Aditxt, Inc. (“Aditxt” or the “Company”) (NASDAQ: ADTX), an
innovation platform dedicated to discovering, developing, and
deploying promising health innovations, today announced that its
subsidiary, Pearsanta, Inc. (“Pearsanta”), appointed Christoper
Mitton as President.
Christopher Mitton brings over 20 years of leadership experience
in the medical diagnostics industry, with a strong focus on
personalized healthcare and molecular oncology diagnostics. He has
a proven track record in building and leading successful commercial
operations, underpinned by his deep expertise in product
commercialization, business development, and strategic sales and
marketing. Mr. Mitton continues to serve as Chief Executive Officer
of MDNA Life Sciences, Inc.; before this, he headed sales
operations at Cancer Genetics Inc., a commercial lab specializing
in oncology. He led the North American commercial expansion for
Ipsogen, a French molecular diagnostics company. Following
Ipsogen’s acquisition by Qiagen, he managed Qiagen's entire
personalized healthcare portfolio, driving significant advancements
in precision diagnostics. Earlier in his career, Mr. Mitton held
key sales positions with BioChem Immunosystems, Abbott Diagnostics,
and Bayer Healthcare. He earned his B.S. in Molecular Biology from
Florida A&M University.
Pearsanta, a majority owned Aditxt subsidiary, focuses on
precision health. It specializes in developing diagnostic tests
that address critical health challenges, particularly in cancer,
cardiology, immunology, gut health and chronic conditions.
Pearsanta’s proprietary platforms, Mitomic® Technology, and
AditxtScore™, are dedicated to early disease detection and
personalized treatment strategies. By advancing innovations in
diagnostic technologies, Pearsanta aims to empower patients and
healthcare providers to make more informed, personalized healthcare
decisions.
Pearsanta is at the forefront of transforming disease detection
and management through its innovative technologies. Central to this
effort is the proprietary Mitomic® Technology Platform, which
harnesses the unique properties of mitochondrial DNA (mtDNA) to
identify specific mutations linked to various diseases through
non-invasive, blood-based liquid biopsies. With its high mutation
rate and persistence in cells, mtDNA serves as a unique biosensor
suited for early disease detection, enabling the rapid and accurate
identification of disease-associated biomarkers. The Mitomic®
Technology Platform supports a robust biomarker portfolio that
addresses numerous high-priority health concerns, including
prostate, ovarian, and lung cancers and non-cancerous conditions
like endometriosis.
In addition, Pearsanta is advancing the AditxtScore™ Technology
Platform, which provides comprehensive immune system profiling.
This platform allows for the monitoring of immune responses to
various agents, including viruses, bacteria, and transplanted
organs, as well as responses to therapeutic interventions.
Together, these technologies position Pearsanta to transform the
diagnosis and management of diseases, set new standards in
precision healthcare, and significantly improve patient outcomes
across a broad spectrum of medical conditions.
Under Christopher Mitton’s leadership, Pearsanta will prepare
for its strategic commercial rollout. Pearsanta is seeking to
complete clinical validation studies for its Mitomic® Endometriosis
Test (MET™) and Mitomic® Prostate Test (MPT™), with a commercial
launch planned as laboratory developed tests (LDTs) validated in
Pearsanta’s CLIA CAP-certified lab in Richmond, VA, and an ISO
15189 UKAS-accredited lab in the UK. Additionally, Pearsanta is
seeking to finalize the validation study for the Mitomic® Ovarian
Test (MOT™) for ovarian cancer.
Pearsanta’s go-to-market strategy will seek to leverage existing
partnerships and capitalize on internal synergies within the Aditxt
platform to drive revenue potential and accelerate test adoption.
Aditxt is seeking to position Pearsanta for global expansion, with
potential channel partners to launch Pearsanta’s products outside
the U.S. Pearsanta will also utilize its established sales channels
to support the launch of its endometriosis test and other products
in the pipeline in the U.S.
Pearsanta envisions a seismic shift in the global landscape of
disease detection and diagnosis underpinned by advancements in
precision medicine, including liquid biopsy technologies. As
highlighted by Fortune Business Inside, the liquid biopsy sector is
poised for exponential growth and is expected to surge from $8.01
billion in 2023 to $34.71 billion by 2030. The World Health
Organization (WHO) emphasizes the significant prevalence of
endometriosis, impacting roughly 1 in 10 women of reproductive age
worldwide. The significant prevalence of endometriosis and ovarian
cancer, affecting women globally, underscores the far-reaching
potential implications and the need for advanced diagnostic
techniques. Furthermore, in 2023, the American Cancer Society
anticipates around 288,300 new cases of prostate cancer in the
United States alone. On a global scale, 2020 witnessed
approximately 1,414,259 new prostate cancer diagnoses. Pearsanta is
seeking to address a need for tests that can improve the
identification of clinically significant prostate cancer for men in
the prostate-specific antigen grey zone, which could enhance
decision-making regarding the need and frequency of biopsies.
