SAN DIEGO--(BUSINESS WIRE)--June 4, 2008--Sequenom, Inc.
(NASDAQ:SQNM), a leading provider of genetic-analysis solutions,
announced positive results from screening studies using the Company's
noninvasive circulating cell-free fetal (ccff) nucleic acid
SEQureDx(TM) Technology, which enables the detection of fetal
aneuploidy, including Down syndrome from maternal blood. At its
analyst-and-investor briefing "The Future of Noninvasive Prenatal
Diagnostics" held at the International Society of Prenatal Diagnostics
(ISPD) conference in Vancouver, Canada, executives were joined by a
panel of leading scientists and clinicians to discuss study results
and updates in the development of noninvasive prenatal diagnostics.
The Company reported that in blinded studies performed at Sequenom
involving approximately 200 clinical samples collected both
prospectively and retrospectively, its proprietary test for Down
syndrome correctly identified 100% of all Down syndrome samples (i.e.
sensitivity or detection rate), without any false-positive outcomes
(i.e. specificity). Population coverage for the T21 test improved to
at least 93% of the U.S. population. With currently available
serum-testing options having detection rates between 70% to 90% and
false-positive rates as high as 5%, SEQureDx Technology shows promise
for significant performance advantages over the current paradigms for
prenatal screening. The Company expects to continue its development
activities through the end of 2008, at which time the Company will
initiate transfer of the technology to laboratory partners. The
Company plans to initiate a multi-site validation study consisting of
several thousand samples in the fourth quarter this year and launch
its Down syndrome test as a Laboratory Developed Test (LDT) in the
U.S. in the first half 2009.
"We are very pleased to be reporting substantial progress toward
commercializing an important test to screen for Down syndrome that can
be administered as early as late in the first trimester through a
simple blood draw from the mother," said Harry Stylli, Ph.D.,
Sequenom's President and Chief Executive Officer. "Data from our
blinded screening study for the detection of fetal aneuploidy indicate
that the current version of our test has identified all Down syndrome
samples without any false-positive outcomes. Also our coverage has
improved to at least 93% of the U.S. population. Although these
results require further validation in larger studies, such results
using SEQureDxTM Technology can potentially transform current clinical
practice for Down syndrome-risk assessment."
The studies conducted both prospectively and retrospectively,
involved approximately 200 samples in both normal and high-risk
patients. The blinded-prospective study involved 180 samples
comprising 130 low-risk and 50 high-risk samples. The test correctly
identified three Down syndrome samples without any false-positive
outcomes. Of the 21 blinded samples analyzed retrospectively, the test
correctly identified seven Down syndrome samples while also indicating
no false-positive results.
"A direct, noninvasive genetic assessment of fetal Down syndrome
will result in far-better screening accuracy and would dramatically
reduce the number of unnecessary, invasive diagnostic procedures that
women undergo in current maternal serum-screening protocols. Improved
detection rates, as reported by Sequenom in its assay optimization
studies, exceed those with currently available screening models," said
Allan T. Bombard, M.D., a reproductive geneticist with more than two
decades of experience in the field of prenatal screening and
diagnosis. (Dr. Bombard serves as a Chief Medical Director at Sharp
Mary Birch Hospital and is the Principal Investigator of the study.)
"Moreover, having minimum false-positive results will significantly
reduce the number of unnecessary confirmatory diagnostic tests, as
well as the anxiety and complications associated with invasive
procedures."
Currently available tests conducted during the first or second
trimester of pregnancy use epigenetic markers associated with the Down
syndrome phenotype that are characterized as "surrogate" markers as
they are not directly related to the extra Number 21 chromosome.
Different combinations of markers, measured at different times in
pregnancy, constitute the multiple-marker approach to screening. These
tests have detection rates of 70% to 90% with approximately a 5%
false-positive rate, while also having inconsistent population
coverage or ethnicity rates. The SEQureDx test uses a maternal blood
sample drawn as early as the first trimester and identifies directly
the extra Number 21 chromosome. Invasive procedures such as
amniocentesis or chorionic villus sampling (CVS) carry risk of
miscarriage and other risks to mother and fetus.
"Current screening methods, using multiple 'surrogate' markers,
are very good, but are unlikely to reach diagnostic potential," said
Jacob Canick, Ph.D., Professor of Pathology and Laboratory Medicine at
Brown University Medical School. "In contrast, I am optimistic that
tests using multiple-fetal RNA and DNA markers can be developed not
only for Down syndrome, but for all clinically important aneuploidies,
and it is reasonable to expect that such direct, noninvasive
diagnostics could be done in the first trimester of pregnancy."
Sequenom's analyst-and-investor-briefing event speakers included
Alan Bombard, M.D., Chief Medical Officer at Sharp Mary Birch
Hospital, who discussed current clinical practices for Down syndrome
screening and diagnosis; Jacob Canick, Ph.D., Professor of Pathology
and Laboratory Medicine at Brown University Medical School, who
discussed methods for screening pregnancies for Down syndrome;
Professor Dennis Lo, consultant to Sequenom and a leading researcher
in prenatal diagnostics, who discussed the future of prenatal
diagnosis; and Sequenom's Senior Vice President of Research and
Development Elizabeth Dragon, Ph.D., who reviewed progress with
Sequenom's SEQureDx Technology in developing a test for Down syndrome.
