On 21 July 2022, INOVIQ announced that it had engaged Percorso Life Sciences to provide US-based contract sales and logistics services for its products. The first EXO-NET sales campaign was implemented in the USA in the December quarter, targeting academic scientists involved in extracellular vesicle (EV) research. The campaign generated strong interest from academic researchers, multiple evaluations and initial collaborations using EXO-NET for multiple EV-based applications. During the year, INOVIQ engaged with researchers in Academia and Industry to promote awareness about EXO-NET, its benefits and applications for exosome isolation, biomarker discovery and diagnostic development. INOVIQ attended multiple scientific conferences and trade events to showcase the speed, efficiency and reproducibility of using EXO-NET for exosome isolation from various biofluids including plasma, saliva and cell culture media. Samples of EXONET were provided to various researchers for evaluation in their research projects. INOVIQ received its first orders for EXO-NET and established its first contract research agreement during the financial year. The Company also progressed discussions with industry participants regarding use of EXO-NET for enabling clinical trial assay and companion diagnostic applications for treatment selection and monitoring treatment response. On 19 April 2023, INOVIQ announced that it would present new data, further confirming the effectiveness of its proprietary exosome isolation technology, EXO-NET, at the Annual Meeting of the International Society for Extracellular Vesicles (ISEV) in Seattle, USA from 17-21 May 2023. ISEV’s Annual Meeting is the leading global exosome scientific conference providing a key forum for INOVIQ to showcase these important advances to key opinion leaders in the extracellular vesicle field worldwide. The new data, released on 19 May 2023, further support application of INOVIQ’s EXO-NET technology in the isolation of exosome-based biomarkers for use in development of earlier and more accurate diagnostic tests for oncology and other diseases. The oral presentation and five poster presentations were delivered by INOVIQ and its collaborators, including the University of Queensland and Johns Hopkins University, and highlighted the broad utility of EXO-NET for fast and efficient exosome isolation and biomarker discovery across multiple biofluids including plasma, serum, saliva and cell culture media. Post year end (6 July 2023), INOVIQ announced that it had signed a global joint marketing agreement with Promega Corporation, a global leader in innovative technologies, tools and technical support to the life sciences industry. The agreement to co-market INOVIQ’s EXO-NET exosome capture technology and Promega Nucleic Acid purification systems worldwide will offer world-class exosome solutions for manual and high throughput exosome isolation and nucleic acid extraction to researchers and industry for exosome-based biomarker discovery and diagnostics development. Under the agreement, global customers will be offered a wide range of Promega manual and automated nucleic acid extraction reagents and instruments combined with INOVIQ’s EXO-NET exosome capture tools to enable their exosome isolation, biomarker discovery and diagnostics research. Furthermore, INOVIQ and Promega anticipate expanding the agreement to cover a range of exosome solutions for exosome isolation, characterisation and analysis kits, and instruments. hTERT ICC test The hTERT test is an immunocytochemistry (ICC) assay registered for the detection of human telomerase reverse transcriptase (hTERT) in cytopathology samples. It is used as an adjunct to urine cytology to help resolve indeterminate cytology results and identify patients with increased risk of bladder cancer. Review of Operations 12 INOVIQ Limited
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