Makati Medical Center in the Philippines Adopts Precipio’s ICE COLD-PCR Mutation Enrichment Technology for Liquid Biopsies
Precipio, Inc. (PRPO)
US:NASDAQ Investor Relations:
precipiodx.com/investors.html
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Source: GlobeNewswire
NEW HAVEN, Conn., Jan. 15, 2019 (GLOBE NEWSWIRE) -- Specialty cancer diagnostics company Precipio, Inc. (NASDAQ: PRPO) announced that Makati Medical Center (MakatiMed) in Manila, the Philippines, has placed its first order for ICE COLD-PCR (ICP) as part of its agreement to serve as the exclusive central laboratory in the Philippines for Precipio’s ICP liquid biopsy technology. MakatiMed will serve as the primary site to provide liquid biopsy services for its patients and other major hospitals in Manila, as well as other cancer centers around the country. With approximately 200,000 new cancer patients and 35,000 cancer-related deaths per year1, cancer is a leading cause of mortality in the Philippines. Precipio anticipates the market potential in the Philippines based on the gradual adoption of liquid biopsy over the next few years to generate 10,000 of tests annually, which would correlate to a revenue potential of $1-3M. “MakatiMed is committed to consistently improving the healt
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