Photonamic GmbH & Co. KG (Head office: Pinneberg, Germany; CEO: Ulrich Kosciessa, Ph.D.) (“photonamic”), a subsidiary of SBI Holdings, Inc. (Head office: Minato-ku,Tokyo; Representative Director, President and CEO: Yoshitaka Kitao) is engaged in the business of pharmaceutical development of 5-aminolevulinic acid (“5-ALA”) (*) hereby announces the acquisition of the Oncology Business of MolecuLight Inc. (Head office: Toronto, Canada; CEO: Anil Amlani) (“MolecuLight”), through its newly formed subsidiary, SBI ALApharma Canada.
MolecuLight is a leader in the wound care field with their novel MolecuLight i:X® point-of-care fluorescence imaging device for chronic wounds, which has also undergone successful research in Oncology. Photonamic and MolecuLight have been collaborating for a number of years in the Oncology market, combining MolecuLight´s fluorescence detection technology with photonamic´s 5-ALA agent.
MolecuLight´s fluorescent imaging platform for Oncology called “Eagle®” supports surgeons in tumor resection after 5-ALA had been administered to patients. 5-ALA, manufactured by photonamic, is accumulated exclusively in tumor cells and is metabolized to Protoporphorine IX (PP IX) which, under blue light (400 nm), emits pink fluorescence. This fluorescence-guided surgery (FGS) procedure combining both technologies has already been tested in clinical settings for breast cancer surgery by MolecuLight and photonamic in collaboration with University Health Network (UHN), one of the largest healthcare research institutes in North America