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Foresight Diagnostics and QIAGEN Announce Strategic Partnership to Advance Development of Companion Diagnostic Kits for Lymphoma
Prnewswire· 2025-06-02 17:00
Core Insights - Foresight Diagnostics has announced a strategic partnership with QIAGEN to develop a kit-based version of its CLARITY™ assay for minimal residual disease (MRD) detection in hematological malignancies [1][2][3] - The collaboration aims to create a standardized, regulated diagnostic kit that will be the only ctDNA-based MRD assay available for both central laboratory service and as a diagnostic kit [2][3] - This partnership is expected to enhance QIAGEN's leadership in oncology and facilitate the use of MRD insights for personalized treatment decisions in cancer patients [3] Company Overview - Foresight Diagnostics is a privately held cancer diagnostics company specializing in ultra-sensitive MRD detection with its CLARITY™ assay, which has detection limits in parts per million [4] - The CLARITY™ assay provides actionable information for personalized treatment approaches for patients with solid tumors and hematologic malignancies [4]
Here's Why QuidelOrtho (QDEL) is a Strong Growth Stock
ZACKS· 2025-06-02 14:51
Company Overview - QuidelOrtho Corporation, based in San Diego, CA, specializes in in-vitro diagnostics technologies for point-of-care settings, clinical labs, and transfusion medicine [11] - The company sells products directly to end users and distributors for professional use in various healthcare settings, including hospitals, clinical laboratories, and pharmacies [11] Investment Potential - QuidelOrtho is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of A, indicating strong potential for growth [12] - The company has a Growth Style Score of A, forecasting a year-over-year earnings growth of 27% for the current fiscal year [12] - Recent upward revisions in earnings estimates by analysts have led to an increase in the Zacks Consensus Estimate to $2.35 per share, reflecting a positive outlook [12] - QuidelOrtho has demonstrated an average earnings surprise of 70.8%, suggesting strong performance relative to expectations [12] Summary of Style Scores - The VGM Score combines value, growth, and momentum characteristics, making it a comprehensive indicator for assessing stocks [6] - The Growth Style Score focuses on a company's financial strength and future outlook, which is particularly relevant for QuidelOrtho given its projected earnings growth [4] - The combination of a solid Zacks Rank and high Style Scores positions QuidelOrtho as a noteworthy option for investors [13]
ASU, Labcorp, and InStride announce first-of-its-kind diagnostics industry partnership that tackles critical healthcare workforce shortage
GlobeNewswire News Room· 2025-06-02 11:00
Core Insights - InStride has facilitated a partnership between Arizona State University (ASU) and Labcorp to launch a Master of Science in Cytology, addressing a critical shortage of cytotechnologists in the U.S. [1][2] - The program aims to provide accessible, high-quality training to meet the growing demand for cytotechnologists, with the first cohort starting in January 2025 [1][5]. Group 1: Partnership and Program Development - The collaboration was initiated at InStride's annual IMPACT summit, where leaders from ASU and Labcorp recognized the urgent need for trained cytotechnologists [3]. - The program was developed in just six months, showcasing the ability of universities to respond quickly to industry workforce needs [2][4]. Group 2: Educational Approach and Accessibility - The program combines ASU's online education expertise with hands-on clinical training, making cytology education available nationwide, unlike traditional programs concentrated in specific regions [5]. - Future expansions will allow enrollment beyond Labcorp employees and introduce undergraduate and certificate pathways in laboratory medicine [5]. Group 3: Industry Impact and Workforce Solutions - This partnership provides Labcorp with a scalable education solution to address workforce needs while offering clinical lab professionals a flexible pathway to advance their careers [6]. - Cytology is crucial for cancer screening and diagnosis, and the collaboration enables Labcorp employees to stay updated with advancements in diagnostic testing [7].
SERA PROGNOSTICS TO PARTICIPATE IN UPCOMING INVESTOR CONFERENCES
Prnewswire· 2025-05-29 12:30
SALT LAKE CITY, May 29, 2025 /PRNewswire/ -- Sera Prognostics Inc., The Pregnancy Company® (Nasdaq: SERA), focused on improving maternal and neonatal health by providing innovative pregnancy biomarker information to doctors and patients, today announced that members of the Sera team will participate in the following upcoming investor conferences:William Blair 45th Annual Growth Stock ConferenceDate: June 3 – 5, 20251X1 Meetings OnlyDoug Fisher, M.D., Strategic Advisor to Sera and former Chief Business Offic ...
