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Ferronova, Purdue Research Foundation sign licensing agreement for use of fibroblast activation protein inhibitor in MR scans

Press releases may be edited for formatting or style | August 23, 2023 MRI

Ferronova is collaborating with the University of South Australia and the University of Sydney on the development of FerroTrace® and the FAP inhibitor. The program is funded by a Cooperative Research Centres Project (CRC-P) grant with other partners including Siemens, The Australian Bragg Centre for Proton Therapy and Research, the South Australian Health and Medical Research Institute (SAHMRI) and the University of Sydney.

Glioblastoma is the most common and aggressive primary malignant tumour of the central nervous system, and the current standard of care comprises cytoreductive surgery followed by adjuvant chemoradiotherapy. However, despite aggressive chemoradiotherapy and maximum surgical resection, survival in patients with glioblastoma remains poor with a median overall survival of 13.5 months, and 5-year survival rates of only 5.8%.3

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“There is an urgent need for glioblastoma-specific agents to distinguish between glioblastoma and surrounding normal tissue,” noted Ferronova CEO, Stewart Bartlett. “We are hopeful that this collaboration will change that, and in future, have a positive impact on the management of patients with this tragic disease.”


About Ferronova
Ferronova is an Australian biotechnology company with a vision to give everyone diagnosed with cancer their best chance to become cancer free. Its shareholders include Renew Pharmaceuticals, Uniseed, Artesian Ventures, the South Australian Venture Capital Fund (SAVCF), Australian Unity, the University of South Australia, PAN Ventures, Powerhouse Ventures, the University of Wellington in New Zealand, and the University of Sydney. Grant assistance has been provided by the SA Government since 2016, the Federal Government’s BioMedTech Horizons Program operated by MTP Connect, and the Australian Government CRC-P program.


About Purdue Research Foundation
Purdue Research Foundation is a private, nonprofit foundation created to advance the mission of Purdue University. Established in 1930, the foundation accepts gifts; administers trusts; funds scholarships and grants; acquires and sells property; protects and licenses Purdue's intellectual property; and supports creating Purdue-connected startups on behalf of Purdue. The foundation operates Purdue Innovates which includes the Purdue Office of Technology Commercialization, Incubator, Startup Foundry and Ventures. The foundation manages the Purdue Research Park, Discovery Park District, Purdue Technology Centers and Purdue for Life Foundation.

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