TUCSON, Ariz., July 20, 2016 (GLOBE NEWSWIRE) -- HTG Molecular Diagnostics, Inc. (Nasdaq:HTGM), a provider of instruments and reagents for molecular profiling applications, today announced that it has obtained CE-IVD marking for its HTG EdgeSeq DLBCL Cell of Origin Assay and next-generation sequencing (NGS) based HTG EdgeSeq system. There are approximately 79,000 non-Hodgkin lymphomas per year in the European Union, and as many as 40% of those are diagnosed as diffuse large B-cell lymphoma (DLBCL). The 2016 updates to the World Health Organization (WHO) guidelines for the classification of lymphoid neoplasms have been reported to require subtyping of DLBCL tumors as activated B‑cell (ABC) or germinal center B-cell (GCB).
The HTG EdgeSeq DLBCL Cell of Origin Assay uses gene expression profiling to determine the cell of origin subtype of DLBCL tumors from formalin fixed paraffin embedded (FFPE) tissue. The profiled data are assessed by a classification algorithm and the tumor determined to be activated B-cell like (ABC), germinal B-cell like (GCB), or unclassified.
“This assay was developed in anticipation of the 2016 updates to the WHO guidelines for DLBCL,” stated Chris Roberts, Senior Vice President of Corporate Strategy and Marketing. “Unlike traditional immunohistochemistry approaches requiring multiple tumor sections and multiple assays to sub-classify DLBCL, our HTG EdgeSeq DLBCL Cell of Origin Assay provides such classification from only a single FFPE tissue section.”
"We are excited to obtain CE-IVD status for the HTG EdgeSeq DLBCL Cell of Origin Assay and for our NGS-based HTG EdgeSeq system,” stated TJ Johnson, President and CEO of HTG Molecular Diagnostics. “These are important milestones in HTG’s transition to a clinical diagnostics company and in its mission of empowering precision medicine at the local level.”
Headquartered in Tucson, Arizona, HTG’s mission is to empower precision medicine at the local level. In 2013, the company commercialized its HTG Edge instrument platform and a portfolio of RNA assays that leverage HTG’s proprietary nuclease protection chemistry. HTG’s product offerings have since expanded to include its HTG EdgeSeq product lines, which automate sample and targeted library preparation for next-generation sequencing. Additional information is available at www.htgmolecular.com.
Safe Harbor Statement:
Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the content of WHO guidelines and its expected benefits to us. Words such as "believes," "anticipates," "plans," "expects," "intends," "will," "goal," "potential" and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements necessarily contain these identifying words. These forward-looking statements are based upon management's current expectations, are subject to known and unknown risks, and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, including, without limitation, risks associated with our ability to successfully develop and commercialize our products, our ex‑U.S. sales and distribution network, and acceptance of our products for clinical use. These and other factors are described in greater detail in our filings with the Securities and Exchange Commission, including without limitation our Quarterly Report on Form 10-Q for the Quarter ended March 31, 2016. All forward-looking statements contained in this press release speak only as of the date on which they were made, and we undertake no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
Contact: Westwicke Partners Jamar Ismail Phone: 415-513-1282 Email: firstname.lastname@example.org TJ Johnson President / CEO HTG Molecular Diagnostics Phone: 520-547-2827 x130 Email: email@example.com
Source:HTG Molecular Diagnostics, Inc.