Castle Biosciences is Listed in the Houston Chronicle’s “CHRON 100” as One of the 100 Most Successful Publicly Traded Companies in Houston
Castle Biosciences, Inc. (Nasdaq: CSTL) has been recognized in the Houston Chronicle’s CHRON 100 list for the second consecutive year, highlighting its success in Market Value, Market Return, and Revenue Growth. The recognition reflects Castle's ongoing growth in genomic diagnostics for dermatologic conditions, primarily through its flagship product, the DecisionDx®-Melanoma. The firm plans to enhance its diagnostic suite further, contributing to its stature as a leader in the sector and aiming to improve patient outcomes.
- Included in the Houston Chronicle's CHRON 100 list for 2021, recognizing achievements in market value, return, and revenue growth.
- Expansion of diagnostic tests, including DecisionDx-SCC and myPath Melanoma.
- Strong performance and accuracy of the DecisionDx-Melanoma, with over 73,396 orders by March 31, 2021.
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Castle Biosciences, Inc. (Nasdaq: CSTL), a dermatologic diagnostics company providing personalized genomic information to inform treatment decisions, today announced it has been included in the Houston Chronicle’s list of the 100 most successful publicly traded companies in the Houston area.
Castle has been included in the category for Market Value, Market Return & Revenue Growth. This is the second year that Castle has been named in the “CHRON 100” as a top company by the Houston Chronicle. In 2020, the Company received recognition as one of the top initial public offerings of 2019.
“We’re excited to be recognized as one of the top public companies in Houston by the Houston Chronicle again this year,” said Derek Maetzold, president and chief executive officer of Castle Biosciences. “We are proud to be included for our achievements in the category of market value, market return and revenue growth. And we continue to grow our suite of diagnostic and prognostic tests for dermatologic cancers and other dermatologic diseases with unmet clinical need. While DecisionDx ®-Melanoma remains our lead product, in the second half of 2020, we expanded our skin cancer test offerings with the commercial launch of DecisionDx®-SCC for cutaneous squamous cell carcinoma and DecisionDx® DiffDxTM-Melanoma for difficult-to-diagnose melanocytic lesions. In addition, in May of 2021, we acquired a second gene expression profile test for difficult-to-diagnose melanocytic lesions, myPath® Melanoma. We look forward to furthering our position as a leader in providing clinically actionable dermatologic genomic tests designed to transform disease management and help improve the lives of patients.”
About DecisionDx-Melanoma
DecisionDx®-Melanoma is a gene expression profile test that uses an individual patient’s tumor biology to predict individual risk of cutaneous melanoma metastasis or recurrence, as well as sentinel lymph node positivity, independent of traditional staging factors, and has been studied in more than 5,700 patient samples. Using tissue from the primary melanoma, the test measures the expression of 31 genes. The test has been validated in four archival risk of recurrence studies of 901 patients and six prospective risk of recurrence studies including more than 1,600 patients. To predict likelihood of sentinel lymph node positivity, the Company utilizes its proprietary algorithm, i31-GEP, to produce an integrated test result. i31-GEP is an artificial intelligence-based neural network algorithm (independently validated in a cohort of 1,674 prospective, consecutively tested patients with T1-T4 cutaneous melanoma) that integrates the DecisionDx-Melanoma test result with the patient’s traditional clinicopathologic features. Impact on patient management plans for one of every two patients tested has been demonstrated in four multicenter and single-center studies including more than 560 patients. The consistent performance and accuracy demonstrated in these studies provides confidence in disease management plans that incorporate DecisionDx-Melanoma test results. Through March 31, 2021, DecisionDx-Melanoma has been ordered more than 73,396 times for use in patients with cutaneous melanoma.
More information about the test and disease can be found at www.CastleTestInfo.com.
About DecisionDx-SCC
DecisionDx-SCC is a 40-gene expression profile test that uses an individual patient’s tumor biology to predict individual risk of cutaneous squamous cell carcinoma metastasis for patients with one or more risk factors. The test result, in which patients are stratified into a Class 1, 2A or 2B risk category, predicts individual metastatic risk to inform risk-appropriate management.
Peer-reviewed publications have demonstrated that DecisionDx-SCC is an independent predictor of metastatic risk and that integrating DecisionDx-SCC with current prognostic methods can add positive predictive value to clinician decisions regarding staging and management.
More information about the test and disease can be found at www.CastleTestInfo.com.
About Castle Biosciences’ Comprehensive Diagnostic Offering for Difficult-to-Diagnose Melanocytic Lesions
myPath® Melanoma and DecisionDx® DiffDx™-Melanoma comprise Castle’s objective and comprehensive diagnostic offering designed to aid dermatopathologists in characterizing difficult-to-diagnose melanocytic lesions. Of the approximately 2 million suspicious pigmented lesions biopsied annually in the U.S., Castle estimates that approximately 300,000 of those cannot be confidently classified as either benign or malignant through traditional histopathology methods. For these cases, the treatment plan can also be uncertain. Obtaining highly accurate, objective ancillary testing can mean the difference between a path of overtreatment or the risk of undertreatment. Interpreted in the context of other clinical, laboratory and histopathologic information, myPath Melanoma and DecisionDx DiffDx-Melanoma are designed to reduce uncertainty and provide confidence for dermatopathologists and help dermatologists deliver more informed patient management plans.
More information about the test and disease can be found at www.CastleTestInfo.com.
About Castle Biosciences
Castle Biosciences (Nasdaq: CSTL) is a commercial-stage dermatologic diagnostics company focused on providing physicians and their patients with personalized, clinically actionable genomic information to make more accurate treatment decisions. The Company currently offers tests for patients with cutaneous melanoma (DecisionDx®-Melanoma, DecisionDx®-CMSeq), cutaneous squamous cell carcinoma (DecisionDx®-SCC), suspicious pigmented lesions (DecisionDx® DiffDx™-Melanoma, myPath® Melanoma) and uveal melanoma (DecisionDx®-UM, DecisionDx®-PRAME and DecisionDx®-UMSeq). For more information about Castle’s gene expression profile tests, visit www.CastleTestInfo.com. Castle also has active research and development programs for tests in other dermatologic diseases with high clinical need, including its test in development to predict systemic therapy response in patients with moderate to severe psoriasis, atopic dermatitis and related conditions. Castle Biosciences is based in Friendswood, Texas (Houston), and has laboratory operations in Phoenix. Additionally, in May of 2021, Castle acquired the myPath Melanoma laboratory in Salt Lake City.
For more information, visit www.CastleBiosciences.com.
DecisionDx-Melanoma, DecisionDx-CMSeq, DecisionDx-SCC, DecisionDx DiffDx-Melanoma, myPath Melanoma, DecisionDx-UM, DecisionDx-PRAME and DecisionDx-UMSeq are trademarks of Castle Biosciences, Inc.
Forward-Looking Statements
The information in this press release contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections. These forward-looking statements include, but are not limited to, statements concerning the ability of our tests to improve the lives of patients and our ability to further our position as a leader in providing clinically actionable dermatologic genomic tests designed to transform disease management. The words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those in the forward-looking statements, including, without limitation, the effects of the COVID-19 pandemic on our business and our efforts to address its impact on our business, subsequent study results and findings that contradict earlier study results and findings, our product’s ability to provide the aforementioned benefits to patients, general market conditions, changes in the competitive landscape and the introduction of competitive products and the risks set forth in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and in our other filings with the SEC. The forward-looking statements are applicable only as of the date on which they are made, and we do not assume any obligation to update any forward-looking statements, except as may be required by law.
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