Friday, December 20, 2024

Mesoblast gets FDA approval and shares are rocketing



What a great story of persistence, resilience , belief and success 


I look forward to follow this continuing narrative of yet another  Australian innovation!!


Mesoblast (ASX:MSB) has received approval from the US Food and Drug Administration (FDA) for Ryoncil (remestemcel-L), making it the first mesenchymal stromal cell (MSC) therapy to be approved in the United States for any indication.


Ryoncil is the only FDA-approved therapy for treating steroid-refractory acute graft-versus-host disease (SR-aGvHD) in children.


Peter Marks, director of the FDA’s Centre for Biologics Evaluation and Research, said the approval was a milestone in the use of innovative cell-based therapies to treat life-threatening diseases.


The disease


"Allogeneic stem cell transplant" involves a patient receiving stem cells from a donor. The procedure is used to treat blood cancers (like leukaemia), inherited blood disorders (like sickle cell disease), and immune system deficiencies.


However, such transplants carry a risk of graft-versus-host disease (GvHD), where the donor's immune cells attack the patient’s body. First-line treatment for GvHD is corticosteroids, which suppress the immune system.


Steroid-refractory (SR) GvHD occurs when a patient's GvHD does not improve, or in fact worsens, after three to seven days of high-dose corticosteroids.


Once GvHD becomes steroid-refractory, the condition becomes much harder to treat, and patients face a higher risk of death.


Enter Ryoncil


Ryoncil is a therapy using cells from bone marrow (mesenchymal stromal cells). It's typically administered via intravenous infusion. The MSCs modulate the immune system, inhibiting the activation of T-cells, a type of white blood cell that attacks infected and foreign cells. They also reduce the release of cytokines, which are small proteins that control inflammation.


This mechanism allows Ryoncil to target conditions linked to excessive immune responses, such as aGVHD.


Significant clinical results


The FDA’s approval follows a Phase 3 trial of paediatric patients with SR-aGvHD, of which 89% had severe Grade C or Grade D disease. The trial showed that 70% of patients achieved an overall response by Day 28 of treatment with Ryoncil, a rate that's predictive of survival in cases of aGVHD.


More than 85% of patients completed the full course of Ryoncil treatment without interruption, with no discontinuations due to laboratory abnormalities.


Transplant physician Dr Joanne Kurtzberg, Director of the Marcus Center for Cellular Cures at Duke University Medical Center, commented: “Steroid-refractory acute graft-versus-host disease is a devastating condition with an extremely poor prognosis. From today, we are able to offer Ryoncil, the first FDA-approved treatment which will be life-saving for so many children and will have a great impact on their families."


Commercial significance


The global graft-versus-host disease market has been valued at around US$3bn in 2024 and is projected to reach around US$10bn by 2031.


Chief Executive Dr Silviu Itescu commented: 


“With Ryoncil’s approval by the FDA, Mesoblast has demonstrated the ability to bring the first MSC product to market. We will continue to work closely with the FDA to obtain approval of our other late-stage products, including REVASCOR for cardiovascular diseases and rexlemestrocel-L for inflammatory pain indications.”


With approval secured, Ryoncil will be made available at US transplant centres and other treating hospitals.


Mesoblast also aims to expand Ryoncil’s use to address the adult GvHD market.


Shares in Mesoblast closed 54.04% higher at $3.05 yesterday.  



Friday, November 29, 2024

HCLTECH and BSI Learning forge a strategic partnership


An amazing milestone and alliance was forged today between HCLTECH and BSI Learning.

This has the opportunity to upskill and change lives for the better on so many levels . Improving students lives - giving them opportunities that they did not think possible .

Changing lives and creating generational legacies - one student at a time  

Excited to be part of  the #nexttechrevolution 

This comes a week after the announcement of 
#academyex taking a strategic stake in #bsilearning 

Ivan Kaye says that that these alliances will enable BSI  Learning to reach its full potential .

A classic win win win 




Thursday, November 28, 2024

Looking to leave corporate and join the land of the entrepreneur?



