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DiagnoCure announces second quarter 2008 results
Date:6/13/2008

rican Urological Association (AUA) in Orlando, Florida, attended by urologists from around the world. Gen-Probe featured the test in its exhibition booth, and Dianon (LabCorp) and AmeriPath (Quest) had their versions of the test prominently featured as well. Dr. Yves Fradet, Founder and Chief Medical Officer of DiagnoCure, presented the latest clinical information on PCA3 to an audience of an estimated 10,000 attendees.

In April and May, the value and performance of the PCA3 test were featured in two important articles published in the Journal of Urology. The first one established that PCA3 is an accurate marker for prostate cancer that may reduce the number of unnecessary biopsies. The second article concluded that PCA3 scores correlate with both tumor volumes and prostatectomy Gleason scores, both of which are measures of prostate cancer aggressiveness. As a result, researchers suggested that PCA3 may have clinical applicability in identifying men who have low-volume or low-grade prostate cancer and who could be followed with active surveillance instead of requiring immediate treatment. This latter article received significant high visibility press coverage in the United States and in Europe, and the study could further increase both the utility and market potential of PCA3.

The publication of these results coincided with the announcement that the Broomfield Hospital in Chelmsford, U.K., would now have the PCA3 test reimbursed by the National Health Service through their local trust.

Results for the second quarter ended April 30, 2008

Total revenues for the second quarter of 2008 were $516,109 compared with $1,232,559 for the second quarter of 2007. In the second quarter of 2008, DiagnoCure had no revenue recognition of the continued calendar payments and research agreement from Gen-Probe compared with $772,667 received from the prior year second quarter. This decrease reflects the end of the revenue recognition from the continued calen
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SOURCE DIAGNOCURE INC.
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