PEB pacific edge limited

Ann: GENERAL: PEB: Cxbladder User Program research agreement signed

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    • Release Date: 27/08/14 10:03
    • Summary: GENERAL: PEB: Cxbladder User Program research agreement signed
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    					PEB
    27/08/2014 10:03
    GENERAL
    
    REL: 1003 HRS Pacific Edge Limited
    
    GENERAL: PEB: Cxbladder User Program research agreement signed
    
    27 August 2014
    
    Cxbladder User Program research agreement signed with Kaiser Permanente
    Southern California
    
    Pacific Edge Ltd has signed an agreement with Southern California Permanente
    Medical Group (SCPMG) to research its User Program to evaluate its bladder
    cancer technology Cxbladder within the clinical settings of Kaiser
    Permanente's health care network.
    
    The Kaiser Permanente User Program research project is planned to recruit
    approximately 2000 patients presenting with microscopic and macroscopic
    hematuria (blood in the urine), from the 3.7 million members of Kaiser
    Permanente Southern California.
    
    The User Program research is scheduled to begin later this year with results
    completed in early 2015.
    
    Pacific Edge Chief Executive David Darling says User Programs are a key part
    of the adoption process where customers are able to obtain data and specific
    experience of the benefits of using the Cxbladder technology in their own
    clinical settings.
    
    Operating in eight states, Kaiser Permanente is one of America's leading
    health care providers with a not-for-profit health plan. With their provision
    of services to 9.5 million people, Kaiser Permanente cares for a population
    twice the size of all of New Zealand's District Health Boards.
    
    "Cxbladder is targeted to provide clinicians with a means to identify
    patients with a high degree of surety who do not have bladder cancer. It is
    anticipated that significant advantages will accrue to both the patient and
    the health care provider from the successful integration of Cxbladder into
    the clinical setting. Typically less than 5 per cent of those patients who
    present to their clinician with microscopic hematuria (non-visible blood in
    urine of clinical significance) will be diagnosed with bladder cancer and
    approximately 12 per cent of those patients who present with visible blood in
    their urine.  At present nearly all patients with hematuria are currently
    required to have an expensive clinical work-up to identify those requiring
    further investigation."
    
    User Program samples collected in Cxbladder's proprietary urine sampling
    system will be sent to PEDUSA, the Company's purpose built laboratory in
    Hershey, Pennsylvania for the laboratory analysis. Cxbladder results will be
    collated with clinical information and analysed by an independent team at
    SCPMG.
    
    Pacific Edge Diagnostic USA, CEO Jackie Walker says "Kaiser Permanente is
    well regarded in the medical community for providing the highest standards of
    health care for its members through development and early adoption of
    industry leading technology."
    
    Results from the peer reviewed multi-centre Cxbladder clinical trial of 485
    patients published in the prestigious Journal of Urology in the United States
    in September 2012 showed that Cxbladder outperformed all other benchmark
    technologies used in the trial and identified nearly all tumours of interest
    to clinicians.
    
    Cxbladder is currently being evaluated in New Zealand for a similar clinical
    value proposition by Mid-Central District Health Board in Palmerston North.
    The commercial evaluation by Mid-Central DHB is to establish the levels of
    patient benefits and savings that can be achieved from the use of Cxbladder
    in a similar clinical setting to Kaiser Permanente by ruling out patients
    referred with micro-haematuria who do not have bladder cancer.
    
    For more information contact:
    
    David Darling
    Chief Executive Officer
    Pacific Edge Ltd
    P: +64 (3) 479 5800
    
    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 the US and
    soon in Spain.
    
    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 proprietary, accurate molecular diagnostic test that enables
    the non-invasive 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 published, Journal of Urology in September
    2012, multi-centre international clinical study recruited 485 patients from
    Australia and New Zealand.
    Results show that Cxbladder out-performed all of the benchmark technologies
    in the clinical trial and detected nearly all of the tumours of concern to a
    urologist; At a performance of 82% sensitivity and 85% specificity the test
    sees 100% of T1, 100% of T2, 100% of T3, 100% of Tis and 100% of upper
    urinary tract cancers and 97% of high grade tumours.
    
    www.cxbladder.com
    End CA:00254465 For:PEB    Type:GENERAL    Time:2014-08-27 10:03:29
    				
 
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