19 September 2017
First Distribution Agreements Signed for EarlyCDT®-Lung Kit in Europe
Exclusive agreements for Denmark, Norway and Sweden with aggregate minimum sales commitment of approximately £500,000
Nottingham, UK – 19 September 2017: Oncimmune Holdings plc (AIM: ONC.L), a leading early cancer detection company developing and commercialising its proprietary EarlyCDT® platform technology, today announces it has signed three new exclusive distribution agreements for its EarlyCDT®- Lung test with LabLab ApS, Diuvita Diagnostics AS and XboXLab AB in Denmark, Norway and Sweden respectively.
The agreements allow for the sale of the CE marked kit to local laboratories and as a central laboratory test. The three agreements are for an initial term of three years and include minimum sales commitments of approximately £500,000. First sales are expected to commence late in 2017/early 2018.
“These distribution agreements, which we anticipate to be the first of many across Europe, give us full coverage of the Scandinavian region where we have received a great deal of interest in our EarlyCDT®–Lung test. As part of the strategy indicated at the time of our IPO, we outlined our plan to grow into multiple regions with multiple products and these latest agreements not only show our commitment to that strategy but also indicate the strength and potential of our EarlyCDT®–Lung test and kit.”
Geoffrey Hamilton-FairleyCEO of Oncimmune
For further information:
Oncimmune Holdings plc
Geoffrey Hamilton-Fairley, Chief Executive Officer
Zeus Capital Limited
Phil Walker, Giles Balleny, Hugh Kingsmill Moore
+44 (0) 203 829 5000
Consilium Strategic Communications
Chris Gardner, Matthew Neal, Lindsey Neville
+44 (0) 20 3709 5708
Oncimmune is a leading early cancer detection company developing and commercialising its proprietary EarlyCDT® platform technology. Oncimmune has pioneered the development of autoantibody tests that can detect cancer up to four years earlier than other methods and can be applied to a very wide range of solid tumour types. The Company’s first product, EarlyCDT®-Lung, was launched in 2012, as a CLIA test in the USA and since then over 150,000 commercial tests have been sold. EarlyCDT®-Lung is available through physicians in the US and also privately in the UK and other regions. EarlyCDT®-Lung is being used in the largest ever randomised trial for the early detection of lung cancer using biomarkers. The NHS Scotland ECLS study of over 12,000 high-risk smokers is now fully recruited and in the final follow up stage. EarlyCDT® tests for liver and ovarian cancer are in development.
Oncimmune, headquartered in Nottingham, United Kingdom with testing facilities in the US, joined AIM in May 2016 under the ticker ONC.L. For more information visit www.oncimmune.com