Renalytix plc (NASDAQ: RNLX) (LSE: RENX) announces opening the
commercial availability of kidneyintelX.dkd™ testing in Saudi
Arabia, Bahrain, Qatar, Oman, Kuwait, and United Arab Emirates
through a distribution agreement with Vector Pharma. Following the
recent announcement of FDA marketing authorization for
kidneyintelX.dkd, Renalytix will take advantage of select
opportunities to expand testing services outside the US market with
qualified distribution partners.
In the six markets of the Gulf Cooperation
Council (GCC), the International Diabetes Federation (IDF) has
reported high prevalence rates of diabetes, with more than 20% of
the population being diabetic and more than 15% being pre-diabetic
in most GCC countries. These are among the highest reported
incidence rates for diabetes globally1. Chronic kidney disease
(CKD) is a significant complication of type 2 diabetes (T2D) in
this region. An estimated 58% of individuals with T2D develop CKD,
which concurrently increases the risk of heart failure and
myocardial infarction2.
The agreement with Vector Pharma brings
established distribution and market access capabilities with a
strong GCC footprint. Vector Pharma will initially focus on
building awareness and driving adoption to achieve specified annual
sales targets by territory with kidneyintelX.dkd.
"As in the United States, patient care for
early-stage diabetes and kidney disease is in the hands of primary
care clinicians,” said Tom McLain, President,
Renalytix. “Traditional laboratory distributors do not
call on primary care practices. Our partnership with Vector Pharma,
a pharmaceutical distributor with proven access and contacts in
primary care, will accelerate efforts to introduce kidneyintelX.dkd
and expand test adoption."
Vector Pharma Chief Executive Officer,
Patrick Jordan, commented: “When you consider the markets
in the Middle East are experiencing high rates of T2D and CKD,
diabetic kidney disease management has become a core tenet of many
Ministries of Health in the GCC. Being able to introduce
kidneyintelX.dkd™ to complement the current care protocols will not
only benefit the management of individual patients, but it will
also address significant objectives to improve chronic disease
diagnosis and treatment for the healthcare ecosystem as a
whole.”
About Chronic 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, more than 38 million people, currently have chronic
kidney disease (CKD). Diabetes is the leading cause of kidney
failure, accounting for 44% of new cases. Further, the CDC reports
that 9 out of 10 adults with CKD do not know they have it and one
out of two people with very low kidney function who are not on
dialysis do not know they have CKD.1 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.
About Type 2 Diabetes
More than 37 million Americans have diabetes
(about 1 in 10), and approximately 90-95% of them have type 2
diabetes. Type 2 diabetes most often develops in people over age
45, but more and more children, teens, and young adults are also
developing the disease2. Type 2 diabetes symptoms often develop
over several years and approximately 23% of adults with type 2
diabetes are undiagnosed3. Type 2 diabetes affects many major
organs, including the heart, blood vessels, nerves, eyes and
kidneys. Diabetic kidney disease develops in 30-50% of type 2
diabetes patients4.
About Renalytix
Renalytix (NASDAQ: RNLX) (LSE: RENX) is an
in-vitro diagnostics and laboratory services company that is the
global founder and leader in the new field of bioprognosis™ for
kidney health. The leadership team, with a combined 200+ years of
healthcare and in-vitro diagnostic experience, has designed its
KidneyIntelX laboratory developed test to enable risk assessment
for rapid progressive decline in kidney function in adult patients
with T2D and early CKD (stages 1-3). We believe that by
understanding how disease will progress, patients and providers can
take action early to improve outcomes and reduce overall health
system costs. For more information, visit www.renalytix.com.
Sources
1 https://www.theisn.org/blog/2020/11/27/more-than-850-million-worldwide-have-some-form-of-kidney-disease-help-raise-awareness/2
https://www.cdc.gov/diabetes/basics/type2.html3
https://www.cdc.gov/diabetes/data/statistics-report/index.html4
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5297507/
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
commercial prospects of KidneyIntelX and kidneyintelX.dkd,
including whether KidneyIntelX and kidneyintelX.dkd will be
successfully adopted by physicians, inform clinical guidelines,
achieve expanded insurance coverage and be successfully distributed
and marketed, the potential for KidneyIntelX and kidneyintelX.dkd
to be expanded and approved for additional indications and in
additional jurisdictions, our expectations regarding reimbursement
decisions and the ability of KidneyIntelX and kidneyintelX.dkd 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 and kidneyintelX.dkd are 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 31, 2022,
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:Karla GonyeRenalytix617-590-5731
media@renalytix.com
David Schull or Ignacio Guerrero-Ros, Ph.D. Russo
Partners858-717-2310 646-942-5604 david.schull@russopartnersllc.com
ignacio.guerrero-ros@russopartnersllc.com
Outside of the United
States:Walbrook PR LimitedPaul McManus / Lianne
Applegarth / Alice Woodings
Tel: 020 7933 8780 or renalytix@walbrookpr.comMob: 07980
541 893 / 07584 391 303 / 07407 804 654
1
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6047189/;
https://diabetesatlas.org/idfawp/resource-files/2021/11/IDF-Atlas-Factsheet-2021_MENA.pdf2 https://onlinelibrary.wiley.com/doi/10.1111/1753-0407.13266
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