Adeza's FullTerm, The Fetal Fibronectin Test Available Through Quest Diagnostics Nationwide
04 Mai 2006 - 10:01PM
Business Wire
Adeza (NASDAQ:ADZA) today announced that Quest Diagnostics
Incorporated (NYSE:DGX), the nation's leading provider of
diagnostic testing, information and services, is offering reference
laboratory service for Adeza's FullTerm(TM), The Fetal Fibronectin
Test to physicians nationwide. Through its national network of
laboratories and patient service centers, Quest Diagnostics will
analyze fetal fibronectin test samples collected from patients by
physicians' offices and clinics throughout the United States. Terms
of the agreement were not disclosed. "Increasing the nationwide
availability of FullTerm, The Fetal Fibronectin Test through Quest
Diagnostics better positions Adeza to further penetrate the market
for women at risk for preterm birth who are typically seen in the
physician's office," said Emory V. Anderson, president and chief
executive officer. Of the approximately 4 million births that occur
annually in the United States, more than 500,000, or approximately
one per minute, are premature. According to the New England Journal
of Medicine, preterm births have historically accounted for up to
85% of all pregnancy-related complications and deaths in the United
States. The March of Dimes estimates that more than $18.1 billion
in costs were associated with the care of preterm or
low-birth-weight infants in 2003. "Fetal fibronectin is an adhesive
glycoprotein that is the 'glue' at the maternal-fetal interface of
pregnant women and is a direct biochemical predictor of preterm
birth risk. A woman with a negative or normal fetal fibronectin
test result at 22 to 24 weeks has less than a 1% chance of delivery
in the next four weeks, which can provide reassurance and valuable
peace of mind during a period of time that is exciting and
stressful. However, a woman with a positive or elevated fetal
fibronectin test result is nearly 60 times more likely to deliver a
premature infant within the next four weeks or before her next
routine prenatal visit," said Durlin E. Hickok, MD, vice-president,
medical affairs. "According to published studies, the fetal
fibronectin test has been shown to be the single strongest
independent predictor of preterm birth." About Adeza Adeza designs,
manufactures and markets innovative products for women's health.
Adeza's initial focus is on reproductive healthcare, using its
proprietary technologies to predict preterm birth and assess
infertility. Adeza's principal product is a patented diagnostic
test, FullTerm, The Fetal Fibronectin Test, which utilizes a
single-use, disposable cassette and is analyzed on Adeza's patented
TLiIQ(R) System. This product is approved by the U.S. Food and Drug
Administration (FDA) for use in assessing the risk of preterm
birth. Adeza also markets and sells the E-tegrity(R) Test, an
infertility-related test to assess receptivity of the uterus to
embryo implantation in women with unexplained infertility. More
information is available at www.adeza.com. Adeza cautions you that
statements included in this press release that are not a
description of historical facts may be forward-looking statements,
including, for example, statements relating to Adeza's marketing
strategy and its relationship with Quest Diagnostics. The inclusion
of forward-looking statements should not be regarded as a
representation by Adeza that any of its plans will be achieved.
Actual results may differ materially from those set forth in this
release due to the risks and uncertainties inherent in Adeza's
business including, without limitation, statements about its
business and marketing strategy, business and marketing execution,
and the expansion of the indications for its products. Further
information about these and other risks is included in Adeza's
Annual Report on Form 10-K and other periodic and current reports
filed by Adeza with the Securities Exchange Commission, which are
available from the SEC's website (www.sec.gov), and also available
on the Investors section of our website. All forward-looking
statements are qualified in their entirety by this cautionary
statement and Adeza undertakes no obligation to revise or update
this news release to reflect events or circumstances after the date
hereof. All forward-looking statements are qualified in their
entirety by this cautionary statement and Adeza undertakes no
obligation to revise or update this news release to reflect events
or circumstances after the date hereof.
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