Myriad Genetics Highlights New Research Advancements and Oncology Innovations at 2025 ASCO Annual Meeting
Globenewswire· 2025-05-27 20:05
Core Insights - Myriad Genetics will present data from seven new research studies at the 2025 ASCO Annual Meeting, focusing on Molecular Residual Disease (MRD) clinical outcomes from the MONSTAR-SCREEN-3 study [1][3] - The company emphasizes its commitment to advancing precision oncology through its comprehensive portfolio of genetic and tumor genomic testing solutions [1][3][7] MRD Studies - An oral abstract titled "Ultra-sensitive pan-cancer molecular residual disease assessment using whole-genome sequencing-based personalized ctDNA panel" will be presented, showcasing successful ctDNA detection across over 100 patients with a baseline detection rate of 100% [2] - The interim results indicate the ability to detect tumor fractions as low as 0.0001% and provide a lead time in detecting recurrence compared to imaging [2] Myriad Oncology Portfolio - Myriad Oncology will unveil a new brand identity at the ASCO meeting, highlighting its streamlined approach to germline testing, tumor profiling, and companion diagnostic testing [4] - Upcoming product innovations include the integration of Myriad's oncology portfolio with Flatiron's OncoEMR and Epic cloud-based platforms, enhancing workflow for clinicians [6] Product Innovations - The Precise MRD test, based on whole genome sequencing, is designed to monitor tumor-specific variants and is expected to launch commercially in 2026 [11] - The Prolaris Prostate Cancer Prognostic Test, utilizing AI technology, is anticipated to launch in early 2026, providing clinicians with data-driven insights for treatment decisions [11] - An expanded MyRisk Gene Panel is set to launch later this year, incorporating more clinically actionable genes based on national guidelines [11]
HOLX vs. DGX: Which Women's Health-Focused Stock Is the Better Pick?
ZACKS· 2025-05-27 13:25
Core Insights - The women's health diagnostics market is projected to grow at a compound annual growth rate (CAGR) of 9.25% through 2030, driven by technological advancements and increased healthcare expenditures [1] - Hologic and Quest Diagnostics are key players in the women's health sector, each with distinct specializations and market strategies [2][3] Hologic Overview - Hologic, with a market cap of $12.10 billion, focuses on advanced diagnostics, medical imaging, and surgical products, benefiting from multiple growth drivers across its global franchises [2][4] - Key products include Aptima and Panther Fusion assays, which are experiencing strong double-digit growth due to rising awareness and reimbursement in the U.S. vaginitis market [4] - The Genius Digital Diagnostics System, the first FDA-cleared digital cytology system for cervical cancer screening, is gaining traction, although international sales were impacted by external factors [5] - Hologic's mammography products maintain leading market shares, with recurring service revenues increasing by 12% year-over-year [6] - The Surgical business is performing well, but macroeconomic challenges, including tariffs, are expected to impact manufacturing costs significantly [7] Quest Diagnostics Overview - Quest Diagnostics, with a market cap of $19.12 billion, is experiencing strong growth in Women's and Reproductive Health, driven by prenatal and hereditary genetic testing [2][8] - The company launched a new self-collection solution for HPV cervical cancer screening, enhancing its diagnostic offerings [8] - Other clinical areas, including cardiometabolic and oncology, also reported double-digit growth, contributing to a 12% year-over-year revenue increase [9][10] - Quest completed eight acquisitions in 2024, positively impacting sales and adjusted operating income, with a notable growth in adjusted EPS of 8.3% [11] - The company is leveraging automation and AI to improve productivity, while maintaining its revenue and EPS guidance despite rising debt levels [12] Financial Estimates and Performance - Hologic's fiscal 2025 sales and EPS estimates suggest a year-over-year improvement of 1.2% and 3.2%, respectively, with mixed movements in bottom-line estimates [13] - Quest Diagnostics' 2025 sales and EPS estimates indicate a year-over-year improvement of 9.2% and 8.6%, respectively, with analysts showing increased optimism [13] - Hologic's shares have decreased by 31.6% over the past six months, while Quest Diagnostics has gained 4.9% [14] Valuation Comparison - Hologic is trading at a forward price-to-sales (P/S) multiple of 2.87X, while Quest Diagnostics is at 1.75X, both below their respective industry averages [16] - Both companies have a Value score of B, indicating potential for long-term stability [16] Investment Outlook - Hologic's diversified revenue model and international prospects suggest potential for long-term stability despite near-term challenges [17] - Quest Diagnostics shows strong growth opportunities in women's health, with favorable stock performance and upward analyst revisions making it a compelling investment [18]
Lucid Diagnostics to Join Russell 2000® and Russell 3000® Indexes
Prnewswire· 2025-05-27 11:31
