Genetic Technologies Limited ((ASX: GTG, NASDAQ:GENE, “Company”, “GTG”)), a global leader in genomics-based tests in health, wellness and serious disease is delighted to announce that we are partnering with Melbourne based Siles Health, a leading Obstetrics and Gynaecology practice, to implement geneType Multi-Risk Test as part of their commitment to remain at the forefront of contemporary personalised patient health care.
Siles Health, founded by leading Obstetrician and Gynaecologist, A/Prof. Charles Siles, operates nine (9) clinics across Victoria. A/Prof. Siles’ clinics specialise in obstetrics and gynaecology delivering a comprehensive range of personalised healthcare from screening to treatment for women.
Highlights:
• Siles Health treats over 15,000 patients annually
• Siles Health has a current active referral national network of more than 1,000 GPs
• Siles Health will provide a dedicated in-house genetic counselling service for all patients who are identified as high risk creating the most actionable patient pathways
• Siles Health will also support any referring physicians with dedicated genetic counselling support
The geneType Multi-Risk Test is a comprehensive solution that enables an understanding of a patient’s risk of developing a range of common serious diseases. The geneType Multi-Risk Test looks beyond inherited diseases and identifies sporadic (non inherited)1 risk which can account for up to 85% of diagnosed cancers in diseases such as breast cancer, colorectal cancer, ovarian cancer, coronary artery disease, prostate cancer, and type 2 diabetes. Over 212,4002 individuals in Australia receive a diagnosis related to one of these six diseases annually.
GTG’s CEO, Simon Morriss, said “Adoption of geneType Multi-Risk Test by Siles Health provides GTG with immediate access to an important and expanding group of patients with the opportunity to make a significant improvement in their health outcomes. This partnership also represents another significant milestone along our pathway the successful commercialisation of geneType Multi-Risk Tests”.
A/Prof. Charles Siles, founder of Siles Health, noted “geneType Multi-Risk Test is a critical risk identification tool to assist our practice to identify potentially high-risk patients and develop truly actionable, personalised, preventative health plans”.
GeneType risk test implemented in 9 Siles Health Obstetrics and Gynaecology clinics treating over 15,000 patients annually
The agreement between Siles Health and GTG provides the framework for setting a consistent standard of care for physicians and patients for geneType’s Multi-Risk Test. Revenue material to GTG is expected to be generated from the agreement due to the number of Siles Health physicians and patients to be treated. The agreement does not stipulate minimum numbers of tests to be purchased, has no fixed term and has no material termination conditions.
