inspirator schreef op 8 mei 2015 23:53:
MDxHealth gaat cashen: licensing biomarkers aan Exact Sciences
In 2010, MDxHealth entered into an exclusive license agreement with Exact Sciences Corporation for stool-based screening of colorectal cancer. Under the terms of the agreement, Exact Sciences obtained exclusive, worldwide rights to use up to two of MDxHealth’s DNA methylation biomarkers in stool-based detection of colorectal cancer, as well as non-exclusive access to MDxHealth’s MSP platform technology for use with those biomarkers. With the launch of licensee Exact Sciences’ FDA-approved Cologuard test, MDxHealth expects to recognize a milestone fee and deferred license fees in excess of $0.5 million in the near term, and is eligible to receive minimum annual maintenance fees of $100,000 per year, sales milestones of $300,000 after Cologuard attains net sales of $10 million, $750,000 after Cologuard attains net sales of $50 million, and $1 million after Cologuard attains net sales of $50 million in a single calendar year, as well as running royalties in the mid-single digit range. The license agreement is expected to remain in effect until the last of the licensed patents expires in 2028.
The American Cancer Society says nearly 60 percent of Americans between the ages of 50 and 75 should get screened every year for colon cancer.
By 2018, they want that number to be 80 percent.
www.myfoxboston.com/story/29009544/at...