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The signing of the Nancy Gardner Sewell Medicare Multi-Cancer Early Detection (MCED) Screening Coverage Act marks a meaningful shift in U.S. cancer screening policy. For the first time, Medicare has a defined benefit category and a clear pathway to evaluate and potentially cover multi-cancer early detection tests once they receive FDA approval.This change matters because most cancer deaths occur in cancers that lack recommended screening today. While scientific advances have made earlier detection increasingly possible, policy frameworks have lagged behind. By establishing a dedicated pathway, the law gives Medicare the authority to consider MCED tests as preventive care, aligning public policy with emerging capabilities in early cancer detection while preserving rigorous standards for evidence and oversight.At TOBY, we see this as an important step forward for the field. The law now formally establishes a Medicare pathway for multi-cancer early detection, while preserving the need for FDA approval and evidence-based CMS review. What remains is execution. How this pathway is implemented will determine the pace and scope of patient access, but the structural uncertainty that once constrained the field has now been removed by statute. To learn more, visit <a data-mce-href="https://www.toby.health/" href="https://www.toby.health/" title="Visit Toby’s homepage">Toby.health</a>.<h3>About TOBY, Inc.:</h3>TOBY, inspired by Sherlock Holmes's Bloodhound, is a BioTech startup focused on the early detection of cancer utilizing spectroscopy and Artificial Intelligence. TOBY has developed a single urine test that detects 10 cancers, representing over 60% of all new cases globally. This test identifies the unique molecular signature of cancer by combining the precision of spectroscopy, changes in biomarkers (VOCs), and cutting-edge computational algorithms to deliver early, easy, and affordable cancer screening.SOURCE TOBY, Inc.Media Contact: <a data-mce-href="mailto:Press@Toby.health" href="mailto:Press@Toby.health" title="Email the TOBY press team">Press@Toby.health</a>Investor Contact: <a data-mce-href="mailto:Investors@toby.health" href="mailto:Investors@toby.health" title="Email the TOBY investor team">Investors@Toby.health</a>

A Medicare Pathway for Multi-Cancer Early Detection

TOBY has been selected by the American Urological Association (AUA) to present at the 2026 AUA Innovation Nexus Forum, taking place on May 14, 2026, in Washington, DC.The AUA selected 43 innovative companies from around the world to participate in the Forum’s Innovation Nexus Showcase, the centerpiece of the event. The selected group spans every stage of development, from pre-seed and early concept companies to post–Series A ventures, and reflects a wide range of technologies shaping the future of urologic care.Formerly known as the Innovation Nexus Conference, the reimagined Forum serves as the foundation of the AUA’s broader Innovation Nexus Ecosystem, an initiative focused on accelerating innovation in urology. The Forum is designed to bring together startups, clinicians, investors, and industry leaders in a highly interactive setting that emphasizes meaningful dialogue, collaboration, and real-world impact.TOBY’s participation underscores growing interest in new, non-invasive approaches to disease detection and risk assessment within urology. At the Forum, TOBY will join fellow innovators in sharing its work as part of the Innovation Nexus Showcase and engaging with leaders across the urologic ecosystem.More information about the 2026 AUA Innovation Nexus Forum and the selected innovators is available via the <a data-mce-href="https://www.auanet.org/about-us/media-center/press-center/aua-selects-43-innovators-for-2026-innovation-nexus-forum" href="https://www.auanet.org/about-us/media-center/press-center/aua-selects-43-innovators-for-2026-innovation-nexus-forum" title="AUA press release on 2026 Innovation Nexus Forum selections" target="_blank" rel="noopener">AUA announcement</a>. To learn more, visit <a data-mce-href="https://www.toby.health/" href="https://www.toby.health/" title="Visit Toby’s homepage">Toby.health</a>.<h3>About TOBY, Inc.:</h3>TOBY, inspired by Sherlock Holmes's Bloodhound, is a BioTech startup focused on the early detection of cancer utilizing spectroscopy and Artificial Intelligence. TOBY has developed a single urine test that detects 10 cancers, representing over 60% of all new cases globally. This test identifies the unique molecular signature of cancer by combining the precision of spectroscopy, changes in biomarkers (VOCs), and cutting-edge computational algorithms to deliver early, easy, and affordable cancer screening.SOURCE TOBY, Inc.Media Contact: <a data-mce-href="mailto:Press@Toby.health" href="mailto:Press@Toby.health" title="Email the TOBY press team">Press@Toby.health</a>Investor Contact: <a data-mce-href="mailto:Investors@toby.health" href="mailto:Investors@toby.health" title="Email the TOBY investor team">Investors@Toby.health</a>

