Aspira Women’s Health Announces Dr. Milligan as Interim CEO

Aspira Women’s Health Transitions Leadership with New Interim CEO

In a significant shift within the company, Aspira Women’s Health Inc., trading under the ticker NASDAQ: AWH, has announced that Dr. Sandra Milligan will take on the role of interim CEO. This change comes as Nicole Sandford has decided to step down in order to focus on family health matters. Dr. Milligan, who has been serving as the President, is set to lead the company while a search for a new CEO is conducted.

Nicole's departure is effective immediately, but she will continue to support Aspira in a consulting role to ensure a smooth transition. This structured approach aims to maintain stability within the organization during this pivotal time.

Gratitude for Ms. Sandford's Leadership

The Board of Directors expressed their heartfelt thanks to Nicole Sandford for her exceptional leadership. Under her guidance, Aspira experienced many milestones, including the successful launch of the OvaWatch multivariate assay, which represents a vital expansion of their ovarian cancer diagnostic portfolio. Further illustrating the company’s innovative spirit, Aspira also received a $10 million grant from a prominent research agency to support the completion of its endometriosis detection product.

Jannie Herchuk, Chairwoman of the Board, praised Sandford’s contributions, stating that her leadership helped position Aspira for future growth. The Board is optimistic that Dr. Milligan's understanding of the company’s vision will help whichever strategic direction they choose over the next few months.

Leadership Strengths of Dr. Milligan

Dr. Milligan brings extensive knowledge of Aspira’s operations and technological advancements to her new interim role. With her history in women's health and diagnostics, she is well-prepared to oversee the ongoing execution of the company’s long-term strategies while being actively involved in the search for a permanent successor.

As interim CEO, she is committed to maintaining the momentum established during Sandford’s tenure and is poised to lead the team through the transition period effectively.

Innovations and Future Directions at Aspira

Aspira Women’s Health focuses heavily on developing state-of-the-art, non-invasive diagnostic tools aimed at addressing gynecologic diseases. With products like OvaWatch and Ova1Plus, which are integral parts of the OvaSuite platform, the company currently offers comprehensive blood tests designed to assist clinicians in determining ovarian cancer risk for women diagnosed with an adnexal mass.

OvaWatch features an impressive negative predictive value of 99% and is particularly beneficial for women when initial assessments suggest that their condition may not require immediate surgical intervention. Complementarily, Ova1Plus comprises two FDA-cleared tests and serves as an important tool in evaluating the malignancy risk in women scheduled for surgical procedures.

Aspira's future endeavors are set to expand its ovarian cancer product line. The company is also working on the first-ever non-invasive test aimed at identifying endometriomas, which are often associated with severe endometriosis, a condition that affects countless women worldwide.

Research and Product Development Ahead

The ongoing development program for endometriosis reflects Aspira’s dedication to creating effective diagnostic solutions. The company is actively combining microRNA and protein biomarkers with patient data, aiming to identify the presence of endometriosis regardless of its location or severity. This initiative is part of Aspira's broader strategy to enhance the sensitivity and specificity of its diagnostic tests, which is critical for timely and accurate disease management.

Frequently Asked Questions

What changes are occurring at Aspira Women’s Health?

Aspira Women’s Health has announced Dr. Sandra Milligan as the new interim CEO following the departure of Nicole Sandford.

What is the focus of Aspira Women’s Health?

The company is dedicated to developing non-invasive diagnostic tools for gynecologic diseases, particularly focusing on ovarian cancer and endometriosis.

What products does Aspira offer?

Aspira offers several blood tests including OvaWatch and Ova1Plus under the OvaSuite platform, designed to assist in ovarian cancer risk assessment.

How is the company addressing endometriosis?

Aspira is developing non-invasive testing methods for endometriosis, focusing on identifying endometriomas and enhancing diagnostic accuracy.

What are the next steps for Aspira’s leadership?

The company is conducting a search for a permanent CEO while Dr. Milligan leads the organization during this transitional phase.

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