Biotechs Working on Potential Preventive Measures and Cancer Treatments

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NEW YORK, March 30, 2021 /PRNewswire/ -- Cancer research and development are a major part of the biotechnology industry, and there is always room for improvement and growth. Recently, biotech company Perimeter Medical Imaging Al (TSX-V:PINK) (OTCPK:PYNKF) revealed a revolutionary way for surgeons to be able to assess if a cancer has been fully removed, while still in the operating room. Syndax Pharmaceuticals (NASDAQ:SNDX), Nektar Therapeutics (NASDAQ:NKTR), Sellas Life Sciences Group (NASDAQ:SLS) and Celldex Therapeutics (NASDAQ:CLDX) are also leading companies with an exceptional background in cancer research and are working constantly to introduce their latest innovations in preventing and/or providing solutions for cancer immunotherapies.

Perimeter Medical Imaging (TSXV:PINK) (OTCPK:PYNKF), a biotech company that specializes in medical imaging and artificial intelligence, is dedicated to transforming the process of cancer surgeries by utilizing advanced, real-time, and ultra-high resolution imaging tools. The company is named after the service they aim to provide: a combination of medical imaging and artificial intelligence that examines the perimeter of the cancer tissue, which best identifies the margin of the removed cancer tissue and sees whether or not cancerous tissue may still be left behind. With evolutionary medical tools, Perimeter Medical hopes to address unmet medical needs and change the process of cancer treatments and prevent the resurfacing of such conditions. Perimeter is beginning with breast cancer, but hopes its technology will be of use for all kinds of different cancers in the future.

Jeremy Sobotta, CEO at Perimeter Medical, stated, "our novel technology is addressing an unmet need in breast cancer surgery. As we have heard from our clinician users, we believe our innovative OCT imaging system addresses an unmet need currently in the OR, and is ideally suited to help surgeons visualize the margins of an excised tissue specimen 'real-time' during a clinical procedure."

Perimeter Medical's latest technology, the Optical Coherence Tomography (OCT) system, can see 1-2mm below the surface of an excised tissue specimen. It has been reported that breast lumpectomy surgeries have a 25% chance for re-operation because the cancer does not get fully removed the first time. This takes a toll both on the patient and the health care system; however, the OCT tool is looking to become an important change to the way cancer operations are done. This tool has the potential to change the future of cancer treatments and reduce the likelihood of a second operation. Additionally, the OCT tool takes only 10 minutes to provide point-of-care to the patient, whereas, historically, standard assessment practices have taken 2 to 7 days. Perimeter Medical has future plans to expand this development but is currently focused on the US due to limited use of the OCT device.