BRUSSELS Nov 6 Belgium-based cancer testing
company MDxHealth said its revenues in the third
quarter increased by more than 60 percent to 1.5 million euros
($2.02 million), as sales of its prostate cancer product
ConfirmMDx rose sharply.
The group still made a net loss of 2.98 million euros in the
period, as it ramped up its marketing activity in the United
States and invested in new products.
At the end of September, MDxHealth had 21.05 million euros
of cash available, burning through an average of just under 1
million a month.
MdxHealth said it expected more of its tests to be used and
more insurance companies to reimburse them in the coming
($1 = 0.7421 euros)
(Reporting by Robert-Jan Bartunek)