Leadership Additions Announced to Support Expanding US Government and Healthcare Provider KidneyIntelX Deployment

Rhea-AI Summary

Renalytix AI (NASDAQ: RNLX) has announced key leadership hires to accelerate its commercialization strategy for the KidneyIntelX testing system, targeting early-stage diabetic kidney disease. The new team, experienced in sales, marketing, and healthcare partnerships, is poised to enhance adoption in the VA Medical Health System and expand into national markets. The company anticipates a broader roll-out in fiscal 2022, aligned with potential Medicare coverage. Kidney disease affects over 850 million globally, highlighting the urgency of Renalytix's solutions.

Positive

• Key leadership hires strengthen commercialization efforts for KidneyIntelX.
• Expansion into the VA Medical Health System expected in H2 2021.
• Broader national expansion planned for fiscal 2022 in line with Medicare coverage anticipation.

Negative

• None.

Enabling expertise in sales, population health and value-driven care models

NEW YORK and SALT LAKE CITY, June 07, 2021 (GLOBE NEWSWIRE) -- Renalytix AI plc (LSE: RENX) (NASDAQ: RNLX) today announced a series of key hires to drive its commercialization strategy in the United States market in light of the recently announced Federal Government General Service Administration payment contract and additional large healthcare system partnerships. The combined background and experience of the new leadership team is expected to drive adoption of the KidneyIntelX testing and care model implementation in early-stage diabetic kidney disease populations. Renalytix expects to continue expanding its sales, marketing, and implementation teams with expected KidneyIntelX roll-out beginning in the VA Medical Health System in the 2^nd half of 2021, and as the Company positions for a broader national expansion beginning in fiscal 2022 in line with expectations for a national Medicare insurance coverage determination later this year.

Renalytix welcomes:

Missy Martin-Kemp will join Renalytix in June as Vice President of Sales, Eastern U.S. Missy will recruit and lead a team of sales representatives focused on supporting primary care physician (PCP) and specialist practices utilizing KidneyIntelX testing as part of health system, government, and payor collaborations. She will also develop the recruiting, training, and management systems for deploying a broader sales team in 2022. Missy brings over 15 years of sales and sales leadership experience to Renalytix, with 10 of those years focused on primary care. Most recently, she served as the Chief Commercial Officer at Fibronostics. Prior to Fibronostics, Missy held multiple sales and business development leadership roles at CardioDx, a pioneer in Cardiovascular genomics. At CardioDx she led efforts to deploy their laboratory tests in private health systems and VA Centers and regional networks (VISNs). She was responsible for successfully driving adoption and revenue growth in primary care practices, including VA Community Care Centers.

Christine Loftsgaarden has joined Renalytix as Vice President of Commercial Partnerships. Christine will be focused on expanding health system, federal government, and payor collaborations to implement integrated care solutions based on KidneyIntelX risk assessment in early-stage Diabetic Kidney Disease (DKD). Her experience in successful population health-driven implementations and value-based care models will be important to the continued expansion of Renalytix’s solutions in regional health systems and VA centers. Her previous leadership experience includes a focus on clinical delivery and practice optimization at Evolent Health where she improved care delivery through the evaluation, prioritization and development of strategic and innovative value-based care solutions that enable rapid scaling across their market and business model. Christine also worked at DaVita Healthcare Partners where she led high priority clinical innovation projects from concept to operationalization. She also led development and implementation of a comprehensive diabetes management program for DaVita patients.

Stacey Molinari has joined the commercial team as Director of Commercial Partnerships focused on the northeast region. In this role, she will work to expand the Mount Sinai KidneyIntelX program to other regional and government owned health systems. Most recently, Stacey was on the Market Access Account team covering the Great Lakes Region which included New York, Michigan and Indiana at Vifor Pharma, Inc (previously Relypsa). Prior to that, she worked at Abbott Laboratories in roles of increasing responsibility. Stacey has spent the majority of her career working with the chronic kidney disease (CKD) population.

Jon Wisson has joined the Renalytix Managed Care Team as Senior Manager, Government Access. Jon will lead contracting efforts with Veterans Affairs (VA) centers and regional networks (VISNs), military bases and Indian Health Services facilities. He brings over 20 years of experience and success in direct government sales, management and contracting with Cardinal Health, Pharmacia Diagnostics, Terumo Medical, Cooper Genomics and Samsung Neurologica. Jon’s specialized government sales experience will be a critical enabler for our success in contracting with the VA on both a center and regional (VISN) basis in 2021 and 2022.

