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		<title>HealthLinx&#039;s OvPlex Test Posts Weak Sales Numbers Despite Year of Big Distribution Gains</title>
		<link>http://symptomadvice.com/healthlinxs-ovplex-test-posts-weak-sales-numbers-despite-year-of-big-distribution-gains/</link>
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		<pubDate>Tue, 14 Dec 2010 23:00:12 +0000</pubDate>
		<dc:creator>Symptom Advice</dc:creator>
				<category><![CDATA[ovarian symptoms]]></category>
		<category><![CDATA[adoption]]></category>
		<category><![CDATA[israel]]></category>
		<category><![CDATA[sales numbers]]></category>

		<guid isPermaLink="false">http://symptomadvice.com/healthlinxs-ovplex-test-posts-weak-sales-numbers-despite-year-of-big-distribution-gains/</guid>
		<description><![CDATA[Australian diagnostics firm HealthLinx &#115;&#097;&#105;&#100; &#116;&#104;&#105;&#115; week &#116;&#104;&#097;&#116; it has signed &#097; deal with Seoul Clinical Laboratories for commercial distribution &#111;&#102; its OvPlex ovarian cancer diagnostic &#105;&#110; South Korea. With &#116;&#104;&#101; agreement, HealthLinx &#110;&#111;&#119; has distribution deals for &#116;&#104;&#101; protein biomarker-based test &#105;&#110; &#116;&#104;&#101; UK, Australia, Singapore, Israel, and South Korea, with sales &#111;&#102; OvPlex [...]]]></description>
			<content:encoded><![CDATA[<p></p><p><img src="http://symptomadvice.com/wp-content/uploads/2010/12/1292367612-89.jpg" style="clear:both;clear:both;margin:0 15px 15px 0" />
<p><strong>Australian diagnostics firm HealthLinx</strong> &#115;&#097;&#105;&#100; &#116;&#104;&#105;&#115; week &#116;&#104;&#097;&#116; it has signed &#097; deal with Seoul Clinical Laboratories for commercial distribution &#111;&#102; its OvPlex ovarian cancer diagnostic &#105;&#110; South Korea.</p>
<p>With &#116;&#104;&#101; agreement, HealthLinx &#110;&#111;&#119; has distribution deals for &#116;&#104;&#101; protein biomarker-based test &#105;&#110; &#116;&#104;&#101; UK, Australia, Singapore, Israel, and South Korea, with sales &#111;&#102; OvPlex currently ongoing &#105;&#110; &#116;&#104;&#101; UK, Australia, and Singapore after launches &#105;&#110; &#116;&#104;&#111;&#115;&#101; countries earlier &#116;&#104;&#105;&#115; year.</p>
<p>Those launches, along with &#116;&#104;&#101; start &#111;&#102; sales &#111;&#102; Vermillion&#8217;s ovarian cancer diagnostic OVA1, suggest &#116;&#104;&#097;&#116;, after years &#111;&#102; stops and &#115;&#116;&#097;&#114;&#116;&#115;, proteomics-based diagnostics – for ovarian cancer, &#105;&#110; &#112;&#097;&#114;&#116;&#105;&#099;&#117;&#108;&#097;&#114; – are at &#108;&#097;&#115;&#116; making headway. </p>
<p>However, &#119;&#104;&#105;&#108;&#101; HealthLinx and Vermillion &#104;&#097;&#118;&#101; &#104;&#097;&#100; success bringing &#116;&#104;&#101;&#105;&#114; tests &#116;&#111; market, &#116;&#104;&#101;&#105;&#114; sales numbers thus &#102;&#097;&#114; &#104;&#097;&#118;&#101; been &#114;&#097;&#116;&#104;&#101;&#114; anemic – indicating &#116;&#104;&#097;&#116;, &#119;&#104;&#105;&#108;&#101; these diagnostics &#104;&#097;&#118;&#101; managed &#116;&#111; overcome &#116;&#104;&#101; technology and regulatory hurdles &#105;&#110; &#116;&#104;&#101;&#105;&#114; way, achieving widespread adoption remains &#097; challenge.</p>
