April 9, 2014
bioTheranostics Signs Agreement with National PPO Network Prime Health Services
Provides Members with Access to bioTheranostics’ Portfolio of Innovative Molecular Tests for Cancer
FOR IMMEDIATE RELEASE…April 9, 2014…SAN DIEGO…bioTheranostics, Inc., the leading genomic solutions provider for cancer diagnosis, has signed a contract with Prime Health Services, Inc., a national preferred provider organization network, to cover the company’s genomic tests for breast cancer patients and patients with metastatic disease.
Prime Health Services members in all 50 states now have access to bioTheranostics’ full suite of molecular-based diagnostic, prognostic, and predictive cancer tests, including both the Breast Cancer IndexSM, which quantifies risk of recurrence of early stage, estrogen receptor-positive breast cancer, and CancerTYPE ID®, a genomic test for accurate diagnosis of metastatic cancer.
Richard Ding, CEO of bioTheranostics, said, “As an early adopter of the Breast Cancer Index, Prime Health Services is leading the way in improving breast cancer management. This breakthrough test allows oncologists to help patients with estrogen receptor-positive breast cancer better understand their risk of recurrence across a full 10-year time frame, as well as their potential benefit from extended endocrine therapy. We are delighted that Prime Health will be offering this test to members and look forward to working with additional payors to make our molecular tests broadly available to support improved cancer management nationwide.”
Ding said that the contract with Prime Health Services is one of several agreements that bioTheranostics has signed with national preferred provider organization networks this year, providing more than 91 million covered members with access to both the Breast Cancer Index and CancerTYPE ID tests.
The Breast Cancer Index is a second-generation biomarker that addresses unmet clinical needs by accurately predicting both early (0-5 years) and late (5-10 years) distant recurrence, as well as benefit from extended endocrine therapy. Statistics show that the majority (about two-thirds) of breast cancer patients are estrogen receptor positive, and the risk of late distant recurrence remains a substantial concern, with about 50 percent of recurrences occurring after five years.
The CancerTYPE ID, an industry-leading molecular cancer classifier, predicts tumor type in patients with metastatic cancers, which affect hundreds of thousands of patients in the United States each year and are among the most difficult to diagnose and treat. The CancerTYPE ID test is supported by clinical evidence confirming its diagnostic accuracy, clinical utility in tumor classification, and impact on patient outcomes.
About Prime Health Services, Inc.
Founded in 2001 and based in Brentwood, Tenn., Prime Health Services (Prime Health) is a medical cost containment company that offers a full spectrum of services, including a preferred provider organization ready for access with customizable solutions and other medical management services. Prime Health's preferred provider organizations include Workers' Compensation, Group Health, Corrections, Medicare, and Auto Liability networks. Prime Health has more than 700,000 providers and facilities nationwide forming the Prime Health National Delivery System. Prime Health offers its National Delivery System to the third-party administrator, insurance carrier, governmental, and self-insured markets. For more information, visit primehealthservices.com.
bioTheranostics, Inc., is the leading solution provider for metastatic cancer management, leveraging its unique expertise in gene expression profiling to develop a growing array of molecular diagnostic tests for cancer patients. The company operates a CLIA-certified, CAPaccredited diagnostic laboratory to perform its proprietary tests under the bioT3 Metastatic Cancer Solution brand: CancerTYPE ID®, CancerTARGET ID, and CancerTREATMENT ID. It also offers the Breast Cancer IndexSM, which quantifies risk of recurrence of estrogen receptorpositive, lymph node-negative breast cancer. bioTheranostics, a bioMérieux company, is based in San Diego. For more information, visit biotheranostics.com.