GraftAssureDx™

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iMDx to Participate in NYC Investment Conferences September 8 - 11
Globenewswire· 2025-08-26 20:05
Group 1 - Insight Molecular Diagnostics Inc. (iMDx) announced participation in investor conferences hosted by H.C. Wainwright and Lake Street Capital Markets [1] - The H.C. Wainwright 27th Annual Global Investment Conference will take place on September 8-9, 2025, featuring a company presentation on September 8 at 5:00 pm ET [1] - The Lake Street Capital Markets 9th Annual Best Ideas Growth Conference (BIG9) is scheduled for September 11, 2025, with a format of one-on-one meetings [1] Group 2 - Insight Molecular Diagnostics is focused on democratizing access to novel molecular diagnostic testing to improve patient outcomes [2] - The company holds several trademarks, including GraftAssureCore™, GraftAssureIQ™, GraftAssureDx™, VitaGraft™, GraftAssure™, DetermaIO™, and DetermaCNI™ [2]
IMDX CFO Andrea James Featured in Empowered Patient Podcast on Democratizing Molecular Diagnostics
GlobeNewswire News Room· 2025-08-25 13:15
Core Insights - Insight Molecular Diagnostics, Inc. (iMDx) aims to democratize access to molecular diagnostics, particularly in transplant monitoring, by developing self-run testing kits for hospitals [3][4][7] - The company recently rebranded from Oncocyte to Insight Molecular Diagnostics to better reflect its mission [4][8] - iMDx's first commercial focus is on measuring donor-derived cell-free DNA to monitor transplanted organ health [4][5] Company Strategy - iMDx is working on a regulatory pathway to obtain FDA clearance for its diagnostic tests, with a submission expected by the end of 2025 and potential clearance in 2026 [6] - The company has a research-use-only version of its kit currently utilized by 10 centers globally [5] - iMDx's strategy includes increasing visibility with investors as it approaches key regulatory milestones [6] Market Position - The company has relocated its headquarters from Irvine, California, to Nashville, Tennessee, and changed its NASDAQ symbol effective June 18, 2025 [8] - iMDx's mission is to improve patient outcomes by making advanced molecular diagnostic testing more accessible [4][7]
IMDX Reports Q2 2025 Results and Momentum Toward GraftAssureDx Launch
Globenewswire· 2025-08-11 20:05
Core Insights - Insight Molecular Diagnostics Inc. (iMDx) is progressing towards delivering a regulated kitted transplant monitoring assay, GraftAssureDx, to the market, aiming to capture a share of the $1 billion transplant rejection testing market [1][2][4] Regulatory and Product Development - The company is focused on designing a complex molecular lab test in a kitted form to facilitate localized diagnostic testing, with plans to submit GraftAssureDx for FDA review by the end of 2025 [2][7] - iMDx has made significant strides in its clinical trial, engaging leading transplant hospitals, and has received positive feedback from the FDA during meetings [8][11] - The company aims to democratize access to transplant rejection tests by obtaining regulatory authorization, allowing hospitals to conduct tests independently [4][6] Financial Performance - In Q2 2025, iMDx reported revenues of $518,000, primarily from laboratory services and initial sales of GraftAssureIQ kits, with a gross profit of $350,000, reflecting a gross margin of 67.6% [15][18] - Operating expenses for Q2 2025 totaled $10.2 million, with a net loss of $9.7 million, or ($0.30) per share, indicating ongoing investment in product development and regulatory processes [18][26] Market Strategy and Future Outlook - The company is implementing a "Land and Expand" strategy, starting with research-use-only kits to familiarize hospitals with their assays before transitioning to diagnostic kits upon regulatory approval [9][15] - iMDx is also exploring expansion opportunities beyond kidney transplant testing, including heart, lung, and liver transplant rejection testing, leveraging the same cfDNA platform [12][14] - The company has received a boost in Medicare reimbursement for its flagship technology, GraftAssureCore, which sets a benchmark for future kitted test reimbursement [8][9]
iMDx to Release Second Quarter 2025 Results on August 11, 2025 and Attend Needham Virtual MedTech and Diagnostics Conference
Globenewswire· 2025-08-04 20:05
Company Announcements - Insight Molecular Diagnostics, or iMDx, will report its second quarter 2025 financial results after the market closes on August 11, 2025 [1] - A live Zoom webinar will be held on the same day at 2:00 pm PT / 5:00 pm ET to discuss the financial results, followed by a Q&A session [1] - An archived replay of the webinar will be available on iMDx's investor relations website after the call concludes [2] Upcoming Events - CEO Josh Riggs and CFO Andrea James will attend the 10th Annual Needham Virtual MedTech & Diagnostics Conference on August 12, 2025 [3] - The conference will take place virtually from August 11-12, 2025, and investors can book one-on-one meetings with management through their Needham sales representative [3][4] Company Background - Insight Molecular Diagnostics Inc., formerly known as Oncocyte Corp., is focused on democratizing access to novel molecular diagnostic testing to improve patient outcomes [4] - The company moved its headquarters from Irvine, California, to Nashville, Tennessee, in June 2025, with a new NASDAQ symbol effective June 18 [5]