September 30, 2013
Multiplicom NV, a specialist in the development, production and commercialization of innovative molecular genetic tests based on massively parallel sequencing (MPS), today announces that it is launching three new somatic mutation detection kits which will enable users to implement personalized cancer treatment at an unprecedented level.
The new kits enable PCR amplification of genes known to be frequently mutated in tumor tissue of highly prevalent cancers of the gastro-intestinal track, colon, lung and skin. Based on this amplified material, the DNA sequence of the genes can then be determined allowing physicians to identify all mutations and subsequently select the most effective treatment for the patient.
The new kits are based on Multiplicom's proprietary MASTR™ technology: Epidermal Growth Factor (EGFR 18-21); Gastro-Intestinal Stromal Tumors (GIST) (cKIT, PDGFRA) and Somatic panel 1 (KRAS, NRAS, BRAF) and complement Multiplicom's MASTR product line which can be used in combination with all commercial bench top MPS instruments.
Multiplicom is operating in an area of rapid growth. The European MPS diagnostic market is expected to grow from €20M in 2012 to >€2,000M in 2018 (CAGR% >100%) within a worldwide market of >€6,000M in 2018, of which about 30% is cancer related (Source BCC Research). Based on its success in
, with sales in 2013 estimated at €3M (CAGR%>100%) and with the launch of new products for both genomic and somatic mutations, Multiplicom is now also looking for additional growth in other major territories.
Dr Dirk Pollet, CEO of Multiplicom, said:
"The introduction of the new kits establishes Multiplicom as a European leader in the implementation of MPS in the routine labs, and the enabling of personalized medicine. Multiplicom's products are simple, easy to use, only require standard equipment and are compatible with MPS equipment from Roche, Life Technologies and Illumina. Our products provide answers to physicians and patients by linking genetics to health and disease and subsequently Multiplicom's products are able to improve treatment and quality of life, without adding to the overall cost of health care."
About the somatic mutation kits