REG - Verici Dx PLC - Statement re. Silicon Valley Bank

Verici DxAnnouncement

13/03/2023 07:00

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RNS Number : 6724S  Verici Dx PLC  13 March 2023

Verici Dx plc

("Verici Dx" or the "Company")

 

Statement re. Silicon Valley Bank

 

Verici Dx plc (AIM: VRCI), a developer of advanced clinical diagnostics for
organ transplant, is aware of public statements and media reports relating to
Silicon Valley Bank ("SVB"). The Company does not hold any cash at SVB nor
does it have any banking relationship with SVB.

 

 

Enquiries:

 

 Verici Dx                                                www.v (http://www.vericidx.com) ericidx (http://www.vericidx.com) .com
                                                          (http://www.vericidx.com)
 Sara Barrington, CEO                                     Via Walbrook PR
 Julian Baines, Chairman

 Singer Capital Markets (Nominated Adviser & Broker)      Tel: +44 20 7496 3000
 Aubrey Powell / Sam Butcher

 Walbrook PR Limited                                      Tel: +44 20 7933 8780 or vericidx@walbrookpr.com
                                                          (mailto:renalytix@walbrookpr.com)
 Paul McManus / Stephanie Cuthbert /                      Mob: +44 7980 541 893 / +44 7796 794 663 /

 Sam Allen                                                07502 558 258

 

 

About Verici Dx plc www.vericidx.com (http://www.vericidx.com)

Verici Dx is a developer of a complementary suite of leading-edge tests
forming a kidney transplant platform for personalised patient and organ
response risk to assist clinicians in medical management for improved patient
outcomes.  The underlying technology is based upon artificial intelligence
assisted transcriptomic analysis to provide RNA signatures focused upon the
immune response and other biological pathway signals critical for transplant
prognosis of risk of injury, rejection and graft failure from pre-transplant
to late stage.  The Company also has a mission to accelerate the pace of
innovation by research using the fully characterised data from the underlying
technology and collaboration with medical device, biopharmaceutical and data
science partners.

 

The foundational research was driven by a deep understanding of cell-mediated
immunity and is enabled by access to expertly curated collaborative studies in
highly informative cohorts in kidney transplant.

 

The two lead products are Clarava™, a pre-transplant prognosis test for the
risk of early acute rejection, and Tutivia™, a post-transplant test focused
upon acute cellular rejection, including sub-clinical rejection. These
products seek to measure how a patient is likely to respond, and is
responding, to a kidney transplant. These products are underpinned by
extensive patented and published scientific research from the leading Mount
Sinai Medical Center, for which the Company holds an exclusive worldwide
licence.

 

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