Launch of employee health screening service
EDX Medical Group plc is launching a new employee health and wellbeing screening service in the UK, offering comprehensive tests for cancer, cardiovascular disease, and metabolic disorders, with panels ranging from 40 to 80 biomarkers. The company has reached agreements in principle with three employers representing 14,000 employees, anticipating revenue exceeding £2 million this financial year from these initial contracts, with potential for repeat business in subsequent years. Testing is scheduled to commence in the fourth quarter of the current calendar year, utilizing EDX Medical's nursing and logistics teams for on-site sessions and follow-up diagnostic services.
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CAMBRIDGE, UK: EDX Medical Group plc, which develops innovative digital diagnostic products and services supporting personalised treatments for major diseases, announces that it is launching a new health and wellbeing screening service in the UK which features comprehensive tests for employees.
The service will involve general health checks and will also include biomarker testing panels that determine risk of cancer, cardiovascular disease and metabolic disorders.
The health screening service will comprise a series of comprehensive panels of individual biomarkers. These panels of tests range from 40 to 80 biomarkers covering more than 100 disease conditions.
Test results are to be computed along with employee health and family history questionnaires to generate an extremely accurate and useful picture of an individual's health status.
EDX Medical has reached agreement in principle with three significant UK employers, which have a total of 14,000 employees, to undertake health screening, subject to final documentation. Testing is expected to commence in Q4 this calendar year.
The Company estimates that, on the basis of the current agreements in principle, fulfilment of these agreements could generate revenue in excess of £2million this financial year, with repeat testing to be carried out in future years.
EDX Medical will deploy its experienced team of nurses and logistics managers to undertake the testing sessions in the workplace and a follow-up service which includes the provision of advanced diagnostic tests if required by an employee.
Professor Sir Chris Evans, OBE, founder of EDX Medical, commented: "We are delighted to announce the launch of a corporate health and wellbeing screening service, and we anticipate strong demand from employers for a service that will help keep their staff healthy. We are very pleased that major employers are immediately supportive of our service and we are in discussion with several other leading UK businesses.
"EDX Medical has developed the testing panels for more than 18 months and designed a unique range of biomarker combinations which we believe offer a superior, comprehensive and price-competitive testing range compared with other diagnostic services available in the UK or Europe. Our tests have regulatory approval, and the biomarker panels are perfectly designed to monitor a comprehensive range of major diseases that could seriously affect the health of employees. It is abundantly clear that early detection of a range of diseases can be transformative for both employee and employer.
"As a diagnostic company with experience of testing in the workplace, it is clear that employee health screening is growing in popularity because it dramatically decreases long-term absenteeism while at the same time improves loyalty from employees who appreciate their health being actively considered by their employer."
An estimated 148.8 million working days were lost because of sickness or injury in 2025, according to the Office of National Statistics, and official estimates state £130 billion is lost annually to the UK economy, driven by lost working capacity, recruitment costs, and decreased output.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.