Andria Parks-Herrera has joined Renalytix as Vice President of Marketing. Andria will direct Renalytix’s communication efforts across provider, payer and patient stakeholder groups and advance key private and government partnerships focused on education, care delivery and patient engagement to support adoption of KidneyIntelX. Previously Andria led marketing for the Renal Division of OPKO Health, Inc. She also brings knowledge and experience with commercialization in Latin America, important as Renalytix continues to build partnerships that form the foundation for future international expansion.

“The Renalytix technology and market opportunity are attracting a very high caliber of commercial talent,” said Tom McLain, Renalytix President. “This group brings first-hand professional success launching and commercializing innovative solutions in both private and government driven healthcare delivery models. Their contributions will accelerate our expansion into new health systems which in turn will drive adoption and revenue growth in 2022 and 2023.”

About Kidney Disease
Kidney disease is now recognized as a public health epidemic affecting over 850 million people globally. The Centers for Disease Control and Prevention (CDC) estimates that 15% of US adults, or 37 million people, currently have chronic kidney disease (CKD).   Further, the CDC reports that 9 out of 10 adults with CKD do not know they have it and 1 out of 2 people with very low kidney function who are not on dialysis do not know they have CKD*. Kidney disease is referred to as a "silent killer" because it often has no symptoms and can go undetected until a very advanced stage. Each year, kidney disease kills more people than breast and prostate cancer. Every day, 13 patients in the United States die while waiting for a kidney transplant.
* https://www.cdc.gov/kidneydisease/publications-resources/2019-national-facts.html

About Renalytix
Renalytix (LSE: RENX) (NASDAQ: RNLX) is a developer of artificial intelligence-enabled clinical in vitro diagnostic solutions for kidney disease, one of the most common and costly chronic medical conditions globally. The Company’s lead product is KidneyIntelX.com (visit www.kidneyintelx.com) which is being designed to help make significant improvements in kidney health through early risk prognosis and optimal clinical care to reduce the incidence of advanced kidney disease and kidney failure. For more information, visit www.renalytix.com.

Forward-Looking Statements:
Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Examples of these forward-looking statements include statements concerning: the potential for KidneyIntelX to receive regulatory approval from the FDA, the commercial prospects of KidneyIntelX, if approved, including whether KidneyIntelX will be successfully distributed and marketed, our expectations regarding reimbursement decisions, our plans for expansion of our business and the ability of KidneyIntelX to curtail costs of chronic and end-stage kidney disease, optimize care delivery and improve patient outcomes. Words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “seeks,” and similar expressions are intended to identify forward-looking statements. We may not actually achieve the plans and objectives disclosed in the forward-looking statements, and you should not place undue reliance on our forward-looking statements. Any forward-looking statements are based on management's current views and assumptions and involve risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. These risks and uncertainties include, among others: that KidneyIntelX is based on novel artificial intelligence technologies that are rapidly evolving and potential acceptance, utility and clinical practice remains uncertain; we have only recently commercially launched KidneyIntelX; and risks relating to the impact on our business of the COVID-19 pandemic or similar public health crises. These and other risks are described more fully in our filings with the Securities and Exchange Commission (SEC), including the “Risk Factors” section of our annual report on Form 20-F filed with the SEC on October 28, 2020, and other filings we make with the SEC from time to time. All information in this press release is as of the date of the release, and we undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

Media Contacts:
United States:
Jennifer Moritz
Zer0 to 5ive for Renalytix
(917) 748-4006
jmoritz@0to5.com 

Outside of the United States:
Walbrook PR Limited
Paul McManus / Lianne Cawthorne
Tel: 020 7933 8780 or renalytix@walbrookpr.com 
Mob: 07980 541 893 / 07584 391 303 

FAQ

What is the significance of the new hires at Renalytix (RNLX)?

The new hires will drive commercialization efforts for the KidneyIntelX testing system, enhancing the company's market presence.

When is Renalytix planning to roll out KidneyIntelX in the VA Medical Health System?

The roll-out is expected to begin in the second half of 2021.

How does Renalytix's strategy align with Medicare coverage for KidneyIntelX?

Renalytix plans a broader national expansion in fiscal 2022, anticipating a national Medicare insurance coverage determination.

How many people globally are affected by kidney disease according to Renalytix?

Kidney disease affects over 850 million people globally.