Is this the holy grail of cancer tests?

Trevor Lockett is the CEO and Managing Director of Rhythm Biosciences. Rhythm's technology came out of the CSIRO as did Trevor Lockett and they are developing a blood test for colorectal cancer. Alan Kohler gave Trevor a call to see how it's all progressing.

Trevor Lockett is the CEO and Managing Director of Rhythm Biosciences. Rhythm came out of the CSIRO or at least its technology came out of the CSIRO as did Trevor Lockett and they are developing a test for colorectal cancer, a blood test that is rather than a stool test so much better to deal with blood than poo obviously. The feeling is that that a blood test is much more likely to be done by people rather than a stool test which is what the colorectal cancer people are trying to get everyone to do at the moment as you probably know. It’s a bit of a holy grail, I think, to switch to a blood test instead of a stool test and this Australian company, Rhythm Biosciences, are using CSIRO technology reckons they’ve got it. They’re a fair way off cash flows and they’re burning a couple hundred thousand a month at the moment. They listed in December last year, raised $9 million, the shares are still 20 cents. 

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