OXFORD, England & DOVER, Del.– Sensyne Health plc (LSE: SENS) (“Sensyne” or the “Company” or the “Group”), the Clinical AI company, today announces that is has signed its first Strategic Research Agreement (“SRA”) in the United States of America with St. Luke’s University Health Network (St. Luke’s), a leading U.S. health system serving patients in Pennsylvania and New Jersey. The agreement will enable the ethical application of clinical AI research to improve patient care and accelerate medical research.
This agreement represents an important first step in Sensyne’s mission of building an international resource for medical research using real world evidence. The St. Luke’s dataset covers 2.5 million de-identifed unique patients, from a patient population of approximately one million people across 12 hospitals and over 300 outpatient locations.
Consistent with Sensyne’s approach with all of its relationships with health systems, this research will be undertaken to the highest standards of information governance and data security and in accordance with The Health Insurance Portability and Accountability Act (HIPAA). All data supplied to Sensyne for research will be de-identified by St. Luke’s beforehand, will remain in the U.S., and the provision of the data will operate under an agreed set of data processing procedures.
Founded in 1872, St Luke’s University Health Network is a fully integrated, regional, non-profit network of more than 16,000 employees providing services at 12 hospital sites and 300 outpatient sites. Dedicated to advancing medical education, St. Luke’s is the preeminent teaching hospital in central-eastern Pennsylvania. In partnership with Temple University, St. Luke’s established the Lehigh Valley’s first and only regional medical school campus. St. Luke’s flagship University Hospital has earned the 100 Top Major Teaching Hospital designation from IBM Watson Health nine times and seven years in a row, including in 2021 when it was identified as the number one ‘Teaching Hospital in the Country’.
St. Luke’s joins 11 National Health Service (NHS) Trusts in the U.K., covering more than 13% of the U.K. population, which have partnered with Sensyne sharing anonymized clinical datasets to enable the discovery of new treatments, increase disease understanding, and advance clinical trial design.
Under the terms of the agreement, St. Luke’s will receive 115,541 ordinary shares of 10 pence nominal value (“Ordinary Shares”) in Sensyne Health plc subject to receipt of a section 593 valuation report by the company. In addition, St. Luke’s will receive 346,621 warrants to subscribe for Ordinary Shares at a subscription price of 10 pence per warrant subject to the achievement of specific performance conditions. From the date of admission to trading, the new ordinary shares will be subject to lock-in and orderly market provisions for 12 months. St. Luke’s will receive a royalty on revenues that are generated by Sensyne from the research undertaken under this agreement.