This is a gem that I got from Jerry Engel when I was fortunate to do an entrepreneurship course at HAAS business school in Berkeley 20 years ago

There are 3 things that will make your venture a success 


- you are  solving a real problem - not just by providing a vitamin - but by providing a painkiller 💊!

- your venture is  about serving others

- you know exactly why your solution stands out. You have a clear point of difference ! 



So, If you are looking to build a startup -   ask yourself these 3 questions—


1. What problem are you willing to spend your time solving?

2. Why does solving this problem matter to you personally?

3. Why can’t people live without your solution? Is it a painkiller, vitamin or just a placebo?


Action without vision and clarity  is chaos,.
Vision and clarity without action is hallucination
 Vision with Action is the magic formula!!!

Tuesday, November 26, 2024

academyEX acquired a strategic stake in BSI Learning


Ivan Kaye. “After 20 years of riding the wave of building  BSI Learning ….. it’s time to pass the baton on to academyEX. 
Very proud of what the team at BSI Learning and BSI Digital has built - led by Kala Philip, Simon Dewar and Dylan Chan - and look forward to great things happening from an amazing team”




Sunday, November 24, 2024

Business Rule #1




Great Insite from my friend Peter Knight 

Have something to sell….. that people actually want.
It’s no use having the best breakfast in the world if no one’s hungry!

Ask yourself, about the thing you sell, “Do people actually want this?”

Then, be smart with your marketing. 

- Find your target market.

- Promote it to them.

- And consistently deliver the best breakfast in the world!

Remember, you can only sell what people actually want.

(Not what you think they want).

#marketing #sales #business #businessopportunities #franchise #franchiseopportunities #thefranchiseaccountant

Saturday, November 23, 2024

VC backs cuttable with $5.5m based on people with deep experience who’ve done it before!




Cofounders Sam Kroonenburg, Jack White and Ed Ring have raised $5.5m for their AI-powered adtech startup Cuttable


Seed funding round led by Paul Bassat’s Square Peg and supported by Taryn Pieterse at Rampersand and other strategic angel investors .


Backing people with strong expertise who’ve done it before!

Sam Kroonenburg co-founded A Cloud Guru - an online learning business, and went on to sell it for more than $2 billion in 2021


Jack, Sam and Adam all have deep experience in tech and advertising  and a strong track record of creating cutting-edge solutions”.


Paul Bassett of Square Peg has  joined the board 


What Cuttable does

Cuttable is a “first-of-its-kind automated content agency” that aims to support marketers and agencies marry creative advertising with AI to create high-quality digital ads at scale.


Curable enables  the automation of the creative with AI  - enhancing creativity, optimising ad performance and streamlines the production process - enabling more messages, more personalisation and more targeting –

Customers 


Imagine having the ability to translate a marketing brief into a live ad within a few clicks!! 


Cuttable is already working with Woolworths-owned brand Catch.com.au, and OnePass, and counts the likes of Medibank, Nando’s, Penfolds, Powershop, and DiDi among its clients.


Star trek Comment by Kroonenburg

“It’s about doing what was once impossible, - creating a new frontier in advertising, where technology and creativity converge to deliver unparalleled results for marketers and agencies”.


Thanks Eloise Keating from Smartcompany for the heads up

https://www.smartcompany.com.au/startupsmart/news/sam-kroonenburg-a-cloud-guru-raises-5-5-million-ai-startup-cuttable/

Tuesday, November 19, 2024

From zero to $2.5 billion in 20 years.




It was 20 years ago when Luke Anear started SafetyCulture in his garage  in Townsville and is now stepping down as CEO as it looks to list, after raising $165m in September last year!


What Safetyculture does 


After numerous jobs Luke saw the l impact workplace incidents had on businesses and their employees, and built a simple checklist app for workplace inspections to help reduce hazards and accidents. 


SafetyCulture has since grown into an all-in-one workplace operations platform, serving nearly 2 million customers globally and targeting 100 million users by 2032. 


