IRVINE, CA, and HERSTAL, BELGIUM - December 19, 2016 - MDxHealth SA (Euronext: MDXH.BR) announced today that it has signed a distribution agreement with AceCGT Life Science Limited for their SelectMDx(TM) for Prostate Cancer assay in Hong Kong and Macao, Special Administrative Regions of the People's Republic of China.
Under the terms of the agreement, AceCGT Group will be the exclusive distributor within the Hong Kong and Macao Special Administrative Regions. Patient samples will be sent to MDxHealth's state-of-the-art ISO certified clinical diagnostic laboratory in Nijmegen, The Netherlands for analysis.
"We are delighted to announce our collaboration with AceCGT Group for the distribution of SelectMDx within the People's Republic of China. We believe that SelectMDx perfectly complements AceCGT Group's cutting edge molecular diagnostic test menu," commented Dr. Jan Groen, CEO of MDxHealth. "With their highly qualified and experienced team of laboratory scientists, clinical researchers and a dedicated commercial team, AceCGT Group is an ideal partner to help us raise awareness and expand access to SelectMDx throughout Hong Kong and Macao."
About SelectMDx for Prostate Cancer
SelectMDx for Prostate Cancer is a proprietary urine-based, molecular diagnostic test that offers a non-invasive 'liquid biopsy' method to assess a man's risk for prostate cancer. SelectMDx helps identify men at increased risk of harbouring aggressive, potentially lethal, prostate cancer who may benefit most from a prostate biopsy and earlier detection. The test delivers a negative predictive value (NPV) of 98% for clinically significant disease, helping to reduce unnecessary MRI procedures and invasive prostate biopsies by approximately 50%, thereby reducing healthcare costs.
About AceCGT Group
AceCGT is a Hong Kong based leading clinical diagnostic laboratory committed in bringing innovative, affordable and widely accessible testing solutions into everyday clinical practice within multiple specialties throughout their network. Leveraging the vast amount of knowledge and know-how derived from the Human Genome Project, International HapMap and other oncology research programs, AceCGT is translating the science of molecular diagnostics and personalized medicine into clinical practice within the Hong Kong and Macao Special Administrative Regions of China. For more information, visit www.acecgtdiagnostic.com.
About MDxHealth
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.
Under the terms of the agreement, AceCGT Group will be the exclusive distributor within the Hong Kong and Macao Special Administrative Regions. Patient samples will be sent to MDxHealth's state-of-the-art ISO certified clinical diagnostic laboratory in Nijmegen, The Netherlands for analysis.
"We are delighted to announce our collaboration with AceCGT Group for the distribution of SelectMDx within the People's Republic of China. We believe that SelectMDx perfectly complements AceCGT Group's cutting edge molecular diagnostic test menu," commented Dr. Jan Groen, CEO of MDxHealth. "With their highly qualified and experienced team of laboratory scientists, clinical researchers and a dedicated commercial team, AceCGT Group is an ideal partner to help us raise awareness and expand access to SelectMDx throughout Hong Kong and Macao."
About SelectMDx for Prostate Cancer
SelectMDx for Prostate Cancer is a proprietary urine-based, molecular diagnostic test that offers a non-invasive 'liquid biopsy' method to assess a man's risk for prostate cancer. SelectMDx helps identify men at increased risk of harbouring aggressive, potentially lethal, prostate cancer who may benefit most from a prostate biopsy and earlier detection. The test delivers a negative predictive value (NPV) of 98% for clinically significant disease, helping to reduce unnecessary MRI procedures and invasive prostate biopsies by approximately 50%, thereby reducing healthcare costs.
About AceCGT Group
AceCGT is a Hong Kong based leading clinical diagnostic laboratory committed in bringing innovative, affordable and widely accessible testing solutions into everyday clinical practice within multiple specialties throughout their network. Leveraging the vast amount of knowledge and know-how derived from the Human Genome Project, International HapMap and other oncology research programs, AceCGT is translating the science of molecular diagnostics and personalized medicine into clinical practice within the Hong Kong and Macao Special Administrative Regions of China. For more information, visit www.acecgtdiagnostic.com.
About MDxHealth
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.
