NovAccess Global Partners with CKN Ventures to Expand its New AI-driven Precision Medicine Division

CLEVELAND, OH and BANGKOK, THAILAND / ACCESSWIRE / June 16, 2023 / NovAccess Global Inc. (OTCQB:XSNX), a biomedical company developing novel immunotherapies for brain tumor patients, today announced a partnership with Thailand-based CKN Ventures Limited, a multifaceted clinical and commercial healthcare platform, to expand clinical data set access in Southeast Asia to enhance and accelerate personalized therapeutics and treatment protocols. This partnership supports NovAccess Global's new Precision Medicine Division, launched earlier this month, to develop the most comprehensive collection of personalized therapeutics and treatment protocols using artificial intelligence (AI), Big Data and Predictive technologies.

Using advances in AI, image recognition and predictive data science, NovAccess Global and CKN Ventures will collaborate to expand access to relevant data sources in Asia that will improve the quality and impact of licensed databases to identify patient data (phenotypic, clinical, and genomic) for analysis relating to therapeutic drug development and therapeutic treatment purposes. Therapeutic and treatment protocol data will be marketed to external pharmaceutical and biotechnology companies, private payers, national/international health agencies and healthcare providers and insurers.

According to Market.us, the global precision medicine market size was $83.4 billion in 2022 and is projected to reach $254 billion by 2032, exhibiting a compounded annual growth rate of 12.1% in the forecast period (2023-2032). Asia is the fastest growing market in the world for the delivery of innovative care in oncology and immune oncology therapeutics, all of which depend upon management of robust, high-quality data sets to discover new treatment pathways.

Commenting on the latest development to expand the Company's new Precision Medicine Division, NovAccess Global's Chief Executive Officer Dr. Dwain K. Irvin said, "We are very excited to publicly announce our partnership with CKN Venture Limited's world-class team of physicians and data scientists to expand access to critical data streams in Asia to better serve patients facing cancer and other diseases, globally. As part of the initial contributions from CKN, we expect to accelerate and expand our collection of patient data primarily through their glioblastoma database from multiple southeast Asian countries. Furthermore, CKN offers a wide variety of other support services and collaborative opportunities through their basic science and clinical laboratories. Together, we will also have opportunities to bring our technology to Asia and collaborate and develop novel therapeutics and diagnostics."