Its software is predominantly used by frontline workers across construction, manufacturing, hospitality and retail.


Luke will remain  SafetyCulture’s largest shareholder and owns just under a quarter of the company.


Luke’s huge shows will be filled by  Kelly Vohs, who will be based in the USA ahead of a listing! 


Support by the greats 

Canva co-founder Cliff Obrecht , Blackbird partner Rick Baker , Atlassian Scott Farquhar and Kell Reilly of Airtree are among Luke’s inner circle.


The Safety Culture Growth Path 


SafetyCulture has doubled in size in the last 2 years - having  85,000 businesses and close to 2 million users around the world using its platform!! Luke believes that Kelly has what it takes to get to 100m users 


Another game changer -  started in Australia 



See more https://bsivc.blogspot.com/2024/09/safetyculture-hits-home-run-with-airtree.html

Thursday, November 14, 2024

Mesoblast is looking to get FDA approval for Ryonci!





This is pretty exciting !! 
I have recently  invested in Mesoblast (AsX :MSB) - after listening to a great panel discussion with Sarah Murdoch and 3 panelists talking about how medicine is going to change over the next 5 years with the development and x fertilisation of stem, crispr and  AI .

This is what made me invest:- 

Cell therapy company Mesoblast (ASX:MSB) has entered into a convertible note subscription agreement with its largest shareholder, Gregory George, to issue up to US$50 million convertible notes at its discretion.


The issue of the convertible notes is linked to the US

FDA's approval of Mesoblast's lead product candidate, Ryonci (remestemcel-L), for the treatment of children with steroid-refractory acute graft versus host disease (SR-aGHD).


The company said the funding will enable it to implement its go-to-market commercial strategy.It said it expects a decision before or on the FDA's Prescription Drug User Fee Act goal date of 7 January, 2025.


Mesoblast chief executive Silviu Itescu said: "We appreciate the ongoing support from our major shareholder in ensuring that the Company is well capitalised for commercial product launch and can hit the ground running immediately following approval of RYONCIL by FDA."


Mesoblast chief executive Silviu Itescu said: "We appreciate the ongoing support from our major shareholder in ensuring that the Company is well capitalised for commercial product launch and can hit the ground running immediately following approval of RYONCIL by FDA."

Mesoblast said its go-to-market strategy includes hiring senior executives, market access, medical education, and ongoing engagement with key opinion leaders.




Monday, November 11, 2024

VCs don’t fund great ideas






Great post by Kayode Odeleye

This is something else I wish I knew when i started 

I hear founders say “we’ve validated the idea and built MVP, we just need money to scale”

Hmm… you’ll be waiting a long time 

VCs fund two things and two things only:

1️⃣ Pedigree: name recognition say by exiting a previous company or leadership team of big tech

2️⃣ Out of this world growth and traction. Ideally, combination of user growth and revenue 

Founders, what did you have to do to finance your scaling process?

Luvin the #referron journey 

Monday, October 21, 2024

A kinde of unicorn in the making!!


Ivan kaye and Tanya Rose Kaye - Chief of Staff at Kinde

Kind  is about being constantly curious, nimble, and experimental - and total focus on servicing both customers and all stakeholders - says Ross Chaldecott from Kinde !




So what does Kinde do? 🤔

Says Tanya Kaye 

We’re a developer tool, on a mission to make SaaS product development as seamless as possible.

SaaS products typically require:
-  authentication - a way for users to sign into their product
- user management - ability to assign roles within the product eg admin versus team member
- feature flagging - gating of features for users on various plans, and 
- billing - ability to charge users for their use of their product. 

Until now, every new SaaS company needs to buy or build their software infrastructure in a fragmented way - taking developer time and resources and resulting in a labyrinth of integrations under the hood.

We believe that software infrastructure underpinning every SaaS product should be seamlessly integrated together - to unlock the powerful analytics that become enabled when you bring these pieces together and to accelerate SaaS development.

