Mainz Biomed Expands into Switzerland with labor team w
20 Fevereiro 2025 - 10:01AM
Mainz Biomed N.V. (NASDAQ:MYNZ) (“Mainz Biomed” or the “Company”),
a molecular genetics diagnostic company specializing in the early
detection of cancer, announced today a strategic partnership with
labor team w ag (“labor team”), a renowned diagnostic laboratory
based in Goldach, Switzerland. This collaboration introduces
ColoAlert®, a DNA-based colorectal cancer (CRC) screening test to
the Swiss market for the very first time, marking Mainz Biomed’s
initial footprint in Switzerland.
CRC remains one of the most common yet preventable forms of
cancer worldwide. In Switzerland, thousands of new cases are
diagnosed annually, underscoring the urgent need for early
detection and prevention. The introduction of a DNA-based CRC
screening test offers a transformative opportunity to increase
participation rates and ensure early detection, aligning with
national efforts to reduce CRC-related mortality and improve
population health outcomes.
The new partnership combines Mainz Biomed’s expertise in
DNA-based diagnostics with labor team w’s strong track record in
delivering high-quality laboratory services. Together, the
companies will provide a state-of-the-art CRC screening test to
individuals across Switzerland.
“We are thrilled to partner with labor team to bring this
innovative CRC screening solution to the Swiss market,” said Guido
Baechler, CEO of Mainz Biomed. “By integrating our cutting-edge
technology into labor team’s trusted diagnostic services, we aim to
empower individuals with accessible and reliable cancer screening
options, ultimately advancing public health.”
Alain Cahen, CEO of labor team, adds “the introduction of
ColoAlert® on the Swiss market continues to position labor team as
the top innovator of private laboratories, helping more patients
access reliable diagnostic tools in key disease areas such as colon
cancer screening.
This partnership also marks an important milestone for Mainz
Biomed, further expanding its presence in the European market with
its flagship product ColoAlert®, the first DNA-based CRC screening
test in Europe. It aligns with the growing demand for personalized
healthcare solutions that prioritize early intervention and
prevention.
The DNA-based CRC screening test will be available through labor
team w´s extensive network of healthcare providers starting in the
spring 2025.
Please visit Mainz Biomed’s official website for
investors at mainzbiomed.com/investors/ for more
information
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About Mainz Biomed NVMainz Biomed develops
market-ready molecular genetic diagnostic solutions for
life-threatening conditions. The Company’s flagship product is
ColoAlert®, an accurate, non-invasive and easy-to-use,
early-detection diagnostic test for colorectal cancer. ColoAlert®
is marketed across Europe and the United Arab Emirates. The Company
is currently running a pivotal FDA clinical study for US regulatory
approval. Mainz Biomed’s product candidate portfolio also includes
PancAlert, an early-stage pancreatic cancer screening test based on
real-time Polymerase Chain Reaction-based (PCR) multiplex detection
of molecular-genetic biomarkers in stool samples. To learn more,
visit mainzbiomed.com or follow us
on LinkedIn,
Twitter and
Facebook.
About labor team labor team w ag, based in
Goldach in the canton of St Gallen, is one of Switzerland's leading
private medical laboratories. Established in 2001 and run by
medical professionals, it is now the fourth largest laboratory in
Switzerland, with over 300 employees. labor team is one of the few
laboratories that serves the whole of Switzerland. It provides
professional services for disease prevention, diagnosis, monitoring
and treatment of illnesses. The company covers every aspect of
laboratory medicine and pathology. It performs medical tests and
analyses in a state-of-the-art central laboratory, resulting in top
quality services, a high level of flexibility and fast turnarounds.
For more information, visit: www.laborteam.ch
For media inquiriesMC Services AGAnne
Hennecke/Simone Neeten+49 211 529252
22mainzbiomed@mc-services.eu For investor
inquiries, please contact
ir@mainzbiomed.com Forward-Looking
StatementsCertain statements made in this press release
are “forward-looking statements” within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may be identified by the use of
words such as “anticipate”, “believe”, “expect”, “estimate”,
“plan”, “outlook”, and “project” and other similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
reflect the current analysis of existing information and are
subject to various risks and uncertainties. As a result, caution
must be exercised in relying on forward-looking statements. Due to
known and unknown risks, actual results may differ materially from
the Company’s expectations or projections. The following factors,
among others, could cause actual results to differ materially from
those described in these forward-looking statements: (i) the
failure to meet projected development and related targets; (ii)
changes in applicable laws or regulations; (iii) the effect of the
COVID-19 pandemic on the Company and its current or intended
markets; and (iv) other risks and uncertainties described herein,
as well as those risks and uncertainties discussed from time to
time in other reports and other public filings with the Securities
and Exchange Commission (the “SEC”) by the Company. Additional
information concerning these and other factors that may impact the
Company’s expectations and projections can be found in its initial
filings with the SEC, including its annual report on Form 20-F
filed on April 9, 2024. The Company’s SEC filings are available
publicly on the SEC’s website at www.sec.gov. Any forward-looking
statement made by us in this press release is based only on
information currently available to Mainz Biomed and speaks only as
of the date on which it is made. Mainz Biomed undertakes no
obligation to publicly update any forward-looking statement,
whether written or oral, that may be made from time to time,
whether as a result of new information, future developments or
otherwise, except as required by law.
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