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Press Release

Clinical Genomics Celebrates Ten Years of Innovation


Posted on: 29 Sep 16

BRIDGEWATER, N.J., Sept. 29, 2016 (GLOBE NEWSWIRE) -- Clinical Genomics, a private company developing innovative diagnostic tools for colorectal cancer, marks a decade of discovery and innovation as it celebrates its tenth anniversary. Since establishment, the company has made significant contributions to the field of colorectal cancer (CRC) diagnosis and monitoring including establishing proof of concept for a novel two-gene circulating tumor DNA (ctDNA) blood test for post-surgical monitoring of CRC recurrence.

Clinical Genomics was founded by the leadership team from Enterix, the company that successfully developed and commercialized the innovative InSure® brush-based Fecal Immunochemical Test (FIT) in the United States and Australia. The founders sold Enterix to Quest Diagnostics in 2006 and later re-acquired the company in 2013.

In 2010 Clinical Genomics demonstrated initial proof of concept for a two-gene assay that could detect CRC recurrence using a simple blood test. Data supporting the validity of the technology in more than 3,400 patients were published in several peer-reviewed journals in 2015.

“Clinical Genomics was founded ten years ago with the premise that we had the potential to identify biomarkers that could provide a better understanding of CRC disease at the molecular level,” said Lawrence LaPointe, Ph.D., President and CEO of Clinical Genomics. “As we enter our second decade, we are poised to launch a two-gene circulating tumor DNA blood test for post-surgical monitoring of colorectal cancer that we believe will support earlier clinical intervention and improved patient outcomes.”

Today, Clinical Genomics has 20 active and pending patents and 75 talented and dedicated employees at its facilities in the United States and Australia. The company recently established its U.S.-based molecular diagnostic laboratory in Bridgewater, N.J. and expects to make its two-gene ctDNA blood test for post-surgical monitoring of CRC recurrence available by the end of 2016. The test measures the presence BCAT1 and IKZF1 gene methylation, a chemical modification associated with tumor growth and invasion.

Dr. LaPointe added: “Clinical Genomics is backed by rigorous science, decades of commercialization expertise and the financial resources to realize both the clinical and commercial value of our ctDNA assay for CRC recurrence. It is gratifying to end our first decade strongly positioned to improve CRC outcomes, and we intend to carry this momentum forward and aggressively execute against our clinical and business objectives. On this important anniversary, I would like to extend a special thank you to all of our team members and recognize that many have been with us for a significant part of our history. Without their hard work and daily focus on saving lives, we would not be where we are today.”

About Colorectal Cancer
CRC is one of the leading causes of cancer-related deaths worldwide, accounting for more than 600,000 deaths each year. When diagnosed early, before cancer has spread, the relative five-year survival rate for CRC is 90 percent, but only approximately four out of 10 CRC cases are detected early. Among individuals undergoing surgical treatment for CRC, recurrence occurs in 30 to 40 percent of all cases, the majority of which present in the first two to three years following initial diagnosis and treatment.

About Clinical Genomics
Clinical Genomics is a privately held biotechnology company developing innovative products for colorectal cancer (CRC) diagnosis. With a broad intellectual property portfolio consisting of more than 20 patents, Clinical Genomics, via its wholly-owned subsidiary Enterix Inc., currently offers the user-friendly, patient-preferred colorectal cancer screening InSure® FIT™ assay, a fecal immunochemical test that detects blood in the stool. InSure is also marketed as a lab-based test in Australia and other countries (ColoVantage Home). Building on an established history in the field of CRC screening and diagnosis, Clinical Genomics developed a sensitive and specific blood-based circulating tumor DNA (ctDNA) test for colorectal cancer based on methylated DNA from two genes, BCAT1 and IKZF1. The Company plans to offer this two-gene test for recurrence monitoring later in 2016.

Clinical Genomics has offices and laboratories in Bridgewater and Edison, New Jersey and Sydney, Australia, and operates as an FDA-registered and TGA-licensed manufacturer and a NATA-accredited laboratory.

For more information, please visit www.clinicalgenomics.com.

GlobeNewswire
globenewswire.com

Last updated on: 30/09/2016

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