Renalytix plc (NASDAQ: RNLX) (LSE: RENX), the first company to
commercialize an FDA approved artificial intelligence (AI) enabled
prognostic blood test for individuals with type 2 diabetes and
chronic kidney disease, announces the appointment of Howard Doran
as Chief Business Officer, effective September 1, 2023. Mr. Doran’s
primary responsibility will be leading the KidneyIntelX global
sales effort. He is a senior executive with over 30 years of
diversified general management, strategic planning, and
marketing/sales experience in the diagnostics and pharmaceutical
industries in domestic and international markets.
Mr. Doran served as LipoScience, Inc's President and Chief
Executive Officer until successful completion of LabCorp’s
acquisition of the company in November 2014. Preceding LipoScience,
Mr. Doran was President and Chief Operating Officer of Constitution
Medical, Inc., an early-stage in vitro diagnostics company and
developer of the Bloodhound Fully Integrated Hematology System,
which was acquired by Roche Diagnostics, Inc. in July 2013. Prior
to Constitution Medical, Mr. Doran was a member of the senior
executive team of Hologic, Inc. and served as President of
Hologic's Global Diagnostics business. Mr. Doran joined the senior
management team of Hologic in 2007 at the time of Hologic's
acquisition of Cytyc Corporation, where he had been serving as
Senior Vice President and Business Unit Director of Cytyc’s $500
million in vitro diagnostics business. From 1997 through 2007, he
was a key member of the management team of Cytyc Corporation during
Cytyc’s dramatic growth, serving in a number of senior commercial
roles of increasing responsibility including physician sales and
marketing, managed care initiatives and laboratory sales and
marketing. Mr. Doran holds a Bachelor of Science degree in
Management from West Chester University of Pennsylvania.
James McCullough, Chief Executive Officer of Renalytix,
commented: “Howard brings significant experience to
benefit Renalytix’s sales and strategy at a time when KidneyIntelX
has achieved necessary regulatory, outcomes data and reimbursement
milestones to bring lifesaving prognosis to care delivery for the
approximately 14 million Americans with type 2 diabetes and kidney
disease. I am very excited to begin working with Howard closely
this fall to achieve our business and patient service
objectives.”
“KidneyIntelX identifies patients at the highest risk of rapid
progression of chronic kidney disease which opens the opportunity
for earlier intervention to slow the advancement of this insidious
disease. Earlier intervention and treatment can dramatically alter
the trajectory of unsustainable costs associated with this
disease,” said Howard Doran. “Having lost a family
member to end stage kidney disease and another who was a kidney
transplant recipient, this mission is personal to me. I look
forward to helping guide this team’s journey to maximize this
opportunity.”
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 37 million people4, 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.5 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)1,
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
disease6. Type 2 diabetes symptoms often develop over several years
and approximately 23% of adults with Type 2 Diabetes are
undiagnosed7. 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.
About KidneyIntelX™
KidneyIntelX™ is a laboratory developed test demonstrated to be
a reliable, bioprognostic™ methodology that yields a
simple-to-understand, custom risk score, enabling prediction of
which adult patients with T2D and early CKD (stages 1-3) are at
low, intermediate, or high risk for rapidly progressive decline in
kidney function. By combining information from KidneyIntelX with
newer cardio- and reno-protective therapies, doctors will have more
information in determining which patients are at higher versus
lower risk for rapid disease progression and may be able to more
appropriately target resources and guideline-recommended treatments
to advance kidney health. KidneyIntelX is supported by a growing
body of clinical, utility and health economic studies (including a
validation study of two large cohorts) and has demonstrated a 72%
improvement in predicting those patients who are at high risk for
rapid progressive decline in kidney function versus the current
standard of care (eGFR and UACR). To learn more about KidneyIntelX
and review the evidence, visit www.kidneyintelx.com.
Sources
1. Centers for Disease Control and Prevention.
https://www.cdc.gov/diabetes/basics/index.html
2. Gheith O, Farouk N, Nampoory N, et al. Diabetic kidney
disease: worldwide difference of prevalence and risk factors. J
Nephropharmacol. 2015 Oct 9;5(1):49-56. PMID:28197499; PMCID:
PMC5297507
3. Wu B, Bell K, Stanford A, et al. Understanding CKD among
patients with T2DM: prevalence, temporal trends, and treatment
patterns—NHANES 2007–2012. BMJ
4. https://www.cdc.gov/kidneydisease/basics.html
5.
https://www.theisn.org/blog/2020/11/27/more-than-850-million-worldwide-have-some-form-of-kidney-disease-help-raise-awareness/
6. https://www.cdc.gov/diabetes/basics/type2.html
7.
https://www.cdc.gov/diabetes/data/statistics-report/index.html
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 benefits, including
economic savings, of KidneyIntelX, the impact KidneyIntelX can have
on patients’ enhanced understanding of kidney disease and
motivation to make lifestyle changes, the commercial prospects of
KidneyIntelX, including whether and to what extent KidneyIntelX
will be successfully adopted by physicians and distributed and
marketed, our expectations regarding reimbursement decisions and
the ability of KidneyIntelX to curtail costs of chronic and
end-stage kidney disease, optimize care delivery, address systemic
inequalities 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 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.
For Media Inquiries Contact:United
States:Karla
GonyeRenalytix617-590-5731media@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
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