MDxHealth

Overview
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Precision Medicine?
Product stageSegments
Go-to-Market
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Companion Diagnostics (CDx) tools
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MDxHealth is a precision diagnostics company that develops and commercializes molecular diagnostic products for personalized cancer treatment, particularly in urology. The company's core product offerings include genetic, epigenetic (methylation), and other molecular tests that assist physicians with the diagnosis and prognosis of urologic cancers and other urologic diseases. MDxHealth's key tests include ConfirmMDx, SelectMDx, AssureMDx, InformMDx, and MonitorMDx. 

In August 2022, the company acquired the Oncotype DX Genomic Prostate Score (GPS) test from Exact Sciences, expanding its prostate cancer diagnostics portfolio. This acquisition also led to an increase in MDxHealth's commercial field organization to over 70 sales representatives, strategic account managers, and medical science liaisons.

MDxHealth reported a total revenue of USD 13.0 million for the first half of 2022, a 21% increase from the previous year. The company anticipated reaching adjusted EBITDA profitability in the first half of 2025.

In December 2023, the company completed a transition to a single listing on Nasdaq, consolidating its shares and American Depositary Shares (ADSs) into a unified trading platform to enhance liquidity and reduce operating costs.

 

Key customers and partnerships

MDxHealth's customer base primarily consists of healthcare providers, particularly urologists, who utilize the company's diagnostic tests for patient care. The company has focused on expanding its reach in the urology market, especially following the acquisition of the Oncotype DX GPS test.

HQ location:
15279 Alton Parkway Suite 100 Irvine CA USA
Founded year:
2003
Employees:
51-100
IPO status:
Public
Total funding:
USD 169.4 mn
Last Funding:
USD 40.0 mn (Post IPO Equity; Sep 2024)
Last valuation:
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