Loading, Please Wait...
NEWS RELEASE REGULATED INFORMATION
IRVINE, CA, and HERSTAL, BELGIUM - April 24, 2019 - MDxHealth SA (Euronext: MDXH.BR), a commercial-stage innovative molecular diagnostics company, today provided a business update for the first quarter ended March 31, 2019.
Michael K. McGarrity, Chief Executive Officer of MDxHealth, commented: "As anticipated, the first-quarter results reflect the organizational changes implemented during this transitional period for the Company. I am confident that the Company's growth potential can be realized as we adapt our business with a clear strategic focus and experience-based execution. We are encouraged by the early uptake of SelectMDx in the market and are confident in its contribution along with ConfirmMDx to our growth and longer-term strategy.
"Since joining MDxHealth in February, I have been working closely with our leadership team to assess all aspects of the business, with a specific focus on operating and commercial execution. I look forward to providing an update on our vision for the Company with the half-year financial results at the end of August."
Summary of patient test volume by product*
Total global patient test volume up 3% to 11,061 from 10,773 in Q4 2018
|Product by territory||Q1 2019||Q4 2018||% Change|
*Received cases excluding tests used in clinical utility studies (CUS)
ConfirmMDx® - total global patient test volume of 4,445, down 7% compared to 4,796 in Q4 2018
SelectMDx® - total global test volume 6,616, up 11% compared to 5,977 in Q4 2018
2019 financial calendar
April 29 Online publication of annual report 2018
May 29 Annual General Meeting 2019
August 29 Half-year 2019 results and management conference call
October 22 Q3 interim business update
For more information:
Consilium Strategic Communications
David Daley, Chris Welsh, Jonathan Birt, Marieke Vermeersch
UK: +44 20 3709 5701
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 therapeutic response. 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 social media at: twitter.com/mdxhealth, facebook.com/mdxhealth and linkedin.com/company/mdxhealth.
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. This press release does not constitute an offer or invitation for the sale or purchase of securities or assets of MDxHealth in any jurisdiction. No securities of MDxHealth may be offered or sold within the United States without registration under the U.S. Securities Act of 1933, as amended, or in compliance with an exemption therefrom, and in accordance with any applicable U.S. securities laws.
NOTE: The MDxHealth logo, MDxHealth, ConfirmMDx, SelectMDx, AssureMDx, PredictMDx and UrNCollect are trademarks or registered trademarks of MDxHealth SA. All other trademarks and service marks are the property of their respective owners.