Blood test
Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

CLEO Diagnostics (ASX:COV) has revealed it’s kicked off US-based trials sussing the reliability of its blood tests designed to detect ovarian cancer.

Eight recruitment centres in the US are involved with the tests specifically looking at the efficacy of Cleo’s tests in the US market. Ideally, the company will kick off an FDA application next year on the back of the trial datum.

The trial is notably large in scope, with the company hoping to amass no less than 500 patients to take part with a best-as-possible sample representation of the US population – recruitment is taking place in six different US states.

“Commencement of our US trials confirm a significant milestone for CLEO and sets a clear pathway now for our planned entry into the US,” COV CEO Richard Allman said.

“We have already demonstrated that CLEO’s ovarian cancer blood test is highly accurate, can detect early-stage cancer, and importantly is significantly better than clinical tools used today.

“It is important to note that no diagnostic test exists today for ovarian cancer.”

COV last traded at 36cps.

COV by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Uranium and Lithium stocks jump, as Wisetech breaks record | September 12, 2024

The ASX200 has closed up 1.1% at 8,075 points. The Aussie bourse followed Wall Street’s tech…

Chalice jumps on Putin nickel export ban threat – but then there’s bad news

Former market darling and Indonesian nickel victim Chalice Mining (ASX:CHN) has seen its shares jump nearly…
Image of a battery with Canadian flag

Lithium Universe ‘dream team’ ready to step into the demand-supply breach in Canada

Lithium Universe Ltd is progressing definitive feasibility for its Bécancour lithium carbonate refinery project in Quebec.
Market Update Graphic

ASX Market Update: Nine boss Sneesby quits after months of turmoil as Energy & IT stocks lead Index higher | September 12, 2024

The ASX200 has been up half a percent at 8,030 points in early afternoon trade.