Elements of the state-of-the-art discovery and development program deployed by Veracyte's scientists and described in the article include: using large numbers of "real world" FNA samples to incorporate into the test the breadth of clinical samples that it may encounter; employing a whole-genome approach to identify genes that best differentiate benignity from malignancy, coupled with machine-learning algorithms and sophisticated statistical approaches to make sense of the large amount of genomic data; and utilizing large, prospective, multi-center clinical studies for discovery and clinical validation.

"These initial data and journal article are strong testaments to our company's ability to develop and effectively apply molecular biomarkers to minimally invasive cytology samples such as fine needle aspirates. By improving the diagnostic accuracy of FNAs, we believe that their utility as an alternative to surgical biopsy is enhanced, thus helping to improve cancer diagnosis and monitoring," said Bonnie Anderson, Veracyte's Cofounder and Chief Executive Officer. "Our ultimate goal is to enable doctors to make better, more efficient treatment decisions that can improve patient care and provide cost savings to the healthcare system."

Ms. Anderson noted that Veracyte plans to begin marketing its thyroid test “ branded Afirma?„? “ on a limited basis to several academic centers that have requested early access by the end of this year. Additional commercialization is planned for early 2011.

SOURCE Veracyte, Inc.