<p>In its annual report for its 2009 fiscal year, ended June 30, 2009, HealthLinx predicted sales &#111;&#102; 5,000 OvPlex units &#105;&#110; &#116;&#104;&#101; UK and sales &#111;&#102; 500 units &#105;&#110; Singapore &#098;&#121; &#116;&#104;&#101; end &#111;&#102; its 2010 fiscal year. Such volumes, &#116;&#104;&#101; company noted, &#119;&#111;&#117;&#108;&#100; result &#105;&#110; total revenues &#111;&#102; &#109;&#111;&#114;&#101; &#116;&#104;&#097;&#110; A$350,000 ($342,000). </p>
<p>However, &#105;&#110; its 2010 annual report, &#116;&#104;&#101; company reported total product and royalty revenues &#111;&#102; A$12,757 and noted &#116;&#104;&#097;&#116; OvPlex sales were &#8220;modest,&#8221; though it &#100;&#105;&#100; not break &#111;&#117;&#116; unit sales. </p>
<p>HealthLinx &#097;&#108;&#115;&#111; acknowledged &#105;&#110; &#116;&#104;&#101; 2009 report &#116;&#104;&#097;&#116; sales &#111;&#102; OvPlex &#104;&#097;&#100; &#8220;not achieved projected targets &#119;&#105;&#116;&#104;&#105;&#110; Australia.&#8221; Sales &#111;&#102; OvPlex &#105;&#110; &#116;&#104;&#101; country began &#105;&#110; October 2008 &#098;&#117;&#116; were temporarily suspended &#105;&#110; September 2009 &#119;&#104;&#101;&#110; its domestic distributor, ARL Pathology, &#119;&#097;&#115; acquired &#098;&#121; &#116;&#104;&#101; healthcare provider Healthscope. Before &#116;&#104;&#101; pause, &#116;&#104;&#101; company sold roughly 200 tests. It relaunched &#116;&#104;&#101; test &#116;&#104;&#114;&#111;&#117;&#103;&#104; Healthscope &#116;&#104;&#105;&#115; June (PM 06/18/2010).</p>
<p>Vermillion has similarly &#104;&#097;&#100; &#116;&#111; back down from overly aggressive predictions regarding its OVA1 ovarian cancer diagnostic. &#105;&#110; &#097; document filed with &#116;&#104;&#101; SEC &#105;&#110; December 2009, &#116;&#104;&#101; company predicted $9.7 million &#105;&#110; revenue from sales &#111;&#102; OVA1 &#105;&#110; 2010 and $34 million &#105;&#110; 2011. As &#111;&#102; &#116;&#104;&#101; end &#111;&#102; Q3 &#111;&#102; 2010, &#104;&#111;&#119;&#101;&#118;&#101;&#114;, it &#104;&#097;&#100; booked &#106;&#117;&#115;&#116; $159,000 &#105;&#110; OVA1 sales, and &#111;&#110; &#097; Q3 earnings call, CEO Gail Page lowered &#116;&#104;&#101; company&#8217;s 2010 guidance from &#097; range &#111;&#102; 8,000 &#116;&#111; 10,000 OVA1 sales &#116;&#111; &#097; range &#111;&#102; 5,000 &#116;&#111; 5,500 sales for &#116;&#104;&#101; year (PM 11/12/2010).</p>
<p>During &#116;&#104;&#101; Vermillion earnings call, Page noted &#116;&#104;&#097;&#116; &#116;&#104;&#101; company &#104;&#097;&#100; underestimated &#116;&#104;&#101; effort required &#116;&#111; convince doctors &#111;&#102; OVA1&#8242;s utility and &#115;&#097;&#105;&#100; &#116;&#104;&#097;&#116; it planned &#116;&#111; refocus its sales force &#116;&#111; concentrate &#109;&#111;&#114;&#101; heavily &#111;&#110; educating gynecological oncologists &#097;&#098;&#111;&#117;&#116; &#116;&#104;&#101; test. An article published &#116;&#104;&#105;&#115; July &#105;&#110; &#116;&#104;&#101; Australian newspaper &#116;&#104;&#101; Age suggested &#116;&#104;&#097;&#116; HealthLinx might &#098;&#101; running &#117;&#112; &#097;&#103;&#097;&#105;&#110;&#115;&#116; &#097; similar problem.</p>
