Enzo Biochem, Inc. (NYSE:ENZ) today announced that it has entered into
an agreement with GeneNews (TSX: GEN), of Toronto, Canada, for exclusive
rights to market GeneNews’ ColonSentry™, a proprietary blood test for
colorectal cancer, in the states of New York and New Jersey.
Enzo will undertake to validate and seek approval of the ColonSentry™
test pursuant to New York, New Jersey and CLIA [Clinical Laboratory
Improvement Act] requirements, in addition to marketing, and securing
third party reimbursement for the test. Terms were not disclosed. Enzo
said that subject to regulatory and reimbursement approval, among
others, it hopes to make the test available in the second half of 2010.
The test offers a novel, non-invasive option for determining an
individual’s current risk for colorectal cancer and helps prioritize
patients at greater risk for the disease.
"Enzo Labs’ objective is to become a world-class provider of both
routine and esoteric clinical tests, including molecular diagnostics, in
line with the changing dynamics in health care,” said Kevin Krenitsky,
MD, President of Enzo Labs. "We are therefore pleased to join with
GeneNews as its exclusive marketing partner in New York and New Jersey
in making this product available to the medical communities we serve and
their patients.”
"The greatest barrier to reducing mortality rates arising from
colorectal cancer is patient compliance with screening,” said Dr.
Bernard Levin, an internationally recognized expert in colorectal cancer
screening and Chair of the GeneNews Colorectal Cancer Clinical Advisory
Board. "As a blood-based test, ColonSentry™ can encourage individuals to
undergo screening which could lead to earlier detection, thereby
potentially reducing the suffering and death that can result from this
highly treatable disease.”
"GeneNews is pleased to be working with Enzo, a leader in the diagnostic
lab field,” said Dr. Heiner Dreismann, Lead Director and Interim CEO of
GeneNews. "Enzo is our first US regional marketing partner and will
provide an important segment of the eligible US population with access
to our ColonSentry test.”
About Colorectal Cancer and Screening
In the U.S., colorectal cancer is the third leading cause of cancer
deaths for men and women. Colorectal cancer has a very poor prognosis if
it is diagnosed after the cancer has spread distantly outside the colon;
however, if it is detected early it is usually curable. Additionally,
detecting and removing pre-cancerous polyps may help prevent cancer from
developing. Current screening tests are generally invasive, expensive,
inconvenient or not readily available. As a result, the vast majority of
individuals eligible for screening are not adequately screened. It is
estimated that about 80 million people in the U.S. aged 50 or older
would benefit from regular screening and that only approximately 45% of
this group comply with current screening guidelines. Outside the U.S.,
screening compliance rates are much lower.
About Enzo
Enzo Biochem, Inc., is a growth-oriented integrated life sciences and
biotechnology company focused on harnessing biological process to
develop research tools, diagnostics and therapeutics, and serves as a
provider of both routine and esoteric test services to the medical
community. Since its founding in 1976, the Company’s strategic focus has
been on the development of enabling technologies in the life sciences
field. Enzo Life Sciences develops, produces and markets proprietary
labeling and detection products for gene expression analysis, nucleic
acid detection, protein biochemistry, and cellular analysis, among
others. Its catalog of over 40,000 products serve the molecular
biology, cellular biochemistry, drug discovery and pathology research
markets worldwide. Enzo Clinical Labs division provides laboratory
services for a growing roster of physicians in the New York Metropolitan
area, as well as New Jersey and parts of Pennsylvania. Its tests
include, in addition to routine tests, capabilities for detecting
molecular infectious disease, molecular oncology, autoimmune disorders
and genetics. Enzo Clinical Labs also provides clinical diagnostic
services that allows Enzo to capitalize on its extensive advanced
molecular and cytogenetic capabilities and the broader trends in
predictive and personalized diagnostics. Enzo Therapeutics is a
biopharmaceutical venture that has developed multiple novel approaches
in the areas of gastrointestinal, infectious, ophthalmic and metabolic
diseases. It has focused its efforts on developing treatment regimens
for diseases and conditions for which current treatment options are
ineffective, costly, and/or cause unwanted side effects. In the course
of the company’s research and development activities, Enzo has developed
a substantial portfolio of intellectual property assets, with over 240
issued patents worldwide and more than 200 pending patent applications.
About GeneNews
GeneNews is an emerging molecular diagnostics company focused on the
application of functional genomics to enable early diagnosis and
personalized health management based on disease-specific biomarkers. The
Company has been granted a U.S. patent for its core platform technology,
the Sentinel Principle®, which has the power to detect and stage
virtually any disease or medical condition from a simple blood sample.
GeneNews is currently applying the Sentinel Principle® in major areas
with unmet clinical needs such as cancer, arthritis, cardiovascular
disease and neurological disorders. GeneNews launched its first
commercial product, ColonSentry™, a blood-based test to assess an
individual’s risk for colorectal cancer, in Canada in 2008. For more
information on GeneNews and ColonSentry™, visit www.genenews.com
or www.colonsentry.com.
Except for historical information, the matters discussed in this news
release may be considered "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
statements include declarations regarding the intent, belief or current
expectations of the Company and its management. Investors are cautioned
that any such forward-looking statements are not guarantees of future
performance and involve a number of risks and uncertainties that could
materially affect actual results. The Company disclaims any obligations
to update any forward-looking statement as a result of developments
occurring after the date of this press release.