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Precipio Announces New 1-Step Technology for All HemeScreens

NEW HAVEN, Conn., Aug. 16, 2022 (GLOBE NEWSWIRE) — Specialist Cancer Diagnostics Company Prereo Co., Ltd. (Nasdaq: PRPO)announces the launch of its 2nd generation HemeScreen panel. Precipio customers using his HemeScreen in their labs can choose to upgrade to a 1-step assay or continue with their current assay.

The first generation panels required a two-step process with a positive confirmation step, but the new version no longer requires this step. This means that both positive and negative results can be reached if the assay run is completed within approximately 3 hours.

Simplifying the process does more than reduce turnaround time (TAT) to deliver results to clinicians. It also reduces the work required by lab technicians to complete assays by approximately 25%, saving lab time and money. Based on prior discussions with most of our customers, they plan to upgrade to newer versions of our products.

The new version of the assay has been extensively tested and validated in Precipio’s R&D facility. Over the past few months, Precipio’s CLIA/CAP accredited labs have been using Precipio clinically and have accumulated substantial data demonstrating its clinical and operational utility. The product department now plans to release this update to his HemeScreen customers.

Keith Meadors, senior vice president of products at Precipio, said: “Our model of using our clinical laboratory to develop new technology, test it in the clinical laboratory, and then launch it as a product that other laboratories will benefit from is very attractive to our customers. We are excited to work with our R&D department to deliver products that enable our customers to provide the best possible care for their cancer patients.”

About Precipio

Precipio Inc. is a healthcare company focused on cancer diagnostics. Our mission is to address the pervasive problem of cancer misdiagnosis by developing products that mitigate the root causes of this problem in the form of diagnostic products, reagents and services. Industry research estimates that one in five of her blood cancer patients is misdiagnosed. As cancer diagnostic tests evolve from cells to molecules (genes and exons), clinical testing becomes extremely complex, requiring physicians to effectively collect, analyze, and present information to treat patients. High diagnostic accuracy is required. Precipio has built a robust specialty cancer diagnostic platform that enables the rapid development of unique, highly differentiated clinical diagnostic products, providing laboratories around the world with superior clinical, operational and economic benefits. bring real benefits. By providing diagnostic products, reagents and services that improve diagnostic accuracy and efficiency and reduce misdiagnosis, we believe that choosing the right treatment option can improve patient outcomes. Additionally, we believe that improved patient outcomes will reduce/reduce healthcare costs due to fewer misdiagnoses.

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