Our vision is to give everyone diagnosed with cancer,
their best chance to become cancer free.
Our mission is to allow no tumour to go undetected, transforming cancer outcomes through precision surgery, imaging and therapy.
Our History
We all know someone – a friend or a family member – who is facing a cancer diagnosis. Also, collectively, we have witnessed too many people close to us find hope that they are cancer free, only to be told later that ‘the cancer is back’.
We believe that by bringing together world-class expertise in chemistry, bioengineering and medicine, we can identify solutions that will transform the staging and treatment of early stage cancers. Ensuring that no cancer goes undetected has the potential to allow surgeons, oncologists and pathologists to maximise the use of their skills, support less-invasive procedures, and improve outcomes for patients.
1997 - CSIRO develops new polymerisation method
CSIRO developed a new polymerisation method called reversible addition−fragmentation chain-transfer (RAFT), which provided more controlled polymerisation than prior methods. The methods were initially applied in the paint industry.
1999 - University of Sydney RAFT polymerisation invented
Assoc Prof Brian Hawkett at the Key Centre for Polymer Colloids (KCPC) at the University of Sydney commenced researching RAFT polymerisation in aqueous disperse systems.
2003 - University of Sydney RAFT polymerisation medical research
Assoc Prof Brian Hawkett and the KCPC at the University of Sydney began applying RAFT methods to synthesis of block copolymers to optimise the stabilisation of aqueous ferrofluids and magnetic nanoparticles for use in medicine.
2009 - University of Sydney RAFT patent
Assoc Prof Brian Hawkett and the KCPC filed and were granted a key patent for administrable compositions using block copolymers as part of a system for stabilising particulate material in pharmacologically acceptable liquid carriers.
2011 - UniSA & Royal Adelaide Hospital esophageal cancer collaboration
Assoc Prof Sarah Thompson at the Royal Adelaide Hospital and Professor Benjamin Thierry from University of South Australia, with funding from the New South Wales Cancer Council, began collaborating on tracers for improving high-risk lymph node identification in esophageal cancer.
2016 - Ferronova incorporated
Ferronova is incorporated as a spin out company from University of South Australia and Victoria University in New Zealand, with seed investment provided by Powerhouse Ventures.
2016-2020 - Preclinical validation studies
Ferronova completed a series of preclinical validation studies, including large animal feasibility and optimisation studies and toxicity studies.
2017 - University of Sydney collaboration
Ferronova and the University of Sydney began a collaboration to apply the University of Sydney block copolymer technology to Ferronova's magnetic nanoparticles, signing a licensing agreement in 2019.
2020 - Series A Funding
Ferronova completed a $3.5m series A funding round led by Uniseed, with co-investment from Artesian, the South Australian Venture Capital Fund, PAN Ventures, and existing shareholders, and was granted a $826k.
2020 - Second generation FerroTrace®-FAPI program
Ferronova and the University of South Australia commenced a 2nd generation development program on an iron-oxide nanoparticle formulation for more accurate mapping of primary tumours to improve image guided treatments, comparing PSMA and FAPI targeting in prostate cancer.
2020-2022 - First in Human Trial
Completed a 15 patient first in-human trial in oral cancer at the Royal Adelaide Hospital.
2021-PRESENT - BMTH Grant and Colorectal Cancer Trial
BioMedTech Horizons (BMTH) grant from MTP Connect to fund a colorectal cancer trial in partnership with the Ingham Institute for Applied Medical Research. The trial commenced in 2022 and is in progress.
2022 - Renew Pharmaceuticals Agreement
Ferronova signed an agreement with Renew Pharmaceuticals to develop and distribute their infrared dye, Verdye (ICG), for use in conjunction with FerroTrace® in complex gastrointestinal cancers.
2023 - Series A2 Funding and Grants
Completed an $8m Series A2 funding round led by Renew Pharmaceuticals, a global leader in infrared surgical dyes. Secured a CRC-P grant of $3m to further develop FerroTrace-FAPI and fund the remainder of the preclinical feasibility and toxicity program and a first-in-human trial at the Royal Adelaide Hospital. Industry partner on UniSA grants for FerroTrace®-FAPI to test in pancreatic cancer.
2023 - FAPI Licensing Agreement with Purdue
Signed a licensing agreement with Purdue for Purdue's novel FAPI ligand for application in MRI imaging and MRI guided therapies.
The people leading the future
of cancer diagnosis
Stewart Bartlett
CEO
Board Member
Dr Anil Shetty
CMO
Team Member
Dr Aidan Cousins
Senior Research & Development Engineer
Team Member
Prof Benjamin Thierry
Scientific Advisor/Founder
Scientific Advisor
Prof Richard Tilley
Scientific Advisor
Scientific Advisor
A/Prof Brian Hawkett
Scientific Advisor
Scientific Advisor
Dr Melanie Nelson
Research & Development Manager
Team Member
Joe El-Aklouk
Director – Product Management
Team Member
Leticia Cubero Dominguez
QA & Regulatory Manager
Team Member
Belinda Button
Finance Manager
Team Member
Selina Chang
R&D Chemical Engineer
Team Member
Ahmed Bilasy
Quality Associate
Team Member
Dr Valentina Milanova
Research Associate
Team Member
Dr Vien Huynh
Senior Research Fellow
Team Member
Dr Nicole Dmochowska
Research Associate
Team Member
Dr John Parker
Chair Of The Board
Board Member
Tamara Mills
Independent Director
Board Member
Declan Cassells
Shareholder Director
Board Member
Liza Yeo
Shareholder Director
Board Member
A/Prof Craig Lynch
Clinical Advisor
Clinical Advisor
A/Prof Sarah Thompson
Upper Gastrointestinal Surgeon
Clinical Advisor
Dr Andrew Foreman
Clinical Advisor
Clinical Advisor
Dr Giri Krishnan
Clinical Advisor
Clinical Advisor
Dr Nynke van den Berg
Scientific Advisor
Scientific Advisor
Allison Rosen
Patient Advocate
Patient Advocate
Geoff Parnell
Patient Advocate
Patient Advocate
Stephanie Morris
Shareholder Director
Board Member
Transforming cancer outcomes through precision surgery, imaging and therapy