ExThera Medical in Growth Mode after FDA Approval of Investigational Device Exemption

27 July 2023

ExThera Medical Corporation, creator of the Seraph® 100 Microbind® Affinity Blood Filter (Seraph 100), today announces the addition of Michael DiMeo as Chief Financial Officer. Michael brings a background in life science, including oncolytics and exosome diagnostics, with expertise in MedTech capital structuring. He will report to Robert Ward, Ph.D. (h)., NAE, the CEO & a founder of ExThera Medical.

“Michael’s experience in financial management and structuring of MedTech companies is exactly what ExThera needs to take us to the next level, both operationally and financially,” said Robert Ward. Additionally, “Michael brings additional sophistication necessary for large-scale transactions needed for growth and maturity of the company,” said Erin Borger, Director & ExThera Board Member.

In addition, ExThera Medical is pleased to announce a collaboration with Trusted Health Advisors for the creation of an exciting new oncology initiative to be led by three successful oncology veterans from the in vitro diagnostic and therapeutic space. The advising team for the new program within ExThera Medical includes:

  • Jay Wohlgemuth, M.D., former CMO of highly successful Quest Diagnostics, responsible for R&D, Medical Affairs, and Laboratory Quality.
  • Professor Frank Cockerill, M.D., former Chair of Department of Laboratory Medicine and Pathology Mayo Clinic, and President of Mayo Medical Laboratories. Dr. Cockerill is a global leader in diagnostic test development for infectious diseases.
  • Peter Kuhn, Ph.D., Professor of Biological Sciences and Professor of Medicine, Biomedical Engineering, Aerospace/Mechanical Engineering, and Urology. Dr. Kuhn has extensive experience developing cancer diagnostic products and is focused on therapeutic and diagnostic cancer care.

Earlier this month ExThera announced FDA approval of a recently submitted Investigational New Device (IDE) application for its OncoBind™ Procedure. As previously reported, two independent laboratories have confirmed the viability of efficient removal of circulating tumor cells from human blood with ExThera’s Seraph 100 pathogen binding technology.

In addition to much needed therapeutic treatment and prevention options in metastatic cancer, ExThera plans to aggressively pursue regulatory pathways for an extremely sensitive and specific diagnostic platform currently in development. To learn more and follow our OncoBind™ Procedure program, visit: http://www.extheramedical.com/oncobind.

 

Source: businesswire.com