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Mainz Biomed presented findings from their largest cohort study at the ASCO 2024 Annual Meeting. The study, involving 690 clinical subjects from 30 specialized gastroenterology centers across Europe and the US, confirmed the high sensitivity and specificity of their multimodal screening test for colorectal cancer (CRC) and advanced adenomas (AA). The test integrates Fecal Immunochemical Test (FIT) with proprietary mRNA biomarkers, supported by AI and machine learning algorithms. The results showed a 92.3% sensitivity for CRC, 90.1% specificity, and 82.2% sensitivity for AA, with a 95.8% detection rate for high-grade dysplasia, demonstrating superior performance over existing non-invasive methods.
Mainz Biomed held its 2024 Annual General Meeting on May 31, 2024, in Amsterdam. Shareholders representing 10.9% of the company's ordinary shares attended, meeting the quorum requirement. All proposals, including the adoption of the statutory annual accounts, discharge of directors, amendments to the articles of association, and reappointment of directors, were approved with significant majorities. The company also disclosed a non-compliance notice from Nasdaq for failing to meet the minimum bid price requirement, giving Mainz Biomed 180 days to regain compliance. Failure to comply by November 25, 2024, could result in delisting, although an extension may be granted.
Mainz Biomed will present its largest colorectal cancer screening study to date at the ASCO 2024 Annual Meeting. The study, combining data from ColoFuture and eAArly DETECT studies, includes 690 subjects across 30 clinical sites. The novel screening test, which uses mRNA biomarkers, FIT tests, and an AI algorithm, showed a 92.3% sensitivity for colorectal cancer and 82.3% for advanced precancerous lesions. This innovative, non-invasive approach aims to enhance early detection of colorectal cancer and advanced adenomas, potentially reducing cancer mortality rates globally. The presentation session will be held on June 1, 2024, from 13:30 to 16:30 CDT.
Mainz Biomed unveiled groundbreaking eAArly DETECT study results at Digestive Disease Week (DDW) 2024, achieving a Poster of Distinction award. The study demonstrated 97% sensitivity for colorectal cancer (CRC) and 82% for advanced precancerous lesions, with 100% detection in high-grade dysplasia patients. Conducted across multiple US sites with 254 clinical subjects, the study utilized a multimodal screening test combining Fecal Immunochemical Test (FIT), proprietary mRNA biomarkers, AI, and machine learning. These findings highlight a significant improvement in CRC and advanced adenoma (AA) detection, aligning with previous European ColoFuture study results. Mainz Biomed aims to shift from cancer detection to prevention, potentially reducing CRC mortality rates worldwide.
Mainz Biomed N.V. will present the results of its eAArly DETECT study at Digestive Disease Week in Washington D.C. The study reported a sensitivity for colorectal cancer of 97% and a specificity of 97%, along with a sensitivity for advanced adenoma of 82%. The results indicate promising performance of a multimodal screening test combining various biomarkers with an AI algorithm to improve early detection rates for colorectal cancer and precancerous conditions.