
MainzâŊBiomed and OncoVanguard8 Enter into Agreement to Bring ColoAlert to South America
âĒBy ADMIN
Related Stocks:MYNZ
Mainz Biomed N.V. (NASDAQ:âŊMYNZ), a molecular genetics diagnostics company specializing in early cancer detection, announced on NovemberâŊ18,âŊ2025 that it has signed a Memorandum of Understanding (MOU) with OncoVanguard8, a Peruvianâbased distributor of oncology innovations. The agreement sets the stage for the introduction of the companyâs flagship DNAâbased colorectal cancer screening test, ColoAlertÂŪ, into the South American markets of Peru, Colombia and Ecuador, with an initial launch in Peru.
Colorectal cancer remains one of the most commonâand significantly preventableâtypes of cancer worldwide. In the three target markets alone, roughly 17,000 new cases are diagnosed each year, underscoring the urgency for enhanced early detection technologies. The rollout of ColoAlert is seen as a major step toward increasing screening participation rates, enabling earlier diagnosis, and supporting publicâhealth efforts in the region to reduce colorectal cancer mortality and improve longâterm population health.
Under the MOU, MainzâŊBiomed and OncoVanguard8 have outlined the commercial, legal and regulatory framework, along with a goâtoâmarket strategy for the initial territory. They intend to finalize a full distribution agreement in the coming weeks.
About MainzâŊBiomed: The company develops readyâtoâmarket molecular genetic diagnostics for lifeâthreatening conditions. ColoAlert, a nonâinvasive earlyâdetection test for colorectal cancer, is already marketed across Europe. Its pipeline also includes PancAlert, an early pancreatic cancer screening test based on multiplex PCR detection of biomarkers in blood and stool samples.
About OncoVanguard8: Headquartered in Lima, Peru, OncoVanguard8 acts as a strategic partner to insurers, hospitals and healthcare networks in Peru, Colombia and Ecuador, with a mission to bridge the technological gap in cancer prevention and early detection.
Forwardâlooking statements caution that actual results may differ materially from projections due to factors such as regulatory changes, market acceptance and other uncertainties.
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