- Release Date: 12/03/13 11:29
- Summary: DIRECTOR: PEB: PED USA Appoints Director to US Board
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PEB 12/03/2013 09:29 DIRECTOR REL: 0929 HRS Pacific Edge Limited DIRECTOR: PEB: PED USA Appoints Director to US Board 11 March 2013 Pacific Edge Appoints Director to US Board ahead of anticipated Cxbladder launch Pacific Edge has taken a further significant step in the commercialisation in the United States of its ground breaking cancer diagnostic test, Cxbladder, with a high calibre appointment to its US subsidiary, Pacific Edge Diagnostics USA, PEDUSA Board of Directors. Bruce Nogales has extensive experience in life sciences in the United States and international markets and joins the governance team for the Pacific Edge US subsidiary, as a non-executive director. PEDUSA, led by Chief Executive Officer Jackie Walker, is in the final stages of gaining regulatory clearance for its purpose built laboratory in Hershey, Pennsylvania ahead of the anticipated launch of Pacific Edge's Cxbladder in the US market in early 2013. Pacific Edge Chairman Chris Swann says the Company is delighted to have attracted a non-executive director with the biomedical commercialisation experience of Bruce Nogales whose most recent role was as Senior Vice President and General Manager of Talecris Plasma Resources, the largest business segment of the US-based Talecris Biotheraputics group. Bruce has been involved as an executive in several biomedical companies in both the US and Europe. Over the six years with Talecris, Bruce was responsible for designing and launching a new international business platform, including a European distribution network for the group, the establishment of a plasma collection network in the United States and the successful Initial Public Offering (IPO) of Talecris Biotheraputics in 2009. Prior to Talecris, Bruce was senior executive responsible for Aventis Behring's commercial operations in Asia-Pacific, Latin America and emerging markets. "Bruce brings to PEDUSA a deep understanding of the requirements for the successful introduction of new medical and biomedical products in the US, largest healthcare market in the world. Based in the US, Jackie Walker and Bruce Nogales in their executive and governance roles respectively, will lead and help govern the roll-out of this exciting new business commercialising Cxbladder in the United States." Bruce Nogales joins Chris Swann the Chair of Pacific Edge, the New Zealand based parent, along with David Band a non-executive Director of Pacific Edge and the CEO of Pacific Edge, David Darling on the governance board of PEDUSA. Cxbladder, a non-invasive test for the, cost effective and accurate detection of the presence of bladder cancer, is the first commercial application for Pacific Edge following 10 years research into genetic markers. The Company has several products in development underpinned by an extensive portfolio of intellectual property. Many of these patents are now issuing in key geographies. Cxbladder is now commercially available to clinicians and physicians in New Zealand and Australia and is expected to be commercially available in Spain and the US early this year 2013. For further information please contact David Darling Chief Executive Officer Pacific Edge Limited P: +64 (3) 4795800 ABOUT PACIFIC EDGE Pacific Edge Limited (NZX: PEB) is a New Zealand based cancer diagnostic company specialising in the discovery and commercialisation of diagnostic and prognostic technology for the early detection and monitoring of cancer. Products in development and in clinical trials are accurate and simple to use genomic and proteomic tools for the earlier detection, improved characterisation and better management of gastric, bladder, colorectal cancers and melanoma. The company has recently completed and released its first product for the detection of bladder cancer, Cxbladder and is actively marketing the product to urologists in New Zealand, Australia and soon to be Spain and Portugal and the US. www.pacificedge.co.nz ABOUT PACIFIC EDGE DIAGNOSTICS Pacific Edge takes its exciting cancer detection tests to market through its wholly owned subsidiaries, Pacific Edge Diagnostics NZ Ltd and Pacific Edge Diagnostics USA Ltd, and selected commercial partners in Australia and Spain, Healthscope and Oryzon respectively. www.pacificedgedx.com ABOUT Cxbladder Cxbladder is a non-invasive, accurate test that enables the early detection of bladder cancer from a small volume of urine. It provides general practitioners and urologists with a quick, cost effective and accurate measure of the presence of the cancer, and provides urologists with the opportunity to reduce their reliance on the need for invasive tests such as cystoscopy. The recently completed multi-centre international clinical study recruited 467 patients from Australia and New Zealand. Results show that Cxbladder outperforms all of the benchmark technologies in the trial and detected nearly all of the tumours of concern to a urologist; greater than 95% of all late stage and high grade tumours. www.cxbladder.com ABOUT BLADDER CANCER Globally, bladder cancer has the 9th highest incidence and the 4th highest incidence for men. One of the early symptoms of bladder cancer is the presence of blood in the urine, haematuria. People with haematuria often present to their general practitioner before being referred on to a urologist. There are a number of 'at risk' occupations that have shown a much higher incidence of bladder cancer. Fire fighters and fire control officers have shown in a US study to have a 2x incidence of bladder cancer over non fire fighters. Smoking is a significant contributing factor (over 50% in males and 33% in females, approximately 1 of every 2 new incidences of bladder cancer is linked to smoking). Exposure to certain industrial chemicals or carcinogens increases risks for some occupations e.g. hairdressers, painters, printers, fire fighters and metal workers, chemical engineers. Finally, incidence increases with age so the older you are, the greater the potential for bladder cancer. Bladder cancer has a very high recurrence rate of approximately 50%-70% with up to 30% of these recurring as later stage tumours. This is a higher recurrence than for skin cancer! However, bladder cancers are highly treatable, especially if detected in the early stages. If diagnosed early there is a much higher probability of survival for early stage tumours relative to later stage tumours. This makes timely and regular surveillance and monitoring of this cancer a key element of the clinical process and of the individual's annual healthcare plan. End CA:00234038 For:PEB Type:DIRECTOR Time:2013-03-12 09:29:46
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