University of Colorado partners with MedTech entrepreneurs to form Preview Medical, Inc

Reviewed by Emily Henderson, B.Sc.Jun 15 2020

The University of Colorado Anschutz Medical Campus, led by CU Innovations, has partnered with serial MedTech entrepreneurs Jonathan Gasson and Sharon Lake to form PreView Medical, Inc. PreView's clinically proven technology focuses on the diagnosis and treatment optimization of prostate cancer. The company's ClariCore System utilizes a patented optical biopsy needle combining both the optical spectra of tissue and machine learning to assess the prostate for cancer in real-time - ultimately minimizing the need for traditional core biopsies. Additionally, the company is developing an algorithm to create a high-definition 3D map of prostate tumors to enable accurate targeted focal therapy to treat cancer lesions. Focal therapy significantly reduces morbidity when compared with the current standards of care of either removing or irradiating the entire prostate.

We are encouraged by the positive clinical trial work already completed. A study of over 200 patients at eight sites validated high algorithm accuracy. Launching PreView is a testament to the hard work already completed."

Steve VanNurden, Associate Vice-Chancellor, Biotechnology for CU Anschutz

The CU Anschutz Office of the Chancellor supported the launch of the company by providing $250,000 in seed funding.

The concept of combining optical spectroscopy with a biopsy needle for prostate cancer diagnosis was originally developed by Priya Werahera, Research Associate Professor; John Daily, Professor at CU-Boulder; and E. David Crawford, Professor at CU Anschutz. While located at the Fitzsimons Innovation Community, Amir Tehrani led the development efforts of the ClariCore System. First-in-Man studies were performed by Dr. Crawford, and this was followed by an FDA approved clinical trial. Dr. Neal Shore at Carolina Urologic Research Center, an investigator in the FDA trial, commented, "PreView Medical's disruptive technology could enhance cancer detection in a very efficient and office-based process. The ClariCore System will enable patient treatment in the ambulatory setting. The implications for improved tumor detection and avoidance of unnecessary biopsies will have attendant patient benefit and potential healthcare resource savings."

The company plans to raise a Series A financing round to further develop the technology and engage in FDA trials for device clearance.