• The WHO is set to announce aspartame as potentially harmful to humans
  • Aspartame is a common artificial sweetener used in a wide range of foods and beverages
  • We look at the best and worst performing ASX biotechs over the past month

 

After decades of research on artificial sweeteners, the World Health Organisation (WHO) will finally declare aspartame as “possibly carcinogenic”, capable of causing cancer to humans.

Aspartame is a common artificial sweetener used in a wide range of foods and beverages.

Discovered in 1965 and brought to market in 1981, aspartame is found not only in diet sodas like Diet Coke, but also in teas, chewing gums, and yogurts.

Although most of the food and drink products with aspartame are advertised as ‘healthy’ or ‘diet’ alternatives, their ability to reduce diabetes or obesity has never been clinically confirmed.

Instead, evidence suggests that the flavour of artificially sweetened-beverages increases hunger sensations and, as a result, causes weight gain.

Studies also found that  those who consumed higher amounts of aspartame had a slightly higher risk (1.15 times) of developing cancer, especially breast and obesity-related cancers.

The FDA and American Cancer Society, however, both still deem aspartame safe for human consumption.

According to the FDA website, an adult weighing on 150 pounds (68kg) would have to ingest more than 18 cans of zero-sugar soda a day to experience severe negative health consequences from aspartame.

The reason, says the FDA, is that aspartame is 180-200 times sweeter than table sugar (sucrose), which means that only a very tiny amount is added to products.

 

Industry hits back

Apart from Diet Coke and Coke Zero, foods that contain aspartame include sugar-free chewing gums, sugar-free gelatin like Jell-O, and tabletop sweeteners sold under brand names like Equal and Nutrasweet.

Industry groups are already calling the classification misleading and panicking.

“Aspartame is one of the most thoroughly researched ingredients in history, with over 90 food safety agencies across the globe declaring it safe,” says Frances Hunt-Wood, secretary general of International Sweeteners Association (ISA).

Coca Cola has also hit back, saying that aspartame is safe, and should only not be consumed by people with a rare genetic disorder called phenylketonuria (PKU).

“Food and beverage products that contain aspartame carry a statement on the label alerting people with this condition to the presence of phenylalanine. But the fact that a small portion of the population has this rare condition does not mean in any way that aspartame is unsafe for other consumers,” said Coca Cola’s statement.

Meanwhile, the Food Standards of Australia and New Zealand (FSANZ) also still considers aspartame as safe.

The FSANZ says the safety of aspartame has been comprehensively reviewed by FSANZ and other international organisations, and that all scientific evidence to date supports the safety of aspartame for use as a sweetener.

The WHO is due to officially announce its findings on 14th July.

 

