en-cphi.cnJune 28, 2017
Tag: Cancer , VolitionRx
VolitionRx Limited (NYSE MKT: VNRX) today has issued corrections to certain statements made in the press release issued by the Company on May 9, 2017 regarding the Company's Nu.Q™ Colorectal Cancer Screening Triage Test. Due to the Company's administrative error, Professor Hans Jorgen Nielsen from Hvidovre Hospital, University of Copenhagen, did not have adequate opportunity to review and comment upon the release or approve his included statement prior to its publication. The Company apologizes unreservedly for this oversight and has significantly revised its data review and reporting policy to prevent similar occurrences in the future.
Triage update: in the May 9th press release, we announced results showing that 24.5% of colonoscopies could be avoided and almost 95% of colorectal cancers and 87.9% of high-risk adenomas detected. While those topline numbers are accurate, further detailed analysis carried out during the last month has shown the selected immunoassays individually had a high p-value and therefore are in the process of being replaced. This continuing analytical process is part of an ongoing evaluation of results of lab work, to discover and select the most effective immunoassays, with the aim of achieving the highest possible results.
The Company looks forward to publishing further detailed analysis of this data, as well as results from the ongoing Triage Pathway Design Study over the coming months.
About Volition
Volition is a multi-national life sciences company developing simple, easy to use blood-based cancer tests to accurately diagnose a range of cancers. The tests are based on the science of Nucleosomics®, which is the practice of identifying and measuring nucleosomes in the bloodstream or other bodily fluid -- an indication that disease is present.
As cancer screening programs become more and more widespread, our products aim to help to diagnose a range of cancers quickly, simply, accurately and cost effectively. Early diagnosis has the potential to not only prolong the life of patients, but also to improve their quality of life.
Volition's research and development activities are currently centered in Belgium, with additional offices in London, Texas and Singapore, as the company focuses on bringing its diagnostic products to market first in Europe, then in the U.S. and ultimately, worldwide.
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