1
Disease Stage Progression

4 groups spanning the full AMD spectrum — from healthy baseline through advanced disease — collected from 3+ clinical centers (n=240)

Baseline
Healthy Controls
n=60
No retinal findings
→
The Critical Window
Asymptomatic Early AMD
n=60
Drusen present, ZERO vision symptoms
Proves biomarkers rise BEFORE symptoms
→
Symptomatic
Symptomatic Early AMD
n=60
Vision changes present
→
Advanced
Advanced AMD
n=60
Dry & Wet AMD
2
Why Cross-Sectional Validation Works
✓

FDA & CLIA-Accepted Standard

Used by Cologuard (FDA PMA) and CancerGuard (CLIA LDT) — both Exact Sciences products that validated via cross-sectional case-control studies

✓

Captures Years of Biology

Drusen deposits represent 5–10+ years of accumulated molecular changes, meaning a single-timepoint blood draw captures the cumulative biological signature of disease progression

3
Regulatory Precedent: Exact Sciences Success Stories
Similar Study Design as Ours
C

CancerGuard (Exact Sciences)

CLIA-certified LDT launched at $689 with nationwide Quest Diagnostics access
Case-control design: compared patients with existing cancer vs. healthy controls at a single timepoint. Same cross-sectional validation approach as our 240-sample AMD study. No longitudinal data required for CLIA certification.
C

Cologuard (Exact Sciences)

FDA PMA-approved via prospective, cross-sectional DeeP-C trial — $2.1B+ annual screening revenue
Prospective screening of 10,000 asymptomatic patients with colonoscopy as reference standard at a single timepoint. No longitudinal progression data required for FDA approval.
A

Alzheimer's Biomarkers

Cross-sectional validation, later confirmed elevated 10–20 years pre-symptoms

P

PSA & Oncotype DX

Validated via single-timepoint biomarker comparison

4
Investor Questions
Why not longitudinal data?
Cross-sectional validation is the industry standard. CancerGuard (case-control design like ours, CLIA LDT at $689) and Cologuard (FDA PMA-approved, $2.1B+ revenue) both used single-timepoint validation. Our asymptomatic group proves biomarkers rise before symptoms. Longitudinal studies follow post-launch — standard two-phase approach used by all screening tests.
Can you predict AMD before any signs?
✨
Our validation study is specifically designed to answer this by including an asymptomatic early AMD cohort (drusen present, zero vision symptoms).
✨
Our proof-of-concept demonstrates the platform can detect biomarker alterations associated with AMD.
✨
Our 240-sample validation study follows the same case-control, cross-sectional design Exact Sciences used for CancerGuard.
✨
CancerGuard's test development study analyzed 21 different cancer types and 4 stages in 729 samples, resulting in 1 to 48 samples per cancer type per stage.
✨
Our study focuses on a single disease with 60 samples per group, providing significantly greater statistical power per condition.
✨
Cohort sizes determined by power analysis requiring ~13 samples per group for statistical significance. We are using nearly 5x that threshold.
✨
CancerGuard launched as a CLIA LDT at $689 with nationwide Quest Diagnostics access (September 2025).
✨
Full CancerGuard clinician brochure available in data room.
How reliable is "asymptomatic early AMD"?
Diagnosed via dilated fundus exam and OCT imaging — the clinical gold standard. Drusen deposits are objective physical findings validated by retinal specialists, making this classification highly reliable.

Cross-sectional validation is the industry-standard path to regulatory approval and commercial success

Same approach: CancerGuard (CLIA LDT $689), Cologuard (FDA PMA $2.1B+), Alzheimer's biomarkers, PSA testing