IDEXX Enables Improved Cancer Diagnosis and Personalized Care through Expanded Oncology Offering

Rhea-AI Summary

IDEXX Laboratories, Inc. (NASDAQ: IDXX) announced the expansion of its reference laboratory tests to improve cancer diagnosis and treatment for veterinarians. This new offering includes a liquid biopsy test using DNA sequencing for common canine cancers, a diagnostic panel for identifying genetic mutations, and innovative diagnostic profiles for therapy management. With around 6 million new cancer diagnoses annually in dogs and cats in the U.S., IDEXX aims to support veterinarians in managing complex cancer cases more effectively.

Positive

• Expansion of oncology testing services to improve cancer diagnostics for pets.
• Introduction of a liquid biopsy test using advanced DNA sequencing technology.
• Development of a diagnostic panel for therapy selection and personalized treatment.

Negative

• None.

WESTBROOK, Maine, Jan. 13, 2022 /PRNewswire/ -- IDEXX Laboratories, Inc. (NASDAQ: IDXX), a global leader in pet healthcare innovation, announced today the expansion of its reference laboratory menu of tests and services that will enable veterinarians to better meet the challenges of diagnosing and treating cancer. Building on its expertise in cancer pathology, IDEXX continues to expand what's possible to enhance the lives of pets by providing veterinarians with comprehensive cancer diagnostics and support services.

"IDEXX understands the challenges that veterinarians are experiencing when it comes to diagnosing, staging, and treating cancer," said Jay Mazelsky, IDEXX President and Chief Executive Officer. "As veterinarians strive to advance the standard of care for their patients, we continue to support them through innovations like accessible genomic cancer diagnostic tests and services."

The extended menu, which will be available later this month to customers of IDEXX Reference Laboratories in the United States and Canada, includes:

• A liquid biopsy test that utilizes next-generation DNA sequencing technology to aid in diagnosing the most common canine cancers: lymphoma, hemangiosarcoma, and osteosarcoma.
• A diagnostic panel for biopsy tissues that is used to identify genetic mutations in canines, assisting in therapy selection and personalized treatment options.
• Newly designed diagnostic profiles to support cancer therapy management and monitoring.

IDEXX's expanded oncology offering addresses the needs of a growing pet population and the increasing demand on veterinarians to diagnose and treat cancer. In the U.S. alone, roughly 6 million new cancer diagnoses are made in dogs, and a similar number are made in cats each year.¹ Additionally, IDEXX's team of global pathologists review over 1 million suspected cancer case submissions annually.

Each cancer case is complex and can be overwhelming, especially considering the stress on both the patient and the pet owner. IDEXX creates clarity for veterinarians through the extended menu of cancer diagnostics and pathology services and by connecting them with medical experts that can provide guidance on managing cancer cases. IDEXX's expanded offering facilitates more efficient case management and patient care for general practitioners and oncology specialists.

For more information about IDEXX and its reference laboratory offerings, visit idexx.com/discovermore.

About IDEXX 
IDEXX Laboratories, Inc. is a member of the S&P 500® Index and is a leader in pet healthcare innovation, offering diagnostic and software products and services that deliver solutions and insights to practicing veterinarians around the world. IDEXX products enhance the ability of veterinarians to provide advanced medical care, improve staff efficiency, and build more economically successful practices. IDEXX is also a worldwide leader in providing diagnostic tests and information for livestock and poultry, tests for the quality and safety of water and milk, and point-of-care and laboratory diagnostics for human medicine. Headquartered in Maine, IDEXX employs approximately 9,800 people and offers products to customers in over 175 countries.

Note Regarding Forward-Looking Statements

This news release contains or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "expects," "may," "anticipates," "intends," "would," "will," "plans," "believes," "estimates," "should," "project," and similar words and expressions. These forward-looking statements are intended to provide our current expectation or forecasts of future events; are based on current estimates, projections, beliefs, and assumptions; and are not guarantees of future performance. Actual events or results may differ materially from those described in the forward-looking statements. These statements are subject to risks, uncertainties, assumptions and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements because actual results may vary materially from those expressed or implied. The reports filed by IDEXX pursuant to United States securities laws contain discussions of some of these risks and uncertainties. IDEXX assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review IDEXX's filings with the United States Securities and Exchange Commission (which are available from the SEC's EDGAR database at sec.gov and via IDEXX's website at idexx.com).

References

¹ Animal Cancer Foundation 

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SOURCE Idexx Laboratories, Inc.

FAQ

What new services has IDEXX announced for cancer diagnosis?

IDEXX has expanded its reference laboratory tests to include a liquid biopsy test, a diagnostic panel for genetic mutations, and new profiles for therapy management.

How will IDEXX's new offerings benefit veterinarians?

The new offerings will help veterinarians more effectively diagnose and treat cancer in pets, addressing the rising demand for such services.

How many new cancer diagnoses occur in pets annually in the U.S.?

Approximately 6 million new cancer diagnoses are made in dogs and a similar number in cats each year in the U.S.

When will IDEXX's expanded oncology offerings be available?

The expanded oncology offerings will be available later this month for IDEXX Reference Laboratories customers in the U.S. and Canada.