Oncimmune Holdings plc (AIM: ONC.L), a leader in the development, manufacture and commercialisation of personalised immunodiagnostics for the screening, detection and care of cancer, today announces that it has signed an exclusive agreement for the distribution of its EarlyCDT—Lung test kit in Portugal with Sabartech S.L. (“Sabartech”), its existing distributor in Spain.
Oncimmune Holdings plc (AIM: ONC.L), a leader in the development, manufacture and commercialisation of personalised immunodiagnostics for the screening, detection and care of cancer, today announces that it has signed an exclusive agreement for the distribution of its EarlyCDT—Lung test kit in Portugal with Sabartech S.L. (“Sabartech”), its existing distributor in Spain. The agreement includes a minimum sales commitment of £700,000 over 5 years.
Every year in Portugal approximately 5,300 new cases are diagnosed and approximately 4,700 deaths occur from lung cancer. Lung cancer is the largest cause of cancer-related deaths in Portugal[1].
Oncimmune has also extended Sabartech’s agreement in Spain from three to five years, in light of the excellent progress made including the recently secured agreement to sell EarlyCDT—Lung as a screening test for the early detection of lung cancer through the hospitals and clinics of the Quirónsalud group (“Quirónsalud”). The extension adds a further £1.8 million of minimum sales commitments over years 4 and 5.
Dr Adam M Hill, CEO of Oncimmune commented: “Portugal and Spain are important European markets and Sabartech has made good progress so far including selling EarlyCDT—Lung for screening through Quirónsalud, the largest private hospital network in Spain. Extending our relationship to include Portugal was a natural progression and marks another step in the commercialisation of EarlyCDT-Lung.”
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For further information:
Oncimmune Holdings plc
Adam Hill, Chief Executive Officer
Zeus Capital Limited (Nominated Adviser and Joint Broker)
Andrew Jones, Mike Seabrook
+44 (0)20 3829 5000
Bryan, Garnier & Co Limited (Joint Broker)
Phil Walker, Dominic Wilson
+44 (0)20 7332 2500
Media enquiries:
Consilium Strategic Communications
Chris Gardner, Matthew Neal, Lindsey Neville
+44 (0)20 3709 5700
About Oncimmune
Beating cancer, one test at a time
Oncimmune is a leader in the development, manufacture and commercialisation of cancer specific immunodiagnostics for the screening, detection and care of cancer. Oncimmune also develops precision medicine and patient stratification tools for leading pharmaceutical multinationals in both immuno-oncology and autoimmune disease. Oncimmune is working to change how cancer is diagnosed and treated. Its patented technology detects evidence of the body’s natural response to cancer, enabling detection four years or more before standard clinical diagnosis. Oncimmune’
Oncimmune was founded in 2002 and launched its platform technology in 2009, followed by its first commercial tests, EarlyCDT—Lung and Early
For more information, visit www.oncimmune.com