Full Press Release Details
to distribute HemeScreen through Fisher Healthcare channel
Agreement Enhances Precipio's Product
Reach to US Laboratories
(Globe Newswire) - (July 20th, 2022) - Specialty cancer diagnostics company Precipio, Inc. (NASDAQ:
PRPO), today announced that it has entered into an agreement with Fisher Healthcare, a part of Thermo Fisher Scientific
to distribute its proprietary HemeScreen assays to its customers.
As one of the largest
distributors of laboratory and diagnostic products nationwide, the Fisher Healthcare channel will enable Precipio to expand access to
laboratories across the United States for Precipio's HemeScreen suite of products. This partnership is a logical expansion of Precipio's
distribution strategy, the leveraging of industry leading sales channels rather than building its own sales force.
an agreement with the Fisher Healthcare channel will expand access to customers and drive distribution and revenue for our HemeScreen
product suite", said Keith Meadors, Precipio's Senior Vice President of Products. "Now
more than ever, it is important for laboratories to have products that are accurate, decrease turnaround times and are cost-effective.
The HemeScreen technology excels in these areas and will support the Fisher Healthcare channel in its commitment to serve its customers."
Precipio has built a robust specialty cancer diagnostics
platform that enables the rapid development of highly differentiated, proprietary clinical diagnostics products which provide superior
clinical, operational, and economic benefits to laboratories worldwide. Precipio leverages its relationships with world-class academic
institutions, coupled with its in-house clinical laboratory which enables its internal product development and testing engine to create
and offer proprietary tests and reagents that enhance diagnostic accuracy, and improve patient care. For more information, please visit
@PrecipioDx and on Facebook.
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, including, among others, statements related to the expected or potential impact of the novel coronavirus (COVID-19)
pandemic, and the related responses of the government, consumers, and the company, on our business, financial condition and results of
operations, and any such forward-looking statements, whether concerning the COVID-19 pandemic or otherwise, involve risks, assumptions
and uncertainties. Except for historical information, statements about future volumes, sales, growth, costs, cost savings, margins, earnings,
earnings per share, diluted earnings per share, cash flows, plans, objectives, expectations, growth or profitability are forward-looking
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and variations on such words, and similar expressions that reflect our current views with respect to future events and operational, economic
and financial performance, are intended to identify such forward-looking statements. These forward-looking statements are only predictions,
subject to risks and uncertainties, and actual results could differ materially from those discussed. Important factors that could affect
performance and cause results to differ materially from management's expectations, or could affect the company's ability to
achieve its strategic goals, include the uncertainties relating to the impact of COVID-19 on the company's business, operations
and employees and the other factors that are described in the sections entitled "Risk Factors" and "Management's
Discussion and Analysis" in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as updated from
time to time in the company's Securities and Exchange Commission filings.
The company's forward-looking statements
in this press release are based on management's current views, beliefs, assumptions and expectations regarding future events and
speak only as of the date of this release. The company undertakes no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as required by the federal securities laws.
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