Oncimmune Holdings plc (LON: ONC), a leader in the development, manufacture and commercialisation of personalised immunodiagnostics for the screening, detection and care of cancer, today announces that its Spanish distributor, Sabartech, has signed an agreement to sell EarlyCDT-Lung as a screening test for the early detection of lung cancer through the hospitals and clinics of the Quirónsalud group.
Dr Adam M Hill, CEO of Oncimmune said: “Today’s announcement marks another positive step in realising the commercial value of our first marketed test, EarlyCDT-Lung, based on the recognition of its ability to detect cancer four years or more earlier than standard diagnosis.
“With more than £33 million in minimum sales commitments over the next five years, we look forward to providing further updates on sales growth. Today’s announcement also validates our strategy of accelerating value creation through partnering.”
Quirónsalud operates the largest private hospital network in Spain with 46 hospitals, 56 outpatient centres and some 300 occupational risk centres. It is headquartered in Madrid and active in every major metropolitan region of Spain. Quirónsalud handles over 330,000 in-patient and 9 million out-patient cases per year. Quirónsalud is owned by Fresenius Helios, Europe’s largest private hospital operator.
Every year in Spain approximately 27,000 new cases are diagnosed and approximately 23,000 deaths occur from lung cancer. Lung cancer is the largest cause of cancer-related deaths in Spain[1].
Oncimmune has also signed a distribution agreement with Varnavas Hadjipanayis Ltd for EarlyCDT-Lung for Cyprus. This brings the total aggregate number of distribution agreements to 19.
