Site icon pharmaceutical daily

Diaceutics Collaborates With Industry Advisor Network to Publish Multiple Cancer Insights

Diaceutics research, published in five studies at this year’s ASCO conference, exposes inefficiencies in precision medicine testing for multiple cancers


Key insights include:

PARSIPPANY, N.J.–(BUSINESS WIRE)–#ASCO20–Diaceutics today reveals new data insights into key areas of cancer testing. In collaboration with the company’s network of industry advisors, the research has just been published in four abstracts and one poster at this year’s virtual American Society of Clinical Oncology (ASCO) conference. It exposes inefficiencies in precision medicine testing that are preventing patients from getting the treatment that they need, when they need it.

Diaceutics’ ASCO research provides a snapshot of the breadth of testing issues that can be addressed through collaboration on the DXRX network. The value of this can be seen in its FLT3 research, for example: using a standard health economic model1, Diaceutics calculated that failure to test for FLT3 could lead to an economic burden in the US of $148 million to $445 million where Midostaurin could have been prescribed, and $139 million to $417 million where Giltertinib would have been the appropriate treatment.

Research Highlights

Chief Technical Officer, Jordan Clark, said: “Our data consistently reveals that testing inefficiencies due to a lack of collaboration among precision medicine stakeholders remains today’s most significant obstacle to getting every patient the treatment they deserve.

“To address this need for collaboration, we have spent the last 10 years building relationships with more than 2,500 laboratories and industry leading service providers in areas such as pathology training, health economics, reference standards, EQA and digital enablement.

“DXRX by Diaceutics will unlock the power of our data for all members of this network, delivering significantly more value for all stakeholders in precision medicine and, most of all, for patients.

”Several of the abstract authors are industry advisors in the DXRX network, and these studies demonstrate the power of being able to facilitate the collaboration required to advance our mission of getting every patient the treatment they deserve.”

Diaceutics will launch DXRX, the world’s first diagnostic network in precision medicine, in Q4 2020 to help solve these issues through global stakeholder collaboration.

Through DXRX, Diaceutics will make these alliances and its real-world data repository available to its network of pharmaceutical, laboratory and diagnostic partners. Laboratory and diagnostic partners will join the DXRX network in Q3 2020, and pharmaceutical partners will gain access in Q4.

DXRX is industry shorthand for diagnostics (DX) and therapy (RX). For more information visit https://dxrx.diaceutics.com/

Diaceutics’ published research is available at https://dxrx.diaceutics.com/data-insights.html

– Ends –

Notes to editor:

1Calculation was made using a standard health economist model which describes the economic burden of a disease in quality-adjusted life years (QALYs). In the US, a QALY is valued at $50K to $150K. Diaceutics therefore calculated the economic cost of failing to treat AML patients with the appropriate precision treatment due to lack of FLT3 testing.

Publication authors:

2
Raymond Henderson, Dave Smart, Declan French, Jordan Clark, Kenneth Joel Bloom, Derek Hosty, Mark Lawler; Diaceutics, Belfast, United Kingdom; Queen’s University Belfast, Belfast, United Kingdom; Clarient Diagnostic Services, Inc., Aliso Viejo, CA; Diaceutics Plc, Belfast, United Kingdom

3Markus Eckstein, Kenneth Joel Bloom, Susanne Munksted Fosvig, Marieke Hoefsmit, Jordan Clark; Institute of Pathology, Universitatsklinikum Erlangen, Friedrich-Alexander-Universitat Erlangen-Nürnberg, Erlangen, Germany; Clarient Diagnostic Services, Inc., Aliso Viejo, CA; Diaceutics, Belfast, United Kingdom

4Markus Eckstein, Kenneth Joel Bloom, Peter Riccelli, Frank Policht, Derry Mae Keeling, Jordan Clark; Institute of Pathology, Universitatsklinikum Erlangen, Friedrich-Alexander-Universitat Erlangen-Nürnberg, Erlangen, Germany; Clarient Diagnostic Services, Inc., Aliso Viejo, CA; Diaceutics Inc, Parsippany, NJ; Diaceutics Plc, Belfast, United Kingdom; Diaceutics, Belfast, United Kingdom

5Fotios Loupakis, Kenneth Joel Bloom, Wendy Allen, Enya Scanlon, Isabel Stacey, Derry Mae Keeling, Nital Patel, Jordan Clark; Istituto Toscano Tumori, Pisa, Italy; Clarient Diagnostic Services, Inc., Aliso Viejo, CA; Queens University Belfast, Belfast, United Kingdom; Queen’s University Belfast, Belfast, United Kingdom; Diaceutics, Belfast, United Kingdom; Diaceutics Plc, Belfast, United Kingdom; Diaceutics, Parsippany, NJ

6Kenneth Joel Bloom, Adam Idica, Dave Smart, Wendy Allen, Enya Scanlon, Jordan Clark; Clarient Diagnostic Services, Inc., Aliso Viejo, CA; DIACEUTICS, Carlsbad, CA; Diaceutics, Belfast, United Kingdom; Queens University Belfast, Belfast, United Kingdom; Queen’s University Belfast, Belfast, United Kingdom

About Diaceutics

Diaceutics PLC is a diagnostic commercialisation company for the Precision Medicine industry. The Company, quoted on the AIM Market of the London Stock Exchange, is enabling pharma to accelerate their market penetration and achieve a better return on precision medicine therapies by helping them to revolutionize patient testing. Diaceutics will launch DXRX, the world’s first diagnostic network in precision medicine, in Q4 2020. By generating insights from its clinical laboratory testing and other data, Diaceutics helps pharma understand and leverage the diagnostic landscape through initiatives that improve patient testing, leading to better treatment outcomes. The Company works with more than 35 global pharmaceutical companies across hundreds of precision medicine projects. The Company employs a leading global group of experts from the laboratory, diagnostic and pharmaceutical industries. www.diaceutics.com

Contacts

Allan Chapman

Comit Communications & Marketing

achapman@comit.ie
+353 87 2359092

Sarah-Jayne Tobin

Comit Communications & Marketing

sarahjayne@comit.ie
+353 86 3997917

Exit mobile version