Prostate Cancer

The San Diego-based company said that the number of commercial samples received during the quarter grew 66 percent year over year.

The company said revenues declined primarily as a result of adjustments in accounts receivable, payor mix, and the timing of test kit collections.

The company said it anticipates that more than 60 million Medicare beneficiaries will be covered for the ExoDx Prostate IntelliScore (EPI) test on Dec. 1.

The PCR-based test analyzes mitochondrial DNA to detect prostate cancer in advance of biopsy, independent of prostate-specific antigen levels and age.

The decision, which enables Medicare reimbursement, is effective for tests administered on or after Dec. 1.

The study will evaluate how Prolaris impacts prostate cancer treatment decisions, and how those decisions impact costs within UK's National Health Service.

The team will use a combination of genomics, pathology, and computer modeling to identify potential new therapeutic targets of the disease.

The Royal Oak, Michigan-based startup will use the funding to support development and commercialization of its pan-disease diagnostic testing platform.