TOBY Selected to Present at AUA 2026 Innovation Nexus Forum

BOSTON, Sept. 2, 2025 /<a data-mce-href="https://www.prnewswire.com/news-releases/toby-appoints-healthcare-industry-leader-dan-collins-as-advisor-to-the-board-302614739.html?tc=eml_cleartime" href="https://www.prnewswire.com/news-releases/toby-appoints-healthcare-industry-leader-dan-collins-as-advisor-to-the-board-302614739.html?tc=eml_cleartime" title="View official press release on PR Newswire" target="_blank" rel="noopener">PRNewswire</a>/ -- TOBY, Inc., a pioneer in non-invasive multi-cancer early detection, today announced the appointment of Dan Collins as Advisor to the TOBY Board of Directors. "The success of Dan Collins scaling global health enterprises and transforming cancer care aligns perfectly with TOBY's mission to make early cancer detection accessible to everyone," said Matthew Laskowski, Founder &amp; CEO of TOBY. "We're excited to have Dan join our team at such a pivotal moment in our growth." Collins is a globally recognized healthcare and technology entrepreneur, investor, and former CEO with over 25 years of leadership experience. As Founder and former Chief Executive Officer of GenesisCare, he grew a single Brisbane, Australia, cardiology clinic into one of the world's largest integrated oncology and cardiology networks. Under his leadership, GenesisCare grew to serve over 400,000 patients annually across more than 350 locations worldwide and reaching a $5 billion enterprise value at U.S. market entry. At TOBY, Collins will advise the Board of Directors and executive leadership on corporate growth, fundraising, commercialization, and strategic partnerships as the company advances its urine-based volatile organic compound (VOC) test for early multi-cancer detection, designs future studies, and prepares for its next stage of expansion. "TOBY's science and vision align with everything I value in healthcare innovation," said Collins. "The company's urine-based VOC platform has the potential to transform how cancer is detected and managed. I'm looking forward to supporting the team as they bring this important technology to patients worldwide and enhance care outcomes." Across his career, Collins has built and scaled global healthcare ventures spanning oncology, cardiovascular disease, diagnostics, precision medicine and digital health. He has extensive experience in Capital Raising, Merger &amp; Acquisitions, Government Public Private Partnerships, commercializing technology and more recently, Artificial Intelligence applications in healthcare. With Collins' appointment, TOBY continues to strengthen its leadership team and governance as it progresses towards commercialization. To learn more, visit <a data-mce-href="https://www.toby.health/" href="https://www.toby.health/" title="Visit Toby’s homepage">Toby.health</a>. <h3>About TOBY, Inc.:</h3>TOBY, inspired by Sherlock Holmes's Bloodhound, is a BioTech startup focused on the early detection of cancer utilizing spectroscopy and Artificial Intelligence. TOBY has developed a single urine test that detects 10 cancers, representing over 60% of all new cases globally. This test identifies the unique molecular signature of cancer by combining the precision of spectroscopy, changes in biomarkers (VOCs), and cutting-edge computational algorithms to deliver early, easy, and affordable cancer screening.SOURCE TOBY, Inc.Media Contact: <a href="mailto:Press@Toby.health" data-mce-href="mailto:Press@Toby.health" title="Email the TOBY press team">Press@Toby.health</a>Investor Contact: <a data-mce-href="mailto:Investors@toby.health" href="mailto:Investors@toby.health" title="Email the TOBY investor team">Investors@Toby.health</a>

