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NeoGenomics to Participate in the 44th Annual J.P. Morgan Healthcare Conference
Businesswire· 2026-01-05 12:05
Core Viewpoint - NeoGenomics, Inc. will participate in the 44th Annual J.P. Morgan Healthcare Conference, highlighting its role as a leading provider of oncology diagnostic solutions [1][2]. Company Overview - NeoGenomics, Inc. specializes in cancer genetics testing and information services, offering a comprehensive oncology-focused testing menu across the cancer continuum [3]. - The company serves a diverse clientele, including oncologists, pathologists, hospital systems, academic centers, and pharmaceutical firms, providing innovative diagnostic and predictive testing to aid in cancer diagnosis and treatment [3]. - Headquartered in Fort Myers, Florida, NeoGenomics operates a network of CAP-accredited and CLIA-certified laboratories for full-service sample processing and analysis throughout the United States, as well as a CAP-accredited laboratory in Cambridge, United Kingdom [3].
iMDx Prepares for U.S. Commercial Launch of GraftAssureDx as Clinical Trial Nears Completion
Globenewswire· 2026-01-05 12:00
Core Insights - Insight Molecular Diagnostics Inc. (iMDx) is preparing for its FDA submission of the GraftAssureDx™ test kit, with 95% of the submission work completed, including product design and technical transfer to manufacturing [3][4][7] - The company aims to enhance organ health testing for kidney transplant patients, targeting a market exceeding $1 billion for transplant rejection testing [2][7] - iMDx is also advancing its regulatory submissions in Europe, expecting to submit for CE mark and EU IVDR in the first half of 2026 after successful audits [4][7] Regulatory Submission Progress - The FDA submission for GraftAssureDx™ is nearly complete, with remaining tasks focused on quality control for newly developed software [3][4] - iMDx has made significant progress in regulatory compliance, positioning itself for market access in Europe following successful audits by TÜV SÜD [4][7] Market Engagement and Expansion - iMDx has engaged 20 global transplant centers, including its first Canadian site, to utilize GraftAssure™ technology [6][7] - The company is driving clinical community engagement through pilot programs and a novel registry, with 17 U.S. transplant centers planning to send samples in 2026 [5][10][7] Clinical Innovation and Research - The GraftAssureCore registry study aims to establish the clinical utility of dd-cfDNA testing, with a target of engaging 50 U.S. transplant centers [9] - iMDx's technology quantifies donor-derived cell-free DNA (dd-cfDNA), which is recognized as a reliable biomarker for transplant rejection [11]
Veracyte to Participate in the 44th Annual J.P. Morgan Healthcare Conference
Businesswire· 2025-12-29 21:30
Core Viewpoint - Veracyte, Inc. will present at the 44th Annual J.P. Morgan Healthcare Conference on January 15, 2026, at 9:45 a.m. Pacific Time [1] Group 1: Company Overview - Veracyte is a leading global diagnostics company focused on transforming cancer care for patients worldwide [3] - The company empowers clinicians with high-value insights to guide patients during critical moments in cancer diagnosis and treatment [3] - Veracyte's Diagnostics Platform offers high-performing cancer tests supported by extensive genomic and clinical data, advanced bioinformatics, AI capabilities, and a robust evidence-generation engine [3] Group 2: Presentation Details - Live audio webcasts of the company's presentations will be accessible on Veracyte's website [2] - A replay of the webcast will be available for 30 days after the live broadcast concludes [2]
What You Need to Know Ahead of Abbott Laboratories' Earnings Release
Yahoo Finance· 2025-12-26 11:26
