RE: Only FDA approved test of its type.20 Sep 2025 08:42
Chairman 'RENX test will transform the lives of millions of patients'
Some facts:
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οΈ $950 a test reimbursement approved
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οΈ 15million patients in the US alone. Only a 2% uptake would give revenues of $300m from the US market
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οΈ FDA approved, took 3.5 years.
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οΈ Medicare approved
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οΈ Partnered with Tempus AI, a $15b American Health Technology company to expand the rollout across the US network of healthcare institutions
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οΈ RENX test will be the FIRST test offered in Tempus's portfolio in the chronic kidney disease category across its entire US network of healthcare providers.
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οΈ Not R&D company anymore, its full commercialisation
π€― Dialysis alone in the US costs $90b a year
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οΈ Dialysis Per patient costs - $100k+ average per year
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οΈ Only FDA approved test in this area, therefore huge barriers to entry
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οΈ Chairman - Most important diagnostic test I have ever been involved with in my career
π€― $100m+ has been invested to get to this stage, inc $35m to get FDA approval. This equates to 25p a share.
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οΈ Itβs a unique test, 1st FDA approved AI diagnostic test
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οΈ Only test globally for end stage renal disease which is FDA approved
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οΈ Potential Market - 15 million in US, 7 million in UK, 250 million worldwide, that will need this test π€―
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οΈ Chairman - Fully funded to break even