdrone kits, with delivery and payment locked in for Q3 and Q4 next year. Just days later, it added a $9.7 million contract out of Latin America, again through a repeat reseller. Both wins reflect growing global demand as militaries move from testing to full-scale rollouts of counterdrone tech. With NATO ramping budgets and drone warfare heating up, DroneShield looks well-placed and well-armed for what's next. 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News.com.au
3 hours ago
- News.com.au
Biocurious: Dimerix could be riding big and beautiful kidney drug success earlier than expected
With the FDA's blessing, Dimerix will use phase III trial endpoints that could lead to accelerated approval for its kidney disease drug Dimerix is confident of phase III success because an expert 'peek' at the blinded data shows it's on the right track The company is well cashed up, courtesy of four global distribution deals When it comes to clinical trials, the choice of primary endpoints can mean the difference between a trial failing and a billion-dollar blockbuster drug emerging. Plenty of drug candidates have looked successful at mid stage, but then floundered because a later stage trial has failed to meet strictly defined goals. This appears to be the case with Opthea (ASX:OPT) and the recent failure of its two phase III eye disease trials. In other cases, strictly enforced endpoints mean that a trial is too long and too expensive. But regulatory attitudes are changing. In the case of Dimerix (ASX:DXB), the US Food & Drug Administration (FDA) has delivered the kidney disease drug developer a concession on endpoints for its ongoing phase III trial. The FDA's stance not only means that the endpoints are more likely to be achieved, reducing risk. It also means the company could win accelerated FDA marketing approval before the study has completed. 'That sparked a lot of interest in the sector because suddenly the trials are more manageable,' says Dimerix chief Dr Nina Webster. The 286-patient study is testing Dimerix's candidate DMX-200 for the regressive focal segmental glomerulosclerosis (FSGS). A rare – but not ultra rare – disease, FSGS usually results in end-stage kidney failure. Endpoints have delayed the endgame Previously, the FDA had set an endpoint of how well a drug preserves kidney function. But this meant a trial had to track the patient to kidney failure or death, which could take years. This makes a trial too long and too costly. 'In rare diseases, no-one is going to do these studies,' Webster says. About five years ago the FDA became more amenable to the use of 'surrogate' endpoints These are measures that substitute a true clinical endpoint to expedite drug development. The FDA allowed the use of the kidney function biomarker, called estimated global filtration rate (eGFR). Under the dainty banner of 'Parasol' – and, no it's not an umbrella group – experts advised the use of proteinuria as a further alternative endpoint for FSGS. Proteinuria is kidney proteins seeping into the urine, while eGFR is the rate at which the spuds can cleanse blood. If proteinuria is present and the eGFR is not up to scratch, they are sure signs the kidneys are not working as they should. Conversely, if a drug reduces proteinuria or the eGFR 'slope rate' – the rate of decline – it is accepted as being effective. Parasol promises faster Action Dubbed Action 3, the Dimerix trial involves two years' treatment, as measured against placebo. The study is due to complete in 2027 when the last patients have been treated. But Dimerix now is working with Parasol to establish the exact surrogate endpoints required to front the FDA for accelerated marketing approval. Expedited approval is as allowed for some orphan drugs, such as DMX-200. 'The full study is for two years and that doesn't change,' Webster says. 'Th question is whether we can get interim approval and go to market earlier.' One possibility is that proteinuria alone could be the accepted endpoint, given proteinuria and eGFR appear to point to the same thing. That is: deteriorating kidneys. Dr Webster says an accelerated endpoint must reasonably predict the outcome of the trial. 'The question is, what do we need to see at point X to prove the end at point Y? Parasol is working with us on that. 'We're collecting all of our data on eGFR and proteinuria anyway, so it gives us a lot of flexibility in the program.' (Other geographies such as Japan and Europe still require an eGFR endpoint). Surrogate change spurs others … The FDA's stance on surrogate endpoints could be a double-edged sword for Dimerix, as it also provides succour to potential rivals. In this vein, a drug called sparsentan (brand name Filspari ) won FDA approval for a kidney condition called IgA nephropathy. The drug failed its Phase III endpoint for eGFR. But now its owner Travere Therapeutics is having a crack at FDA marketing approval for FSGS using a proteinuria endpoint. The data from the supportive trial was unblinded, which means the study custodians can't change the endpoints retrospectively. 'But the FDA is in a hard spot with this one because is an area of such high unmet need,' Webster says. 'These patients currently have limited treatment options and Filspari looks like it is doing something for them. 'We are waiting with bated breath in the hope that Filspari is approved and gives hope to these patients.' Travere has licensed the European and local sparsentan rights to our own CSL (ASX:CSL). … but we're friends, not rivals Webster says rather than rivalling DMX-200, sparsentan could be used in unison. An angiotensin receptor, sparsentan targets high blood pressure – a key cause of kidney disease in the first place. (High blood pressure causes inflammation which causes scarring and cell death). Thus, sparsentan needs to be better than the current blood pressure medication. But DMX-200 works on the secondary inflammatory pathway, with the patients already on blood pressure meds. 'It's not apples for apples with study design, which is why we are compared against the placebo and not a comparator,' Webster says. In effect, DMX-200 faces a lower comparative hurdle. 'Our drug is complementary, not competitive,' Webster says. Data 'peek' hints at trial success While a trial result is never certain, Dimerix is confident it won't meet the fate of Opthea or Percheron Therapeutics (ASX:PER). (The latter's neurological disease trial also failed to meet primary endpoints). One reason is that the Action 3 trial already has been subject to a blinded interim analysis by an arm's length expert committee, which peeked at the data. 'Blinded' means that Dimerix, the trial investigators and the patients don't know the results. In March last year the 72-patient analysis reported that DMX-200 worked better than placebo. As per protocol, the experts did not disclose the extent of this efficacy. But it was enough for the company to know that it's on the right track. 'We just know at that point in time, we were doing better and that if we carry on that trajectory, we have a shot at the endpoint,' Webster says. 'That was a big moment for us, because we wanted to confirm something similar to our smaller phase II study in a larger cohort of patients.' FDA approval could come sooner rather than later Dimerix has received over $65 million of cash, courtesy of four distribution deals that may deliver up to $1.4 billion of milestone payments plus royalties. While a further capital raising is a case of 'never say never', it's unlikely. Naturally, most of the milestones are back ended to achievements such as phase III success and FDA approval. But with accelerated approval possible after the interim analysis, the latter might be sooner than investors think. Many drug developers view the Trump Ascendancy Mark Two with trepidation. In contrast, Webster notes Trump nominated kidney disease as a key health priority in his first stab at POTUS. The financial motive alone is compelling, in that dialysis costs the US health system around US$125 billion annually. 'We are in the sweet spot of being a rare disease (with pricing benefits) and having the potential to reduce US healthcare costs,' Webster says.

AU Financial Review
5 hours ago
- AU Financial Review
ASX to rise, Dow extends rally, Tesla slide stalls S&P 500
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