Mainz Biomed Appoints Dr. D. Kim Turgeon of University of Michigan Health to its Medical Advisory Board

Rhea-AI Summary

Mainz Biomed N.V. (NASDAQ:MYNZ) announced the appointment of Dr. D. Kim Turgeon to its Medical Advisory Board to support its upcoming pivotal trial for ColoAlert, a colorectal cancer detection test. Dr. Turgeon, an expert in gastroenterology and clinical research at University of Michigan Health, brings extensive experience in clinical trials. Mainz aims to enhance ColoAlert's capabilities and prepare for FDA submission, which follows positive feedback on its pre-submission package. The U.S. market for colorectal cancer screening is projected to be approximately $3.7 billion annually.

Positive

• Appointment of Dr. D. Kim Turgeon to Medical Advisory Board brings expertise in gastrointestinal research.
• Positive feedback from FDA on ColoAlert's pre-submission package supports trial progression.
• ColoAlert's potential annual U.S. market opportunity estimated at $3.7 billion.

Negative

• None.

• Dr. Turgeon is an esteemed Clinical Professor at University of Michigan Health and clinical translational researcher with specific research interest in colon cancer and chemoprevention
  
• Mainz Biomed’s Medical Advisory Board to bring together a highly distinguished group of multi-disciplinary experts from across gastroenterology, clinical research and diagnostics to support its forthcoming U.S. pivotal trial for ColoAlert

BERKELEY, Calif. and MAINZ, Germany, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Mainz Biomed N.V. (NASDAQ:MYNZ) (“Mainz Biomed” or the “Company”), a molecular genetics diagnostic company specializing in the early detection of cancer, announced today the appointment of Dr. D. Kim Turgeon of University of Michigan Health to its Medical Advisory Board (MAB).

The MAB is supporting the Company’s forthcoming U.S. pivotal trial for ColoAlert, its highly efficacious, and easy-to-use detection test for colorectal cancer (CRC) and assist Mainz in evaluating ColoAlert’s potential to address additional oncology indications along with enhancing Mainz’s pipeline of product candidates.

An esteemed Clinical Professor at University of Michigan Health and clinical translational researcher, Dr. Turgeon has been a Co-Iead on BETRNet, a multi-disciplinary, multi-institutional collaboration co-sponsored by the National Cancer Institute’s (NCI’s) Division of Cancer Prevention and Division of Cancer Biology (2011-2022), a Co-I on the Network for Translational Research (NTR) (2008-2013), and a Co-Iead on the Great Lakes-New England Clinical Epidemiology and Validation Center of the NCI-funded Early Detection Research Network (2000-2015). Dr. Turgeon has an established and extensive record of protocol development, protocol implementation, subject recruitment, subject retention, and extensive clinical data management skills and has provided practical knowledge about clinical gastroenterology and endoscopy to support clinical research endeavors. She received her medical degree from the University of Rochester in New York and did her internal medicine residency at Strong Memorial Hospital at the University of Rochester. Her special research interests include colon cancer, chemoprevention, and drug metabolism.

“We’re thrilled to be assembling an MAB which will bring together a highly distinguished group of multi-disciplinary experts such as Dr. Turgeon,” commented Guido Baechler, Chief Executive Officer of Mainz Biomed. “Having access to rich expertise from across gastroenterology, clinical research and diagnostics as we establish our pivotal U.S. trial, will ensure the process is as effective and seamless as possible and that ColoAlert can be made accessible to more people across the world and help turn the tide against the devastating impacts of CRC.”

Mainz announced in February 2022 that ColoAlert’s U.S. pivotal clinical trial pre-submission was accepted for review by the U.S. Food & Drug Administration (FDA), and in March received supportive feedback on the pre-submission package profiling the potential clinical trial design for ColoAlert. Mainz will continue to bring together experts in gastroenterology and pathology to provide continuing guidance as it navigates through pre-market activities including the FDA submission. Their input will ensure that clinical study endpoint definitions are aligned with current standards and practices, and that a comprehensive adjudication plan is executed to ensure endpoints are categorized accordingly. Furthermore, the MAB will play an active role in the analysis of new tests being contemplated internally for development, and in assessing in-licensing and M&A opportunities.

