Yahoo Finance Press release Biocartis Group NV: Biocartis Announces the Launch of the First Assay Developed With the New Idylla™ Flex Technology
PRESS RELEASE
9 February 2023, 07:00 CET
BIOCARTIS ANNOUNCES THE LAUNCH OF THE FIRST ASSAY DEVELOPED WITH THE NEW IDYLLA™ FLEX TECHNOLOGY
Mechelen, Belgium, 9 February 2023 – Biocartis Group NV (the ‘Company’ or ‘Biocartis’), an innovative molecular diagnostics company (Euronext Brussels: BCART), today announces the launch of the Idylla™ IDH1-2 Mutation Assay Kit (RUO)1 among selected customers. The assay is the first test developed with the new Idylla™ FLEX technology that separates the generic components of an Idylla™ test from the test-specific components. The Idylla™ IDH1-2 Mutation Assay Kit (RUO) will become globally available to customers during the second half of 2023.
The Idylla™ FLEX technology shortens the development time of new Idylla™ assays, allowing to bring them to the market much faster. The technology combines a generic Idylla™ cartridge, which can be mass-manufactured on Biocartis’ high-throughput manufacturing line at low cost, with the test-specific components that are provided in a separate vial of which the content can be added into the generic Idylla™ cartridge by the user together with the sample. The Idylla™ FLEX technology will first be deployed for tests that use FFPE2, peripheral blood mononuclear cells, bone marrow mononuclear cells, whole blood or extracted DNA as sample type. In a next step, it is intended to be deployed for tests that can use up to 4 ml of plasma as sample type.
In a next phase, the off-line customization of the Idylla™ cartridge could be deployed in the rapidly growing field of molecular surveillance, where patients are monitored with molecular tests. The Idylla™ FLEX technology is ideally suited for both tumor-informed (aka bespoke or personalized) as well as tumor-naïve panels, both of which have shown promise for molecular surveillance. Moreover, Idylla™ FLEX will be a major steppingstone to testing liquid biopsy samples, which is expected to account for the largest share within the vast market opportunity of molecular surveillance monitoring.
The Idylla™ IDH1-2 Mutation Assay Kit (RUO) is the first test developed using the Idylla™ FLEX technology. Mutations in the isocitrate dehydrogenase 1 (IDH1) and 2 (IDH2) genes are oncogenic drivers that are frequently found in a variety of human malignancies, including gliomas, acute myeloid leukemia, cholangiocarcinoma, chondrosarcoma and thyroid carcinoma3. The Idylla™ IDH1-2 Mutation Assay Kit (RUO) can detect 5 mutations in IDH1 and 10 mutations in IDH2, along with an integrated processing control. The turn-around-time is less than 2 hours from sample to result. The assay performance has been evaluated at multiple sites in both US and Europe. The assay will be further deployed across the Biocartis customer base and will also be made available for partnerships with pharmaceutical companies, clinical research organizations and reference labs conducting research.
Herman Verrelst, Chief Executive Officer of Biocartis, said: “We already had a broad menu of tests in oncology, which we now expand with a rapid test for the detection of mutations in IDH1 and IDH2. This new test was highly requested throughout our customer base, especially in the US. The successful development of this first assay using the Idylla™ FLEX technology is a major achievement and will allow us to expand our menu of tests on Idylla™ much faster and tap into the growing field of liquid biopsy-based monitoring.” Benoit Devogelaere, Chief Technology Officer of Biocartis, further complemented: “The new Idylla™ FLEX technology has the potential to be deployed across the entire spectrum of research in molecular surveillance, including treatment response monitoring, Molecular Residual Disease (MRD)4 and recurrence monitoring. Now that cancer treatment becomes increasingly personalized, we see multiple fields of application for the customization and even personalization offered by the Idylla™ FLEX technology, in particular for the frequent and repeated liquid biopsy-based testing of patients.”
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More information:
e-mail: ir@biocartis.com
About Biocartis
With its revolutionary and proprietary Idylla™ platform, Biocartis (Euronext Brussels: BCART) aspires to enable personalized medicine for patients around the world through universal access to molecular testing, by making molecular testing actionable, convenient, fast and suitable for any lab. The Idylla™ platform is a fully automated sample-to-result, real-time PCR (Polymerase Chain Reaction) based system designed to offer in-house access to accurate molecular information in a minimum amount of time for faster, informed treatment decisions. Idylla™'s continuously expanding menu of molecular diagnostic tests address key unmet clinical needs, with a focus in oncology. This is the fastest growing segment of the molecular diagnostics market worldwide. Today, Biocartis offers tests supporting melanoma, colorectal, lung and liver cancer, as well as for COVID-19, Flu, RSV and sepsis. For more information, visit www.biocartis.com or follow Biocartis on Twitter @Biocartis_ , Facebook or LinkedIn.
Biocartis and Idylla™ are registered trademarks in Europe, the United States and other countries. The Biocartis and Idylla™ trademark and logo are used trademarks owned by Biocartis. Please refer to the product labeling for applicable intended uses for each individual Biocartis product.
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Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company's or, as appropriate, the Company directors' or managements' current expectations and projections concerning future events such as the Company's results of operations, financial condition, liquidity, performance, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward-looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.
1 Research Use Only
2 Formalin fixed, paraffin embedded tissues are samples, typically from suspected tumors, that are fixed or mixed with formalin to preserve the structural integrity of the sample. The sample is then embedded into a type of paraffin wax so that it can be sliced very thinly
3 Han et al. 2020, IDH mutation in glioma: molecular mechanisms and potential therapeutic targets, British Journal of Cancer
4 Molecular Residual Disease is a small number of cancer cells left in the body after treatment. These cells have the potential to cause relapse in patients