<p>In &#116;&#104;&#101; story, several prominent doctors, including Helen Zorbas, CEO &#111;&#102; Australia&#8217;s National Breast and Ovarian Cancer Centre; Michael Quinn, &#097; gynecological oncologist at &#116;&#104;&#101; Royal Women&#8217;s Hospital and &#116;&#104;&#101; University &#111;&#102; Melbourne; and Peter Grant, head &#111;&#102; &#116;&#104;&#101; department &#111;&#102; gynecological oncology at Melbourne&#8217;s Mercy Hospital, criticized &#116;&#104;&#101; lack &#111;&#102; data supporting &#116;&#104;&#101; test, &#115;&#097;&#121;&#105;&#110;&#103; &#116;&#104;&#097;&#116; &#102;&#117;&#114;&#116;&#104;&#101;&#114; studies were needed &#116;&#111; determine its clinical usefulness.</p>
<p>In September, Quinn, who sat &#111;&#110; HealthLinx&#8217;s scientific advisory committee &#117;&#110;&#116;&#105;&#108; 2008, &#119;&#097;&#115; ordered &#098;&#121; an Australian court &#116;&#111; refrain from making &#097;&#110;&#121; statements regarding &#116;&#104;&#101; OvPlex test. &#105;&#110; an e-mail &#116;&#111; ProteoMonitor predating &#116;&#104;&#101; order, &#104;&#111;&#119;&#101;&#118;&#101;&#114;, he suggested &#116;&#104;&#097;&#116; longitudinal studies &#102;&#111;&#108;&#108;&#111;&#119;&#105;&#110;&#103; symptomatic women &#116;&#111; determine &#116;&#104;&#101; test&#8217;s sensitivity and specificity &#119;&#111;&#117;&#108;&#100; &#098;&#101; &#112;&#097;&#114;&#116;&#105;&#099;&#117;&#108;&#097;&#114;&#108;&#121; useful &#105;&#110; demonstrating its &#118;&#097;&#108;&#117;&#101;.</p>
<p>For &#110;&#111;&#119;, though, HealthLinx &#105;&#115; concentrating &#111;&#110; &#097; 1,150-subject study &#116;&#111; establish &#116;&#104;&#101; utility &#111;&#102; adding &#116;&#119;&#111; biomarkers &#116;&#111; &#116;&#104;&#101; test&#8217;s current five-protein panel. &#8220;At &#116;&#104;&#101; moment we&#8217;re &#106;&#117;&#115;&#116; focusing &#111;&#110; &#116;&#104;&#105;&#115; &#112;&#097;&#114;&#116;&#105;&#099;&#117;&#108;&#097;&#114; study,&#8221; managing director Nick Gatsios &#116;&#111;&#108;&#100; ProteoMonitor. &#8220;We&#8217;ve got &#116;&#111; get over &#116;&#104;&#105;&#115; study first and then we&#8217;ll worry &#097;&#098;&#111;&#117;&#116; &#111;&#116;&#104;&#101;&#114; studies &#116;&#104;&#097;&#116; might &#098;&#101; &#105;&#110; &#116;&#104;&#101; pipeline.&#8221;</p>
<p>The OvPlex test currently &#111;&#110; &#116;&#104;&#101; market uses blood levels &#111;&#102; C-reactive protein, serum amyloid &#097;, interleukin 6, interleukin 8, and CA125 &#116;&#111; aid &#105;&#110; &#116;&#104;&#101; early-stage diagnosis &#111;&#102; ovarian cancer &#105;&#110; symptomatic women. &#116;&#104;&#101; company &#105;&#115; &#110;&#111;&#119; evaluating &#116;&#104;&#101; proteins AGR2 and HTX010 as &#112;&#111;&#115;&#115;&#105;&#098;&#108;&#101; additions &#116;&#111; &#116;&#104;&#101; existing panel. &#116;&#104;&#101; hope &#105;&#115; &#116;&#104;&#097;&#116; &#116;&#104;&#101; additional markers &#119;&#105;&#108;&#108; boost &#116;&#104;&#101; test&#8217;s sensitivity and specificity from 94 percent &#116;&#111; 97 percent.</p>
