GeneType and Stayhealthy Announce Landmark Distribution Agreement for Revolutionary Multi-Risk Test
June 05 2024 - 8:00AM
Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE, “Company”,
“GTG”), a global leader in genomics-based tests in health, wellness
and serious disease, and Stayhealthy, Inc., a leader in health and
wellness technology, are excited to announce a major distribution
agreement. This partnership will bring GTG's innovative
Multi-Risk Test to a broader audience in the online pharmacy
channel across North America, empowering individuals to take
control of their health.
Stayhealthy is at the forefront of integrating
technology with health solutions. The company's mission is to
empower, inspire, and give hope to individuals, families, and
communities through enhanced technology and a global wellness
network. Their FDA-cleared technologies have enabled users to
measure, track, and improve their health significantly.
In 2023, Stayhealthy launched an online discount
pharmacy with 1.5 million users and a Level 5 cafeteria workers
insurance plan covering over 100,000 employees. With a database of
over 200 million U.S. email addresses, Stayhealthy is
well-positioned to promote this new offering.
John Collins, previously successful in the music
industry and public relations, was inspired to transform healthcare
after a personal experience. His extensive industry connections
have been instrumental in Stayhealthy's growth.
GeneType will now distribute the Multi-Risk Test
via StayHealthyRx, enhancing the reach of its portfolio of
personalized health risk assessments across North America. This
collaboration will provide users with comprehensive insights into
their health risks and actionable steps to mitigate them.
"Partnering with GeneType allows us to reach
more people with Gene Types Multi-Risk Test, offering a powerful
tool for health management," said John Collins, CEO of Stayhealthy.
"GeneType's expertise in non-invasive genetic testing complements
our technology perfectly."
Genetic Technologies CEO, Simon Morriss: "We are
excited to partner with Stayhealthy and bring the innovative
Multi-Risk Test to their customers, this test will help individuals
make informed health decisions and improve their quality of
life."
For more information, please visit Stayhealthy
and GeneType.
Authorised for release by the Board of
Directors.
EnquiriesSimon
Morriss Chief Executive Officer
E: investors@genetype.com
About Genetic Technologies
Limited
Genetic Technologies Limited (ASX: GTG; Nasdaq:
GENE) is a diversified molecular diagnostics company. A global
leader in genomics-based tests in health, wellness and serious
disease through its GeneType and EasyDNA brands. GTG offers cancer
predictive testing and assessment tools to help physicians to
improve health outcomes for people around the world. The company
has a proprietary risk stratification platform that has been
developed over the past decade and integrates clinical and genetic
risk to deliver actionable outcomes to physicians and individuals.
Leading the world in risk prediction in oncology, cardiovascular
and metabolic diseases, Genetic Technologies continues to develop
risk assessment products. For more information, please visit
www.genetype.com
Forward Looking Statements
This announcement may contain forward-looking
statements about the Company's expectations, beliefs or intentions
regarding, among other things, statements regarding the expected
use of proceeds. In addition, from time to time, the Company or its
representatives have made or may make forward-looking statements,
orally or in writing. Forward-looking statements can be identified
by the use of forward-looking words such as "believe," "expect,"
"intend," "plan," "may," "should" or "anticipate" or their
negatives or other variations of these words or other comparable
words or by the fact that these statements do not relate strictly
to historical or current matters. These forward-looking statements
may be included in, but are not limited to, various filings made by
the Company with the U.S. Securities and Exchange Commission, press
releases or oral statements made by or with the approval of one of
the Company's authorized executive officers. Forward-looking
statements relate to anticipated or expected events, activities,
trends or results as of the date they are made. As forward-looking
statements relate to matters that have not yet occurred, these
statements are inherently subject to risks and uncertainties that
could cause the Company's actual results to differ materially from
any future results expressed or implied by the forward-looking
statements. Many factors could cause the Company's actual
activities or results to differ materially from the activities and
results anticipated in such forward-looking statements as detailed
in the Company's filings with the Securities and Exchange
Commission and in its periodic filings with the ASX in Australia
and the risks and risk factors included therein. In addition, the
Company operates in an industry sector where securities values are
highly volatile and may be influenced by economic and other factors
beyond its control. The Company does not undertake any obligation
to publicly update these forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
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