ProPhase Labs announces collaboration with mProbe

ProPhase Labs announced a collaboration with mProbe, a precision health and medicine company utilizing clinical proteomics in the oncology space, and Dr. Christopher Hartley of Mayo Clinic for the continued development of its BE-Smart Esophageal Pre-Cancer Diagnostic Screening test. mProbe plans to continue testing specimens provided by the Mayo Clinic in the first quarter of 2023. ProPhase Labs intends to pursue initial commercialization of the BE-Smart test as a laboratory developed test and for research use only in the third quarter of 2023, once 500 specimens have been tested by mProbe. Clinical validation of the BE-Smart test for mass spectrometry for non-insurance payers is estimated to commence in the third quarter of 2023. Full commercialization backed by insurance is expected to commence by mid-2024. Ted Karkus, ProPhase Lab’s Chief Executive Officer, commented, "We are excited to announce this continued collaboration and outline our development and early commercialization strategy for the BE-Smart diagnostic test, which we believe could become an important and potentially lifesaving test. Approximately 83% of esophageal adenocarcinoma patients die of this terrible disease within six months to five years of diagnosis. If diagnosed potentially years earlier with our diagnostic test, an ablation procedure may destroy the pre-cancerous cells before developing into cancer. With partners like mProbe and Dr. Hartley of the Mayo Clinic, we are optimistic that we can meet our commercialization goals for this potentially life-saving test. We are also in preliminary discussions to license, develop and ultimately commercialize our BE-Smart test in other countries."