Best and worst performing ASX biotechs over the past month

CODE COMPANY PRICE 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % MARKET CAP
LDX Lumos Diagnostics 0.15 1150.00 900.00 212.50 3.45 $22,587,666
AT1 Atomo Diagnostics 0.07 247.62 160.71 32.73 19.67 $20,552,076
IIQ Inoviq Ltd 0.87 74.00 74.00 35.94 89.13 $84,657,206
HXL Hexima 0.02 0.00 50.00 -4.55 -25.00 $3,507,832
BOT Botanix Pharma Ltd 0.14 28.57 50.00 159.62 132.76 $177,182,151
M7T Mach7 Tech Limited 0.79 41.44 41.44 17.16 53.92 $176,370,145
NC6 Nanollose Limited 0.06 1.82 40.00 7.69 -18.84 $8,337,637
IPD Impedimed Limited 0.19 15.15 35.71 153.33 216.67 $373,324,112
DVL Dorsavi Ltd 0.01 16.67 27.27 16.67 18.49 $7,191,742
AVE Avecho Biotech Ltd 0.01 0.00 25.00 -61.54 -61.54 $10,810,818
1AD Adalta Limited 0.03 30.43 25.00 -31.82 -45.45 $9,533,668
EPN Epsilon Healthcare 0.02 5.00 23.53 -16.00 -34.38 $6,307,434
LCT Living Cell Tech. 0.02 14.29 23.08 34.99 90.58 $24,962,318
PAR Paradigm Bio. 1.03 10.75 21.89 -27.46 8.64 $293,340,203
AHC Austco Healthcare 0.17 -2.86 21.43 41.67 54.55 $50,888,279
IMM Immutep Ltd 0.31 10.71 19.23 14.50 1.57 $374,001,456
DXB Dimerix Ltd 0.08 42.11 19.12 -43.15 -34.05 $26,776,074
ONE Oneview Healthcare 0.25 -13.79 19.05 127.27 92.31 $128,032,121
VHT Volpara Health Tech 0.82 20.59 16.31 50.46 74.47 $194,584,106
PYC PYC Therapeutics 0.07 24.07 15.52 -4.29 1.52 $211,823,217
CYC Cyclopharm Limited 2.20 14.58 15.18 85.65 116.75 $196,034,321
MX1 Micro-X Limited 0.12 0.00 15.00 -20.69 -23.33 $61,723,852
IBX Imagion Biosys Ltd 0.02 23.08 14.29 -33.33 -48.39 $19,850,318
CTE Cryosite Limited 0.63 -1.57 12.61 -13.19 -5.30 $30,505,977
RHT Resonance Health 0.04 -4.44 10.26 -28.33 -29.51 $19,816,635
RHY Rhythm Biosciences 0.49 8.99 10.23 -52.91 -59.58 $107,698,369
NOX Noxopharm Limited 0.04 -2.22 10.00 -69.66 -78.00 $12,858,470
CMP Compumedics Limited 0.19 15.63 8.82 -7.50 15.63 $32,775,145
ALA Arovella Therapeutic 0.05 20.00 8.00 125.00 125.00 $42,495,434
RCE Recce Pharmaceutical 0.62 6.96 7.89 -5.38 -30.90 $111,408,944
PBP Probiotec Limited 2.70 1.12 7.57 21.08 21.08 $219,573,196
VTI Vision Tech Inc 0.25 6.38 6.38 -37.50 -5.66 $7,929,305
SOM SomnoMed Limited 0.96 3.24 6.11 -25.97 -21.07 $79,035,146
BPH BPH Energy Ltd 0.02 13.51 5.00 16.67 86.05 $20,465,181
ACR Acrux Limited 0.05 0.00 4.65 -33.82 -19.64 $12,103,369
PAA Pharmaust Limited 0.08 11.11 3.90 23.08 12.68 $26,060,621
OPT Opthea Limited 0.63 15.74 3.31 -30.94 -47.70 $259,273,486
KZA Kazia Therapeutics 0.18 0.00 2.94 80.41 -71.54 $37,624,804
TLX Telix Pharmaceutical 11.10 -3.98 2.59 58.35 139.22 $3,542,356,042
OSX Osteopore Limited 0.09 -19.05 2.41 -42.70 -31.24 $13,168,084
PTX Prescient Ltd 0.08 2.50 1.23 -39.26 -45.33 $65,226,853
SDI SDI Limited 0.82 -0.61 1.23 -7.87 5.13 $97,469,735
PNV Polynovo Limited 1.51 8.63 1.00 -25.98 15.71 $1,049,153,782
VLS Vita Life Sciences.. 1.57 -11.58 0.97 10.21 -13.77 $84,438,968
ALC Alcidion Group Ltd 0.10 3.72 0.52 -33.90 -11.36 $120,466,560
ALT Analytica Limited 0.00 0.00 0.00 0.00 0.00 $4,613,801
ADR Adherium Ltd 0.00 0.00 0.00 -25.00 -57.14 $14,998,225
EYE Nova EYE Medical Ltd 0.28 -1.75 0.00 0.00 40.00 $53,291,810
MEB Medibio Limited 0.00 0.00 0.00 -50.00 -50.00 $4,547,927
CDX Cardiex Limited 0.20 25.00 0.00 -44.44 -35.48 $24,389,139
AC8 Auscann Grp Hlgs Ltd 0.04 0.00 0.00 0.00 0.00 $17,621,884
BWX BWX Limited 0.20 0.00 0.00 21.21 -70.37 $39,997,500
BNO Bionomics Limited 0.02 17.65 0.00 -42.86 -64.91 $27,905,973
PSQ Pacific Smiles Grp 1.35 0.00 0.00 -11.76 -24.37 $215,435,616
MEM Memphasys Ltd 0.02 13.33 0.00 17.24 -55.46 $16,311,846
TD1 Tali Digital Limited 0.00 0.00 0.00 -40.00 -70.00 $4,942,733
CHM Chimeric Therapeutic 0.04 0.00 0.00 -54.76 -60.42 $18,747,366
OVN Oventus Medical Ltd 0.02 0.00 0.00 0.00 0.00 $4,834,531
MDC Medlab Clinical Ltd 6.60 0.00 0.00 -1.93 -18.52 $15,071,113
1ST 1St Group Ltd 0.01 25.00 0.00 -44.44 25.00 $7,084,956
CU6 Clarity Pharma 0.77 14.07 0.00 -21.43 42.59 $135,135,070
S66 Star Combo 0.11 0.00 0.00 -26.67 -29.03 $14,859,128
OSL Oncosil Medical 0.01 0.00 0.00 -67.89 -63.08 $25,685,935
ANP Antisense Therapeut. 0.06 0.00 0.00 -38.14 -26.83 $39,489,558
PCK Painchek Ltd 0.03 3.70 0.00 -15.15 -3.45 $36,343,707
MVF Monash IVF Group Ltd 1.15 0.44 -0.43 23.12 18.04 $448,080,066
MVP Medical Developments 0.83 5.06 -0.60 -44.30 -47.61 $70,338,718
