Sepset Biosciences is a diagnostic company developing a blood test (Sepset ER) for hospitals to identify patients in the emergency room (ER) who will acquire severe sepsis and have high risk for organ failure. Sepset’s test will provide much earlier (~1-2 hours) and more reliable data to help physicians select the right treatment for the right patients at the right time. This is critical since every hour’s delay in starting appropriate treatment leads to a 7.6% increased risk of death. At the same time the Sepset ER test will inform physicians who will not acquire sepsis, sparing the need to use potent antibiotics and increase the risk of antimicrobial resistance. Our vision is to increase patient survival and improve quality of care, while at the same time improving efficiency in hospital spending.
Sepset Biosciences was launched in 2016 as a spinout company from the CDRD, a collaboration between adMare BioInnovations and Dr. R.E.W (Bob) Hancock. It was based on the discovery by Drs. Hancock and Olga Pena of a novel gene signature that was able to distinguish between septic and non-septic patients and predict organ failure [Pena, 2014]. This signature was filed for patent protection and patents have been granted in Europe, China and Hong Kong and are pending in other jurisdictions. Sepset has exclusive license to these patents and the background intellectual property. Sepset was seed funded through a loan from CDRD who also provided management support. Recently ASEP Medical acquired majority ownership of Sepset in exchange for $5 million of investment. Dr. Hancock and his collaborators have performed a large multi-center international clinical study (4 countries, 4 continents) and have statistically validated the gene signature demonstrating its high accuracy, sensitivity and specialty.