Core Points - Lucid Diagnostics Inc. will be added to the small-cap Russell 2000® Index and the broad-market Russell 3000® Index effective after the close of U.S. equity markets on June 27, 2025, as part of the 2025 annual reconstitution [1][2] - This inclusion is expected to enhance Lucid's visibility and access to a broader range of institutional investors, reflecting the company's progress in enhancing shareholder value over the past year [2] Company Overview - Lucid Diagnostics is a commercial-stage cancer prevention medical diagnostics company and a subsidiary of PAVmed Inc., focusing on patients with gastroesophageal reflux disease (GERD) who are at risk of developing esophageal precancer and cancer [4] - The company's EsoGuard® Esophageal DNA Test and EsoCheck® Esophageal Cell Collection Device are the first and only commercially available tools aimed at preventing cancer through early detection of esophageal precancer in at-risk patients [4] Market Context - The Russell 3000 Index includes the largest 3,000 U.S. public companies by market capitalization, while the Russell 2000 Index is a subset focused on small-cap companies [2] - Approximately $10.6 trillion in assets are benchmarked against the Russell U.S. Indexes, indicating the significance of these indices for institutional investors and investment managers [2]
Biodesix Announces New Data on the VeriStrat® Test to be Presented at the 2025 ASCO Annual Meeting
Globenewswire· 2025-05-22 21:03
Core Insights - New data from the INSIGHT study indicates that the VeriStrat Host Immune Classifier can predict overall survival in non-small cell lung cancer patients treated with immunotherapy [1][2] - The presentation of this data will occur at the 2025 ASCO Annual Meeting, highlighting the significance of the findings [1] Group 1: Study Findings - The VeriStrat test categorizes patients' immune responses as either Hot (VeriStrat Good) or Cold (VeriStrat Poor) [2] - Statistically significant improvement in overall survival was observed in patients with a VeriStrat Poor result when treated with immunotherapy combined with chemotherapy, compared to those receiving immunotherapy alone [2] - The two-year survival rate for patients receiving the combination treatment was over three times higher than for those on immunotherapy alone [2] Group 2: Clinical Implications - The VeriStrat test may assist oncologists in evaluating treatment benefits and risks, potentially guiding decisions on treatment escalation or de-escalation [3] - Preliminary results from another ongoing study suggest that the VeriStrat test may also be applicable for other solid tumors, with data expected to be published later in 2025 [3] Group 3: Company Overview - Biodesix is a leading diagnostic solutions company focused on improving clinical care and outcomes for patients, particularly in lung disease [4] - The company offers diagnostic tests such as Nodify Lung® Nodule Risk Assessment and IQLung™ Cancer Treatment Guidance to support personalized care [4]
UPDATE - Renovaro Inc. Announces Expedited Trial for 2025 Lawsuit to Enforce Binding Merger Agreement with Predictive Oncology
Globenewswire· 2025-05-22 19:12
Core Viewpoint - Renovaro Inc. has initiated legal action against Predictive Oncology Inc. to enforce a merger agreement, alleging breaches of contract and seeking specific performance and damages [1][4]. Group 1: Legal Proceedings - Renovaro filed a lawsuit on May 9, 2025, in the Delaware Court of Chancery against Predictive Oncology to enforce a merger agreement executed on January 1, 2025 [1]. - The court has ruled to expedite the trial for this lawsuit, which is pending under Case No. 2025-0509 [4]. - Renovaro claims that Predictive Oncology breached the agreement by conducting a public offering of $545,000 in securities on February 19, 2025, and later attempted to unilaterally terminate the agreement on April 3, 2025 [3]. Group 2: Financial Impact - Following the public disclosure of the merger agreement on January 6, 2025, Predictive Oncology's stock price increased by over 50% [2]. - The litigation seeks specific performance, injunctive relief, and damages for the alleged breaches, indicating potential financial implications for both companies [4]. Group 3: Company Background - Renovaro Inc. focuses on next-generation diagnostics, drug discovery, and genetically enhanced cancer therapies, aiming to accelerate precision and personalized medicine [5]. - The company includes subsidiaries such as RenovaroBio, which specializes in advanced cell-gene immunotherapy, and RenovaroCube, leveraging AI for diagnostics and drug development [5].
Renovaro Inc. Announces Expedited Trail for 2025 Lawsuit to Enforce Binding Merger Agreement with Predictive Oncology
Globenewswire· 2025-05-22 15:05
Core Viewpoint - Renovaro Inc. has initiated legal action against Predictive Oncology Inc. to enforce a merger agreement, alleging breaches of contract and seeking specific performance and damages [1][4]. Group 1: Legal Proceedings - Renovaro filed a lawsuit on May 9, 2025, in the Delaware Court of Chancery against Predictive Oncology to enforce a merger agreement executed on January 1, 2025 [1]. - The court has ruled to expedite the trial for this lawsuit, which is pending under Case No. 2025-0509 [4]. - Renovaro claims that Predictive Oncology breached the agreement by conducting a public offering of $545,000 in securities on February 19, 2025, and later attempted to unilaterally terminate the agreement [3]. Group 2: Financial Impact - Following the public disclosure of the merger agreement on January 6, 2025, Predictive Oncology's stock price increased by over 50% [2]. - The litigation seeks specific performance, injunctive relief, and damages for the alleged breaches, indicating potential financial implications for both companies [4]. Group 3: Company Background - Renovaro Inc. focuses on next-generation diagnostics, drug discovery, and genetically enhanced cancer therapies, aiming to accelerate precision and personalized medicine [5]. - The company includes subsidiaries such as RenovaroBio, which specializes in advanced cell-gene immunotherapy, and RenovaroCube, leveraging AI for diagnostics and drug development [5].