MDxHealth and LI PATH Announce Marketing Agreement for ConfirmMDx for Prostate
IRVINE, Calif. and HERSTAL, Belgium, April 2, 2014 (GLOBE NEWSWIRE) --
MDxHealth SA (NYSE Euronext: MDXH), a leading molecular diagnostic company
that develops and commercializes epigenetic tests to improve the diagnosis and
treatment of cancer patients, today announced that it has entered into a
co-marketing agreement with LI PATH (Long Island Pathology, Inc.) to promote
MDxHealth's ConfirmMDx^® for Prostate Cancer test. LI PATH is a high-end,
full-service independent anatomic and clinical pathology laboratory that
serves the New York City metropolitan area. The agreement expands MDxHealth's
access to urologists in the highly populated New York and New Jersey region.
"Our goal is to be the premier laboratory serving the urology community in the
New York City area, and offering the most advanced molecular testing to our
urology clients is an important part of that equation," stated Ken Cerney,
Chief Executive Officer of LI PATH. "The ConfirmMDx for Prostate Cancer test
provides actionable information to help urologists better stratify patients at
risk for undetected prostate cancer and guide the decision for repeat biopsy.
The addition ConfirmMDx to our portfolio of tests enhances our ability to
serve our clients."
"We are excited to announce our strategic partnership with LI PATH, recognized
as a leading anatomic and clinical pathology laboratory in the New York
metropolitan region. With their extensive client base and strong reputation,
the partnership further expands access to our ConfirmMDx for Prostate Cancer
test within this important geographic region," said Dr. Jan Groen, CEO of
MDxHealth. "It is rewarding to partner with progressive thinking laboratory
professionals like LI PATH, who are focused on leveraging molecular diagnostic
tests to deliver the highest quality patient care."
About ConfirmMDx® for Prostate Cancer
Over 975,000 American men receive a negative prostate biopsy result each year,
though approximately 25% of these men may still harbor occult prostate cancer.
This well-documented risk of undetected cancer, often with clinically
significant Gleason scores, leads to a high rate of repeat biopsies with
greater than 40% of men receiving at least one repeat biopsy, and many
receiving a 3rd and 4th biopsy. Today's gold standard diagnostic approach is
the prostate biopsy procedure, collecting 10-12 needle core biopsy samples;
however this sampling represents less than 1% of a man's prostate. ConfirmMDx
for Prostate Cancer is an epigenetic assay to help urologists distinguish
patients who have a true-negative biopsy from those at risk for occult cancer.
The test is able to detect an epigenetic field effect or "halo" associated
with the cancerization process at the DNA level. This molecular "halo" around
a cancer lesion can be present despite having a normal appearance under the
microscope. The test helps urologists rule out prostate cancer-free men from
undergoing unnecessary repeat biopsies and rule in high-risk patients who may
require repeat biopsies and potential treatment.
About LI PATH
LI PATH is a premier diagnostic and consultative anatomical laboratory located
in East Setauket, New York that has been serving the regional community for
nearly 20 years.LI PATH is dedicated to providing top-level diagnostic
pathology and clinical services in a cost effective and efficient manner. The
laboratory's pathologists are certified by the American Board of Pathology
with multiple areas of sub-specialties and are active members of the
community. For additional information about LI PATH's clinical and AP
diagnostic offerings, please visit http://www.lipath.com
MDxHealth is a molecular diagnostics company that develops and commercializes
advanced epigenetic tests for cancer assessment and the personalized treatment
of patients. MDxHealth helps to address a large and growing unmet medical
need for better cancer diagnosis and treatment information. The company has a
proprietary platform and a strong epigenetic product pipeline focused on the
development of products for prostate, brain, bladder and lung cancers. For
more information visit www.mdxhealth.com and follow us on Twitter
For more information:
Dr. Jan Groen, CEO Mike Sinclair Len Hall
MDxHealth Halsin Partners Allen & Caron, Inc
US: +1 949 812 6979 UK: +44 20 7318 2955 US: +1 949 474 4300
BE: +32 4 364 20 70 Cell: +44 7968 022075 email@example.com
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respect to the anticipated future performance of MDxHealth and the market in
which it operates. Such statements and estimates are based on assumptions and
assessments of known and unknown risks, uncertainties and other factors, which
were deemed reasonable but may not prove to be correct. Actual events are
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disclaims any obligation to update any such forward-looking statements in this
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change in events, conditions or circumstances on which any such statement is
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