MDxHealth SA (Euronext: MDXH.BR) today announced that MVZ Dr. Stein & Kollegen medical laboratory has signed an agreement to become the first German laboratory to offer the SelectMDx for Prostate Cancer test.
Under the terms of the agreement, MVZ Dr. Stein & Kollegen medical laboratory in Mönchengladbach Germany, one of the laboratories within the Limbach Gruppe SE, will perform SelectMDx service testing. To offer this service through their network, the laboratory will purchase SelectMDx CE-marked IVD kits from MDxHealth.
"We are excited that MVZ Dr. Stein & Kollegen lab is the first medical laboratory in Germany to offer SelectMDx service testing to their customers," said Dr. Jan Groen, CEO of MDxHealth. " Their broad hospital network and commercial capabilities will significantly contribute to the successful market penetration of SelectMDx."
"We are excited to partner with MDxHealth and provide this new innovative liquid biopsy test for all our patients within our laboratory service network in Germany," stated Dr. Dietmar Dreßen, General Manager of MVZ Stein & Kollegen. "By offering this non-invasive test we expect to optimize prostate cancer diagnosis and management."
Of the nearly 2 million prostate biopsies performed each year, less than a third find cancer. Most of these men could have avoided a painful and invasive prostate biopsy procedure, with its associated complications and costs. 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 harboring 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 up to 50%, thereby reducing healthcare costs.
About MVZ Dr. Stein & Kollegen
MVZ Stein & Kollegen medical laboratory in Mönchengladbach is one of the largest laboratory of the Limbach Gruppe SE. The laboratory performs over 350,000 analyses per day from more than 20,000 patients. MVZ Stein & Kollegen have over 30 years of experience in laboratory diagnostics providing the highest and quality service to their doctors and patients. For more information, www.labor-stein.de.
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 gene methylation (epigenetic) and other molecular technologies and assist physicians with the diagnosis of cancer, prognosis of recurrence risk, and prediction of response to a specific therapy. For more information, visit mdxhealth.com and follow us on Twitter at: twitter.com/mdxhealth.