GraftAssureIQ™
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IMDX Supports AST and ASHI STAR Working Group’s Call for Decentralized Transplant Monitoring
Globenewswire· 2026-01-13 14:00
Core Insights - The American Journal of Transplantation position paper emphasizes the importance of decentralized organ health testing, particularly highlighting the role of absolute quantification of donor-derived cell-free DNA (dd-cfDNA) as a diagnostic marker, which aligns with iMDx's GraftAssure family of assays [1][2] Industry Context - The STAR working group, a collaboration between the American Society of Transplantation and the American Society for Histocompatibility and Immunogenetics, advocates for high-quality, standardized decentralized dd-cfDNA testing to support multicenter studies and improve patient management [2][3] - The publication indicates a significant demand for decentralized testing solutions in the transplant community, which is seen as a positive indicator for iMDx's business strategy [2][3] Company Strategy - iMDx aims to provide industry-leading molecular diagnostic test kits that decentralize access to organ health testing for kidney transplant patients, targeting a market exceeding $1 billion for transplant rejection testing [3][4] - The company is focused on developing a high-quality assay with transparent quality control to enhance access to dd-cfDNA testing, which is viewed as a promising biomarker for transplant rejection [3][4] Product Overview - iMDx's GraftAssure product line includes: - GraftAssureCore: A laboratory-developed test currently reimbursed by CMS and performed at iMDx's CLIA-certified lab [6] - GraftAssureIQ: A research-use-only kit for non-clinical applications [6] - GraftAssureDx: An in vitro diagnostic kit under development for clinical decision-making [6]
iMDx to Welcome Industry Veteran as Vice President of Medical Affairs to Prepare for Commercial Transplant Assay Launch
Globenewswire· 2026-01-06 13:00
Core Insights - Insight Molecular Diagnostics Inc. has appointed Dr. Nick Ioannou as Vice President of Medical Affairs, bringing extensive experience in organ transplant, nephrology, cardiology, genetics, and oncology [1][5] Company Overview - Insight Molecular Diagnostics is a pioneering diagnostics technology company focused on democratizing access to novel molecular diagnostic testing to improve patient outcomes [6] Dr. Nick Ioannou's Background - Dr. Ioannou has over three decades of experience in clinical practice, diagnostics, regulatory affairs, medical education, and medical affairs, with significant collaboration with key opinion leaders in various therapeutic areas [2] - His previous roles include senior positions at Guardant Health, Natera, LA Ort Institute, L-Nutra, and CSL Behring, among others [3] - He has nearly 10 years of experience as a medical director and partner in private clinics, enhancing his ability to connect with patients and healthcare professionals [4] Strategic Importance of Appointment - The CEO of iMDx, Josh Riggs, emphasized that Dr. Ioannou's expertise is crucial for the company as it prepares to launch its first commercial products in transplant rejection testing [5] - Dr. Ioannou expressed enthusiasm about joining iMDx, highlighting the need for improved transplant rejection testing paradigms [5]
iMDx Prepares for U.S. Commercial Launch of GraftAssureDx as Clinical Trial Nears Completion
Globenewswire· 2026-01-05 12:00
Core Insights - Insight Molecular Diagnostics Inc. (iMDx) is preparing for its FDA submission of the GraftAssureDx™ test kit, with 95% of the submission work completed, including product design and technical transfer to manufacturing [3][4][7] - The company aims to enhance organ health testing for kidney transplant patients, targeting a market exceeding $1 billion for transplant rejection testing [2][7] - iMDx is also advancing its regulatory submissions in Europe, expecting to submit for CE mark and EU IVDR in the first half of 2026 after successful audits [4][7] Regulatory Submission Progress - The FDA submission for GraftAssureDx™ is nearly complete, with remaining tasks focused on quality control for newly developed software [3][4] - iMDx has made significant progress in regulatory compliance, positioning itself for market access in Europe following successful audits by TÜV SÜD [4][7] Market Engagement and Expansion - iMDx has engaged 20 global transplant centers, including its first Canadian site, to utilize GraftAssure™ technology [6][7] - The company is driving clinical community engagement through pilot programs and a novel registry, with 17 U.S. transplant centers planning to send samples in 2026 [5][10][7] Clinical Innovation and Research - The GraftAssureCore registry study aims to establish the clinical utility of dd-cfDNA testing, with a target of engaging 50 U.S. transplant centers [9] - iMDx's technology quantifies donor-derived cell-free DNA (dd-cfDNA), which is recognized as a reliable biomarker for transplant rejection [11]
IMDX Reports Q3 2025 Results and Progress Toward 2026 Commercial Launch
Globenewswire· 2025-11-10 21:05
Core Insights - Insight Molecular Diagnostics Inc. (iMDx) is preparing to submit its first molecular diagnostic test kit, GraftAssureDx™, for FDA approval, with expectations to begin sales in the following year after regulatory authorization [1][3][12] - The company aims to deliver a best-in-class diagnostic test for kidney transplant patients, targeting a market exceeding $1 billion for transplant rejection testing [3][4] - iMDx is focused on a decentralized testing approach, which is expected to enhance patient care and improve access to organ health testing [4][5] Company Developments - iMDx has made significant progress in its FDA submission process, including software development, clinical trial site engagement, and reproducibility testing [14][15][16] - The company is on track to engage 20 transplant centers globally by the end of 2025 and has already achieved favorable head-to-head data for the GraftAssure assay [5][21] - A major strategic initiative includes a 5,000-participant registry program aimed at generating real-world data to validate the clinical utility of the GraftAssure assay [23] Financial Overview - For Q3 2025, iMDx reported revenues of $260,000, primarily from laboratory services, while remaining "pre-revenue" for kitted product sales [34][36] - The company incurred a net loss of $10.9 million for Q3 2025, with operating expenses totaling $11.2 million, reflecting increased investment in the FDA program [36][42] - Cash and cash equivalents at the end of Q3 2025 were $20.2 million, with a net cash used in operating activities of $4.6 million [36][44] Market Position and Future Prospects - iMDx anticipates that regulatory clearance will allow for rapid scaling of its business, aiming for $100 million in annual high-margin revenue with double-digit growth [3][30] - The company is also preparing to expand its testing capabilities beyond kidney transplants to include heart and lung transplant diagnostics [30][33] - The positive coverage decision from the Centers for Medicare & Medicaid Services (CMS) and improved reimbursement rates for the GraftAssure assay are expected to drive clinician engagement and utilization [7][20]
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]