Why the Stock Price of This Cancer Screening Company Soared 17% Thursday

Core Insights - Exact Sciences Corp. is being acquired by Abbott Laboratories for approximately $21 billion, with Abbott offering $105 per share to Exact Sciences' shareholders [2][8] - The U.S. cancer screening and precision oncology diagnostics market is valued at around $60 billion, with Exact Sciences reporting $851 million in revenue for Q3 and raising its full-year revenue forecast to between $3.22 billion and $3.235 billion [3][8] Company Overview - Exact Sciences specializes in cancer screening products, including Cologuard, and is expected to generate about $3 billion in revenue this year [8] - The company's shares rose 17% to just under $101, marking a significant increase of roughly 80% since the beginning of 2025 [9] Industry Context - The global cancer screening market was estimated to be worth over $100 billion last year, projected to grow at an annual rate of 6% to 8% due to increasing cancer diagnoses [6] - Approximately 2 million people in the U.S. and 20 million globally are diagnosed with cancer each year, driving demand for innovative cancer screening solutions [6]