More coverage3 Oct 2023 16:09
Getting a lot of mentions in quality press, which will only attract new buyers...This from ii
...but the stock with real momentum continues to be AIM-listed Oxford BioDynamics following the launch of its EpiSwitch prostate screening test in the US and UK.
In a further boost for shareholders today, the company said the test had been issued with a code that from the start of 2024 should make it easier for Americans to claim for reimbursement under their insurance.
Shares today topped 50p, which compares with 10p prior to last week’s earlier-than-expected disclosure that the EpiSwitch test (PSE) had received validation. The success has been shared by plenty of ii customers after Oxford BioDynamics featured among our most traded stocks last week.
The PSE test is designed to run alongside a standard PSA blood test, predicting with 94% accuracy the presence or absence of prostate cancer. Those with a PSE result of low likelihood of cancer can be placed on active surveillance and retested later without being referred for an invasive and often destructive biopsy.
The test is the culmination of nearly a decade’s collaboration with Imperial College London, University of East Anglia, Imperial College NHS Trust and the UK's leading prostate cancer experts.