CGI's Proprietary
DNA-Based Test for Cervical Cancer, FHACT(TM), Adopted by Leading Kamineni
Hospital Group in India for the Diagnosis and Triaging of Cervical Cancer
-- There are over 123,000 new cervical
cancer cases in India each year where
it is a leading cause of cancer
mortality, causing 17% of deaths in women
30-69 years of age.
-- Adoption of FHACT(TM) cervical cancer
test by Kamineni Hospitals
positions CGI to significantly improve
women's health in India.
RUTHERFORD, N.J., March
20, 2014 (GLOBE NEWSWIRE) -- Cancer Genetics, Inc. (Nasdaq:CGIX)
("CGI" or the "Company"), an emerging leader in DNA-based
diagnostics, announced today that Kamineni Hospitals based in Hyderabad, India,
have introduced CGI's FHACT(TM) diagnostic test for the detection and
management of cervical cancer. This is the first broad-scale adoption of the
genomic test in India where cervical cancer is the most prevalent cancer
affecting women.
CGI's FISH-Based
HPV-Associated Cancer Test (FHACT(TM)) assesses genomic alterations commonly
observed in cervical pre-cancer and cancer upon infection and persistence of
HPV. FHACT(TM) is a unique DNA FISH probe combination of four genomic
biomarkers that can be used on remnant liquid Pap cytology or on conventional
Pap smear.
Cervical cancer is the
most common cancer affecting women in India, where cervical cancer contributes
to 20-30% of total global incidence.(1) In 2012, there were roughly 528,000 new
cases diagnosed worldwide, 123,000 of them in India.(2) Due to the prevalence
and ongoing growth of cervical cancer in India, the adoption of FHACT(TM) by
Kamineni represents a major opportunity to improve women's health and
potentially improve patient outcomes. This launch culminates a collaboration
begun in July of 2013 to assess the value and clinical utility of FHACT(TM) in
India.
Panna Sharma, President
and CEO of CGI, stated, "Kamineni is a leading hospital system in India
and a model for the future health enterprise where they bring together
physicians, researchers and world-class facilities to aggressively pursue
solving and managing serious health conditions."
Cervical cancer mortality
rates in India remain high due to late screening and a lack of effective
screening programs. Kamineni Hospitals will be offering the test in conjunction
with Pap smear and HPV testing, and believes that the test will allow for more
wide-spread, early detection of cervical cancer. CGI's FHACT(TM) test doesn't
require additional patient visits to the doctor or laboratory and offers a
significant advantage for predominantly rural populations in India and other
developing countries, where access to healthcare providers is limited. CGI is
actively pursuing and seeking additional collaborations in high growth,
developing economies where managing cervical cancer is a primary health
concern.
FHACT(TM) is a unique
combination of four genomic biomarkers that can be used on remnant liquid pap
cytology or on conventional Pap smear. In the U.S. the test is offered in CGI's
CLIA laboratory in New Jersey and is intended to help in the triaging
associated with the diagnosis and management of the approximately 3.5 million
abnormal Pap smears in the U.S.
About
Cancer Genetics:
Cancer Genetics, Inc. is
an emerging leader in DNA-based cancer diagnostics, servicing some of the most
prestigious medical institutions in the world. Our tests target cancers that
are difficult to diagnose and predict treatment outcomes. These cancers include
hematological, urogenital and HPV-associated cancers. We also offer a
comprehensive range of non-proprietary oncology-focused tests and laboratory
services that provide critical genomic information to healthcare professionals,
as well as biopharma and biotech companies. Our state-of-the-art reference lab
is focused entirely on maintaining clinical excellence and is both CLIA
certified and CAP accredited and has licensure from several states including
New York State. We have established strong research collaborations with major
cancer centers such as Memorial Sloan-Kettering, The Cleveland Clinic, Mayo
Clinic and the National Cancer Institute. For further information, please see
www.cancergenetics.com.
Forward-Looking
Statements:
This press release
contains forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements pertaining to future
financial and/or operating results, future growth in research, technology,
clinical development and potential opportunities for Cancer Genetics, Inc.
products and services, along with other statements about the future
expectations, beliefs, goals, plans, or prospects expressed by management
constitute forward-looking statements. Any statements that are not historical
fact (including, but not limited to, statements that contain words such as
"will," "believes," "plans,"
"anticipates," "expects," "estimates") should
also be considered to be forward-looking statements. Forward-looking statements
involve risks and uncertainties, including, without limitation, risks inherent
in the development and/or commercialization of potential products, uncertainty
in the results of clinical trials or regulatory approvals, need and ability to
obtain future capital, maintenance of intellectual property rights and other
risks discussed in the Company's Form 10-Q for the quarter ended September 30,
2013 and other filings with the Securities and Exchange Commission. These
forward-looking statements speak only as of the date hereof. Cancer Genetics
disclaims any obligation to update these forward-looking statements.
Source: http://online.wsj.com/article/PR-CO-20140320-906754.html
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