CACLP - The largest IVD Expo & Conference

DELFI Diagnostics Announces Equity Investment from the Merck Global Health Innovation Fund to Accelerate DELFI's Cancer Screening AI Fragmentomics Platform

Industry news | 07 June, 2024 | CACLP

Original from: PR Newswire

 

DELFI Diagnostics, Inc., a developer of accessible blood-based tests that deliver a new way to enhance cancer detection, today announced an equity investment by the Merck Global Health Innovation Fund (GHIF), the corporate venture capital arm of Merck & Co., Inc, known as MSD outside the United States and Canada. The capital will accelerate and expand DELFI's development and commercialization of its cancer detection solutions. DELFI's fragmentomics technology applies artificial intelligence (AI) to whole-genome sequencing data to compare an individual's cell-free DNA (cfDNA) patterns and characteristics against populations with and without cancer.​

 

The investment is expected to yield a range of innovative approaches to address the gaps in detection and monitoring treatment efficacy for millions of patients facing cancer now and in the years ahead.

 

"We are thrilled to enter this strategic agreement with the Merck Global Health Innovation Fund," said Susan Tousi, DELFI's Chief Executive Officer. "This investment will help propel our fragmentomics and AI technologies, with the potential to make a meaningful population-scale difference in detecting cancer early with high precision at a disruptive price."

 

"Early detection is key to improving outcomes for people with cancer," said David M. Rubin, Ph.D., Managing Director at Merck Global Health Innovation Fund. "We look forward to working with the DELFI leadership to build on the achievements to date and further expand lung cancer screening access."

 

DELFI has commercialized the FirstLook Lung test, which evaluates patterns of DNA fragments in the blood that reveal the presence of lung cancer. In an independent validation, FirstLook Lung was shown to have 80% sensitivity in a screening population, including reliable detection of the earliest stages of the disease. The test also demonstrated a negative predictive value (NPV) of 99.8% – a measure of how unlikely low-dose CT scans will detect lung cancer if the FirstLook Lung test returns a 'Not Elevated' result. 

Source: DELFI Diagnostics Announces Equity Investment from the Merck Global Health Innovation Fund to Accelerate DELFI's Cancer Screening AI Fragmentomics Platform

 

Press contact CACLP - The largest IVD Expo & Conference

Stay in touch with CACLP News

We deliver the latest IVD news straight to your inbox. Stay in touch with CACLP News, sign-up for our newsletter today.

  • Name *
  • Email *
  • Company name *
  • Country *
    CACLP - The largest IVD Expo & Conference

By subscribing our newsletter, you agree to our Privacy Policy. You can unsubscribe at anytime.

Share
Opening Countdown
0 0 0

Day(s)

0 0

Hour(s)

0 0

Min(s)

Room 2201-2203 & 2205, Cloud Nine Plaza
1118 West Yan’an Road
Shanghai, China
200052

Copyright © 2024 GL events Ruihe (Shanghai) Exhibition Co., Ltd. All Rights Reserved. ( 沪ICP备12004745号-1 )

We use cookies to help provide you with the best possible online experience. Please read our Privacy Policy & Cookies for information about which cookies we use and what information we collect on our site. By continuing to use this site, you agree that we may store and access cookies on your device.

CACLP - The largest IVD Expo & Conference