ARX Aroa Biosurgery 0.89 -1.11 -1.66 -19.09 37.98 $303,651,879
AHK Ark Mines Limited 0.32 6.67 -3.03 45.45 82.86 $10,902,182
NSB Neuroscientific 0.09 21.62 -3.23 -25.00 -52.63 $12,768,976
RAC Race Oncology Ltd 1.38 18.97 -3.50 -30.13 -37.27 $200,574,599
CAJ Capitol Health 0.27 -3.57 -3.57 -14.29 -5.26 $281,833,473
BIT Biotron Limited 0.03 8.00 -3.57 -3.57 -56.44 $25,254,457
PXS Pharmaxis Ltd 0.05 17.78 -3.64 -10.17 -19.70 $39,577,137
IMC Immuron Limited 0.07 7.35 -3.95 -15.12 -7.59 $16,857,078
RNO Rhinomed Ltd 0.07 -1.43 -4.17 -40.00 -31.00 $20,000,379
NXS Next Science Limited 0.57 11.76 -4.20 -12.31 -27.85 $125,652,228
MDR Medadvisor Limited 0.23 -6.25 -4.26 -13.46 40.63 $122,615,867
IHL Incannex Healthcare 0.11 5.00 -4.55 -40.00 -53.33 $166,636,087
GSS Genetic Signatures 0.53 3.92 -4.93 -41.11 -55.83 $77,439,238
PIQ Proteomics Int Lab 0.86 -2.27 -5.49 -13.57 -3.37 $106,461,513
ATX Amplia Therapeutics 0.08 -9.09 -5.88 -2.44 -16.67 $15,520,443
AGH Althea Group 0.04 0.00 -6.67 -32.26 -40.85 $16,014,121
OIL Optiscan Imaging 0.08 -2.44 -6.98 -18.36 -18.36 $50,104,448
PGC Paragon Care Limited 0.24 11.63 -7.69 -21.31 -15.79 $158,243,023
RSH Respiri Limited 0.03 -10.81 -8.33 -28.26 -44.07 $28,732,936
IRX Inhalerx Limited 0.04 -16.67 -9.09 -33.33 -46.67 $7,590,678
CBL Control Bionics 0.09 -2.25 -9.38 -47.27 -56.50 $7,871,675
UBI Universal Biosensors 0.23 9.52 -9.80 -2.13 -36.11 $50,968,664
CGS Cogstate Ltd 1.59 -7.31 -9.94 -17.66 9.69 $271,010,236
JTL Jayex Technology Ltd 0.01 0.00 -10.00 -18.18 80.00 $2,531,507
EZZ EZZ Life Science 0.49 -9.35 -10.19 22.78 56.45 $21,138,975
DOC Doctor Care Anywhere 0.04 2.33 -10.20 -10.20 -69.66 $16,498,901
ADO Anteotech Ltd 0.04 0.00 -10.42 -24.56 -34.85 $86,097,418
OCC Orthocell Limited 0.34 0.00 -10.53 -17.07 -18.07 $69,056,075
ACW Actinogen Medical 0.04 2.44 -10.64 -56.70 -20.75 $74,466,338
ZLD Zelira Therapeutics 1.59 5.30 -10.67 59.00 59.00 $17,588,090
ZLD Zelira Therapeutics 1.59 5.30 -10.67 59.00 59.00 $17,588,090
4DX 4Dmedical Limited 0.75 11.19 -10.78 88.61 31.86 $251,946,778
ZNO Zoono Group Ltd 0.04 -2.38 -10.87 -57.69 -71.40 $7,787,035
NEU Neuren Pharmaceut. 12.04 0.75 -11.01 38.55 221.93 $1,502,334,574
ME1 Melodiol Glb Health 0.01 14.29 -11.11 -60.00 -78.38 $18,819,876
NTI Neurotech Intl 0.04 5.71 -11.90 -47.89 -50.67 $32,334,651
IMU Imugene Limited 0.09 8.82 -11.90 -36.21 -52.56 $597,342,637
VBS Vectus Biosystems 0.44 2.33 -12.00 -46.01 -55.33 $23,403,388
TRP Tissue Repair 0.29 11.54 -12.12 23.40 18.37 $12,630,696
BXN Bioxyne Ltd 0.02 -4.55 -12.50 -16.00 75.00 $36,131,263
TRU Truscreen 0.02 -16.00 -12.50 -46.15 -58.00 $8,749,482
ATH Alterity Therap Ltd 0.01 -7.69 -14.29 -40.00 -57.14 $14,639,386
ICR Intelicare Holdings 0.01 0.00 -14.29 -42.86 -65.73 $2,506,985
HGV Hygrovest Limited 0.04 -10.87 -14.58 -41.43 -36.92 $8,833,045
CYP Cynata Therapeutics 0.11 -4.35 -15.38 -63.33 -69.44 $20,657,655
SHG Singular Health 0.04 7.50 -15.69 -62.61 -55.21 $5,763,614
LBT LBT Innovations 0.03 -3.03 -15.79 -42.86 -61.90 $10,373,870
BP8 Bph Global Ltd 0.00 -16.67 -16.67 -81.01 -81.01 $2,569,460
MXC Mgc Pharmaceuticals 0.01 0.00 -16.67 -58.33 -70.59 $16,753,465
PAB Patrys Limited 0.01 -18.18 -18.18 -66.67 -57.14 $20,572,684
RAD Radiopharm 0.11 4.76 -18.52 4.76 -33.07 $26,324,434
RAD Radiopharm 0.11 4.76 -18.52 4.76 -33.07 $26,324,434
ILA Island Pharma 0.11 5.00 -19.23 -43.24 -27.59 $7,964,310
GTG Genetic Technologies 0.00 -20.00 -20.00 -33.33 -42.86 $23,083,316
GLH Global Health Ltd 0.13 18.18 -21.21 -38.10 -43.48 $7,540,440
AMT Allegra Orthopaedics 0.06 -3.51 -21.43 -47.62 -69.44 $5,745,256
HCT Holista CollTech Ltd 0.01 -15.38 -21.43 -62.07 -67.65 $3,066,801
BDX Bcaldiagnostics 0.08 -10.71 -25.00 25.00 -6.25 $10,207,103
IVX Invion Ltd 0.00 -10.00 -25.00 -50.00 -50.00 $28,897,345
EXL Elixinol Wellness 0.01 -14.29 -25.00 -40.00 -47.83 $5,483,896
CAN Cann Group Ltd 0.12 4.35 -26.69 -42.40 -62.20 $44,636,659
RGS Regeneus Ltd 0.01 16.67 -30.00 -82.50 -88.33 $2,145,058
AN1 Anagenics Limited 0.02 36.36 -31.82 -39.43 -34.16 $5,484,299
IDT IDT Australia Ltd 0.07 3.17 -32.29 -18.75 -45.83 $19,797,921
TSN The Sust Nutri Grp 0.01 -14.29 -50.00 -95.71 -95.71 $844,577
NYR Nyrada Inc. 0.03 -20.00 -65.43 -80.69 -81.33 $4,212,235
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Lumos Diagnostics (ASX:LDX)