<p>According &#116;&#111; Gatsios, initial data from 450 samples suggest &#116;&#104;&#097;&#116; adding &#116;&#104;&#101; markers &#119;&#105;&#108;&#108; increase &#116;&#104;&#101; test&#8217;s performance. &#8220;[The data] &#105;&#115; consistent with what &#119;&#101; expected,&#8221; he &#115;&#097;&#105;&#100;. &#8220;The way &#119;&#101; modeled it previously &#105;&#110; &#097; small dataset &#115;&#104;&#111;&#119;&#101;&#100; &#116;&#104;&#097;&#116; it &#119;&#111;&#117;&#108;&#100; increase &#116;&#104;&#101; performance &#111;&#102; &#116;&#104;&#101; assay. &#116;&#104;&#105;&#115; data &#108;&#111;&#111;&#107;&#115; pretty promising &#116;&#104;&#097;&#116; it &#119;&#105;&#108;&#108; &#100;&#111; &#116;&#104;&#101; &#115;&#097;&#109;&#101;.&#8221;</p>
<p>HealthLinx &#105;&#115; &#110;&#111;&#119; collecting samples for &#116;&#104;&#101; next stage &#111;&#102; &#116;&#104;&#101; study, which &#119;&#105;&#108;&#108; involve 700 subjects. Gatsios &#115;&#097;&#105;&#100; &#116;&#104;&#101; company hopes &#116;&#111; &#104;&#097;&#118;&#101; &#116;&#104;&#097;&#116; stage completed &#105;&#110; &#116;&#104;&#101; next 12 &#116;&#111; 14 months, &#098;&#117;&#116;, he noted, &#8220;it&#8217;s &#106;&#117;&#115;&#116; &#097; matter &#111;&#102; waiting for women [who] present with &#116;&#104;&#101; symptoms &#116;&#104;&#097;&#116; meet our inclusion criteria &#116;&#111; walk &#105;&#110; &#116;&#104;&#101; clinic – and you can&#8217;t predict &#116;&#104;&#097;&#116;. Our clinicians &#104;&#097;&#118;&#101; been collecting &#110;&#111;&#119; for quite &#097; &#102;&#101;&#119; months.&#8221;</p>
<p>The company received an A$750,000 grant from &#116;&#104;&#101; Victoria government &#105;&#110; November 2009 &#116;&#111; support &#116;&#104;&#101; study. It has been obtaining patient samples from &#116;&#104;&#101; Mater Hospital &#105;&#110; Queensland and from several sites &#105;&#110; &#116;&#104;&#101; UK.</p>
<p>HealthLinx &#105;&#115; &#097;&#108;&#115;&#111; embarking &#111;&#110; trials required &#098;&#121; &#116;&#104;&#101; South Korean Food and Drug Administration for &#116;&#104;&#101; sale &#111;&#102; OvPlex &#105;&#110; South Korea. &#105;&#110; September it finalized plans for &#097; 220-patient study &#116;&#111; &#098;&#101; conducted &#098;&#121; Byoung-Gie Kim &#111;&#102; Samsung Medical Center and Sungkyunkwan University School &#111;&#102; Medicine. &#116;&#104;&#097;&#116; study &#105;&#115; &#097;&#108;&#115;&#111; anticipated &#116;&#111; take 12 &#116;&#111; 14 months, after which submissions &#116;&#111; &#116;&#104;&#101; KFDA &#119;&#105;&#108;&#108; &#098;&#101;&#103;&#105;&#110;. &#097;&#099;&#099;&#111;&#114;&#100;&#105;&#110;&#103; &#116;&#111; HealthLinx&#8217;s estimates, &#116;&#104;&#101; South Korean market for OvPlex &#105;&#115; roughly 250,000 tests annually.</p>
<p>Have topics you&#8217;d &#108;&#105;&#107;&#101; &#116;&#111; see covered &#105;&#110; ProteoMonitor? Contact &#116;&#104;&#101; editor at abonislawski [at] genomeweb [.] com.</p></p>
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