Pacific Edge cancer test heads to Australia

Last updated 12:14 28/03/2011
PEB 0.460 -0.01 -2.13%
PEB

Click for a detailed chart

Relevant offers

Industries

Wellington industrial properties up for sale drop, investors slow to buy Auckland-based institution buys Wellington's Karori Mall for $22 million NZ one of world's most competitive economies: World Economic Forum Retailers leave as uncertainty reigns about Otaki's retail future Prime Minister opens state of the art fish oil processing plant in Nelson Council staff furious at CEO's 11 per cent rise when they were offered just 1.7 per cent Argentinian buyers of Onetai Station get two warnings from OIO Start of Snapper sustainability measures welcomed by local fishers No excuses for low punches to boxing's bottom line, says Sky Receiver selling undeveloped Lower Hutt site linked to former Kirkcaldie & Stains chairman

Dunedin-based biomedical company Pacific Edge has signed an agreement with Australian health care provider Healthscope to market its test for the detection of bladder cancer.

Under the deal, Healthscope Pathology would market and offer laboratory services to urologists and general practitioners for the detection of bladder cancer using Cxbladder in Australia, Pacific Edge said today.

Pacific Edge would provide services to New Zealand urologists and GPs through its subsidiary Pacific Edge Diagnostics NZ, with its diagnostic laboratory based in Dunedin.

It would retain the rights to the rest of the world for the marketing of Cxbladder.

Terms of the licence agreement were confidential.

Cxbladder was a non-invasive, accurate test that enabled the early detection of bladder cancer from a small volume of urine, Pacific Edge said.

It provided a quick, cost effective and accurate measure of the presence of the cancer, and could reduce reliance on the need for invasive tests such as cystoscopy.

Products in development and in clinical trials included tools for detecting and managing gastric, bladder, colorectal, endometrial cancers and melanoma, Pacific Edge said.

Its shares were up 0.5c by late morning to 20c.

Ad Feedback

- NZPA

Special offers

Featured Promotions

Sponsored Content