Pacific Edge Reports Continued Growth Momentum into Q1 FY22

Company Announcement
29 July 2021

PACIFIC EDGE REPORTS CONTINUED GROWTH MOMENTUM INTO Q1 FY22

PACIFIC EDGE’S Q1 FY22 Update

Cancer diagnostics company, Pacific Edge Limited (NZX: PEB) has reported a continuation of the positive growth
momentum seen in the second half of the prior financial year, with sales of its Cxbladder tests continuing their
strong growth.

The company, which is holding its Annual Meeting in Dunedin today, has delivered a record quarter in both test
throughput and cash receipts for the three months from 1 April to 30 June 2021.

Laboratory throughput has risen consistently over the last five quarters
§ 179% on the same time last year
§ 109% increase on the preceding quarter (Q4 FY21)

Cash Receipts from Customers also continue to grow as reimbursement success and volumes grow.
§ 242% on the same time last year
§ 121% increase on the preceding quarter (Q4 FY21)

Growth Outlook

Pacific Edge has a positive growth outlook, with opportunities being addressed in each of its key markets. The
priorities going forward are to firstly encourage commercial use of Cxbladder by large scale institutional healthcare
organisations in each market; and secondly, to encourage customers to include multiple products from the
Cxbladder suite of tests in their standard of care and mainstream commercial use.

The US remains the primary focus, with an annual addressable market of US$3.5 billion
1
. With the Company’s recent
commercial milestones achieved in reimbursement for tests, Pacific Edge has scaled up its sales team and resources
in the US. An increasing number of commercial tests from the CMS, Kaiser Permanente and other scale payers such
as United Healthcare are expected to underpin revenue and operating cashflow growth in FY22 and beyond. The
company notes that the impact of the Covid-19 pandemic is still being felt, particularly restricted access to clinics
and urologists for Pacific Edge’s sales team.

The focus in New Zealand is expanding the coverage by New Zealand’s public healthcare providers and continuing
the evolution towards mainstream commercial use of more than one Cxbladder product. Australia and South East
Asia are at an earlier stage in their commercial journey, with the goal being to transition the large scale public
healthcare providers from clinical trials to a commercial customer model.

CEO David Darling said: “Our recent progress and commercial achievements over FY21 underpin our future growth.
We are now seeing the commercial benefits of our efforts and the resources that have gone into the development

1
Pacific Edge estimate more than 5 million Cxbladder test opportunities per year with an estimated annual revenue potential of more than
US$ 3.5 billion

Company Announcement
29 July 2021
and commercialisation of our Cxbladder technology, rolling into the company’s performance in the first quarter of
FY22.”

ENDS

For more information contact: David Darling, Chief Executive Officer, Pacific Edge Ltd, P: +64 (3) 479 5800

For media assistance, please contact: Jackie Ellis, P: +64 27 246 2505 E: jackie@ellisandco.co.nz


OVERVIEW www.pacificedge.co.nz www.pacificedgedx.com
Pacific Edge Limited (NZX: PEB) is a New Zealand publicly listed, cancer diagnostic company specialising in the discovery and
commercialisation of diagnostic and prognostic tests for better detection and management of cancer. Its Cxbladder suite of
non-invasive, simple to use and accurate diagnostic tests provide actionable results, and better detection and management of
urothelial cancer. The company is developing and commercialising its range of Cxbladder bladder cancer tests globally through
its wholly owned central laboratories in New Zealand and the USA. The company’s products have been tested and validated in
international multi-centre clinical studies.

ABOUT Cxbladder Triage www.cxbladder.com
Cxbladder Triage combines the power of the genomic biomarkers with additional phenotypic and clinical risk factors to
accurately identify patients with haematuria who have a low probability of bladder cancer and may not require a more
extensive urological evaluation. Cxbladder Triage is a tool for use by clinicians and physicians in primary evaluation of patients
with haematuria and is intended to reduce the need for an expensive and invasive work-up in patients who have a low
probability of having urothelial carcinoma.

ABOUT Cxbladder Detect www.cxbladder.com
Cxbladder Detect enables the non-invasive detection of bladder and other urinary tract cancers from a small volume of a
patients’ urine. Cxbladder Detect provides clinicians with a quick, cost effective and accurate measure of the presence of the
cancer as an effective adjunct to cystoscopy.

ABOUT Cxbladder Monitor www.cxbladder.com
Cxbladder Monitor allows urologists to monitor bladder cancer patients for recurrence of the disease. Bladder cancer has a
recurrence rate of 50-80% and requires life-long surveillance. Cxbladder Monitor accurately identifies patients with a prior
history of urothelial cancer (UC) whose Cxbladder Monitor score shows that they have a low probability of recurrent urothelial
carcinoma. Cxbladder Monitor is designed to be used as the preferred adjunct test to cystoscopy in the management of patients
for ongoing evaluation of recurrent bladder cancer.

ABOUT Cxbladder Resolve www.cxbladder.com
Cxbladder Resolve identifies those patients who are likely to have aggressive or more advanced bladder cancer. Cxbladder
Resolve, when used as part of the primary evaluation of haematuria and/or in conjunction with other Cxbladder tests (Triage,
Detect), is designed to assist clinicians by accurately identifying patients with a high probability of having high grade or late
stage bladder cancer, for whom alternative or expedited treatment options may be warranted, or who can be prioritised for
further investigation in high throughput settings.

Refer to www.cxbladder.com for more information.