MDxHealth Expands Its Companion Diagnostics Capabilities
DURHAM, NC, and LIEGE, BELGIUM- December 21, 2010 - MDxHealth SA (NYSE Euronext:
MDXH), a leading molecular diagnostics company in the field of personalized
cancer treatment, today announced that it has expanded its presence and
capabilities in the growing field of companion diagnostics with the
establishment of a new division in Ghent, Belgium, MDxHealth PharmacoDx bvba.
The opening of the new MDxHealth PharmacoDx facility in the Technology Park of
Ghent builds upon the Company's long-standing collaboration with Ghent
University in the area of bio-informatics and translational medicine. MDxHealth
intends to leverage next generation epigenetic sequencing technology in
collaboration with Ghent University to enhance its offering and design of
companion diagnostic and other tests for optimized drug development and the
treatment of cancer. MDxHealth will integrate its existing Flemish subsidiary
and personnel with the new MDxHealth PharmacoDx facility.
"Strengthening our collaboration with Ghent University is key for our pharmaco-
diagnostic development capabilities. The development and commercialization of
clinical and companion diagnostics are at the heart of MDxHealth's growth
strategy," said Dr. Jan Groen, Chief Executive Officer of MDxHealth.
Based on its industry-leading methylation technology, MDxHealth already
possesses an extensive pipeline of companion diagnostics. Its patented
technology and patented biomarkers are being used for numerous cancer
applications and therapies in development. Pharmaceutical companies like Merck
Serono, Abbott, Roche, GlaxoSmithKline Biologicals, and others have projects
currently in place with MDxHealth.
About MDxHealth
MDxHealth is a leading molecular diagnostics company that develops and
commercializes oncology-based molecular diagnostic testing and companion
diagnostics for personalized medicine. The company's numerous cancer tests are
based on proprietary gene methylation technology and are designed to assist
physicians in the diagnosis of cancer, prognosis of recurrence risk, and
prediction of response to a specific therapy. MDxHealth collaborates with
leading cancer research centers such as Johns Hopkins University, Duke
University, Lovelace Respiratory Research Institute, Eastern Virginia Medical
School, Cleveland Clinic, Memorial Sloan Kettering, and major European academic
medical centers. The company has a number of commercial and collaborative
partnerships with LabCorp, Merck & Co./Schering Plough, GlaxoSmithKline
Biologicals, Roche, Merck Serono, Qiagen, and other industry leaders.
MDxHealth to present at Biotech Showcase in San Francisco on January 10, 2011
MDxHealth will present at the Biotech Showcase Conference in San Francisco, on
Monday, Jan. 10, 2011. Dr. Jan Groen, chief executive officer, will make a
formal presentation on the company at 2 p.m. Pacific time. The Biotech Showcase
runs parallel to the 28th Annual J.P. Morgan Healthcare Conference, and takes
place at Parc 55 Wyndham San Francisco - Union Square.
For more information:
Dr. Jan Groen, CEO Hans Herklots
MDxHealth Capricorn One
+32 4 364 20 70 +41 79 598 7149
This press release contains forward-looking statements and estimates with
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
difficult to predict, may depend upon factors that are beyond the Company's
control, and may turn out to be materially different. MDxHealth expressly
disclaims any obligation to update any such forward-looking statements in this
release to reflect any change in its expectations with regard thereto or any
change in events, conditions or circumstances on which any such statement is
based unless required by law or regulation
2010-12-21 CDx in ENG:
http://hugin.info/137314/R/1474424/410698.pdf
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