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Signal Genetics and DiagnoCure Announce a US$13.3M Collaboration for the Commercialization of Previstage™ GCC Colorectal Cancer Staging Test
Date:6/29/2011

pany's pipeline."

"After reviewing many options and opportunities for our U.S. division over the past months, this collaboration arrangement with Signal Genetics emerged as the best strategic path to maximize the commercialization of Previstage™ GCC, and leverage DiagnoCure's assets and R&D expertise," noted Dr. Yves Fradet, President and Chief Medical Officer of DiagnoCure, Inc. "Moving forward, the new inflow of funds, added to the growing revenues generated by the sale of the PCA3 prostate cancer test, will strengthen DiagnoCure's financial base, and allow us to build on our core expertise in developing clinically relevant and robust genomic tests in cancer, in particular lung cancer."

The definitive agreements were executed on June 28, 2011.

Conference call and webcast at 8:30 am

Signal Genetics and DiagnoCure will hold a conference call this morning at 8:30 a.m. EDT to provide further details on the transaction. The call will be webcast live through DiagnoCure's website at www.diagnocure.com - Investors page – Presentations. To take part in the Q&A session, dial 1-877-974-0445 (514-807-8791 for Montreal participants), subject "DiagnoCure special announcement", Conference ID: 4452369.

About Colorectal Cancer and Previstage™ GCC

Every year in the United States and Canada, 165,000 people are diagnosed with colorectal cancer. Of that number, 69,000 are considered at low risk after their surgery. Yet, up to 20% of them suffer recurrence of a more advanced cancer.

Previstage™ GCC is currently the only colorectal cancer staging test on the market that provides prognostic information based on the tumor burden measured at the molecular level in the lymph nodes. Tumor burden in the lymph nodes has become more widely recognized by treating physicians as a key prognostic factor to determine the risk of recurrence of cancer patients, and h
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SOURCE Signal Genetics
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