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Alpenglow Biosciences and Partners Secure a Total of $24M for Development of Alpenglow’s 3D Spatial Pathology Platform

Alpenglow Biosciences and Partners Secure a Total of $24M for Development of Alpenglow’s 3D Spatial Pathology Platform

August 15, 2024 Craig Etkin

August 15, 2024 04:00 AM Pacific Daylight Time

SEATTLE–(BUSINESS WIRE)–Alpenglow Biosciences, a leading 3D spatial biology company, was recently awarded contracts from Advanced Research Projects Agency for Health (ARPA-H) and the National Institutes of Health (NIH) and secured additional investment to further its clinical product development.

“at Alpenglow we envision moving beyond a single slide to the whole tissue, unlocking all of the crucial information in tissue samples to usher in a 3D AI-driven future.”

ARPA-H Precision Surgical Interventions contract

ARPA-H has awarded Jonathan T.C. Liu, Ph.D., University of Washington Professor and Scientific Co-Founder of Alpenglow Biosciences, a groundbreaking contract to develop a platform technology for precision tumor removal. The five-year ARPA-H contract (up to $21M) is part of the Cancer Moonshot initiative spearheaded by the Biden administration. Alpenglow, alongside elite academic medical centers, is set to transform the fight against cancer with its innovative AI-driven 3D Spatial Biology platform.

Alpenglow will be partnering with the Liu Biophotonics Lab at University of Washington, the Mahmood AI Lab at Harvard & Mass General Brigham, and Vanderbilt University Medical Center to develop a breakthrough technology for surgical oncology. The platform aims to provide near real-time, high-resolution 3D imaging to identify tumor margins with unprecedented accuracy. This revolutionary approach promises to minimize the need for repeat procedures and markedly improve patient outcomes. The contract also includes support for Food and Drug Administration (FDA) regulatory strategy and reimbursement through the Project Accelerator Transition Innovation Office (PATIO) program.

NIH SBIR Phase II contract

The NIH has awarded Alpenglow a $2M Phase II Small Business Innovation Research (SBIR) contract to further its development of prostate cancer diagnostics in collaboration with CorePlus, a leading digital pathology laboratory based in Puerto Rico. As part of the contract, Alpenglow will develop 3D pathology AI tests using prostate core biopsies. These diagnostic tests will meet an urgent clinical need by providing clinicians with more accurate prognostic and predictive information to guide the care of prostate cancer patients, a disease affecting 200,000 Americans each year.

The tests will leverage Alpenglow’s unique 3D microscopy data, which offers superior predictive power compared to slide-based digital pathology or sequencing assays. In combination with cutting edge AI algorithms, these 3D pathology assays will give clinicians a highly effective tool to guide treatment of prostate cancer patients.

Investing in the Alpenglow Aurora™ difference

On top of these contracts, Alpenglow received $1M in additional investment led by Dynamk Capital and Paul McEwan to further develop its Aurora™ platform for tissue-to-insights solutions leveraging 3D spatial biology. Dr. Nicholas Reder, CEO and Co-Founder, said, “The Alpenglow Aurora™ platform is a paradigm shift. Its rapid imaging and AI-driven analysis are poised to redefine predictive diagnostics and intraoperative care, cementing our position at the vanguard of disruptive technology in pathology.”

Steve Pemberton, Senior Vice President of Commercial Development, added, “We’re taking pathology from the microscope slide to the digital age. Our platform’s 3D, digital, and AI-enhanced capabilities will usher in a new era in clinical assessment of tissue.”

This investment will accelerate Alpenglow’s current success in 3D tissue assessment with the 3D Derm Score™ and 3D Immuno-Oncology (I-O) Score™. Both products are currently available for research use only and are available for use in clinical trials to accelerate drug development for biopharma customers. Earlier this year, Alpenglow announced a $50,000 research grant to identify novel applications for its 3D I-O Score and received dozens of applications from leading research groups around the world.

A key inflection point for Alpenglow Biosciences

Alpenglow Biosciences, established in 2018 and bolstered by a decade of pioneering academic research in the Liu Lab, is leading a 3D revolution in pathology. “Others see the challenge in pathology as digitizing glass slides,” Dr. Reder remarked, “at Alpenglow we envision moving beyond a single slide to the whole tissue, unlocking all of the crucial information in tissue samples to usher in a 3D AI-driven future.”

The new funds from ARPA-H, NIH, and investors underscores the federal government’s confidence in Alpenglow Biosciences to commercialize its promising 3D pathology platform from a biopharma research technology to high impact clinical assays. The future of pathology is 3D, and with these funds, a revolution in the way we understand biology and treat disease is accelerating even faster.

To learn how 3D spatial biology can change the way you understand pathology, contact us today.

About Alpenglow Biosciences:

Alpenglow Biosciences, a leader in 3D Spatial Biology, is on a mission to elevate the standard of care with its Aurora™ platform. By integrating non-destructive 3D imaging and AI, Alpenglow is not just on the cutting edge—it’s creating it. With the goal of improving the lives for millions of patients, Alpenglow is the company to watch for elevating pathology to new heights. See what you’ve been missing at alpenglowbiosciences.com.

Contacts

media@alpenglowbiosciences.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Alpenglow Biosciences, Business Wire, Seattle, Venture Capital, Washington

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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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