Right now, we're providing authentication, as the first pillar of our software infrastructure platform. We have a way to go to achieve our broader product vision (it turns out that building beautiful, stable, secure infrastructure takes time 😜) but we are very excited.

#SaaS #DeveloperTools #authentication

Saturday, October 19, 2024

Celebrating Innovation: Congrats to The Australian's 2024 Top 100 Innovators


Congratulations to the brilliant minds behind The Australian's 2024 Top 100 Innovators. 

This year's list showcases an inspiring range of pioneers across medicine, healthcare, energy, technology, e-commerce, art, and more. 

Each of these leaders has pushed the boundaries of innovation, transforming industries and creating real impact in Australia and beyond.

From life-saving advancements in healthcare to groundbreaking developments in AI, energy sustainability, and digital technologies, these innovators represent the bold, ambitious spirit that drives progress. 

They are at the cutting edge of innovation   - solving complex challenges, improving lives, and shaping a better future for all of us.

A few notable mentions from this year’s list include:

  • Lydia O'Donnell and Esther Keown, co-founders of Femmi, have created the world’s first running app that tracks menstrual cycles and provides tailored training advice, transforming women's health in sports.
  • Farzaneh Ahmadi of Laronix, whose work in voice-cloning technology gives a voice back to those who have lost theirs.
  • Mark Waller and Jingjing Guo, co-founders of Pending AI, who are using AI to revolutionize drug discovery and development, significantly speeding up the process.
  • Bevan Slattery, founder of NEXTDC, a leader in the data center space, continues to drive digital infrastructure growth both in Australia and the Asia-Pacific region.

Celebrating Pioneers Across Industries -making waves in the tech and social impact spaces:

  • Michelle Deaker, founding partner of OneVentures, who has been instrumental in financing transformative healthcare and tech innovations, accelerating their growth and real-world impact.
  • Adam McCurdie and Joshua Ross, co-founders of Humanitix, a revolutionary event ticketing platform where 100% of profits go toward educational projects. Their social enterprise model is a shining example of how business can drive positive change in the world.
  • Michael Biercuk, founder of Q-CTRL, whose work in quantum computing is improving the stability and functionality of quantum technology. His AI software is helping industries like biotechnology, logistics, and cybersecurity harness the power of quantum.

To all 100 innovators, your work is inspiring the next generation of innovators  focussed on changing the world for the better. 

Thanks for inspiring and helping our world be  brighter, more sustainable, and more equitable for all

#innovation #leadership #technology #entrepreneurship #sustainability #top100innovators #theaustralian #healthcare #AI #startups #australiainnovation #OneVentures #Humanitix #QCTRL


Here is a categorized list of names and their companies from The Australian's 2024 Top 100 Innovators:


Medicine & Healthcare

  1. Lydia O’Donnell - Femmi
  2. Kavita Nadan - Locumate
  3. Farzaneh Ahmadi - Laronix
  4. John Fraser, Kristy Short, Arutha Kulasinghe - University of Queensland
  5. Mark Waller, Jingjing Guo - Pending AI
  6. Daniel Timms - BiVACOR
  7. Alison Todd, Elisa Mokany - SpeeDx
  8. Doug Ward - Lumos Diagnostics
  9. Hugh Paterson, Michael Vallely, Paul Bannon, Ashish Mitra - Sydney Heart Valve
  10. Grace Brown - Andromeda
  11. Hon Weng Chong - Cortical Labs
  12. Paul Ekert, Chelsea Mayoh - Children’s Cancer Institute
  13. Tom Oxley, Nicholas Opie - Synchronon
  14. Alex Naoumidis, Chris Naoumidis - Mindset Health
  15. Kai Van Lieshout, Linus Talacko - Lyrebird Health
  16. Aiden Roberts, Will Pamment - SimConverse
  17. David Hoey - Vaxxas
  18. Peter Vranes, Hitesh Mehta - Nutromics
  19. Santosh Verghese, Rhys Parker - SA Health
  20. Scott Kirkland, Stuart Crozier - EMVision