Core Insights - Abbott Laboratories (ABT) is valued at a market cap of $217 billion and operates in the healthcare sector, focusing on medical devices, diagnostics, nutrition products, and branded generic pharmaceuticals [1] Financial Performance - Analysts expect ABT to report a profit of $1.50 per share for fiscal Q4 2025, reflecting an 11.9% increase from $1.34 per share in the same quarter last year [2] - For the current fiscal year ending in December, ABT is projected to report a profit of $5.15 per share, up 10.3% from $4.67 per share in fiscal 2024, with an expected EPS growth of 9.9% year-over-year to $5.66 in fiscal 2026 [3] Stock Performance - Over the past 52 weeks, ABT shares have gained 8.8%, underperforming the S&P 500 Index's 14.8% return and the State Street Health Care Select Sector SPDR ETF's 11.8% increase [4] - On October 15, ABT shares fell by 2.9% following mixed Q3 earnings results, with net sales increasing 6.9% year-over-year to $11.4 billion but missing consensus estimates due to a decline in the diagnostic products segment [5] Analyst Ratings - Wall Street analysts maintain a "Strong Buy" rating for ABT, with 19 out of 27 analysts recommending "Strong Buy," two suggesting "Moderate Buy," and six indicating "Hold." The mean price target for ABT is $146.69, suggesting a 17.5% potential upside from current levels [6]
FLGT to Acquire Bako & StrataDx Assets to Expand Pathology Platform
ZACKS· 2025-12-23 18:36
Core Insights - Fulgent Genetics, Inc. (FLGT) has agreed to acquire selected assets of Bako Diagnostics and StrataDx for a total of $55.5 million, with the transaction expected to close in the first half of 2026 [1][7] - The acquisition aims to enhance Fulgent's laboratory services platform, particularly in anatomic pathology and dermatopathology, thereby expanding its customer base and sales team [1][4] Company Strategy - Fulgent has been experiencing double-digit growth for several quarters, and the acquisition aligns with its long-term strategy to scale its laboratory services business [2] - The integration of AI technology and digital pathology infrastructure is expected to improve efficiency and test quality in the pathology testing market [2][8] Market Performance - Following the acquisition announcement, FLGT shares increased by 0.1%, with a 43% rise over the past six months, significantly outperforming the industry growth of 5.6% and the S&P 500's 17% increase [3] Expansion and Synergies - The acquisition will allow Fulgent to offer new tests, expand insurance coverage, and increase its national customer base, positioning it as a comprehensive diagnostics provider [4][10] - Bako's advanced molecular and PCR-based tests, along with StrataDx's dermatopathology expertise, will support Fulgent's growth and margin expansion in the pathology testing market [4][9] Digital Pathology Market Outlook - The digital pathology market is projected to reach $1.28 billion by 2025, with a CAGR of 8.05% through 2034, driven by factors such as AI-based disease screening and improved patient outcomes [11]
Trinity Biotech Announces Agreements to Strengthen Capital Structure and Support Growth Initiatives
Globenewswire· 2025-12-23 13:50
Core Viewpoint - Trinity Biotech plc has entered into agreements with Perceptive Advisors to enhance its financial flexibility and optimize its capital structure, supporting ongoing and future growth projects [1][2]. Financial Capacity and Operational Flexibility - The transactions strengthen Trinity Biotech's financial capacity and operational flexibility, enabling continued investment in strategic growth priorities and reinforcing its ability to deliver advanced diagnostic and diabetes management solutions [2][3]. - The agreements position Trinity Biotech to advance its long-term growth agenda while supporting a reduction in overall debt levels [2]. Overview of the Transactions - The agreements reflect a positive relationship between Trinity Biotech and Perceptive Advisors, underscoring their support for the Company's strategy and operational momentum [3]. Financial Summary - The Second Amendment to the Credit Agreement extends the maturity to early 2027 and provides increased near-term funding [6]. - New term-loan proceeds of $5 million will strengthen liquidity for key strategic development initiatives, including the continuous glucose monitoring solution, CGM+ [7]. - Up to $60 million in elective equitization capacity under the term-loan may allow for significant debt and cash interest cost reductions [7]. - Equity settlement mechanisms for milestone payments and contingent obligations are designed to reduce cash requirements [7]. Management Commentary - The CEO of Trinity Biotech stated that these developments place the company in a stronger strategic position to accelerate its innovation agenda, particularly in diabetes management and diagnostics [8].