TOBY Appoints Healthcare Industry Leader Dan Collins as Advisor to the Board

BOSTON, Sept. 2, 2025 /<a data-mce-href="https://www.prnewswire.com/news-releases/toby-appoints-healthcare-leader-matthew-collier-as-independent-director-302543833.html" href="https://www.prnewswire.com/news-releases/toby-appoints-healthcare-leader-matthew-collier-as-independent-director-302543833.html" title="View official press release on PR Newswire" target="_blank" rel="noopener">PRNewswire</a>/ -- TOBY, Inc., a leader in noninvasive multi-cancer early detections, has appointed Matthew Collier to the TOBY Board of Directors as an independent director. "Matthew Collier's strategic experience and vision for healthcare innovation will be an invaluable asset to TOBY as we accelerate our path to market," said Matthew Laskowski, CEO of TOBY. "His leadership across digital health and commercial strategy will help guide our mission to transform cancer screening worldwide." Collier brings over three decades of leadership in digital health, strategy, and life sciences. He currently serves as President and Chief Commercial Officer of Otonoma, where he is spearheading the commercialization of the world's first secure distributed intelligence network in partnership with Accenture and Nvidia. "I've spent my career at the intersection of healthcare, technology, and transformation, and I believe TOBY represents the next wave of innovation in early cancer detection," said Collier. "The opportunity to bring noninvasive, accessible testing to millions of people is not only disruptive, but also profoundly important in our fight against cancer. I look forward to supporting the team as they scale this breakthrough approach." As an independent director, Collier will provide objective oversight and strategic guidance as TOBY advances its groundbreaking technology toward commercialization. He joins a board that includes accomplished leaders in science, technology, and healthcare: TOBY Board of Directors: <ul><li>Matthew Laskowski, CEO, TOBY, Inc.</li><li>Dragan Sebisanovic, CSO, TOBY, Inc.</li><li>John Leggett, Director, Osterbury Capital LLC</li><li>Joseph Hanssen, Director, Osterbury Capital LLC</li><li>Matthew Collier, Independent Director</li></ul>Throughout his career, Collier has raised more than $500 million in private equity and venture capital and previously served as CEO of Sutherland Healthcare Solutions, where he led a successful turnaround resulting in double-digit growth through AI-enabled digital platforms. He has also held senior positions at Accenture, Bain &amp; Company, Satiety, Inc., Avocet Medical, McKinsey &amp; Company and has worked extensively in North America, Europe, China, and Asia Pacific. Collier holds an MBA from Northwestern University's Kellogg School of Management and a BS in Mechanical Engineering from Stanford University. To learn more, visit <a data-mce-href="https://www.toby.health/" href="https://www.toby.health/" title="Visit Toby’s homepage">Toby.health</a>. <h3>About TOBY, Inc.:</h3>TOBY, inspired by Sherlock Holmes's Bloodhound, is a BioTech startup focused on the early detection of cancer utilizing spectroscopy and Artificial Intelligence. TOBY has developed a single urine test that detects 10 cancers, representing over 60% of all new cases globally. This test identifies the unique molecular signature of cancer by combining the precision of spectroscopy, changes in biomarkers (VOCs), and cutting-edge computational algorithms to deliver early, easy, and affordable cancer screening.SOURCE TOBY, Inc.Media Contact: <a href="mailto:Press@Toby.health" data-mce-href="mailto:Press@Toby.health" title="Email the TOBY press team">Press@Toby.health</a>Investor Contact: <a data-mce-href="mailto:Investors@toby.health" href="mailto:Investors@toby.health" title="Email the TOBY investor team">Investors@Toby.health</a>

TOBY Appoints Healthcare Leader Matthew Collier as Independent Director

BOSTON, June 23, 2025 /<a data-mce-href="https://www.prnewswire.com/news-releases/toby-completes-nashville-entrepreneur-centers-project-healthcare-accelerator-302505797.html?tc=eml_cleartime" href="https://www.prnewswire.com/news-releases/toby-completes-nashville-entrepreneur-centers-project-healthcare-accelerator-302505797.html?tc=eml_cleartime" title="View official press release on PR Newswire" target="_blank" rel="noopener" data-mce-selected="inline-boundary">PRNewswire</a>/ -- TOBY, Inc., a leader in noninvasive multi-cancer detection, has successfully completed the Nashville Entrepreneur Center’s Project Healthcare accelerator. This four-month program, known for its deep integration with Nashville’s healthcare ecosystem, provided TOBY with strategic mentorship, industry connections, and access to key stakeholders, enhancing its readiness for market entry.Project Healthcare, now in its seventh year, is designed to support high-growth healthcare startups by offering a tailored curriculum and connections to Nashville's extensive network of healthcare organizations, including seven of the nation's largest health systems. As an HCA Healthcare Scholar in the cohort, TOBY's participation in this program has been influential in refining its go-to-market strategy and expanding its network within the healthcare industry."Project Healthcare provided us with access to healthcare leaders and insights that have been critical in shaping our commercialization strategy," said Matthew Laskowski, CEO of TOBY. "The program's emphasis on real-world application and industry immersion has positioned us to effectively bring our innovative cancer detection solution to the market."TOBY's platform utilizes advanced gas chromatography–mass spectrometry and proprietary AI models to analyze volatile organic compounds (VOCs) in urine, enabling the detection of multiple cancers with high sensitivity and specificity. This noninvasive approach offers a patient-friendly alternative to traditional screening methods."TOBY is exactly the kind of company we seek to enroll in Project Healthcare. Matthew and his team leveraged our resources and curriculum to further the success they had already built prior to working with us," said Sam Davidson, chief executive officer, Nashville Entrepreneur Center. "We're excited to see where they go next as they continue to innovate within the industry."With the completion of Project Healthcare, TOBY is poised to advance its clinical validation studies and submissions, bringing its innovative cancer detection solution closer to widespread clinical adoption.In addition to Project Healthcare, TOBY participated in the MassChallenge U.S. Early Stage Accelerator and the LifeX Life Sciences Commercialization Accelerator. The company also earned the Massachusetts AI Health Innovation Grant, where the Cambridge Innovation Center (CIC) assisted in software development efforts, was selected for McDermott Will &amp; Emery’s competitive LEAP Program, and won first prize at ADLM 2024, placing it first among nearly 100 biotech startups.To learn more, visit <a data-mce-href="http://www.toby.health" href="http://www.toby.health" title="Visit Toby’s homepage">Toby.health</a>.<h3>About TOBY, Inc.:</h3>TOBY, inspired by after Sherlock Holmes’s Bloodhound, is a BioTech startup focused on the early detection of cancer utilizing spectroscopy and Artificial Intelligence. TOBY has developed a single urine test that detects 10 cancers, representing over 60% of all new cases globally. This test identifies the unique molecular signature of cancer by combining the precision of spectroscopy, changes in biomarkers (VOCs), and cutting-edge computational algorithms to deliver early, easy, and affordable cancer screening.SOURCE TOBY, Inc.Media Contact: <a data-mce-href="mailto:Press@Toby.health" href="mailto:Press@Toby.health" title="Email the TOBY press team">Press@Toby.health</a>Investor Contact: <a data-mce-href="mailto:Investors@toby.health" href="mailto:Investors@toby.health" title="Email the TOBY investor team">Investors@Toby.health</a>

