The Panel will be available to researchers as part of an early access program
TUCSON, Ariz., May 10, 2018 (GLOBE NEWSWIRE) -- HTG Molecular Diagnostics, Inc. (Nasdaq:HTGM) (HTG), a provider of instruments, reagents, and
services for molecular profiling applications, today announced that it will feature its HTG EdgeSeq Precision Immuno-Oncology Panel
at the American Society of Clinical Oncology (ASCO) Conference being held in Chicago, IL on June 1-5, 2018.
“We are very excited to introduce our new HTG EdgeSeq Precision Immuno-Oncology Panel at the 2018 ASCO
conference. Our Panel has been designed to simplify complex tumor biology and accelerate the development of clinical biomarkers. As
Immuno-Oncology matures as a field, it is critical that translational tools evolve with the science to address immunotherapy
acquired resistance or lack of response seen in broader cancer patient populations,” said Mark Stern, Vice President of
Immuno-Oncology at HTG. “We have designed this panel to facilitate the molecular subtyping of tumors, allowing for the
potential stratification of cancer into biological sub-groups, which might be sensitive to newly developed combination treatments.
The new panel builds on HTG’s existing portfolio of assays, which leverage next-generation sequencing (NGS) to advance precision
oncology.”
John Lubniewski, President and Chief Operating Officer of HTG, stated, “This comprehensive panel, with its
multiple potential applications, supports our vision of helping researchers to advance their work and directly apply that knowledge
to molecular testing. By using the HTG EdgeSeq Precision Immuno-Oncology Panel, researchers can go from raw sample to
sequencing-ready libraries in as little as 36-hours, with less than four hours of hands-on time. We are also developing analytic
modules to provide researchers with the answers they need when they need them. Our goal is to provide labs with a complete solution
to empower precision medicine at the local level.”
About the HTG EdgeSeq Precision Immuno-Oncology Panel
The HTG EdgeSeq Precision Immuno-Oncology Panel includes applications such as the immunophenotyping of tumor infiltrating
lymphocytes (TILs); monitoring of immunotherapy response biomarkers; and the elucidation of immune-escape mechanisms known to drive
disease progression. Using only a single 5 µm formalin-fixed, paraffin-embedded (FFPE) tissue section, the panel is able to profile
over one thousand genes, without the RNA extraction and complex workflow associated with standard RNA-seq methods. Together with
the HTG EdgeSeq system, users will have the ability to profile using a wide variety of sample types allowing them to accelerate
discovery, support translational applications, and determine potential biomarkers for development of companion diagnostics.
About HTG:
HTG is focused on next generation sequencing (NGS) based molecular profiling. The company’s proprietary
HTG EdgeSeq technology automates complex, highly multiplexed molecular profiling from solid and liquid samples, even when
limited in amount. HTG’s customers use its technology to identify biomarkers important for precision medicine, to understand the
clinical relevance of these discoveries, and ultimately to identify treatment options. Our mission is to empower precision medicine
at the local level.
Safe Harbor Statement:
Statements contained in this press release regarding matters that are not historical facts are
“forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements
regarding the design and expected features and functionality of the HTG EdgeSeq Precision Immuno-Oncology Panel. Words such as
“believes,” “anticipates,” “plans,” “expects,” “intends,” “will,” “goal,” “potential” and similar expressions are intended to
identify forward-looking statements, although not all forward-looking statements necessarily contain these identifying words. These
forward-looking statements are based upon management’s current expectations, are subject to known and unknown risks, and involve
assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ
materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, including,
without limitation, the risk that the HTG EdgeSeq Precision Immuno-Oncology Panel may not function or provide benefits to our
customers as expected, risks associated with our ability to successfully commercialize our products; the risk that our products and
services may not be adopted by biopharmaceutical companies or other customers as anticipated, or at all; our ability to manufacture
our products to meet demand; the level and availability of first party payor reimbursement for our products; our ability to
effectively manage our anticipated growth; our ability to protect our intellectual property rights and proprietary technologies;
our ability to operate our business without infringing the intellectual property rights and proprietary technology of first
parties; competition in our industry; additional capital and credit availability; our ability to attract and retain qualified
personnel; and product liability claims. These and other factors are described in greater detail in our filings with the Securities
and Exchange Commission, including without limitation our Annual Report on Form 10-K for the year ended December 31, 2017. All
forward-looking statements contained in this press release speak only as of the date on which they were made, and we undertake no
obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were
made.
Contact:
Ashley Robinson
LifeSci Advisors, LLC
Phone: (617) 775-5956
Email: arr@lifesciadvisors.com
TJ Johnson
CEO
HTG Molecular Diagnostics
Phone: (520) 547-2827 x130
Email: tjjohnson@htgmolecular.com