Pacific Edge launches second bladder test in NZ, flags US launch next year

Pacific Edge chief executive David Darling
PEBadd to my Stocks
PEB Pacific Edge Biotechnology
-0.015 -3.947%
Volume: 7,500

Pacific Edge [NZX: PEB], the non-invasive bladder cancer test developer, has launched its second cancer test in New Zealand and flags a US launch early next year.

The Dunedin-based company launched Cxbladder Triage in New Zealand, its second commercialised cancer diagnostic test which sits alongside its first product, Cxbladder Detect, it said in a statement. The product seeks to screen the majority of patients to potentially avoid more intensive testing and care.

Pacific Edge will launch Triage in the US early next year, and will undertake a 2,000 patient evaluation at the Southern California Permanente Medical Group, which is part of the Kaiser Permanente, one of the largest healthcare providers in the US, it said.

The company aims to develop a range of products to meet the specific needs for the detection and management of bladder cancer, growing annual revenue to $100 million in the coming years. Much of that growth is expected to come from the US, with its non-invasive bladder cancer test, Cxbladder Detect, where it is securing healthcare provider trials. In New Zealand it provides the test through district health boards.

"The launch of Cxbladder Triage takes us a step closer to our vision of a 'one-stop-shop' for bladder cancer detection and management," said chief executive David Darling. "Cxbladder Triage is the first of its kind in this market, combining known bladder cancer risk factors with molecular diagnostics to rule out bladder cancer with confidence."

Last month, Pacific Edge said the European Patent Office granted a patent for the company's colorectal cancer prognostic technology, which is in the late stages of development and has already been patented in Japan.

Shares of Pacific Edge rose 3.5 percent to 88 cents, and have halved from their February peak of $1.76.


2 · Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

2 Comments & Questions

Commenter icon key: Subscriber Verified

Well done to this innovative company, and those biochemists who started it up in Otago. It's good to hear they're doing so brilliantly:)

  • 0
  • 0

Consistently performing and reaching milestones, great to see Pacific Edge is leading the way around the globe.

  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot


Sym Price Change
USD 0.7215 0.0000 0.00%
AUD 0.9353 0.0000 0.00%
EUR 0.5871 0.0000 0.00%
GBP 0.5174 0.0000 0.00%
HKD 5.6597 0.0000 0.00%
JPY 76.4290 0.0000 0.00%


Commodity Price Change Time
Gold Index 1312.3 -2.100 2018-03-16T00:
Oil Brent 66.0 1.090 2018-03-16T00:
Oil Nymex 62.4 1.140 2018-03-16T00:
Silver Index 16.3 -0.150 2018-03-16T00:


Symbol Open High Last %
NASDAQ 7504.4 7514.2 7481.7 0.00%
DJI 24877.3 25031.0 24873.7 0.29%