Management Joined by Leading Scientists and Clinicians to Discuss
Study Results and Other Business Updates
SAN DIEGO & NEW YORK--(BUSINESS WIRE)--Sept. 23, 2008--Sequenom,
Inc. (NASDAQ:SQNM), a leading provider of genetic-analysis and
molecular diagnostic solutions, announced additional, 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 Briefing in New York City. Among
the data presented, Sequenom's test demonstrated complete concordance
with clinical results (no false positives and no false negatives) in
both first and second trimester samples (over 200 samples announced
today and in excess of 400 prospective samples to-date). Sequenom
executives were joined by a panel of leading scientists and clinicians
to discuss these study results and updates in the development of
noninvasive prenatal diagnostics.
"These data expand upon the data we announced in June and
underscore the potential for our SEQureDx Technology to transform
current clinical practice for prenatal diagnostics as a primary
screening tool for Trisomy 21. Furthermore, these results support the
potential for our test to be used in the first trimester," said Harry
Stylli, Ph.D., Sequenom's President and Chief Executive Officer. "In
addition, our announcement earlier today regarding our acquisition of
the Center for Molecular Medicine, a CLIA-certified molecular
diagnostics laboratory, and our partnership with Spectrum Health and
the Van Andel Research Institute, provides us with important
infrastructure and commercialization control. We are delighted with
our progress in bringing to market an important, noninvasive screening
test for Down syndrome, as well as a broader menu of molecular
diagnostic tests. These results are very promising, and we look
forward to continuing the clinical development and validation progress
to launch in the first half of 2009."
Elizabeth Dragon, Ph.D., Senior Vice President of Research and
Development at Sequenom, presented data from blinded studies performed
at Sequenom involving 219 new clinical samples collected
prospectively, showing that 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). The SEQureDx prototype test also demonstrated its
ability to correctly identify a Down syndrome positive sample in the
first trimester, confirmed by chorionic villus sampling (CVS), a
current testing standard that requires the harvesting of placental
tissue cells.
Sequenom indicated that with the addition of new SNPs in PLAC4 and
a recently discovered gene, the SEQureDx Trisomy 21 test should
increase its coverage from 93% to greater than 95% in the US
population. The Company has also identified novel markers for Trisomy
18 that have passed its initial selection criteria, and other
chromosomes, and intends to develop these markers into new tests.
The Company expects to continue its current development activities
through the end of 2008, at which time the Company will initiate a
multi-site 3,000 to 5,000-sample laboratory developed test (LDT)
validation study, which is expected to be completed and submitted for
publication at the time of the anticipated commercial launch in June
2009. To facilitate the LDT validation study, Sequenom also indicated
that the company will be collaborating with new clinical partners who
perform in excess of 12,000 amniocenteses and 3,000 CVS per year. In
addition, Sequenom announced sponsorship of the RNA Noninvasive
Aneuploidies ("RNA") study, a landmark, multi-center, prospective
study involving up to 10,000 samples from first and second trimester
pregnancies using the SEQureDx technology, managed and analyzed by an
independent third-party.
During the Analyst Briefing, management also highlighted key
upcoming milestones for the prenatal diagnostics business, including:
-- Confirm 10-week or earlier gestational age testing
-- Evaluate integration of T18 (Edward's syndrome) assay into the
first generation test
-- Initiate T21 LDT clinical validation study evaluating 3,000 to
5,000 samples
-- Complete T21 testing of up to 800 additional high prevalence
specimens by year-end 2008
-- Initiate "RNA" multi-center study involving 10,000 high
prevalence patient samples
-- Submission of key data for publication
-- Commercial launch of T21 test in first half of 2009
Sequenom's analyst briefing included the following speakers and
topics:
-- Harry Stylli, Ph.D., Chief Executive Officer, Sequenom
Business Overview and Update
-- Charles R. Cantor, Ph.D., Chief Scientific Officer, New
applications of the Sequenom Platform
-- Yury Khudyakov, Ph.D., Chief, Molecular Epidemiology and
Bioinformatics Laboratory, Division of Viral Hepatitis,
Centers for Disease Control and Prevention, Novel Molecular
Technologies for Public Health
-- Betty Dragon, Ph.D., Senior Vice President, R&D, Noninvasive
Prenatal Detection of Genetic Abnormalities Using SEQure
Dx(TM) Technology
-- Daniel H. Farkas, PhD, HCLD, FACB, Executive Director, Center
for Molecular Medicine, Real-world Genetic Testing:
Translating Science Into Routine Clinical Tests
-- Gary S. Riordan, Vice President, Regulatory Affairs and
Quality, FDA Regulatory Environment
-- Jacob A. Canick, Ph.D., Professor of Pathology and Laboratory
Medicine, Brown University Medical School, Design And
Implementation of a Landmark, Multicenter, Prospective
Clinical Study To Validate The Safe And Accurate Detection Of
Down Syndrome Using SEQure Dx(TM) Technology
-- Allan T. Bombard, M.D., FACOG, FACS, FACMG, reproductive
geneticist, Chief Medical Officer, Sharp Mary Birch Hospital,
Are We Facing a Revolution in Noninvasive Prenatal Genetic
Diagnostics?
A recording of the webcast of the event will be available on the
Company Web site at www.sequenom.com until October 7, 2008.
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 genotyping 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.
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 potential of the Company's SEQureDx Technology, the
continuing development and potential of the Company's screening test
for Down syndrome and other molecular diagnostic tests, the Company's
acquisition of the Center for Molecular Medicine, the Company's
partnership with Spectrum Health and the Van Andel Research Institute,
the Company's future collaborations to conduct additional clinical
testing, and the Company's sponsorship of the RNA Noninvasive
Aneuploidies study 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: Sequenom, Inc.
Paul W. Hawran
Chief Financial Officer
858-202-9000
or
Investor Relations Contact
Lippert/Heilshorn & Associates
Jody Cain (jcain@lhai.com)
Kevin Mc Cabe (kmccabe@lhai.com)
310-691-7100
SOURCE: Sequenom, Inc.