Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Pacific Edge Named #6 in TIN Top Ten Hot Emerging Companies

Pacific Edge named number 6 in TIN Top Ten Hot Emerging Companies for 2017

Pacific Edge’s global growth and positive revenue trajectory has been recognised with the cancer diagnostics company named number 6 in the TIN Top Ten List of Hot Emerging Companies for 2017.

Technology Investment Network produces the annual TIN Report tracking the progress of New Zealand's technology companies, and selection is based on revenue growth for FY17. The TIN Top Ten Hot Emerging Companies for 2017 includes firms with revenues between $8.2 million and $16 million, with a collective revenue increase of 37%.

The top companies by revenue growth were named at an event in Auckland last night. A number of the high growth companies named, including Pacific Edge, are gaining traction and exposure in the US. TIN managing director, Greg Shanahan, noted that it was indicative of “a growing level of expertise and understanding of how to grow a global business. In a first for New Zealand, TIN200 companies’ total revenue now exceeds $10 billion, making them third in contribution to New Zealand’s GDP behind dairy and tourism.”

Pacific Edge has been building its commercial business of the US market over the past four years and now has an effective strategy that it is using to build awareness, trial and gain commercial adoption of its innovative bladder cancer diagnostic tests. A number of significant milestones were achieved in 2016 including the completion of the Federal Supply schedule, the Veteran’s Administration and TRICARE contract enabling access to the US’s active military and veterans, and increasing the product suite to

four novel molecular diagnostic tests.

Pacific Edge’s successful progress in the implementation of its strategy since launching in the US in mid- 2013 is reflected in the significant uplift in commercial revenue in the past two years.

Pacific Edge CEO, David Darling, says: “Our portfolio of Cxbladder products is now in the market with Cxbladder Resolve launching in NZ in late 2016 and planned for launch in the USA late this year. Having four molecular diagnostic products across the clinical diagnosis and management pathway for urothelial
cancer is a global first for any company.”

“Cxbladder is being adopted at an increasing pace by urologists in our key markets. Medical products by their very nature have a high threshold of proof of performance before mainstream adoption and it is great to see this happening now particularly in our home country of New Zealand.”

“We were pleased to see our positive progress recognised again in the TIN Report announced last night. We are a small company and our team continues to punch well above its weight in the global market. We remain firmly focused on high growth.”


ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Motor Industry Association: 2020 New Vehicle Registrations Suffer From Covid-19

Chief Executive David Crawford says that like some other sectors of the New Zealand economy, the new vehicle sector suffered from a case of Covid-19. Confirmed figures for December 2020 show registrations of 8,383 were 25% ... More>>

CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>

ALSO:

OECD: Area Employment Rate Rose By 1.9 Percentage Points In The Third Quarter Of 2020

OECD area employment rate rose by 1.9 percentage points in the third quarter of 2020, but remained 2.5 percentage points below its pre-pandemic level The OECD area [1] employment rate – the share of the working-age population with jobs – rose ... More>>

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>