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Latest Company News
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Market Wrap: Shares close flat
Finance News Network - Jun 15, 2010 The local share market has closed the session steady today after slipping in and out of the red, with investors remaining jittery following a debt downgrade for Greece. The S&P/ASX 200 Index ...
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Healthlinx Ltd Announces Launch Of International Study On OvPlex Cancer Test
Reuters Key Development - Jun 14, 2010 |
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HealthLinx raises A$750,000 through private placement
Proactive Investors Australia - Jun 8, 2010 HealthLinx (ASX: HTX) has reported that Stonebridge Securities Limited has successfully completed the placement of 7,500,000 ordinary fully paid shares at 10 cents each plus free attaching options ...
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StoneBridge Securities Completes Private Placement Of $0.750 Million In Healthlinx Ltd
Reuters Key Development - Jun 7, 2010 |
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StoneBridge Securities Undertake Private Placement of $0.750 Million In Healthlinx Ltd
Reuters Key Development - May 31, 2010 |
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Company Profile
Cash position: $218,173 at June 30th 2009 with additional funds in a $7.23 million convertible note being announced in October 2009.
Customer derived revenue: $220,743 for June 30th 2009 financial year.
Healthlinx's principal activities include the clinical validation of OvPlex an early stage ovarian cancer diagnostic, establishing distribution channels for OvPlex in Australia, Singapore and the United Kingdom, and progressing the pre-clinical development of the Vascular Permeability (CR014) assets.
The Company’s ovarian cancer diagnostic OvPlex, targets early stage (Stage I/II) ovarian cancer and the Company has completed a Phase 2 biomarker trial - it is a market that has no "silver bullet" non-invasive product yet. The OvPlex program has involved: the identification and validation of ovarian cancer biomarkers; evaluating the performance of multimarker diagnostic panels; and the development and implementation of new pathology information management systems.
Currently the test performs at a diagnostic efficiency of 92%, and the Company is now working to increase performance to better than 97% and is specifically targeting the detection of early stage disease. This will be achieved through the validation of the new biomarkers HTX005 and HTX010 (that the Company announced in December 2008) and will be completed as part of the current multinational Phase II trial that is being planned for later the 2009 calendar year.
Proaegis Biosciences Limited is the subsidiary of the Company.
Possible competition:
- Abbott