Positive Results from Study on Melanoma Test
DermTech reports positive results from a study on the Melanoma Test, showcasing promising outcomes and higher negative predictive value.
DermTech, a leading healthcare company, recently announced encouraging findings from a study evaluating the foundational gene expression assay component of the DermTech Melanoma Test. The study, conducted in a real-world clinical setting, showcased promising outcomes.
Following this announcement, DermTech shares experienced a notable surge of 14% and reached $1.60. This positive development is a significant milestone for the company, especially considering that its stock had previously hit a 52-week low of $1.12 on Oct. 30. Over the course of the past year, the stock has faced a decline of 24%.
The study's results provided valuable insights into the clinical utility of the DermTech Melanoma Test (DMT). The findings demonstrated that the DMT offers a higher negative predictive value compared to currently available methods. Clinicians can rely on this innovative test to effectively rule out melanoma, thereby potentially avoiding the need for unnecessary biopsies and procedures. Consequently, this will contribute to reducing healthcare costs.
The study, which commenced in 2021, involved over 20,000 patients who were tested with the DMT in a real-world clinical environment. The foundational gene expression assay component of the DMT exhibited an impressive negative predictive value of 99.7%.
These recent advancements in melanoma testing provide renewed hope for improved diagnosis and treatment. DermTech's dedication to developing cutting-edge solutions reaffirms their commitment to advancing healthcare standards and ensuring better patient outcomes.
For additional information or inquiries, please contact DermTech or visit their website.