BRIEF

on Mainz BioMed N.V.

Mainz Biomed's CEO Projects Substantial Growth and U.S. FDA Trials in 2025

Mainz Biomed N.V. (NASDAQ:MYNZ), a molecular genetics diagnostic company, has released a statement outlining significant plans for 2025. CEO Guido Baechler emphasized that the year will be pivotal, with the company launching U.S. FDA trials and major growth opportunities in global markets.

Molecular diagnostics have been a focal point for Mainz Biomed, particularly its mRNA-based CRC screening tests, which have shown high sensitivity in detecting colorectal cancer and advanced adenomas in both U.S. and European trials. These efforts aim to establish a foothold in the American healthcare market.

Mainz Biomed's current strategy involves expanding its clinical research program and submitting a comprehensive data package to the FDA in 2025. Successful approval could lead to significant revenue growth by marketing CRC screening tests to millions at risk.

The company continues to enhance its diagnostic pipeline and has redeveloped its first-generation CRC screening test, ColoAlert, for the European market. Additionally, it has PrancAlert, an early-stage pancreatic cancer screening test, under development.

Mainz Biomed remains focused on delivering milestones that it believes will reflect its true market value, despite market challenges. By scaling operations in Europe and beyond, the company aims to revolutionize early cancer detection.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Mainz BioMed N.V. news