"We believe that Pearsanta is at the forefront of personalized
health, developing diagnostic innovations that have the potential
to improve patient care significantly," said Christopher Mitton.
"I’m eager to step into this role and lead the talented teams at
Pearsanta as we work to redefine what's possible in precision
health and deliver transformative outcomes for our patients."
Amro Albanna, Co-Founder, Chairman, and CEO of Aditxt, "We are
thrilled to welcome Chris to Pearsanta at this pivotal moment. Our
mission at Aditxt is to build and accelerate companies focusing on
innovative health solutions that tackle some of the most critical
challenges in healthcare. We believe that Chris’s leadership will
be key as we seek to drive the commercial success of Pearsanta,
advancing breakthrough innovations and creating value for all
stakeholders. We feel strongly that his personalized healthcare and
commercial strategy expertise make him the ideal leader to guide
Pearsanta's next growth phase as we accelerate our precision health
initiatives."
Aditxt currently operates two programs focused on immune health
and precision health. Following the completion of the Appili
Therapeutics Inc. (TSX: APLI; OTCPink: APLIF) and Evofem
Biosciences, Inc. (OTCQB: EVFM) transactions, Aditxt will introduce
two additional programs dedicated to public health and women's
health. Each program is designed to function autonomously while
collectively advancing Aditxt’s mission of discovering, developing,
and deploying innovative health solutions to tackle some of the
most urgent health challenges. The closing of each of these
transactions is subject to several conditions, including but not
limited to approval of the transactions by the respective target
shareholders and Aditxt raising sufficient capital to fund its
obligations at closing. No assurance can be provided that all of
the conditions to closing will be obtained or satisfied or that
either of the transactions will ultimately close.
About Aditxt, Inc.
Aditxt, Inc.® is an innovation platform dedicated to
discovering, developing, and deploying promising health
innovations. Aditxt’s ecosystem of research institutions, industry
partners, and shareholders collaboratively drives their mission to
“Make Promising Innovations Possible Together.” The innovation
platform is the cornerstone of Aditxt’s strategy, where multiple
disciplines drive disruptive growth and address significant
societal challenges. Aditxt operates a unique model that
democratizes innovation, ensures every stakeholder’s voice is heard
and valued and empowers collective progress.
Aditxt has a diverse innovation portfolio, including Adimune™,
Inc., which is leading the charge in developing a novel class of
therapeutics for retraining the immune system to combat organ
rejection, autoimmunity, and allergies. Adivir™, Inc. focuses on
enhancing national and population health and impacting public
health globally. Pearsanta™, Inc., delivers rapid, personalized,
and high-quality lab testing accessible anytime, anywhere, led by
its CLIA-certified and CAP-accredited clinical laboratory based in
Richmond, VA.
For more information, visit http://www.aditxt.com/.
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Forward-Looking Statements
Certain statements in this press release constitute
“forward-looking statements” within the meaning of federal
securities laws. Forward-looking statements include statements
regarding the Company’s intentions, beliefs, projections, outlook,
analyses or current expectations concerning, among other things,
the Company’s ongoing and planned product and business development;
the Company’s ability to finance and execute on its strategic
M&A initiatives; the Company’s ability to obtain the necessary
funding and partners to commence clinical trials and clinical
validation studies; the Company’s intellectual property position;
the Company’s ability to develop commercial functions; expectations
regarding product launch and revenue; the Company’s results of
operations, cash needs, spending, financial condition, liquidity,
prospects, growth and strategies; the Company’s ability to raise
additional capital; the industry in which the Company operates; and
the trends that may affect the industry or the Company.
Forward-looking statements are not guarantees of future performance
and actual results may differ materially from those indicated by
these forward-looking statements as a result of various important
factors, as well as market and other conditions and those risks
more fully discussed in the section titled “Risk Factors” in the
Aditxt’s most recent Annual Report on Form 10-K, as well as
discussions of potential risks, uncertainties, and other important
factors in the Company’s other filings with the Securities and
Exchange Commission. All such statements speak only as of the date
made, and the Company undertakes no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events, or otherwise, except as required by
law.
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Mary O’ Brien mobrien@aditxt.com (516) 753-9933
Aditxt (NASDAQ:ADTX)
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