Mainz is currently marketing ColoAlert through its unique business model of partnering with third-party laboratories for test kit processing versus the traditional methodology of operating a single facility. The Company is also running ColoFuture, an international clinical study evaluating the potential to integrate a portfolio of in-licensed novel mRNA biomarkers into the product which have previously demonstrated the unique ability to identify curable precancerous colonic polyps, as well as treatable early-stage CRC (Herring et al 2021). ColoFuture is evaluating the effectiveness of these biomarkers to enhance ColoAlert’s technical profile to extend its capability to include the identification of advanced adenomas (AA), a type of pre-cancerous polyp often attributed to CRC, while increasing ColoAlert’s rates of diagnostic sensitivity and specificity. The results of the study will ultimately impact the configuration of ColoAlert prior to commencing the U.S. pivotal study which is on track to begin in 2023.

About ColoAlert

ColoAlert detects colorectal cancer (CRC) via a simple-to-administer test with a sensitivity and specificity nearly as high as the invasive colonoscopy*. The test utilizes proprietary methods to analyze cell DNA for specific tumor markers combined with the fecal immunochemical test (FIT) and is designed to detect tumor DNA and CRC cases in their earliest stages. The product is CE-IVDR marked (complying with EU safety, health and environmental requirements). The product is commercially available in a selection of countries in the European Union and in the United Arab Emirates. Mainz Biomed currently distributes ColoAlert through a number of clinical affiliates. Once approved in the U.S., the Company’s commercial strategy is to establish scalable distribution through a collaborative partner program with regional and national laboratory service providers across the country.

*Dollinger MM et al. (2018)

About Colorectal Cancer
Colorectal cancer (CRC) is the second most lethal cancer in the U.S. and Europe, but also the most preventable with early detection providing survival rates above 90%. Annual testing costs per patient are minimal, especially when compared to late-stage treatments of CRC which cost patients an average of $38,469 per year. The American Cancer Society estimated that in 2021 there were approximately 149,500 new cases of colon and rectal cancer in the U.S. with 52,980 resulting in death. Recent FDA decisions suggest that screening with stool DNA tests such as ColoAlert in the US should be conducted once every three years starting at age 45. Currently there are 112 million Americans aged 50+, a total that is expected to increase to 157 million within 10 years. Appropriately testing these US-based 50+ populations every three years as prescribed equates to a US market opportunity of approximately $3.7 Billion per year.

About Mainz Biomed N.V.

Mainz Biomed develops market-ready molecular genetic diagnostic solutions for life-threatening conditions. The Company’s flagship product is ColoAlert, an accurate, non-invasive, and easy-to-use early detection diagnostic test for colorectal cancer. ColoAlert is currently marketed across Europe and in the United Arab Emirates with the intention of beginning its pivotal FDA clinical study in 2022 for U.S. regulatory approval. Mainz Biomed’s product candidate portfolio includes PancAlert, an early-stage pancreatic cancer screening test based on Real-Time Polymerase Chain Reaction-based (PCR) multiplex detection of molecular-genetic biomarkers in stool samples, and the GenoStick technology, a platform being developed to detect pathogens on a molecular genetic basis.

For more information, please visit www.mainzbiomed.com

For media enquiries, please contact press@mainzbiomed.com

For investor enquiries, please contact ir@mainzbiomed.com

Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and related targets; (ii) changes in applicable laws or regulations; (iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in its initial filings with the SEC, including its registration statement on Form F-1 filed on January 21, 2022. The Company’s SEC filings are available publicly on the SEC’s website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to Mainz Biomed and speaks only as of the date on which it is made. Mainz Biomed undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

FAQ

What is the significance of Dr. D. Kim Turgeon's appointment to Mainz Biomed's Medical Advisory Board?

Dr. D. Kim Turgeon's appointment is significant as she brings valuable experience in clinical research and gastroenterology, which is crucial for Mainz Biomed's pivotal trial for ColoAlert.

When is Mainz Biomed's pivotal trial for ColoAlert expected to begin?

The pivotal U.S. trial for ColoAlert is on track to begin in 2023.

What is the projected U.S. market opportunity for colorectal cancer screening?

The projected U.S. market opportunity for colorectal cancer screening, specifically for ColoAlert, is approximately $3.7 billion annually.

What role will Dr. Turgeon play in Mainz Biomed's upcoming clinical trial?

Dr. Turgeon will provide expertise and guidance to ensure effective trial processes and enhance the evaluation of ColoAlert’s capabilities.