Mainz Biomed (NASDAQ: MYNZ) stock has done something over the past few days that few stocks have been able to match- trade higher. And with its decoupling putting a technical uptrend into motion, the best part of recent trading could be that it's the precursor of more to come. In fact, the more this thinly traded molecular genetics diagnostics company makes it to investor radar screens, the more likely it solidifies the presumption that MYNZ stock's path of least resistance is higher.
It's a more likely scenario than not after MYNZ successfully raised
They target more than near and long-term revenue-generating opportunities; they tap into a market where billions are in play for a diagnostics tool that can screen for two of the most deadly cancers- colon and pancreatic. And MYNZ investors won't wait long for the company to take advantage of its potentially massive shots on goal. Their flagship ColoAlert colorectal cancer diagnostic test is already commercialized, and its PancAlert, a pancreatic cancer detection test, isn't far behind after scoring multiple preclinical milestones supporting its development as a first-in-class diagnostic for that deadly cancer indication.
Moreover, after raising significant capital to maximize focus initiatives, MYNZ is well-positioned to accelerate growth, with an experienced management team capable of driving substantially higher domestic and international development initiatives during the current and coming quarters.
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ColoAlert Fuels International Growth
Its flagship product ColoAlert, an accurate, non-invasive, and easy-to-use early detection diagnostic test for colorectal cancer, is the current value driver. It's already marketed across
Shares started to move higher after Mainz Biomed announced advancing its pivotal FDA clinical study for
While that's a targeted catalyst, investors could also be valuing that ColoAlert is an excellent product that's getting even better. Mainz Biomed announced enrolling the first patient in an international clinical study (ColoFuture) evaluating the integration of novel mRNA biomarkers into ColoAlert. If data from that trial accrue as expected, an already best-in-class diagnostic screen could reach the "gold standard" status for CRC at-home testing.
While those trials and opportunities are forward-looking from a U.S. market perspective, there's plenty of intrinsic value today to support significantly higher share prices. In fact, Mainz reached key milestones during the first half of 2022, including announcing high-profile partnerships with leading laboratories like Labor MVZ Dr. Stein + Kollegen, more commonly known as "Laboratory Mönchengladbach," and with
That would result from Laboratory Mönchengladbach leveraging its position as one of the largest diagnostics laboratories in
Mainz Biomed also works with
Assessing mRNA Biomarkers To Enhance ColoAlert
In June, Mainz enrolled the first patient in an international multi-center clinical study (ColoFuture) assessing the potential integration of a portfolio of novel gene expression (mRNA) biomarkers into ColoAlert. The mRNA biomarkers were acquired from the Universite de Sherbrooke in
Today, MYNZ is taking the next steps by evaluating the effectiveness of these biomarkers in a study intending to enhance ColoAlert's technical profile and extend its capability to identify advanced adenomas (A.A.), a pre-cancerous polyp often attributed to colorectal cancer. Additional endpoints in this over 600-patient study include increasing ColoAlert's diagnostic sensitivity and specificity rates, with results from this over 600-patient trial expected to be published in early 2023. More than a second or third near-term catalyst, the better news is that if results are positive, ColoAlert could become the market's most robust and accurate at-home diagnostic screening test.
And not only from its ability to detect cancerous polyps with a high degree of accuracy but also by potentially preventing colorectal cancer through early detection of pre-cancerous adenomas. Also, data from the ColoFuture trial could be included as a part of ColoAlert's pivotal
Colorectal cancer is the second most lethal cancer in the
They currently suggest screening with stool DNA tests such as ColoAlert be conducted once every three years starting at age 45, putting an over age 50 target market at roughly 112 million in play in the
That opportunity, already in the crosshairs, supports a valuation higher than MYNZ's current
PancAlert Milestones Reached
Mainz Biomed is advancing a second portfolio asset, PancAlert, an early-stage pancreatic cancer screening test based on real-time Polymerase Chain Reaction-based (PCR) multiplex detection of molecular-genetic biomarkers in stool samples. More simply, it's an accurate test providing real-time results, which could help position it commercially as a first and best-in-class diagnostic screen for pancreatic cancer. Mainz has reached milestones in its mission to get it commercialized.
In Q2, MYNZ announced that PancAlert reached multiple preclinical milestones supporting continued development, including achievement of specificity target, collection of a set of characterized clinical samples, selection of potential biomarker candidates, and the development of a prototype biomarker test. Evaluation is being done to determine if a clinical trial is warranted. However, considering that the project commenced with a grant from the
Statistics indicate that about 466,000 lives are lost each year globally from pancreatic cancers, making it the seventh leading cause of cancer-related death worldwide. And worse, because of its propensity for late detection and poor outcomes with the standard of care treatment, the 5-year overall survival rate is approximately 11% in the
But results don't have to be dire; survival rates increase significantly after early detection, which supports continuing its PancAlert initiative. Moreover, positive data could attract additional outside interest, including partnerships and grants to expedite that critically needed diagnostic and create additional shareholder value.
A Bullish Proposition Exposed
As a commercial-stage cancer diagnostics products company targeting enormous market opportunities, the sum of MYNZ's parts exposes a valuation disconnect that is hard to ignore. And part of that disconnect is inherent to the value of MYNZ's mid-year cash balance of over
Investors at current levels are timely to a value proposition from an excellent company getting stronger. MYNZ is advancing studies, penetrating global markets to maximize revenue-generating opportunities, and is on the cusp of an expected
Thus, Mainz Biomed stock's recent bullish move is more than appropriate; it's relevant to a company having no need for the capital markets and positioned to grow appreciably from best-in-class products targeting billion-dollar marketing opportunities. In uncertain markets, the wise choice may be to stick with companies whose products meet a compelling need, and Mainz Biomed checks that box. Better yet, being well funded to execute its business mission, exploiting its enormous revenue-generating opportunities could happen sooner rather than later.
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