Digene Enters Four-Year HPV Testing Contract with Quest Diagnostics
25 Julio 2007 - 3:05PM
PR Newswire (US)
GAITHERSBURG, Md., July 25 /PRNewswire-FirstCall/ -- Digene Corp.
(NASDAQ:DIGE) will continue to supply Quest Diagnostics' (NYSE:DGX)
network of labs in the U.S. with instrumentation and reagents for
human papillomavirus (HPV) testing for the next four years under a
recently executed agreement, the company announced today. The new
agreement extends the companies' previous three-year contract.
Digene manufactures and markets the Digene(R) HPV Test, the only
FDA-approved test for high-risk types of the virus, and the Rapid
Capture(R) System, an automated, high-throughput instrument on
which the HPV test and other assays can be performed. HPV is the
cause of essentially all cervical cancer, which is one of the most
common malignancies affecting women worldwide. Quest Diagnostics is
the nation's leading provider of diagnostic testing, information
and services, and Digene's largest HPV testing customer. Quest
Diagnostics will continue its efforts with Digene to educate and
promote HPV screening along with the Pap test to its customer base
of hospitals, physicians and other healthcare providers. "This
long-term agreement reflects Digene's commitment to offer its lab
customers, and the clinicians and patients they serve, the highest
standard of care in cervical cancer screening," said Douglas White,
Digene's Senior Vice President for Sales and Marketing -- Americas
and Asia Pacific. "Digene and Quest Diagnostics will continue to
work together to sponsor and support ongoing education to
physicians and their patients about the clinical value of using HPV
testing as part of their cervical cancer screening practices." The
Digene HPV Test detects the recognized cause of cervical cancer --
HPV. In the United States, the Digene HPV Test is FDA-approved for
use with a Pap test in women age 30 and older as a primary
screening method for cervical cancer. While the Pap test relies on
a laboratory technician to manually look for cell changes that may
signal cervical disease, the Digene HPV Test uses advanced
molecular technology to identify the presence of the genetic code
(DNA) of 13 high-risk types of HPV. Using the Digene HPV Test in
combination with the Pap test maximizes the likelihood that
high-grade cervical disease and cancer will be detected early About
Digene A leader in molecular diagnostics, Digene develops,
manufactures and markets proprietary DNA and RNA tests, with a
focus on women's health. The company's flagship product, the
Digene(R) HPV Test, is the only FDA-approved and CE-marked test for
the human papillomavirus, the cause of essentially all cervical
cancers. Digene's product portfolio also includes tests for the
detection of other sexually transmitted infections, including
chlamydia and gonorrhea. Digene tests are marketed in more than 40
countries worldwide. Headquartered in Gaithersburg, MD, Digene is
traded on Nasdaq under the symbol DIGE. For more information, visit
http://www.digene.com/ and http://www.thehpvtest.com/. This press
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are not guarantees of the future as
there are a number of meaningful factors that could cause the
company's actual results to vary materially from those indicated by
such forward-looking statements. Meaningful factors, which could
cause actual results to differ from expectations include, but are
not limited to, the degree of acceptance of HPV testing by
physicians, uncertainty of the company's future profitability, its
ability to scale up manufacturing operations to meet any increased
demand, the uncertainty regarding patents and proprietary rights,
the success of the company's marketing efforts, competition, risks
inherent in international transactions, and the inability to obtain
requisite additional financing, as well as other factors discussed
in the company's Securities and Exchange Commission filings. For
other factors, reference is made to the discussion in the company's
annual and quarterly reports filed with the Securities and Exchange
Commission. DATASOURCE: Digene Corporation CONTACT: Albert Fleury,
Investor Relations of Digene Corporation, +1-301-944-7000, or Pam
Rasmussen, Digene, +1-301-944-7196 Web site: http:///
http://www.digene.com/ http://www.thehpvtest.com/
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