Stock Market News
Oncimmune launches liver cancer biopsy product in US
Early cancer detection firm Oncimmune Holdings announced on Monday that it has launched a liver cancer biopsy in the US using its EarlyCDT platform.
The biopsy, which is the second product to be launched using the AIM traded company's EarlyCDT platform, is a test for hepatocellular carcinoma (HCC) with a specificity of 97%, meaning that results can be analysed with a "high degree of certainty" according to Oncimmune.
Geoffrey Hamilton-Fairley, chief executive of Oncimmune, commented: "We are very pleased to announce the commercial availability of our EarlyCDT-Liver test, the second product from our EarlyCDT® platform technology, on schedule."
The prior product launched using the EarlyCDT platform was the EarlyCDT-Lung biopsy.
The company said it intends to distribute a 'kit' version of the liver biopsy product worldwide by the end of the first quarter of 2019.
The product is planned to be used in conjunction with the current existing diagnostic test alpha fetoprotein (AFP), which has come under scrutiny for questionable detection of HCC specifically.
"Currently most HCC cases are only detected once symptoms appear and usually in later stages of the disease. Our test, which measures autoantibodies, with exceptional specificity, can detect liver cancer in its early stages of development, giving the patient the chance of more treatment options and better prognosis. The validated test performance on early stage cancers means it should add significantly to current imaging," said Hamilton-Fairley.
Liver cancer is the second most fatal cancer on the planet and is associated with hepatitis B and C infections, consumption of alcohol, smoking and poor diet.
700,000 new cases are diagnosed ever year and over 600,000 deaths per year are attributed to the cancer.
As of 1640 BST, Oncimmune Holdings' shares were up 4.78% at 129.40p.
The biopsy, which is the second product to be launched using the AIM traded company's EarlyCDT platform, is a test for hepatocellular carcinoma (HCC) with a specificity of 97%, meaning that results can be analysed with a "high degree of certainty" according to Oncimmune.
Geoffrey Hamilton-Fairley, chief executive of Oncimmune, commented: "We are very pleased to announce the commercial availability of our EarlyCDT-Liver test, the second product from our EarlyCDT® platform technology, on schedule."
The prior product launched using the EarlyCDT platform was the EarlyCDT-Lung biopsy.
The company said it intends to distribute a 'kit' version of the liver biopsy product worldwide by the end of the first quarter of 2019.
The product is planned to be used in conjunction with the current existing diagnostic test alpha fetoprotein (AFP), which has come under scrutiny for questionable detection of HCC specifically.
"Currently most HCC cases are only detected once symptoms appear and usually in later stages of the disease. Our test, which measures autoantibodies, with exceptional specificity, can detect liver cancer in its early stages of development, giving the patient the chance of more treatment options and better prognosis. The validated test performance on early stage cancers means it should add significantly to current imaging," said Hamilton-Fairley.
Liver cancer is the second most fatal cancer on the planet and is associated with hepatitis B and C infections, consumption of alcohol, smoking and poor diet.
700,000 new cases are diagnosed ever year and over 600,000 deaths per year are attributed to the cancer.
As of 1640 BST, Oncimmune Holdings' shares were up 4.78% at 129.40p.
Related share prices |
---|
Oncimmune Holdings (ONC) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price