Agendia Gets FDA Approval For Breast Cancer Test
-
Font Size:
Women at high risk have about twice the recurrence rate as women in the low risk category. The test predicts who is in the low risk category with at least 90% accuracy. For those in the high risk category, only 23% actually got a recurrence within five years, so it is possible the test overestimates this group. The company and the FDA advise that doctors and patients use the findings with other information to choose a form of therapy. An FDA spokesperson was quoted as saying "You can't go all the way to the bank with this test." But it is an important step in tailoring treatment to the individual patient.
A California company, Genomic Health (GHDX) already offers a test to US patients under FDA rules that allow some test to be sold without approval (see Molecular Diagnostics: The New New Thing?). Oncotype DX predicts whether a woman will benefit from chemotherapy. It is widely reimbursed and performed in a CLIA laboratory. Unlike Genomic Health, Agendia asked for FDA approval for its test. The approval was based on a study of 302 women in Europe, who were suffering from early disease and under 61 years of age.
Agendia is located in Amsterdam, the Netherlands. It has three gene expression analysis-based diagnostic tests on the market. In addition to the two already mentioned, it also markets DiscoverPrint®, a test to predict responders and non-responders to a new cancer drug by analyzing their tumors with DNA microarrays.
Agendia maintains close ties with several leading European academic centers and has access to a unique tissue bank at the University of Amsterdam. It recently signed a distribution agreement with Medvet Science in Adelaide, Australia for distribution of MammaPrint in Australia and the South Pacific Region. Late last year, Agendia signed a similar agreement with Teva&Tuteur of Buenos Aires, Argentina, for Argentina and Paraguay.
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
-
Editor's Picks
-
Most Popular
- The Nature of a Crowded Trade: This Time It's Housing
- American Express Calls Investment Banks' Bluff
- Japan: Recession-Bound As Exports Slow?
- iShares MSCI Mexico: Surprising Strength South of the Border
- A Fed Rate Hike Won't Solve the Current Crisis
- Understanding Metastorm's IPO as an Investment Opportunity
- Full list of Editor's Picks »
- Three Stocks To Be Held To Infinity and Beyond »
- As WaMu, Wachovia Ready Earnings, Comparisons to Wells, USB Are Telling »
- Wall Street Breakfast: Must-Know News »
- Steve Jobs' Health: A Red Herring »
- Financials: How - And When - We Reached the Bottom »
- Four Long-Term Winners Selling at Deep Discounts »
- Apple F3Q08 (Qtr End 6/28/08) Earnings Call Transcript »
- Earnings Preview: Washington Mutual »
- The Agriculture Boom Goes Bust »
- Crazy Dividends »
- Apple's a Buy Under $150 »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Buy Rent-A-Center -- Cramer's Lightning Round (7/24/08)
- Citi vs XTO Energy -- Cramer’s Stop Trading! (7/24/08)
- Potash Corp. Earns $2.82, a 220% Increase
- Mechel Drops 20% on Putin's Comments
- Auto Retailers' Ability to Pay Debt - What It Means
- Three Conservative Growth Industrial Picks: Adminstaff, Carlisle Companies and Illinois Tool Works
- Wait for August FFIEC Call Reports Before Taking a Long Position in Banks
- Now's the Time to Buy Something
- 3Com Corp.: Undervalued by Half
- Wachovia CEO's Insider Buying Is Another Indication of a Bottom
- Full list of Long Ideas »
- Collateral Damage From the War on Shorts
- Is the Gold Uptrend Over?
- Response to Raymond James' Q3 Conference Call
- eBay is a Not Com - Cramer's Lightning Round (7/23/08)
- Get True Religion - Cramer's Lightning Round (7/22/08)
- Principal Financial Group Vulnerable to Commercial Real Estate Softening?
- Increases in Shorting, Only for Some
- Is a Ban on Short Financial ETFs on the Horizon?
- Is There a More Efficient Shorting Tactic?
- Short Oil as a Long Investment
- Full list of Short Ideas »
- Buy Rent-A-Center -- Cramer's Lightning Round (7/24/08)
- Citi vs XTO Energy -- Cramer’s Stop Trading! (7/24/08)
- eBay is a Not Com - Cramer's Lightning Round (7/23/08)
- Buy Costco, Get Sirius - Cramer's Stop Trading! (7/23/08)
- Soup Target; Cramer's Mad Money (7/22/08)
- Get True Religion - Cramer's Lightning Round (7/22/08)
- Copper Down Low - Cramer's Stop Trading! (7/22/08)
- Banks Hit Bottom – Cramer’s Mad Money (7/21/08)
- Ends In X - Cramer's Stop Trading! (7/21/08)
- Great American Companies – Cramer’s Lightning Round (7/21/08)
- Full list of Cramers Picks »
Most Popular Feeds
-
ETFs
-
US Market
-
Long Ideas
-
Alt. Energy
- Full list of feeds »
Hedge Fund Jobs
Job Seekers:
- Search jobs by category
- Get job alerts by email or live feed
- Apply online
Employers
- See all recruitment options
- Get applications online or by email