BioMark Diagnostics Advances Commercialization Strategy by Initiating ISO 15189 Accreditation Program
TMX Newsfile· 2025-12-23 13:30
Core Insights - BioMark Diagnostics Inc. has initiated its ISO 15189 accreditation program with the Standards Council of Canada for its medical laboratory in Quebec City, marking a significant step towards commercial operations in cancer diagnostics [1][2][3] Group 1: Accreditation Process - The accreditation process officially began on December 19, 2025, with expectations for a formal site visit by SCC auditors in early 2026 [1][2] - Engaging the Standards Council of Canada as the accrediting agency ensures that BioMark's laboratory operations will meet high international standards [2] Group 2: Strategic Importance - Achieving ISO 15189 certification is crucial for BioMark's transition from research and development to a commercial-stage diagnostic company, facilitating access to global markets and reducing regulatory bottlenecks [3] - The company plans to pursue additional accreditations, including CLIA and CAP, to enable service in the U.S. cancer diagnostic market with its Laboratory Developed Tests (LDTs) [4] Group 3: Company Vision and Technology - BioMark specializes in liquid biopsy technologies that utilize metabolomics and machine learning algorithms for early cancer detection, aiming to improve patient outcomes through earlier diagnosis [6] - The company is committed to developing innovative diagnostic solutions to address unmet medical needs in oncology, enhancing its position as a trusted provider of clinical diagnostic solutions [4][6]
Trinity Biotech Awarded a Major Order for 9 Million TrinScreen HIV Tests
Globenewswire· 2025-12-23 12:32
Core Insights - Trinity Biotech has received a significant order for 9 million units of its TrinScreen HIV screening product, indicating a recovery in the global HIV testing market [1][2][4] - The company achieved positive Adjusted EBITDA in Q3 2025 and anticipates further profitability growth in Q1 and Q2 2026 through its Comprehensive Transformation Plan [1][8][10] TrinScreen HIV Order - The order reflects renewed commitment from global health organizations to support HIV screening, particularly in heavily affected regions [2] - TrinScreen HIV is a WHO-prequalified rapid diagnostic test designed for high-volume screening, providing reliable results in various clinical settings [2] Manufacturing and Supply Chain - Trinity Biotech will produce the tests through a WHO-approved outsourced manufacturing process, allowing for efficient scalability [3] - The company expects to fulfill the order in Q4 2025 and Q1 2026, adjusting its manufacturing and supply chain to meet increased demand [3] Financial Performance - Revenues for Q3 2025 increased by 32% to $14.3 million compared to $10.8 million in Q2 2025, driven by a $2.1 million increase in rapid HIV test sales and a rise in haemoglobin product sales [8] - Gross profit for Q3 2025 was $6.5 million, with an increase in gross margin from 42.6% to 45.2% due to operational changes [8] - Adjusted EBITDA for Q3 2025 was $0.5 million, a significant improvement from negative $2.1 million in Q2 2025 [8] Strategic Positioning - The order is expected to positively impact revenue and profitability, highlighting the company's strategic position in the global infectious disease diagnostics market [4] - The company is focused on immediate growth opportunities and expanding into international markets with new product offerings [7][14] Management Transition - Susan O'Connor has completed her term as interim Chief Financial Officer, with Paul Murphy promoted to the role [10]
Innovating Diagnostics and What's Next
Prnewswire· 2025-12-18 14:17
Core Insights - QuidelOrtho Corporation is at the forefront of in vitro diagnostics, focusing on innovative solutions that enhance patient care [1][7] - The latest podcast episode discusses transformative diagnostic technologies that are reshaping patient management and outcomes [2][3] Diagnostic Innovations - High-sensitivity troponin testing is enabling faster diagnosis and treatment for cardiac patients, improving care efficiency [5] - Non-invasive assays are being developed to enhance gastrointestinal health, reducing the need for invasive procedures [5] - Rapid combination tests are assisting clinicians in effectively managing respiratory surges, streamlining patient care [5] - Advances in molecular diagnostics, informatics, and artificial intelligence are facilitating more personalized and smarter healthcare solutions [5] Research and Development - QuidelOrtho's R&D strategies are focused on addressing global healthcare challenges through innovative diagnostic solutions [5][7] - Collaboration and cutting-edge research are key drivers behind the diagnostic breakthroughs that empower clinicians worldwide [3]
OraSure Technologies Issues Statement Regarding Altai Capital's Intent to Nominate Director Candidates
Globenewswire· 2025-12-17 18:23
Core Viewpoint - OraSure Technologies, Inc. is facing a potential board nomination challenge from Altai Capital, which intends to nominate two candidates for the Board of Directors at the 2026 Annual Meeting of Stockholders [1][5]. Group 1: Board Composition and Shareholder Engagement - The OraSure Board and management are focused on shareholder value creation and have engaged in discussions with Altai Capital regarding board composition [2][3]. - The Board has undergone significant refreshment over the past three years, with seven directors departing and three new independent directors added, including Steven K. Boyd in October 2025 [3]. - The Board has offered to engage further with Altai Capital, but Altai has not accepted these invitations [2]. Group 2: Strategic Initiatives and Financial Position - OraSure is executing a strategy to decentralize diagnostics and improve performance, including a $40 million share repurchase program initiated earlier this year [4]. - The company maintains a strong cash position with $216 million on the balance sheet as of September 30, 2025, and has no debt [7]. - OraSure is consolidating operations and insourcing manufacturing to improve margins while exiting unprofitable business lines [7]. Group 3: Future Plans and Product Development - The company is advancing its innovation roadmap with anticipated FDA submissions for new diagnostic products, including the Sherlock rapid molecular self-test and HEMAcollect PROTEIN blood collection tube [7]. - OraSure aims to strengthen its portfolio and focus on high-growth opportunities across diagnostics and sample management solutions [7].