Personalized cancer medicine is dependent on precise diagnostics and patient selection

We are a cancer diagnostics company which translates high quality academic research results to patient specific companion diagnostics and therapy stratification solutions.

What we do?

Our diagnostic solutions provide clinicians novel tools to estimate cancer aggressivity at the time of diagnosis and help them to select the most effective, and health economical therapies.

CURRENT TARGET DISEASE

  • Head and neck squamous cell carcinoma (HNSCC)
  • Almost one million new cases annually
  • 50% mortality rate
  • No improvement in survival rate over the decades
  • Lack of diagnostic method to identify deadly cancer cases

THESTRA SOLUTION

  • Patented EPLINEx™ solution for identification of HNSCC cases that are life threatening
  • Artificial intelligence based HNSCC tissue analysis

BENEFITS

CLINICIANS AND HOSPITALS
  • Novel, accurate tool for diagnosis and prognosis
  • Facilitated decision-making
  • Cost savings
PATIENTS
  • Less side-effects
  • Better quality of life through accurate diagnosis and personalised treatment

Who we are?

Who we are: THESTRA is a start-up company based on over a decade of collaborative biomarker research in Turku University and Turku University Hospital led by docent Sami Ventelä and professor Jukka Westermarck. At THESTRA, world class academic research is combined with very profound business experience creating an exciting business opportunity collectively providing novel cancer diagnostics opportunities to cover unmet medical needs.

News

Cooperation between Thestra and Auria Biobank

Thestra Ltd. and Auria Biobank have signed an agreement to enable the use of Biobank’s material for Thestra’s R&D purposes. This intensifies cooperation between Thestra and Auria Biobank and thus paves the way for further development of Thestra´s operations.

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Organizational developments at Thestra

Thestra Ltd. strengthens its operations. Thestra and University of Turku have signed an agreement which will furnish Thestra with high-end laboratory premises at the Turku Bioscience Centre. In this same context Thestra is pleased to welcome PhD Mari Peltola as a Senior Scientist to manage Thestra´s R&D operations.

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Thestra announces changes in its Board of Directors

Thestra Ltd. announces that following the company’s Extraordinary Shareholders’ Meeting it has elected Tom Palenius as the new Chairman of the Board and Alexandra Gylfe from Nordic Science Investments (NSI) as a new Board member. The founders of Thestra Ltd Sami Ventelä and Jukka Westermarck will continue as members of the Board.

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Thestra tackles the unsolved diagnostic problem of head and neck cancers

The product developed by Thestra, EPLINEX™, offers a unique diagnostic solution for patients with aggressive head and neck cancer. EPLINEX™ could be used to identify head and neck cancer patients whose disease could be cured with treatments that cause fewer side effects. This type of product is currently completely missing from the cancer diagnostics market, thus there is a significant need for it.

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The University of Turku spin-out company secures the first VC funding from Nordic Science Investments

Modern cancer treatment aims for the most effective treatment possible, which would cause the patients as few side effects as possible. The individual choice of treatment for each patient, however, requires diagnostic methods to distinguish patients based on how aggressive their cancer is. Such diagnostic methods are unfortunately very limited and because of this, in many types of cancer, all patients receive similar treatment and thus also the same side effects of the treatment.

Based on the long-term cooperation between the researchers of the University of Turku and the Turku University Central Hospital together with the AURIA biobank, a new cancer diagnostics company, Thestra Ltd, has now been established. Thestra develops a product that could be used to identify head and neck cancer patients whose disease could be cured with treatments that cause fewer side effects. Head and neck cancer (HNSCC) is the sixth most common cancer and is annually diagnosed in approximately 1 million new patients globally. The product developed by Thestra, EPLINEX™, offers a unique diagnostic solution for head and neck cancer patients. This type of product is currently completely missing from the cancer diagnostics market, thus there is a significant need for it. Efforts have been made for decades to find a diagnostic solution such as EPLINEx™ that could be used to identify the aggressiveness of head and neck cancer in the early stage of the disease.

Thestra and EPLINEx™ are based on the long-term cooperation of the working groups of docent Sami Ventelä and professor Jukka Westermarck with the aim of finding new cancer diagnostic methods suitable for patient use. Docent Ventelä works as a specialist MD at the Turku University Central Hospital and, together with Professor Westermarck, directs the research group at the Turku Bioscience Center. Professor Westermarck also belongs to InFlames Flagship.

EPLINEx™ technology is protected by the University of Turku (patent and trademark). The basic research on which the product is based has been supported by funding from the Academy of Finland and the Erkko Foundation, and the technology has been further refined before the company was founded with Business Finland’s ”Research-to-Business” (R2B) funding.

