2cureX AB announces share purchase by the company’s Chairman of the Board of Directors and Executive Management

June 7 | 2022

2cureX, a IVD Diagnostic company pioneering the use of 3D tumoroids for drug sensitivity prediction in patients with cancer, announces that the Chairman of the Board of Directors and and Executive Management have purchased shares in the company.

The following share purchases have been conducted:

		Shares purchased	Total shareholding
Povl-Andre’ Bendz	Chairman of the Board	4,775	194,033
Fernando Andreu	CEO	6,754	14,741
Kenneth G. Johansen	CFO	4,000	4,000
Ole Thastrup	CSO	4,000	4,155,134

About 2cureX

2cureX is a leader in cancer drug sensitivity testing and has developed the IndiTreat® (Individual Treatment) family of tests. Starting from a sample of the patient’s tumor, IndiTreat® creates thousands of 3D replicas (tumoroids) and predicts the tumor response to the different available drugs, providing the physician with valuable information to make the treatment decisions.

The first three IndiTreat® tests are aimed at optimizing treatment decisions in patients with metastatic colorectal cancer (IndiTreat® Start for first line of therapy, IndiTreat® Extend and Explore for third line). Additional tests are under development to cover other stages of colorectal cancer as well as other gastrointestinal cancers.

According to several reports, the total yearly expenditure in cancer-related In Vitro Diagnostic (IVD) tests exceeds 17.5Bn USD worldwide, from which 2.5 Bn USD are tests directly related to therapy decision making, with a CAGR of 12.7%. Despite this, only one third of all cancer treatments are supported by one of these tests. IndiTreat® aims at filling this gap and making Precision Oncology available to all cancer patients.

The company is listed on Nasdaq First North Growth Market in Stockholm (symbol: "2CUREX"). For more information about 2cureX visit www.2cureX.com

Certified Adviser: Redeye AB, +46 8 121 576 90, certifiedadviser@redeye.se