Ph2 Manufacturing & Imaging Optimisation Activities Commence
Released
Released
Announcement PDF
Company Announcement
IMAGION BIOSYSTEMS LIMITED
ASX: IBX
8 September 2025
Phase 2 HER2 Clinical Trial Manufacturing Commenced, WSU
Imaging Optimisation Program Underway
Highlights:
Dr Nina Webster appointed as IBX Non-Executive Director, bringing significant clinical
development expertise and corporate experience to the IBX Board ahead of HER2
Breast cancer Phase 2 clinical trial, on schedule to commence by end of 2025
Major milestone met with the commencement of the MagSense® HER2 clinical supply
manufacturing for the Phase 2 clinical trial
IBX, Siemens and Wayne State University (WSU) artificial intelligence Imaging Protocol
Optimisation collaboration has commenced
Initial results from the WSU led AI Imaging Protocol collaboration anticipated to be
received during September 2025
The WSU collaboration bolsters the existing agreement the Company has with Siemens
Healthineers, the world’s leading manufacturer of MRI equipment
Ongoing engagement between FDA and IBX supports planned IND filing H2 2025
Funding secured through successful $3.5m fundraising led by CPS Capital in August
2025, settlement to complete late September following shareholder General Meeting
Imagion Biosystems (ASX: IBX) (Company or Imagion), a company dedicated to improving
healthcare outcomes through the early detection of cancer utilising its proprietary MagSense®
imaging technology, is pleased to provide shareholders with a progress update regarding the
Company’s business and MagSense® HER2 Breast Cancer diagnostic imaging program, supporting
the planned Phase 2 Clinical Trial expected to commence towards the end of 2025.
MagSense® HER2 Manufacturing Update – Major Milestone
A significant milestone has been achieved by the Company, with the commencement of
manufacturing of the MagSense® HER2 imaging agent by Imagion’s US based contract
manufacturer which is expected to be completed by end of September 2025. Analytical testing of
the drug product to support use in the planned Phase 2 clinical trial will be completed shortly
thereafter.
Imagion Biosystems Limited
ASX: IBX ACN 616 305 027
Suite 2, Level 11 385 Bourke Street Melbourne VIC 3000
http://www.imagionbiosystems.com/ | investor@imagionbio.com
Company Announcement
“Progress towards our IND submission and the Phase 2 clinical trial initiation remains our primary
focus,” said Bob Proulx, Imagion Executive Chairman. “Establishing the appropriate
manufacturing processes and analytical testing methods are critical in the product development
process. If not done correctly at this stage it can delay future trials and regulatory authorisation.
By developing robust manufacturing processes now, Imagion can ensure that the appropriate
methods are in place and avoid any future delays in the development program as we work towards
potential commercialisation.”
IND Update
The Company has continued its formal communications with the US Food and Drug Administration
(FDA) following on from the positive feedback in July 2025 regarding its plans to submit an
Investigation New Drug (IND) application. Preparation of the IND application is underway with
submission anticipated in Q4 2025, subject to completion of the analytical testing by the contract
manufacturer.
Dr Nina Webster – New Strategic Board Appointment
As announced on September 1, Dr Nina Webster has joined the IBX Board of Directors as a NonExecutive Director. Nina’s extensive experience in the Australian listed biotech space and
successful career in drug development and commercialisation will be a welcome addition to the
IBX leadership team as the Company continues to mature and develop the MagSense® technology.
Wayne State University Collaboration – Imaging Protocol Optimisation Commenced
As recently announced, the Company has entered into a collaborative service agreement with MRI
experts at Wayne State University (WSU) to develop optimised imaging protocols for use with the
MagSense® HER2 imaging agent. The Company is pleased to report that work on the project has
already begun and the outcomes are expected to be ready for inclusion in the Company’s IND
application.
With the support of Siemens Healthineers, under an existing collaboration agreement Imagion has
with the world leader in MRI systems, it is anticipated that the protocols now being developed by
WSU will be implemented at each of the clinical sites of the Phase 2 study. The quantitative
imaging techniques that have been pioneered by the researchers at WSU could significantly
improve the diagnostic utility of the Company’s molecular MRI technology and set the stage for
the development of AI diagnostic tools using the Phase 2 study data.
Authorisation & Additional Information
This announcement was authorised by the Board of Imagion Biosystems Limited.
ENDS
Imagion Biosystems Limited
ASX: IBX ACN 616 305 027
Suite 2, Level 11 385 Bourke Street Melbourne VIC 3000
http://www.imagionbiosystems.com/ | investor@imagionbio.com
Company Announcement
About Imagion Biosystems
Imagion Biosystems is developing a new non-radioactive and precision diagnostic molecular
imaging technology. Combining biotechnology and nanotechnology, the Company aims to detect
cancer and other diseases earlier and with higher specificity than is currently possible.
For more information, visit https://imagionbiosystems.com/investor-hub/
Media & Investor Relations:
Email: info@imagionbio.com
Phone: +61 3 9692 7222
About the MagSense® Imaging Agent Technology
MagSense® technology is a new class of MRI imaging agents that improves cancer detection compared to
conventional imaging technologies by adding molecular specificity without using radioactivity. MagSense®
agents will be the first imaging technology to use targeted magnetic nanoparticles to tag and detect cancers
allowing for visualisation using MRI. This new class of imaging agents does not use ionizing radiation or
radioactive tracers and improves how medical imaging can be used compared to conventional imaging
methods which only identify a region of interest using anatomical or morphological features but cannot
differentiate benign tumors from malignant cancer. Imagion has developed MagSense® imaging agents for
three different types of cancer. The lead product has completed a Phase 1 study for the detection of nodal
metastases in HER2 breast cancer and is now being advanced to a Phase 2 study. Two additional agents for
prostate cancer and ovarian cancer are ready for IND-enabling studies before advancing to Phase 1 studies.
Imagion Biosystems Limited
ASX: IBX ACN 616 305 027
Suite 2, Level 11 385 Bourke Street Melbourne VIC 3000
http://www.imagionbiosystems.com/ | investor@imagionbio.com
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