Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE, “Company”,
“GTG”), a global leader in genomics-based tests in health, wellness
and serious disease, today announces the start of testing
operations in the United States for its revolutionary geneType™
genetic risk assessment product series.
GeneType’s multi-patented, clinically validated
tests will now be performed by Gene by Gene, a premier specialty
genetic laboratory based in Houston, Texas, a state-of-the-art,
highly accredited laboratory (CLIA, CAP, AABB and CDPH licensed).
Gene by Gene’s ability to process up to 25,000 tests per month
greatly increases geneType’s operational capacity in North America.
The lab’s location in central US will also shorten the turn-around
time for samples sent in from North America. Together with the
company’s recent distribution agreement with health and wellness
technology leader Stay Healthy, Inc. (“Stayhealthy”), geneType is
poised for exponential growth across North America.
Stemming from its significant contributions to
the Human Genome Project nearly 20 years ago, GTG pioneered and
patented the burgeoning area of genetic testing known as polygenic
risk score (PRS). By combining PRS with clinical risk models, the
company has refined a suite of integrated genetic testing and
assessment tools designed to assess an individual’s risk for
serious disease and ultimately enable actionable recommendations to
help mitigate that risk.
Since the first geneType assessment for breast
cancer was developed, in 2022 after 20 years of research, the
company has developed a Multi–Risk test which is a comprehensive
suite of the most innovative tests for nine specific diseases (as
one non-invasive cheek swab) evaluating risk for metabolic,
cardiovascular, and oncological diseases, covering 70 percent of
annual mortality and morbidities. Clinical-grade assessments for
new cancers and chronic conditions are in development. GeneType’s
non-invasive, saliva-based tests are clinically validated and
regulatory approved.
“As personalized medicine and
health-consciousness continue to trend upwards, we are confident
that the uniquely integrated, highly accurate geneType test will
continue to meet the rising demand for personalized, actionable
health information,” said Simon Morriss, CEO of Genetic
Technologies. “Our collaboration with Gene by Gene and Stayhealthy
solidifies the infrastructure needed to deliver that information so
that individuals and healthcare providers in North America can take
control of their health.”
Stayhealthy’s partnership with geneType will
bring geneType’s innovative suite of tests to a broader consumer
base through employee health benefits and online pharmacy channels
across the US and Canada. In 2023, Stayhealthy launched a Direct to
Consumer (DTC) online discount pharmacy card and website with
access of up to 1.5 million users and a Business to Business to
Consumer (B2B2C) with Level 5 Section 125 (cafeteria) plan for
employers and workers. With a database of over 200 million U.S.
email addresses, Stayhealthy is well-positioned to promote
geneType’s portfolio of personalized health risk assessments across
North America.
John Collins, CEO of Stayhealthy, stated, “Our
mission at Stayhealthy is to empower individuals to take control of
their health. GeneType’s non-invasive, predictive genetic testing
not only complements our mission; it also integrates perfectly with
our technology.”
For more information, please visit GeneType.com,
GenebyGene.com, and Stayhealthy.com.
For media inquiries,
contact:Mara QuigleySteve Allen
MediaE: mara@steveallenmedia.com
661.255.8283
About Genetic Technologies
Limited
Genetic Technologies Limited (ASX: GTG; Nasdaq:
GENE) is a diversified molecular diagnostics company. A global
leader in genomics-based tests in health, wellness and serious
disease through its geneType and EasyDNA brands. GTG offers cancer
predictive testing and assessment tools to help physicians to
improve health outcomes for people around the world. The company
has a proprietary risk stratification platform that has been
developed over the past decade and integrates clinical and genetic
risk to deliver actionable outcomes to physicians and individuals.
Leading the world in risk prediction in oncology, cardiovascular
and metabolic diseases, Genetic Technologies continues to develop
risk assessment products. For more information, please visit
www.genetype.com
About Gene by Gene
Gene By Gene is a world leader in genetic
testing services with over 20 years of experience. Our laboratory
holds accreditation from multiple agencies, including CAP, CLIA,
New York State Department of Health, California Department of
Public Health, and AABB. With a cutting-edge laboratory and highly
trained team of experts, we are committed to excellence in the
field of genetic analysis. www.genebygene.com
About Stayhealthy
Founded in 1995, Stayhealthy Inc. is a
healthcare technology company that has brought together the most
advanced tools to measure, track and change millions of users'
health and wellness status. With its diverse team of experts and
creative minds from medicine, science, technology, media,
advertising, and design, Stayhealthy has launched mobile platforms
with a robust suite of personalized healthcare apps. These
offerings are differentiated not only through their highly
accurate, clinically valid screening tools but with their dynamic
use of augmented reality images created using patented technology,
as a way to add further emotional impact. www.stayhealthy.com
Forward Looking Statements
This announcement may contain forward-looking
statements about the Company's expectations, beliefs or intentions
regarding, among other things, statements regarding the expected
use of proceeds. In addition, from time to time, the Company or its
representatives have made or may make forward-looking statements,
orally or in writing. Forward-looking statements can be identified
by the use of forward-looking words such as "believe," "expect,"
"intend," "plan," "may," "should" or "anticipate" or their
negatives or other variations of these words or other comparable
words or by the fact that these statements do not relate strictly
to historical or current matters. These forward-looking statements
may be included in, but are not limited to, various filings made by
the Company with the U.S. Securities and Exchange Commission, press
releases or oral statements made by or with the approval of one of
the Company's authorized executive officers. Forward-looking
statements relate to anticipated or expected events, activities,
trends or results as of the date they are made. As forward-looking
statements relate to matters that have not yet occurred, these
statements are inherently subject to risks and uncertainties that
could cause the Company's actual results to differ materially from
any future results expressed or implied by the forward-looking
statements. Many factors could cause the Company's actual
activities or results to differ materially from the activities and
results anticipated in such forward-looking statements as detailed
in the Company's filings with the Securities and Exchange
Commission and in its periodic filings with the ASX in Australia
and the risks and risk factors included therein. In addition, the
Company operates in an industry sector where securities values are
highly volatile and may be influenced by economic and other factors
beyond its control. The Company does not undertake any obligation
to publicly update these forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
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