Israeli prenatal screening firm lists on Australian exchange

Summarised from 2 outlets · Updated 13 Oct, 05:02 · Archive

Identifai Genetics, an Israeli company developing an AI-powered prenatal blood test, has listed on Australia's stock exchange with shares up 20 per cent on debut.

Identifai Genetics, an Israeli company developing an artificial intelligence-powered prenatal screening test, has successfully listed on Australia's stock exchange. Shares opened at 24 cents on Tuesday afternoon, up 20 per cent from the 20-cent initial public offering price, giving the company a market cap of $21.8 million. Chief executive Eyal Miller said the market's response had been gratifying.

The $10 million raised in the IPO will fund development of the Windrose test, a blood test for pregnant women at least nine weeks along. The test uses genomic sequencing and AI to analyse cell-free DNA from the mother and foetus to predict selected inherited conditions. According to Identifai, nearly 300 genes are relevant to prenatal diagnosis and 54 genetic conditions are treatable in the womb.

Miller said the test can examine the entire genome, unlike existing non-invasive prenatal tests (NIPT) available since 2011, which screen only for Down syndrome and a few other conditions. The Windrose test is based on work by Tel Aviv University scientists Professor Noam Shomron and Dr Tom Rabinowitz. The company is currently validating the test through a 600-patient clinical trial.

How it is being reported

• Prenatal screening company makes strong debut on ASXIndentifai Genetics, an Israeli company seeking to commercialise an AI-powered prenatal test, has successfully listed on Australia's stock exchange.Perth Now · 13 Oct, 04:49
• Prenatal screening company makes strong debut on ASXIndentifai Genetics, an Israeli company seeking to commercialise an AI-powered prenatal test, has successfully listed on Australia's stock exchange.The West Australian · 13 Oct, 04:49

In this story: Identifai Genetics · Australia · Eyal Miller · Noam Shomron · Tom Rabinowitz · Tel Aviv University

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