RHY 0.00% 6.8¢ rhythm biosciences limited

Many world wide companies are blood testing for colorectal cancer, page-7

  1. 4,374 Posts.
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    It's more than just embarrassing. Wrong assertions and assumptions all the way through.

    • In a mass screening program the ColoSTAT tests would be free to the public,
    • Glenn Gilbert explicitly used $50 per test as the base figure, not $100 or $150.
    • if you were getting tested privately most likely it would be covered by private medical insurance ($300 cost for ColoSTAT for the insurer is better than $4000 for a colonoscopy),
    • Rhythm actually uses a graphic in their presentations of the possible competition for ColoSTAT and the competition either is much more expensive and / or not as good at picking up colorectal cancer. No one is saying Rhythm is the only company offering a product in this space.
    • There is no suggestion that you would confirm a positive test from ColoSTAT with a faecal test. Clearly, obviously, the next step would be a colonoscopy.
    • The whole advantage of ColoSTAT - that because ColoSTAT ranks higher in sensitivity and specificity than FIT then there is less chance of a false negative or a false positive result - is glossed over by saying waiting for a test result, any test result, can be stressful.
    • Rhythm has provided survey results which clearly show that most people prefer a blood test over a faecal test and the stats clearly show the low update of faecal tests. It is very common for older people to have annual blood tests already. All the evidence to hand indicates the very opposite to what was asserted in the post.
    • It is crystal clear that Rhythm is already talking to the major pathology labs and to public health authorities in numerous countries about the adoption of ColoSTAT. To suggest this process will take another decade is outrageous. You only have to look at how FIT was adopted into mass screening programs to see the time scale a change like this can happen. That Rhythm has recently appointed a second manufacturer for the test kit to help ramp up production puts a lie to that assertion.

    I have to say that the post is one of the most misleading and comprehensively wrong I have seen on hc in more than a decade and a half here. Dangerous in its deception, imo. The only doubt I have is whether it is the result of malice or stupidity.
 
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