Exagen Inc. Partners with Three California Medical Groups to Offer AVISE Testing as Covered In-Network Benefit for Their Pati...
March 09 2020 - 8:20AM
Exagen Inc. (Nasdaq: XGN), an organization dedicated to
transforming the care continuum for patients suffering from
debilitating and chronic autoimmune diseases by enabling timely
differential diagnosis and optimizing therapeutic intervention,
today announced three large medical groups across California have
contracted with Exagen Inc. to offer AVISE testing as a covered
benefit for patients suspected of having autoimmune disease. The
agreement provides in-network access for their physician groups to
Exagen’s AVISE testing, which can facilitate improved care through
the differential diagnosis, prognosis, management, and therapeutic
optimization of complex and incurable autoimmune diseases. The
details of the agreement are confidential.
“We are excited to partner with physician medical groups who
recognize the value in providing access to AVISE testing as a
covered in-network benefit for their members. We expect this to
have a significant impact on patients, enabling rheumatologists to
improve care for anyone diagnosed or suspected of having a systemic
autoimmune disease, including Systemic Lupus Erythematosus (SLE),”
said Ron Rocca, President and CEO of Exagen. “We applaud the
initiative of these medical groups in recognizing the value of
AVISE testing and our proprietary technology to bring improved
provider confidence in diagnosis and deliver insights into disease
activity and therapeutic optimization that cannot be delivered by
standard reference laboratories.”
With clinics across California, AVISE tests will add tremendous
value to improve the health of patients in these communities. Lupus
is known for being difficult to diagnose because its symptoms
differ from person to person, mimic the symptoms of many other
diseases and can come and go. A Lupus Foundation of America survey
found that on average, it takes nearly six years for people with
lupus to be diagnosed, and this partnership seeks to reduce that
delay.
About Exagen Inc.
Exagen is dedicated to transforming the care continuum for
patients suffering from debilitating and chronic autoimmune
diseases by enabling timely differential diagnosis and optimizing
therapeutic intervention. Exagen has developed and is
commercializing a portfolio of innovative testing products under
its AVISE brand, several of which are based on its proprietary
Cell-Bound Complement Activation Products (CB-CAPs) biomarkers.
Exagen’s goal is to enable rheumatologists to improve care for
patients through the differential diagnosis, prognosis and
monitoring of complex autoimmune and autoimmune-related diseases,
including SLE and rheumatoid arthritis. For further information
please visit www.Exagen.com.
Forward Looking Statements
Exagen cautions you that statements in this press release that
are not a description of historical facts are forward-looking
statements. These statements are based on the Company's current
beliefs and expectations. Such forward-looking statements include,
but are not limited to, statements regarding the use of the test by
California medical groups, and any potential for increased use of
AVISE laboratory tests. The inclusion of forward-looking statements
should not be regarded as a representation by Exagen that any of
its plans will be achieved. Actual results may differ from those
set forth in this press release due to the risks and uncertainties
inherent in Exagen’s business, including, without limitation:
Exagen’s commercial success depends upon attaining and maintaining
significant market acceptance of its testing products and promoted
therapeutics among rheumatologists, patients, third-party payers
and others in the medical community; risks associated with
maintaining third-party collaborations such as consulting advisors
and Exagen’s performance thereunder; and other risks described in
the Company’s prior press releases and in the Company’s filings
with the Securities and Exchange Commission, including under the
heading "Risk Factors" in the Company’s Registration Statement on
Form S-1 and any subsequent filings with the SEC. You are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof, and we undertake no
obligation to revise or update this press release to reflect events
or circumstances after the date hereof. All forward-looking
statements are qualified in their entirety by this cautionary
statement, which is made under the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995.
Brian McEvilly
Exagen Inc.
760.560.1506
bmcevilly@exagen.com
Mike Cavanaugh
Investors: Westwicke Partners
646.677.1838
Mike.Cavanaugh@westwicke.com
Alexander Petti
Media: Public Evoke KYNE
646.831.0955
alexander.petti@evokegroup.com
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