A webcast of the event is available on the Company Web site at
www.sequenom.com.
Sequenom's Proprietary Noninvasive Prenatal Diagnostics
Sequenom's commercial opportunities in prenatal diagnostics are
built upon its SEQureDx technologies and are enabled by the pioneering
inventions and associated intellectual property rights that it has
exclusively licensed from Isis Innovation Ltd., the technology
transfer company of the University of Oxford, as well as The Chinese
University of Hong Kong. Sequenom's portfolio of noninvasive prenatal
diagnostic patent rights and patent applications is
platform-independent, includes genetic-analysis methods using
circulating cell-free fetal nucleic acids from maternal serum, plasma
or whole blood, and also includes a portfolio of methylation and
nucleic-acid markers. Sequenom holds exclusive rights in territories
including the United States, Europe, Australia, Canada, Japan and Hong
Kong. Sequenom is actively expanding its intellectual property
position with new technology and new territories. Because Sequenom's
license rights are platform-independent, the rights provide
exclusivity (with the narrow exception in Europe for RT-PCR-based
Rhesus D tests) for development and commercialization of noninvasive
prenatal screens and tests on any platform and are not limited to the
Company's MassARRAY platform.
About SEQureDx Technology
Sequenom's SEQureDx Technology is a novel approach to genetic
screening. Unlike current standards of harvesting placental tissue
cells as is required for chorionic villus, or entering the uterus to
sample the amniotic fluid surrounding the baby as is performed with
amniocentesis, SEQureDx Technology extracts Fetal Nucleic Acid
material safely and comfortably from a simple blood specimen collected
from the mother to determine the genetic status of the fetus. This
breakthrough suggests that effective screening may be accomplished in
the future without the risks associated with disturbing the amniotic
fluid that surrounds the baby in the uterus. In December 2007, the
Company, through its laboratory partner, introduced a
laboratory-developed RhD incompatibility test using RT-PCR in the
United States. In February 2008, Sequenom announced progress with its
noninvasive Trisomy 21 test based on multiple RNA fetal markers,
including the PLAC4 gene as previously published by Dr. Dennis Lo,
Chinese Hong Kong University. In these preliminary studies, data from
more than 100 clinical plasma specimens of various ethnicities
indicated that the development-stage Trisomy 21 test was approaching
85% (+/- 5%) ethnic coverage, more than 95% sensitivity and close to
99% specificity.
About Down Syndrome
Down syndrome is a chromosomal abnormality characterized by the
presence of an extra copy of genetic material on the 21st chromosome,
either in whole (Trisomy 21) or in part (such as due to
translocations). The effects of the extra copy vary greatly among
people, depending on the extent of the extra copy, genetic history and
pure chance. In 2007, the American College of Obstetricians and
Gynecologists (ACOG) endorsed guidelines that offer risk assessment to
all pregnancies for fetal chromosomal abnormalities, including Down
syndrome. The ACOG recommendation includes screening before the 20th
week of pregnancy using a less-invasive screening option that includes
ultrasound in conjunction with the measurement of certain blood
hormones. It is estimated that approximately 70%, or 2.8 million,
women undergo Down syndrome screening in the United States each year.
About Sequenom
Sequenom is committed to providing the best genetic-analysis
products for research and the molecular-diagnostic markets. The
Company makes available superior solutions for genomic science in
biomedical research, livestock and agricultural applications and
molecular medicine, as well as for various diagnostic markets,
including noninvasive prenatal testing, oncology and infectious
diseases. Sequenom's proprietary MassARRAY system delivers reliable
and specific data from complex biological samples and from
genetic-target materials available only in trace amounts.
Sequenom(R), MassARRAY(R) and SEQureDx(TM) are trademarks of
Sequenom, Inc.
Except for the historical information contained herein, the
matters set forth in this press release, including statements
regarding the future performance, impact on healthcare, expectations,
plans, and timelines for development, screening studies, validation
studies, partnering and technology transfer, and commercialization of
the Company's SEQureDx Technology for detection of fetal aneuploidy
including Down syndrome, are forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially, including the risks and uncertainties associated
with demand for and market acceptance of Sequenom's products,
services, and technologies, new technology and product development and
commercialization, reliance upon the collaborative efforts of other
parties, research and development progress, competition, government
regulation particularly with respect to diagnostic products and
laboratory developed tests, obtaining or maintaining regulatory
approvals, and other risks detailed from time to time in the Company's
SEC reports, including the Company's Annual Report on Form 10-K for
the year ended December 31, 2007 and subsequent periodic reports.
These forward-looking statements are based on current information that
is likely to change and speak only as of the date hereof. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. All
forward-looking statements are qualified in their entirety by this
cautionary statement, and the Company undertakes no obligation to
revise or update any forward-looking statement to reflect events or
circumstances after the issuance of this press release.
CONTACT: Company Contact
Sequenom, Inc.
Paul W. Hawran, Chief Financial Officer, 858-202-9000
or
Investor Relations Contact
Lippert/Heilshorn & Associates
Jody Cain, 310-691-7100
jcain@lhai.com
SOURCE: Sequenom, Inc.