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DiagnoCure announces first quarter 2009 results
Date:3/17/2009

cer Staging Test. This major prospective 5-year multicenter study of 425 enrolled patients demonstrated that guanylyl cyclase C ("GCC" or "GUCY2C") is the strongest independent predictor of colorectal cancer recurrence in patients considered low risk by current assessment methods. In a group of 257 stage I and II colorectal cancer patients, when GCC was considered independently from other factors, patients whose nodes were GCC positive were 4.7 times more likely to develop disease recurrence than those whose nodes were GCC negative. In fact, patients with GCC positive nodes had a risk of recurrence comparable to that of stage III colorectal cancer patients.

PCA3 testing

Gen-Probe, DiagnoCure's PCA3 development and commercialization partner, confirmed during its fourth quarter and annual results conference call that the European sales of the Progensa(TM) PCA3 test continued to increase, driven by articles published in peer-reviewed literature and strong marketing efforts. In addition, the potential acquisition of Tepnel would allow Gen-Probe to enhance its ongoing sales efforts of the PCA3 test in Europe by leveraging Tepnel's European market knowledge, established infrastructures and manufacturing facilities.

Results for the first quarter ended January 31, 2009

Total revenues for the first quarter of 2009 were $400,123 compared with $491,455 for the first quarter of 2008. Royalty from Gen-Probe tripled, from $40,787 to $132,311 for the first quarter of 2009. This increase is attributable to the sales of Progensa(TM) PCA3 in Europe by Gen-Probe.

Interest income decreased by $163,606, to $171,824 for the first quarter of 2009 compared with $335,430 for the first quarter of 2008. The decrease is attributable to DiagnoCure's use of fund to finance the operating activities and the reduction of interest levels in its investments.

Cost of sales decreased by $56,958, from $69,790 for the fir
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SOURCE DIAGNOCURE INC.
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