The Argus

EU AWARD FOR LOCAL FIRM

- BY OLIVIA RYAN

Dundalk based Diaceutics PLC the company behind the world’s first diagnostic network for Precision Medicine, DXRX – The Diagnostic Network®, has this week been awarded the Internatio­nal Star Award as part of the European Small and Mid Cap Awards 2020.

The awards are a joint initiative of the European Commission, the Federation of European Securities Exchanges and European Issuers.

In recent months, Diaceutics has announced a number of key developmen­ts which show its commitment to addressing key issues hindering cancer testing.

Each year, the Internatio­nal Star award is bestowed upon a newly listed mid-cap company that has demonstrat­ed strategic growth internatio­nally. The Internatio­nal Star award win bookends a significan­t period for Diaceutics, following the successful launch of DXRX – The Diagnostic Network® last month. This platform is designed to improve the efficiency of cancer patient testing globally, reducing the current protracted timeline for a patient to secure optimal treatment from years to months.

Philip White, Diaceutics CFO said: ‘It’s a great honour for Diaceutics to be recognised with this Internatio­nal Star award. This represents a seal of approval for the inroads we have made in recent years, particular­ly since our IPO. This award is really for our talented workforce, whose dedication and skill have driven this period of success for

Diaceutics.

‘We will continue with our efforts to help reduce the significan­t lag in cancer testing and treatment. With the recent launch of DXRX, we are in a great position to make a significan­t impact in addressing the widespread inefficien­cies in the cancer treatment landscape globally and help more patients receive the right drug at the right time.’

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