MDxHealth Receives 2016 Frost & Sullivan Global Prostate Cancer Diagnostics Technology Innovation Award
IRVINE, CA, and HERSTAL, BELGIUM - January 21, 2016 - MDxHealth SA (Euronext: MDXH.BR) announced today that it received the 2016 Frost & Sullivan Global Technology Innovation Award for its commitment to technological innovation to reduce unnecessary prostate biopsies.
Frost & Sullivan Senior Industry Analyst, Divyaa Ravishankar, commented: "MDxHealth has maintained its commitment to advancing molecular diagnostic tests for urological cancers, continuing to generate data supporting its ConfirmMDx® for Prostate Cancer test, and furthermore, recently launched its urine-based "liquid-biopsy" test, SelectMDx(TM) for Prostate Cancer. Frost & Sullivan believes that these two offerings can significantly reduce the number of men undergoing unnecessary invasive biopsy procedures, and importantly helps avoid the associated pain, risk of complications, and cost."
Dr. Jan Groen, Chief Executive Officer of MDxHealth stated, "We are delighted to be recognized for our commitment to innovation. MDxHealth's mission is to improve patient outcomes by delivering molecular diagnostic solutions that have a significant impact on the urological diagnosis paradigm. Our ConfirmMDx and SelectMDx tests implement cutting edge technologies to deliver actionable information to urologists for the diagnosis of prostate cancer."
More information on the Award can be found on the Frost & Sullivan website: 2016 Global Prostate Cancer Diagnostics Technology Innovation Award.
MDxHealth is a multinational healthcare company that provides actionable molecular diagnostic information to personalize the diagnosis and treatment of cancer. The company's tests are based on proprietary genetic, epigenetic (methylation) and other molecular technologies and assist physicians with the diagnosis of urologic cancers, prognosis of recurrence risk, and prediction of response to a specific therapy. The Company's European headquarters are in Herstal, Belgium, with laboratory operations in Nijmegen, The Netherlands, and US headquarters and laboratory operations based in Irvine, California. For more information, visit mdxhealth.com and follow us on Twitter at: twitter.com/mdxhealth.
ConfirmMDx for Prostate Cancer helps urologists identify men who may forego an unnecessary repeat biopsy. Each year, more than 1 million American men undergo an invasive prostate biopsy with a negative result, however approximately 30% of those men actually have prostate cancer. The current standard of care for prostate biopsy procedures samples less than 1% of the prostate, leaving men at risk for undetected cancer and leading to a high rate of repeat biopsies, even on cancer-free men. To date over 2,500 urologists have ordered ConfirmMDx on more than 35,000 patients. ConfirmMDx has qualified for Medicare reimbursement as of November 3, 2014 and is also available to more than 152 million insured lives via private health insurance plans.
SelectMDx for Prostate Cancer is a proprietary urine-based, molecular diagnostic test that offers a non-invasive "liquid biopsy" method to help urologists identify patients at low risk for prostate cancer, reducing unnecessary prostate biopsy procedures and their concomitant complications and expense. SelectMDx also helps identify men at increased risk for high-grade, and potentially lethal disease, who may benefit most from earlier detection. Of the nearly 1.3 million prostate biopsies performed in the US each year, less than a third detect cancer. Most of these men could have avoided a painful and invasive prostate biopsy procedure, with its associated side effects and costs.
| For more information: |
Dr. Jan Groen, CEO
US: +1 949 812 6979
BE: +32 4 364 20 70
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Amber Fennell, Chris Welsh, Hendrik Thys (PR & IR)
Consilium Strategic Communications
UK: +44 20 3709 5701
US: +1 917 322 2571 (Rx Communications Group LLC)
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