Mainz Biomed and Thermo Fisher Scientific Sign a Collaboration Agreement for the Development of Next Generation Colorectal Cancer Screening Product for Global Markets
13 November 2024 - 1:00AM
Mainz Biomed N.V. (NASDAQ:MYNZ) (“Mainz Biomed” or the “Company”),
a molecular genetics diagnostic company specializing in the early
detection of cancer, today announced a collaborative agreement with
Thermo Fisher Scientific Inc. (NYSE: TMO), through its subsidiary
Life Technologies Corporation (“Thermo Fisher”), a world leader in
supplying life sciences solutions and services.
The collaboration agreement will enable Mainz Biomed and Thermo
Fisher to jointly develop and potentially commercialize Mainz
Biomed’s Next Generation colorectal cancer screening product. The
collaboration will harness Thermo Fisher’s powerful technologies,
instrumentation and information translation systems to enable Mainz
Biomed to develop the proprietary assays for its mRNA-based
next-generation CRC screening tests which are redefining standards
in early cancer detection. Mainz Biomed’s flagship non-invasive
test not only targets the early detection of colorectal cancer but
also focuses on precancerous lesions, particularly advanced
adenomas, demonstrating significant clinical success in both US and
European trials.
The collaboration will leverage combined capabilities to deliver
testing solutions being developed at Mainz Biomed’s laboratories in
Mainz, Germany.
Guido Baechler, CEO of Mainz Biomed, said: “This collaboration
with Thermo Fisher will be instrumental to our goal to bring to
market a home collection colorectal screening tool with highly
effective detection of adenomas. Our product development will be
greatly enhanced by Thermo Fisher’s knowledge and scalable,
class-leading technologies, providing both partners with a means to
accelerate the availability of an innovative new test for
colorectal cancer screening around the world.”
Peter Jacobs, Director, EMEA Clinical Business Development,
Thermo Fisher Scientific, said: “We are excited at the prospect of
working with Mainz Biomed on their next generation screening test
and are confident that together we will be able to achieve rapid
progress and deliver innovative new assays for the global clinical
marketplace.”
Please visit Mainz Biomed’s official website for
investors at mainzbiomed.com/investors/ for more
information
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About Thermo Fisher ScientificThermo Fisher
Scientific Inc. (NYSE: TMO) is the world leader in serving science,
with annual revenue over $40 billion. Our Mission is to enable our
customers to make the world healthier, cleaner and safer. Whether
our customers are accelerating life sciences research, solving
complex analytical challenges, increasing productivity in their
laboratories, improving patient health through diagnostics or the
development and manufacture of life-changing therapies, we are here
to support them. Our global team delivers an unrivaled combination
of innovative technologies, purchasing convenience and
pharmaceutical services through our industry-leading brands,
including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher
Scientific, Unity Lab Services, Patheon and PPD. For more
information, please visit www.thermofisher.com.
About Mainz Biomed NVMainz Biomed develops
market-ready molecular genetic diagnostic solutions for
life-threatening conditions. The Company’s flagship product is
ColoAlert®, an accurate, non-invasive and easy-to-use,
early-detection diagnostic test for colorectal cancer. ColoAlert®
is marketed across Europe. The Company is currently running a
pivotal FDA clinical study for US regulatory approval. Mainz
Biomed’s product candidate portfolio also includes PancAlert, an
early-stage pancreatic cancer screening test based on real-time
Polymerase Chain Reaction-based (PCR) multiplex detection of
molecular-genetic biomarkers in stool samples. To learn more, visit
mainzbiomed.com or follow us on
LinkedIn,
Twitter and
Facebook.
For media inquiries
MC Services AGAnne Hennecke/Caroline Bergmann+49 211 529252
20mainzbiomed@mc-services.eu
For investor inquiries, please contact
info@mainzbiomed.com
Forward-Looking Statements
Certain statements made in this press release are
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may be identified by the use of
words such as “anticipate”, “believe”, “expect”, “estimate”,
“plan”, “outlook”, and “project” and other similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
reflect the current analysis of existing information and are
subject to various risks and uncertainties. As a result, caution
must be exercised in relying on forward-looking statements. Due to
known and unknown risks, actual results may differ materially from
the Company’s expectations or projections. The following factors,
among others, could cause actual results to differ materially from
those described in these forward-looking statements: (i) the
failure to meet projected development and related targets; (ii)
changes in applicable laws or regulations; (iii) the effect of the
COVID-19 pandemic on the Company and its current or intended
markets; and (iv) other risks and uncertainties described herein,
as well as those risks and uncertainties discussed from time to
time in other reports and other public filings with the Securities
and Exchange Commission (the “SEC”) by the Company. Additional
information concerning these and other factors that may impact the
Company’s expectations and projections can be found in its initial
filings with the SEC, including its annual report on Form 20-F
filed on April 9, 2024. The Company’s SEC filings are available
publicly on the SEC’s website at www.sec.gov. Any forward-looking
statement made by us in this press release is based only on
information currently available to Mainz Biomed and speaks only as
of the date on which it is made. Mainz Biomed undertakes no
obligation to publicly update any forward-looking statement,
whether written or oral, that may be made from time to time,
whether as a result of new information, future developments or
otherwise, except as required by law.
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