Thestra’s actual business started this summer when the company received risk financing from the finance company Nordic Science Investments (NSI). NSI finances and supports especially Finnish and Nordic start-up companies whose operations are based on high-level science. NSI has several ongoing negotiations related to other projects that have also emerged from Turku based universities.

 Alexandra Gylfe, NSI ” We want to support teams whose work has a strong scientific basis and the product being developed has significant market potential. With the case of Thestra, we see both dimensions coming true, and thus are excited to help enable their growth.

Matti Juvonen, Thestra ” We are looking forward to the co-operation with NSI. Their team has strong experience in supporting the work of growth-stage companies, including diagnostic solutions. In addition, NSI’s international contact networks are a valuable addition to the development and advancement of Thestra’s growth vision.

 The first step in Thestra’s business is to launch the EPLINEx™ diagnostic service in Finland and in selected hospitals abroad. The future growth vision consists of the elements that support Thestra’s business. The first goal is to make EPLINEx™ available in most parts of the world in cooperation with diagnostic companies operating in the global market. At the same time, Thestra implements technology renewal plans. Among other things, Thestra is developing artificial intelligence-based digipathology, which makes it possible to further refine the assessment of patients’ prognosis and increase the reliability of treatment selection. In addition, Thestra also aims to expand its portfolio to new cancer diagnostic solutions and commercial cooperation with pharmaceutical companies developing cancer drugs.

For further information, please contact:

Matti Juvonen
Thestra Oy
Chief Business Officer
matti.juvonen@thestra.fi
+358 40 5289784

Docent Sami Ventelä
Turun yliopisto ja Turun yliopistollinen keskussairaala
satuve@utu.fi
+358 50 516 6966

Professor Jukka Westermarck
Turun yliopisto
jukwes@utu.fi
+358 40 7423007

Dr. Alexandra Gylfe
Nordic Science Investments
alexandra.gylfe@nordscience.com
+358-405098733

Contact us

Email: Matti.Juvonen@thestra.fi
Telephone: +358 40 528 9784

Tom Palenius

M.Sc, Chairman of the Board

  • CEO, Business Turku Oy
  • CEO Abacus Diagnostica Oy 2012 – 2015
  • VP Business Development, Biocelex Ltd, 2007- 2012
  • Several Board memberships e.g. Monttu Ventures Oy, Dream Devices Oy, Top Analytica Oy
  • Certified Board Member CBM/HHJ
  • Certified Advisory Board Member CAB/HAB

Docent Sami Ventelä

M.D., Ph.D, Founder, CMO, Board member

  • Associate chief physician in Turku University hospital
  • Specialized doctor in otorhinolaryngology
  • 15-year clinical experience in Head & Neck cancer diagnostics and research
  • Specialized in biomarker discovery for cancer aggressiveness
  • Research group leader
Sami Ventelä

Prof. Jukka Westermarck

M.D., Ph.D, Founder, CSO, Board member

  • Professor of cancer biology, University of Turku
  • 30-year experience in cancer biology research at multiple institutions
  • Landmark publications in cancer biology and biomarkers
  • Granted drug target and diagnostic patents 
  • Success in academic IPR outlicencing
  • Finnish Drug Discovery Center Ltd, Board member
  • Anavo Therapeutics GmBH, SAB member

Alexandra Gylfe

PhD, MBA, Board member

  • Founding partner at Nordic Science Investments, a VC fund investing in science-based spinouts in the Nordics and Baltics.
  • Biotech executive with over a decade of experience in academia and building R&D teams in competitive US startup.
  • Ph.D. in cancer genetics from the University of Helsinki and MBA from Aalto University Executive Education
  • Was a visiting researcher at Stanford University.
  • Led the Cancer Genomics Team at Human Longevity Inc. in San Diego
  • Business Development Director of iCAN flagship in Digital Precision Cancer Medicine
  • Business Development Director at Helsinki Innovation Services

Matti Juvonen

M.Sc. Econ, CBO

  • More than 20 years of international sales and business development experience with innovative life science (incl. IVD)
  • Export Director, Vivago Oy 2019 – 2024
  • External Project Champion / Business Manager, University of Turku EPLINEx project 2020-2023
  • Business Development Manager, Innomedica Oy 2010-2019
  • Sales Manager, Oy Medix Biochemica Ab 2001-2007
  • International Sales Manager, Thermo Labsystems Oy 1997-2001
Matti Juvonen

Mari Peltola

PhD, Senior Scientist

  • 20 years of experience in diagnostics and biotechnology
  • Specialized in antibodies, immunoassays and assay development
  • Researcher in international projects focusing mainly on cancer diagnostics
  • R&D and project management experience in academia and industry
  • Design transfer experience in IVD industry
  • Previously worked at Revvity (PerkinElmer)/Wallac, Labmaster, University of Turku
Mari Peltola