Breakthrough: GeneType for Pancreatic Cancer, Melanoma, and Atrial Fibrillation Cleared for Australian Release
12 Septembre 2023 - 2:00PM
Genetic Technologies Limited (GTG), a pioneering global leader in
genomics-based tests focused on health, wellness, and the battle
against serious diseases, proudly announces a groundbreaking
development. The expanded geneType Multi-Risk Test is now readily
accessible for order in Australia, marking a significant milestone
in the journey to redefine preventative healthcare.
Early 2023, GTG unveiled the tests in the United
States, introducing three additional diseases to the already
remarkable geneType Multi-Risk Test platform. Today, with immense
pride, we share the news that these innovations, including
assessments for Pancreatic Cancer, Melanoma, and Atrial
Fibrillation, have been authorized for sale in Australia by
National Association of Testing Authority (NATA). This expanded
genetic test now offers a comprehensive evaluation of risk for a
total of nine individual serious diseases, all extracted from a
single, simple saliva sample.
The risk assessment panel revolves around
Oncology, Cardiovascular, and Metabolic diseases, covering:
- Breast
Cancer
- Ovarian
Cancer
- Pancreatic
Cancer
- Prostate
Cancer
- Melanoma
- Colorectal
Cancer
- Diabetes
- Coronary Artery
Disease
- Atrial
Fibrillation
The approval granted by NATA follows the release
in March by the Centers for Medicare & Medicaid (CMS) to offer
the enhanced panel in the United States.
The expanded Multi-test panel caters to
individuals of diverse ethnic backgrounds, focusing on those over
the age of 30. Each of these newly incorporated diseases holds a
significant threat to public health, with dire statistics calling
for immediate attention.
According to the Australian Institute of Health
and Welfare, 2023 is expected to witness approximately 10,639 new
cases of melanoma, Australia's third most diagnosed cancer.
Pancreatic cancer estimates are even grimmer, projecting 2,355 new
diagnoses in 2023, with a staggering 87% mortality rate. Early
identification of high-risk individuals for both melanoma and
pancreatic cancer offers a vital window for early intervention,
potentially saving countless lives.
In the case of atrial fibrillation (AFib),
research indicates its impact on approximately 2% of the Australian
population, equating to over 500,000 individuals. Detecting AFib
early can pave the way for interventions that improve patient
outcomes, extend life expectancy, and save lives.
Simon Morriss, CEO of GTG, states, "Securing
approval for the expanded version of the Multi-test in Australia
underscores GTG's unwavering dedication to lead the world in
delivering personalized risk assessments, thereby enabling
population wide preventative healthcare for a range of serious
diseases."
Authorised for release by the board of directors
of Genetic Technologies Limited.
Enquiries
Investor RelationsAdrian
MulcahyAutomic MarketsM: +61 438 630 411E:
adrian.mulcahy@automicgroup.com.au
About Genetic Technologies
Limited
Genetic Technologies Limited (ASX: GTG; Nasdaq:
GENE) is a diversified molecular diagnostics company. A global
leader in genomics-based tests in health, wellness and serious
disease through its geneType and EasyDNA brands. GTG offers cancer
predictive testing and assessment tools to help physicians to
improve health outcomes for people around the world. The company
has a proprietary risk stratification platform that has been
developed over the past decade and integrates clinical and genetic
risk to deliver actionable outcomes to physicians and individuals.
Leading the world in risk prediction in oncology, cardiovascular
and metabolic diseases, Genetic Technologies continues to develop
risk assessment products. For more information, please visit
www.genetype.com
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