|By Business Wire||
|January 13, 2014 12:13 PM EST||
Loxbridge Research (Loxbridge), a UK-based investment and project-management company, today announced that Freeno.me, a project focused on improving early cancer detection, co-innovated with Thiel Fellow Riley Ennis, has been named as one of five winners of the Verizon Powerful Answers Award in the Healthcare category. As part of the award Freeno.me receives $700K (£425K) which will serve as seed funding for the project and will be used for recruitment of staff and further development of the data analysis software platform.
Freeno.me focuses on enabling earlier cancer detection through development of a platform, which builds on emerging evidence of cell-free circulating DNA and its potential as a novel biomarker, to detect and monitor cancer at disease stages where clinical benefit can be gained. Combining proprietary software architecture being generated by Freeno.me with Loxbridge's experience in cell-free DNA, built through its founding of Premaitha Health – the UK-based prenatal diagnosis company also using cell-free DNA as a source biomarker – the project aims to make interpretable and actionable information based on cell-free DNA biomarkers available to researchers, clinicians and, eventually, patients.
There is potential for the technology to be used for treatment monitoring and new companion diagnostics, and being applied eventually through the use of cloud computing and mobile applications. Freeno.me is already in early discussions with interested pharmaceutical companies regarding the use of the platform to enhance clinical trials. Loxbridge has been actively collaborating on the project with Mr. Ennis, who was selected as one of the ‘20 under 20’ by Peter Thiel, the PayPal co-founder and early Facebook investor, for his Fellowship programme. The Fellowship aims to mentor and develop young entrepreneurs in building innovative scientific and technical projects, to create the defining companies of tomorrow.
The Verizon Powerful Answers Awards were held as an open-call competition for individuals and companies with the most innovative and empowering solutions, in the key areas of healthcare, education and sustainability. Over 1,300 ideas were submitted globally, and 10 finalists in each category were chosen to pitch their ideas to a panel of renowned judges for the opportunity to win up to $1 million (£600K). With Freeno.me, Loxbridge is the only UK-based winner. The Awards were presented by Verizon Chairman and CEO Lowell McAdam at the 2014 Consumer Electronics Show in Las Vegas, USA.
Dr Charles Roberts, CEO of Loxbridge and co-founder of Freeno.me, commented: "We are honored by Verizon's recognition of the Freeno.me technology and plan, and the benefits it may bring to patients through earlier diagnosis of life-threatening conditions in the future. We are grateful for Verizon's foresight, and the vision of CEO Lowell McAdam, who has driven these awards from the start and been extremely supportive to all of the winners. The Powerful Answers Awards offer exactly the sort of recognition, and vital source of seed funding, that can make or break an ambitious startup enterprise with a big mission during those fragile early days when securing venture investment is so challenging - and spur it on to success."
Notes to Editors
About Loxbridge www.loxbridgeresearch.com
Loxbridge Research LLP is a UK-based investment and project-management company founded in 2008 to create innovative life sciences technologies companies addressing massive global unmet needs. It sources innovation from academic institutions, existing companies and independent scientists - as well as a significant element of internal invention via its own team and extensive network of innovation-partners / key opinion leaders. The company is headquartered in the Royal Institution of Great Britain in Mayfair, London with activities (portfolio investments, labs, and academic partnerships) elsewhere in the UK and US.
About the Verizon Powerful Answers Awards http://www.verizon.com/powerfulanswers/
Aug. 31, 2016 05:15 PM EDT Reads: 260
Aug. 31, 2016 05:00 PM EDT Reads: 871
Aug. 31, 2016 04:45 PM EDT Reads: 3,838
Aug. 31, 2016 04:39 PM EDT Reads: 149
Aug. 31, 2016 04:15 PM EDT Reads: 973
Aug. 31, 2016 04:12 PM EDT Reads: 206
Aug. 31, 2016 04:00 PM EDT Reads: 1,123
Aug. 31, 2016 03:29 PM EDT Reads: 182
Aug. 31, 2016 03:15 PM EDT Reads: 310
Aug. 31, 2016 03:00 PM EDT Reads: 788
Aug. 31, 2016 02:30 PM EDT Reads: 2,098
Aug. 31, 2016 02:03 PM EDT Reads: 214
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 31, 2016 02:00 PM EDT Reads: 3,280
Aug. 31, 2016 12:26 PM EDT Reads: 173
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 31, 2016 11:15 AM EDT Reads: 926