TOBY Completes Nashville Entrepreneur Center’s Project Healthcare Accelerator

BOSTON, June 30, 2025 /<a data-mce-href="https://www.prnewswire.com/news-releases/fda-grants-breakthrough-device-designation-to-tobys-ai-powered-urine-test-for-early-bladder-cancer-detection-302493602.html" href="https://www.prnewswire.com/news-releases/fda-grants-breakthrough-device-designation-to-tobys-ai-powered-urine-test-for-early-bladder-cancer-detection-302493602.html" title="View official press release on PR Newswire" target="_blank" rel="noopener">PRNewswire</a>/ -- TOBY, Inc., a biotech startup advancing non-invasive cancer detection through urine-based volatilomics and Artificial Intelligence, announced today the U.S. Food and Drug Administration (FDA) has granted Breakthrough Device Designation for its TOBY Test for Bladder Cancer."This designation validates the potential of our one-step urine test to detect bladder cancer at its most treatable stage," said Matthew Laskowski, chief executive officer of TOBY. "We now have a unique opportunity to work more closely with the FDA, accelerate our clinical development, and make early, accessible, and affordable cancer screening a reality."Bladder cancer is the sixth most common cancer in the U.S. yet remains one of the costliest to manage due to its high recurrence and reliance on invasive surveillance tools like cystoscopy. TOBY's test provides a painless, low-cost alternative—analyzing volatile organic compounds (VOCs) in a single urine sample using gas chromatography–mass spectrometry and proprietary AI to generate a real-time cancer risk score.The FDA's Breakthrough Devices Program offers more frequent interactions with FDA and prioritized submission review for technologies that provide significant advantages over current standards of care."This milestone is a leap forward not only for TOBY but for the patients and clinicians we aim to serve," said Laskowski. "We founded TOBY to uncover what conventional methods often miss. With FDA's support, we're one step closer to making early cancer detection effortless and accessible for everyone."TOBY is also preparing for multi-cancer clinical studies to validate the platform's accuracy, generalizability, and clinical value—laying the groundwork for large-scale screening based on VOC biomarkers and AI.To learn more, visit <a data-mce-href="http://www.toby.health" href="http://www.toby.health">Toby.health</a>.<h3>About TOBY, Inc.:&nbsp;</h3>Founded in 2023 and named after Sherlock Holmes's trusted bloodhound, TOBY is pioneering urine-based cancer screening using volatilomics and artificial intelligence. Its platform is designed to detect more than ten cancers from a single non-invasive sample—representing over 60% of global cancer cases. TOBY's mission is to make early detection routine, accessible, and precise. SOURCE TOBY, Inc. Media Contact: <a data-mce-href="mailto:Press@Toby.health" href="mailto:Press@Toby.health" title="Email the TOBY press team">Press@Toby.health</a>Investor Contact: <a data-mce-href="mailto:Investors@toby.health" href="mailto:Investors@toby.health" title="Email the TOBY investor team">Investors@Toby.health</a>

FDA Grants Breakthrough Device Designation to TOBY's AI-Powered Urine Test for Early Bladder Cancer Detection

TOBY

TOBY is a diagnostics platform using VOC analysis, spectroscopy, and AI to deliver early, noninvasive disease detection. Our first application, TOBY Oncology, is developing a simple urine test for early cancer detection.

News

A Medicare Pathway for Multi-Cancer Early Detection

TOBY Selected to Present at AUA 2026 Innovation Nexus Forum

TOBY Appoints Healthcare Industry Leader Dan Collins as A...

TOBY Appoints Healthcare Leader Matthew Collier as Indepe...

TOBY Completes Nashville Entrepreneur Center’s Project He...

FDA Grants Breakthrough Device Designation to TOBY's AI-P...