Mainz Biomed NV Stock Price, News & Analysis

Mainz Biomed N.V. (NASDAQ:MYNZ) announced participation in two investor conferences in May 2022. The H.C. Wainwright Global Investment Conference will be held from May 23-26 in Miami, Florida, with a presentation scheduled for May 24 at 7am ET. Meanwhile, the Equity Forum German Spring Conference takes place from May 23-25 in Frankfurt, Germany, featuring a presentation at 8:30am CET on May 24. The company is known for its ColoAlert test for early colorectal cancer detection, which is CE-IVD marked and expanding into the U.S. market.

Mainz Biomed N.V. (NASDAQ:MYNZ) will host key opinion leaders in colorectal cancer diagnostics at Digestive Disease Week (DDW 2022) in San Diego from May 21-24, 2022. CEO Guido Baechler highlights the event's importance for advancing colorectal cancer detection and prevention. The DDW is the largest international meeting for digestive disease professionals and will showcase over 5,000 abstracts. Mainz Biomed's ColoAlert, a non-invasive test for colorectal cancer, aims to improve early detection and is set for U.S. market entry following FDA approval.

Mainz Biomed (NASDAQ:MYNZ) has made significant strides in developing PancAlert, a novel screening test for pancreatic cancer, funded by a grant from the German government. The initiative, which began in 2020, aims to provide non-invasive early detection, crucial for improving the low survival rates associated with pancreatic cancer. Recent achievements include meeting specificity targets and developing prototype tests. The company will focus on evaluating various collection methodologies over the next year. CEO Guido Baechler emphasized the project's importance for enhancing diagnostic solutions in cancer detection.

Mainz Biomed has appointed Darin Leigh as Chief Commercial Officer to enhance the international commercialization of ColoAlert and expand its cancer detection product line. With over 25 years of experience in the IVD field and a history of significant revenue generation at Abbott and Luminex, Leigh aims to leverage his expertise to position ColoAlert as a leading solution for colorectal cancer screening. The company anticipates growth in its market presence, particularly with an estimated US market opportunity of approximately $3.7 billion annually.

Mainz Biomed (NASDAQ:MYNZ) reported operational results for Q1 2022, emphasizing progress in commercial activities for its ColoAlert colorectal cancer test. Key highlights include international clinical study initiation (ColoFuture), acquisition of mRNA biomarkers to enhance ColoAlert, and positive FDA feedback for its pivotal trial. The company also commenced its U.S. medical reimbursement process and executed a $25.8 million public offering. CEO Guido Baechler expressed optimism about growth and strategic advancement in the oncology diagnostics market.

Mainz Biomed (NASDAQ:MYNZ) received positive feedback from the FDA on the trial design for its colorectal cancer detection test, ColoAlert. As preparations for a pivotal clinical trial commence, the company initiated its reimbursement process with CMS. This trial aims to evaluate the effectiveness of ColoAlert, which detects CRC through a non-invasive test utilizing DNA analysis. The study, involving over 600 patients, is set to complete enrollment in late 2022, with results expected in early 2023. The U.S. market opportunity for CRC screening is estimated at $3.7 billion annually.

Mainz Biomed N.V. (NASDAQ:MYNZ), a molecular genetics diagnostic company, announced CEO Guido Baechler will ring the closing bell at Nasdaq on March 21, 2022, celebrating its successful listing. Baechler expressed gratitude to shareholders and highlighted significant strides in the company's commercial and operational development. Mainz Biomed focuses on early cancer detection, with its flagship product ColoAlert for colorectal cancer. The company aims for U.S. regulatory approval for ColoAlert in 2022 and has other products in the pipeline, including PancAlert.

Mainz Biomed N.V. (NASDAQ:MYNZ) announced partnerships with Sentinel Diagnostics and Alcedis GmbH to advance the ColoFuture clinical study, which aims to assess novel mRNA biomarkers in the ColoAlert test for colorectal cancer. Sentinel will provide its SENTiFIT® 270 Analyzer, transitioning from manual to automated FIT processing. Alcedis will manage trial operations including patient recruitment. The study is set to evaluate over 600 patients in Germany and Norway, with enrollment expected to complete in 2H 2022 and results anticipated in early 2023.

Mainz Biomed (NASDAQ:MYNZ) reported significant strategic achievements for the year ended December 31, 2021. Highlights include a successful IPO on Nasdaq, progress in European commercialization of ColoAlert, and the recruitment of key management personnel. The company acquired novel mRNA biomarkers aimed at enhancing its ColoAlert test for colorectal cancer detection. Additionally, it raised $25.8 million in a public follow-on offering. Mainz initiated a clinical study, ColoFuture, and received FDA acceptance for its pivotal trial design pre-submission, positioning the company for U.S. regulatory advancements in 2022.