Predictive
Oncology (NASDAQ: POAI), focused on applying artificial intelligence (“AI”)
to personalized medicine and drug discovery, today announced its entry into a
$15 million common stock purchase and registration rights agreement with Oasis
Capital, LLC, a Puerto Rico limited liability company. Under the agreement, upon
satisfaction of its conditions including the effectiveness of a resale
registration statement, which has occurred, Predictive Oncology has the right
to sell up to $15 million of its common stock to Oasis Capital over a 36-month
period. “With this equity line established, the financial road ahead for
Predictive Oncology has truly begun to smooth out,“ POAI CEO Dr. Carl Schwartz
said in the news release. “This equity line should eliminate the need to go to
the capital markets for operational financing for the foreseeable future.”
To view the full press release, visit http://ibn.fm/4wWmC
About Predictive Oncology Inc.
Predictive Oncology (NASDAQ: POAI) operates through five
segments (Domestic, International, Clinical, CRO and DCHIP), which contain four
subsidiaries; Helomics, TumorGenesis, Skyline Medical and Skyline Europe.
Helomics applies artificial intelligence to its rich data gathered from patient
tumors to both personalize cancer therapies for patients and drive the
development of new targeted therapies in collaborations with pharmaceutical
companies. Helomics’ CLIA-certified lab provides clinical testing that assists
oncologists in individualizing patient treatment decisions, by providing an
evidence-based roadmap for therapy. In addition to its proprietary precision
oncology platform, Helomics offers boutique CRO services that leverage its
TruTumor(TM), patient-derived tumor models coupled to a wide range of
multi-omics assays (genomics, proteomics and biochemical), and an AI-powered
proprietary bioinformatics platform (D- CHIP) to provide a tailored solution to
its clients’ specific needs. Predictive Oncology’s TumorGenesis subsidiary is
developing a new rapid approach to growing tumors in the laboratory, which
essentially “fools” cancer cells into thinking they are still growing inside a
patient. Its proprietary Oncology Discovery Technology Platform kits will
assist researchers and clinicians to identify which cancer cells bind to
specific biomarkers. Once the biomarkers are identified they can be used in
TumorGenesis’ Oncology Capture Technology Platforms which isolate and help
categorize an individual patient’s heterogeneous tumor samples to enable the
development of patient specific treatment options. Helomics and TumorGenesis
are focused on ovarian cancer. Predictive Oncology’s Skyline Medical division
markets its patented and FDA cleared STREAMWAY System, which automates the
collection, measurement and disposal of waste fluid, including blood, irrigation
fluid and others, within a medical facility, through both domestic and
international divisions. The company has achieved sales in five of the seven
continents through both direct sales and distributor partners. For more
information, please visit www.Predictive-Oncology.com.
NOTE TO INVESTORS: The latest news and updates
relating to POAI are available in the company’s newsroom at http://ibn.fm/POAI
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