Lumos was the best performing biotech stock over the past week and month, with its share price rocketing higher by 10x.

Lumos surged after receiving US FDA approval to market its FebriDx rapid, point-of-care test in the US, which could see a reduction in antibiotic use.

The clearance allows FebriDx to be marketed in the US for use by healthcare professionals as an aid in the diagnosis of bacterial acute respiratory infections.

LDX said FebriDx is intended to be used in conjunction with clinical signs and symptoms, including other clinical and laboratory findings, to evaluate patients for acute respiratory infection.

FebriDx is already registered in the UK, Europe, Canada, UAE, Brazil, Turkey, Pakistan, Singapore, Malaysia and Australia.

 

Atomo Diagnostics (ASX:AT1)

Atomo surged by almost 3x on Tuesday, with the company releasing a statement that it is not aware of any information that has not been announced to the market which could explain the share price move.

“It is noted however that on 3 July 2023, Atomo’s partner, Lumos Diagnostics announced to the market that it has received US FDA approval for its FebriDx test, which utilises Atomo’s user friendly integrated Pascal test platform, making Atomo a critical supplier to Lumos for this approved product,” said the statement.

“It is possible that the price movement in AT1 could be attributed to LDX’s announcement.”

 

Inoviq (ASX:IIQ)

Inoviq rose after revealing that its SubB2M/CA15-3 breast cancer test detects all stages of breast cancer with excellent accuracy (87%), sensitivity (81%) and specificity (93%) –  outperforming a leading CA15-3 test.

IIQ intends to present the data and its development plans to potential partners and KOLs to advance commercial discussions for its SubB2M/CA15-3, SubB2M/CA125 and SubB2M multi-cancer tests.

 

Mach 7 Tech (ASX:M7T)

Mach7 announced that it will participate in the Veterans Health Administration’s (VHA’s) National Teleradiology Program (NTP).

As part of the contract, Mach7 will provide its VNA and eUnity Enterprise Diagnostic Viewer solutions which will help form the core of the NTP NextGen PACS architecture.

The VHA NTP is Veterans Affairs’ in-house teleradiology service which has been providing 24×7 service to VHA facilities for over a decade.

The NTP currently supports 125 sites across all 18 Veterans Integrated Services Networks (VISNs) and is projected to interpret between 1.0 and 1.5 million studies annually.