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Monogram Announces Third Quarter 2007 Financial Results
Date:10/24/2007

ram received positive coverage and coding reimbursement from Medicare in September, just one month after Trofile was made available to physicians and just prior to maraviroc's availability in U.S. pharmacies. We have already received over 1,400 samples and have processed over 700 tests and testing volumes have shown weekly increases since launch. Monogram is an approved vendor to the Federal Supply Schedule and we recently gained coverage for Trofile to service the Veterans Affairs, Corrections and Indian Affairs departments. Many discussions are well underway with the large private payers and state medicaids. "We are pleased with the progress made with payers in the short time since FDA approval of maraviroc and our ongoing discussions are progressing well and on schedule," said William Welch, Monogram chief commercial officer. "We still expect that by the middle of 2008, coverage will be established with a substantial majority of the relevant third party payers."

Trofile is also now available outside of the U.S. where Pfizer will be taking the lead in commercializing Trofile. Following on the recent EC approval of maraviroc, Monogram has established a European organization to support availability of Trofile and has appointed laboratory and courier partners to facilitate access to Trofile in the U.K., Ireland, Germany and Canada.

VeraTag(TM) Assays for Oncology Less than 50% of breast cancer patients selected for treatment with Herceptin(R) by currently available tests (IHC and/or FISH) actually respond. There is growing concern that currently available tests may not be adequate and may miss some patients who can benefit from Herceptin. "We expect that our first VeraTag product - the HERmark(TM) Assay - will be directed at predicting response in breast cancer patients to Herceptin," said Young. "The need for better tests is clear and we expect that the novel insights provided by the HERmark Assay will greatly enhance physicians' ability to select the ap
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SOURCE Monogram Biosciences, Inc.
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