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DiagnoCure announces fourth quarter 2008 and year-end results
Date:12/17/2008

QUEBEC CITY, Dec. 17 /PRNewswire-FirstCall/ - DiagnoCure Inc. (TSX: CUR), a life sciences company commercializing high-value cancer diagnostic tests and delivering lab services, today reported financial and operation results for the fourth quarter 2008 and fiscal year ended October 31, 2008. The Company announced a net loss of $3,568,321 or $0.09 per share for the fourth quarter ending October 31, 2008, and a net loss of $13,833,978 or $0.33 per share for the fiscal year. These results are substantially in line with Management expectations and reflect the pre-marketing, development, validation and launch of Previstage(TM) GCC, and the beginning of marketing and sales activities. At the end of the quarter, cash, short-term investments and long-term investments stood at $20,130,705.

Highlights of the Quarter

In August, after completing the development and validation of its new Previstage(TM) GCC Colorectal Cancer Test in its service laboratory in West Chester, PA, DiagnoCure Oncology Laboratories received the required regulatory CLIA certification to perform the test. Since then, physicians have started to order the test and results have been reported back to them. During the quarter, the GCC marker and the Previstage(TM) GCC test have been discussed in an article published in Expert Review and at two scientific meetings. The marketing efforts are progressing well.

Gen-Probe, DiagnoCure's partner for the PCA3 prostate cancer test, announced at its third quarter earnings conference call that the sales of its CE-marked Progensa(TM) PCA3 test had grown four-fold in Europe in comparison with the same quarter a year ago. The market penetration continues to expand in Europe and in the Middle East with over 30 sites now offering the PCA3 test. In this quarter, a new study was published in the November issue of the Journal of Urology, bringing the total to four articles published on PCA3 in that journal only in 2008. The
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SOURCE DIAGNOCURE INC.
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