Exclusive partnership for cancer assay

EDX Medical Group PLC

26 June 2024

 

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English law by virtue of the European (Withdrawal) Act 2018, as amended.  On publication of this announcement via a regulatory information service, this information is considered to be in the public domain.

26 June 2024

EDX Medical Group plc

AQSE: EDX

("EDX Medical" or the "Company")

EXCLUSIVE COMMERCIAL PARTNERSHIP FOR PIONEERING

CANCER DRUGS RESPONSE ASSAY IN UK AND NORDICS

CAMBRIDGE, UK: EDX Medical Group plc, which develops innovative digital diagnostic products and services supporting personalised treatments for cancer, heart disease and infectious diseases, announces today it has signed an exclusive distribution agreement with Curesponse Ltd ("Curesponse"), to market the cResponse™ cancer assay in the UK, Sweden, Finland, Norway and Denmark.

cResponse™ is a groundbreaking platform that biologically assesses how an individual patient's living tumour tissue responds to selected medicines, identifying the most effective treatment options. It is the only clinical-grade technology providing biological response data for chemotherapy, targeted biologics, and immunotherapy drugs. This platform helps clinicians rapidly pinpoint optimal treatments, potentially saving lives, reducing treatment costs, and accelerating the discovery and development cycles for pharmaceutical companies seeking new cancer drugs.

The cResponse™ platform generates a report ranking selected cancer drugs based on their predicted effect on an individual patient's tumour, demonstrating over 90% accuracy in clinical trials. The test can be augmented with rapid genomic sequencing to identify additional drug candidates for functional analysis. The entire process is powered by proprietary technologies and advanced AI algorithms. The platform technology has been refined and calibrated using thousands of cancer tissues, demonstrating its clinical utility and effectiveness through hundreds of cases in Israel and the UK. The cResponse™ test is performed at a United Kingdom Accreditation Service (UKAS) accredited lab in London and has also earned a CE mark for Europe, underscoring its regulatory approval and readiness for clinical use.

EDX Medical will initiate commercial activities to support the clinical use of the cResponse™ assay in the UK and Nordics with immediate effect and will explore broadening the agreement with Curesponse in due course.

Professor Sir Chris Evans, OBE, founder of EDX Medical plc, commented: "We are delighted to be increasing accessibility to this genuinely innovative and pioneering test which potentially offers tremendous benefit to those treating cancer and their patients. This product is an excellent addition to our rapidly growing portfolio of class-leading diagnostic solutions."

Dr Mike Hudson, CEO, EDX Medical plc, said: "We are very pleased to have been selected by Curesponse as their partner, and to be able to make their breakthrough assay available for our clients in the UK and Nordics. We consider cResponse™ to be an outstanding innovation in the fast-moving clinical cancer diagnostic landscape."

Guy Neev, CEO of Curesponse Ltd, commented: "We are thrilled to partner with EDX Medical Group to bring our cResponse™ platform to patients and clinicians in the UK and Nordic countries. Our mission at Curesponse is to make this technology available to cancer patients to optimize treatment outcomes and save lives. This collaboration is a significant step toward achieving that goal. We look forward to working closely with the EDX Medical team to ensure the successful adoption and implementation of this groundbreaking decision support tool."

The Board of directors of EDX Medical plc accepts responsibility for this announcement.

Contacts:

EDX Medical plc
Dr Mike Hudson (Chief Executive Officer)	[phone]
Oberon Capital
Nick Lovering (Corporate Adviser) Adam Pollock (Corporate Broking) Mike Seabrook (Corporate Broking)	[phone]
Media House International
Ramsay Smith Gary McQueen	[phone] [e-mail] + 44 (0)7834 694609 [e-mail]
IFC Advisory (Investor Relations) Tim Metcalfe Graham Herring	[phone]

Notes for Editors:

About EDX Medical Group 

The EDX Medical Group plc is listed on the Apex Segment of the AQSE Growth Market (TIDM: EDX).

EDX Medical was founded by Professor Sir Christopher Evans, OBE, a medical and life sciences entrepreneur with more than 30 years of experience, together with CEO, Dr Mike Hudson.

By translating clinical insights into pragmatic solutions combining advanced biological and digital technologies, EDX Medical seeks to cost effectively improve the detection and characterisation of disease in order to personalise treatment in a timely fashion. Early disease detection and biologically-based personal treatment optimisation is considered to be the most impactful way of reducing deaths and lowering the cost of healthcare globally.

EDX Medical Group provides doctors, hospitals and insurers/payers with access to a portfolio of the best clinical diagnostics products and services. The Company operates its own facilities in Cambridge and Oxford, UK, and has strategic product and technology partnerships with organisations such as Thermo Fisher EMEA Ltd, a world leader in supplying life sciences solutions and services.

EDX Medical conducts product development, validation and distribution to ISO 13485 and provides PCR and genomic sequencing services accredited to ISO 15189 by the United Kingdom Accreditation Service (UKAS).

www.edxmedical.com

About Curesponse Ltd

Curesponse is a pioneering leader in precision oncology. Founded on extensive research originating from the esteemed Weizmann Institute of Science on the Tumour-Micro-Environment, and supported by impactful publications, Curesponse is transforming the landscape of cancer care and oncology drug development.

The company has developed a Personal Derived Explants (PDE) platform, with the ability to accurately predict human responses to a diverse range of cancer therapies and oncology drug candidates with an unprecedented accuracy rate. This platform enables personalised matching with the most suitable drug from the outset, maximizing the likelihood of a favourable response, reducing unnecessary treatments, and generating cost savings for healthcare systems.

The company operates accredited labs in Israel and in the UK at the London Cancer Hub. and has landmarked a CE mark for Europe and granted patents for EU and US, in its expansion roadmap.

www.curesponse.com

 

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