Creathor Venture invest in Sividon

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01.09.2011
The recent investment by venture capital investors Creathor Venture (member of CityInvest), Rheinland Venture Capital (RVC) und KfW has been a key step in forming Sividon Diagnostics, a spin-off from the diagnostics division of Siemens Healthcare. Through this funding the company will be able to develop and market innovative invitro diagnostics in personalized medicine.

With the EndoPredict® assay Sividon Diagnostics is now launching its first product for pathology laboratories. The new test has been validated in more than 1700 patients in two clinical studies of the Austrian Breast and Colorectal Cancer Study Group (ABCSG). The results of this study show that the EndoPredict® assay allows for a significantly improved risk assessment of breast cancer: It enables a more accurate stratification according to the aggressiveness of the tumor. Even without receiving chemotherapy patients having a good prognosis according to EndoPredict® take a 95% chance to stay recurrence-free over the next 10 years. Therefore the test offers a science based rational for choosing a less aggressive therapeutic regime for a significant proportion of all breast tumor patients, helping to protect them from avoidable side effects in the future.

Sividon Diagnostics is focusing on developing further products in breast cancer and other oncological indications out of its well-filled pipeline. “We are very pleased that we were able to found Sividon Diagnostics and could launch our product through the support and the network of our investors.” state Dr. Christoph Petry und Dr. Georg Kox, Sividon’s managing directors.

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