PR Newswire
AUSTIN, Texas, Sept. 29, 2016
AUSTIN, Texas, Sept. 29, 2016 /PRNewswire/ -- ASPiRA LABs, a Vermillion company (NASDAQ: VRML), today announced a major contract agreement with CareFirst BlueCross BlueShield for their U.S. FDA cleared ovarian cancer risk assessment test, OVA1. CareFirst serves over three million patients throughout Maryland and Washington, D.C., and Virginia and the area has the greatest population density in the US.
"We are pleased to announce CareFirst BlueCross BlueShield contract agreement for OVA1," said Valerie Palmieri, President and CEO of Vermillion, Inc. "This is our fourth recent announcement of new managed care contracts as we continue to expand our reach in our key strategic market areas."
"The mortality rate of ovarian cancer has not changed in 40 years, even following the introduction of CA125. Given the FDA safety statement on Ovarian Cancer Screening, expanding coverage and increasing access to OVA1 for women with a pelvic mass is vital to ensuring optimal care for patients nationwide. Days and weeks matter with Ovarian Cancer. Treatment for two thirds of women with ovarian cancer does not follow the appropriate carepathway. OVA1 can change this from this onset and give piece of mind for patients with OR without disease."
Links to multiple clinical studies showing OVA1's strong performance over CA125 for earlier and improved detection can be found on our website:
http://vermillion.com/providers/ova-1/clinical-validation-studies/.
About Vermillion
Vermillion, Inc. is dedicated to the discovery, development and commercialization of novel high-value diagnostic and bio-analytical solutions that help physicians diagnose, treat and improve gynecologic health outcomes for women. Vermillion, along with its prestigious scientific collaborators, discovers, develops, and delivers innovative diagnostic and technology tools that help women with serious diseases. The company's initial in vitro diagnostic test, OVA1®, was the first FDA-cleared, protein-based In Vitro Diagnostic Multivariate Index Assay, and represented a new class of software-based liquid biopsy in vitro diagnostics. In March 2016 Vermillion received FDA clearance for Overa™, a second generation OVA1 test with significantly improved specificity and ease of use. For additional information, including published clinical trials, visit www.vermillion.com.
About OVA1®
Investor Relations Contact:
Michael Wood
LifeSci Advisors LLC
Tel 1-646-597-6983
[email protected]
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aspira-labs-ova1-test-now-covered-by-carefirst-bluecross-blueshield-300336472.html
SOURCE Vermillion, Inc.
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