MDxHealth

MDxHealth

MDXH
Herstal, Belgium· Est.
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MDXH · Stock Price

USD 2.01+0.14 (+7.49%)
Market Cap: $102.0M

Historical price data

Market Cap: $102.0MFounded: 1999Employees: 100-250HQ: Herstal, Belgium

Overview

MDxHealth is a Nasdaq-listed precision diagnostics company dedicated to personalizing urologic care, primarily in prostate cancer. Its strategy centers on commercializing and expanding a menu of proprietary, non-invasive and tissue-based molecular tests, such as ConfirmMDx, GPS, SelectMDx, and ExoDx, which are supported by extensive clinical validation. The company aims to grow by increasing test adoption, securing favorable payer reimbursement, and leveraging its commercial infrastructure to enhance patient access and clinical utility.

Urologic OncologyProstate CancerUrinary Tract Infection

Technology Platform

A suite of molecular diagnostic technologies including epigenetic DNA methylation analysis, gene expression profiling (qRT-PCR), urinary mRNA/exosomal RNA detection, and antimicrobial susceptibility testing, tailored for urologic diseases.

Funding History

3
Total raised:$65M
Debt$15M
PIPE$20M
IPO$30M

Opportunities

The large, underserved prostate cancer diagnostic market offers significant growth potential, particularly with the recent addition of the patient-friendly ExoDx test.
Successfully integrating the test menu to guide the entire patient journey can drive deeper adoption with urologists.
Expansion of favorable payer reimbursement is a key lever for accelerating revenue growth.

Risk Factors

Revenue is highly dependent on securing and maintaining adequate reimbursement from insurers, which is subject to change and pricing pressure.
Intense competition in both prostate cancer genomics and UTI testing requires flawless commercial execution.
The company's financial sustainability depends on rapidly scaling test volumes to achieve profitability.

Competitive Landscape

MDxHealth faces direct competition in prostate cancer from Exact Sciences (Oncotype DX GPS), Veracyte (Decipher), and Myriad (Polaris), and in UTI testing from large reference labs and diagnostic majors. Its competitive edge lies in a focused urologic portfolio, strong clinical validation, and a strategy to own multiple decision points in the patient care pathway.

Company Timeline

1999Founded

Founded in Herstal, Belgium

2011IPO

IPO — $30.0M

2017PIPE

PIPE: $20.0M

2020Debt

Debt: $15.0M