Art & Design

  1. Jeremiah Siemianow, Brandon Crimmins, Alan Jin - Surreal
  2. Ward Williams, Thananjeyan Shanmuganathan - Seminal
  3. James Cuda - Procreate


Energy

  1. William Jeremijenko, Ruby Jones - Aquila
  2. Daniel Danilatos - Neara
  3. Dean Spaccavento - Reposit Power
  4. Christiaan Jordaan, Drew Minett - Sicona
  5. Lewis Dunnigan - Bygen
  6. Chris King - Splend
  7. Raj Bagri - Kapture
  8. Lisa Marsh - Elumina
  9. Andrew Birch, Adam Pryor - OpenSolar
  10. Dan Adams, Chris Thompson - Amber Electric
  11. Paul Sernia, Sarbjit Giddey - Endua
  12. Bex Rempel, Neil Mans - ZeroJet
  13. Pete Tickler, Fabian Le Gay Brereton - GridCog


Fintech & Finance

  1. Ada Guan - Rich Data Co
  2. Michelle Deaker - OneVentures
  3. Spiro Rokos, Paul Weingarth - Slyp
  4. Alex Badran, Mario Hasanakos - Spriggy


Software & Tech

  1. Keaton Okkonen - Black.ai
  2. Todd Ryall - Tantsissa
  3. Geoff Sizer - Genesys Electronics Design
  4. Amy Benson - Diolog
  5. Marc Washbourne - ReadyTech
  6. Prem Naraindas - Katonic.ai
  7. Michelle Simmons - Silicon Quantum Computing
  8. Thom Mackey - Atticus
  9. Numa Bertron, Zac Duff - JigSpace
  10. Michael Biercuk - Q-CTRL
  11. Aengus Tran - Harrison.ai
  12. Dave Elkan, Nick Muldoon - Easy Agile
  13. Mark Hartmann - Snapi


Manufacturing

  1. Adam Jones - CLT Toolbox
  2. Eric Peck, Joshua Tepper - Swoop Aero
  3. Charlie McGill, Shaun Oosthuizen, Huanting Wang - ElectraLith
  4. Amanda Siqueira, Michelle Aguilar - VAPAR
  5. Bevan Slattery - NEXTDC
  6. Jekaterina Viktorova, Luke Connal - Syenta
  7. Dave Budge - Jaunt Motors
  8. Kyle Hardman, Christian Freier, Paul Wigley - Nomad Atomics
  9. Heba Khamis - Contactile


Retail & E-commerce

  1. Danielle Johansen - Threadicated
  2. Adam McCurdie, Joshua Ross - Humanitix
  3. Hannon Comazzetto - AirRobe
  4. Zac Leigh, Jason Webb, Denis Mysenko - Tixel


Space

  1. Chris Shaw - Advanced Navigation
  2. Peter Schultz, James Schultz, Patrick Neumann - Neumann Space
  3. Michael Smart, David Waterhouse - Hypersonix
  4. Matt Ryall, Dominik Daners - Mawson Rovers
  5. Will Crowe, Hiranya Jayakody - HEO Robotics


Cybersecurity

  1. Rachael Greaves, Gavin McKay - Castlepoint Systems
  2. Michelle Price - Consultant (formerly AustCyber)
  3. Ashwin Ram - Check Point Software
  4. Shantanu Kulkarni, Tim Thacker, Tony Mao - Nullify
  5. Dali Kaafar - Apate.ai
  6. Casey Ellis - Bugcrowd


Travel

  1. Justin Hales - Camplify
  2. Marlon Law, Nathan Sampimon - Riparide


Food & Agriculture

  1. Remo Carbone - MEQ Solutions
  2. Jan Pacas - All G Foods


Impact

  1. Barb Hyman - Sapia.ai
  2. Sarah Jones - Sydney School of Entrepreneurship
  3. Jodi Geddes, Kate Pollard - Circle In
  4. Colette Grgic - Amazon Web Services (AWS)