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Hologic to go private in up to $18.3 billion deal backed by Blackstone, TPG
Yahoo Finance· 2025-10-21 13:12
(Reuters) -Blackstone and TPG have agreed to acquire medical diagnostics firm Hologic in an up to $18.3 billion deal, it said on Tuesday, marking one of the largest healthcare take-private transactions this year. Under the agreement, Blackstone and TPG will pay $76 apiece in cash to acquire all outstanding Hologic shares, implying a premium of nearly 6% to stock's last closing price. Shareholders are also eligible for a non-tradable right to receive up to $3 per share, contingent on certain global revenu ...
Volition Donates Nu.Q® Vet Cancer Tests to HOPE Animal-Assisted Crisis Response Dogs
Prnewswire· 2025-10-17 12:00
Accessibility StatementSkip Navigation "The Nu.Q®Â Vet Cancer Test is intended for use during regular preventive check-ups of older dogs (seven years and older) or for younger dogs of high-risk breeds and we were delighted to offer the Nu.Q® Test to our crisis response canines at our annual meeting. "Providing this additional screening tool allows our HOPE AACR dogs to continue to help people in their time of need." Dr. Tom Butera, Chief Executive Officer, Volition Veterinary , added: "We were delighted to ...
Co-Diagnostics Announces Development of Proprietary Sample Prep Instrument for PoC Testing
Prnewswire· 2025-10-16 13:30
*The Co-Dx PCR platform (including the Co-Dx PCR Homeâ"¢, Co-Dx PCR Proâ"¢, mobile app, and all associated tests and software) is subject to review by the FDA and/or other regulatory bodies and is not available for sale. Accessibility StatementSkip Navigation New device has the potential to help empower decentralized PCR testing in nearly 30,000 primary health centers across India, advancing efforts to improve availability of life-saving TB diagnostics SALT LAKE CITY, Oct. 16, 2025 /PRNewswire/ -- Co-Diagno ...
Veracyte to Release Third Quarter 2025 Financial Results on November 4, 2025
Businesswire· 2025-10-15 21:31
Core Points - Veracyte, Inc. is set to release its financial results for Q3 2025 on November 4, 2025, after market close [1] - A conference call and webcast will be held at 4:30 p.m. Eastern Time on the same day to discuss the financial results and provide a business update [1] Company Information - Veracyte, Inc. is identified as a leading cancer diagnostics company [1]
Biomerica Reports First Quarter Fiscal 2026 Financial Results
Globenewswire· 2025-10-15 13:27
Core Insights - Biomerica, Inc. reported financial results for the first quarter ended August 31, 2025, highlighting a decrease in net sales but an improvement in gross profit due to a favorable product mix and higher-margin services [1][7][9] Financial Performance - Net sales for Q1 fiscal 2026 were $1.4 million, down from $1.8 million in Q1 fiscal 2025, attributed to reduced retail activity and international order timing, partially offset by increased sales of inFoods IBS products [7][10] - Gross margin improved to 31% from 16% year-over-year, driven by a higher-margin product mix [10] - Operating expenses decreased to $1.5 million from $1.7 million, reflecting ongoing cost discipline [8][10] - Operating loss improved to $1.1 million from $1.4 million, with a net profit of approximately $2,000 compared to a net loss of $1.3 million in the prior year [9][10] Product Developments - The inFoods IBS test received a Proprietary Laboratory Analysis (PLA) code, facilitating reimbursement claims for healthcare providers [2] - The UAE Ministry of Health approved the Fortel Ulcer Test and Fortel Kidney Test for home use, enhancing access to diagnostic tools for gastric diseases and kidney damage [3][4] - Biomerica launched the AI-backed inFoods IBS Trigger Food Navigator to support personalized dietary plans for IBS patients [5] Clinical Validation - A multicenter trial published in June 2025 demonstrated the effectiveness of the inFoods IBS test, with significant outcomes in symptom relief for IBS patients [12][14]
Bluejay Diagnostics Announces Closing of $4.5 Million Private Placement Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-10-10 21:16
Core Points - Bluejay Diagnostics, Inc. has completed a private placement of 2,250,000 shares of common stock and Series F warrants to purchase up to 4,500,000 shares at a price of $2.00 per share, with Series F warrants having an exercise price of $1.75 and expiring in five and a half years [1][2] - The gross proceeds from this offering amounted to $4.5 million, which will be used for FDA approval processes, clinical studies, research and development, and general working capital needs [2] - The securities were offered under Section 4(a)(2) of the Securities Act and have not been registered, meaning they cannot be sold in the U.S. without an effective registration statement or applicable exemption [3] Company Overview - Bluejay Diagnostics focuses on improving patient outcomes through its Symphony System, a rapid near-patient testing system for sepsis triage and disease monitoring [5] - The company's first product candidate is an IL-6 Test for sepsis, designed to deliver accurate results in approximately 20 minutes, aiding medical professionals in making timely treatment decisions [5]
Bluejay Diagnostics Announces $4.5 Million Private Placement Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2025-10-09 19:15
Core Viewpoint - Bluejay Diagnostics, Inc. has announced a private placement of common stock and Series F warrants to raise approximately $4.5 million to fund FDA approval processes and other R&D activities [1][2]. Group 1: Offering Details - The company will sell 2,250,000 shares of common stock at a price of $2.00 per share, along with Series F warrants to purchase up to 4,500,000 additional shares at an exercise price of $1.75 [1]. - The Series F warrants will be exercisable immediately and will expire 5.5 years from the issuance date [1]. - The private placement is expected to close on or about October 10, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for obtaining FDA approval, including related clinical studies, as well as for general working capital and other research and development activities [2]. Group 3: Company Overview - Bluejay Diagnostics focuses on improving patient outcomes with its Symphony System, a rapid near-patient testing system for sepsis triage and disease monitoring [5]. - The company's first product candidate is an IL-6 Test for sepsis, designed to deliver results in approximately 20 minutes, aiding medical professionals in making timely treatment decisions [5].
RVTY Collaborates With Sanofi for Early Detection of Type 1 Diabetes
ZACKS· 2025-10-09 16:55
Key Takeaways RVTY teams up with Sanofi to develop a population-scale diagnostic test for type 1 diabetes.The 4-plex T1D autoantibody assay on RVTY's GSP platform enables high-throughput early detection.The initiative marks RVTY's pivot from rare diseases toward large-scale clinical diagnostics markets.Revvity, Inc. (RVTY) announced a program aimed at transforming early detection of type 1 diabetes (T1D), a progressive autoimmune disorder affecting more than nine million people worldwide. The initiative bui ...
Here's Why Exact Sciences (EXAS) is a Strong Momentum Stock
ZACKS· 2025-10-09 14:50
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style Sco ...
HOLX Stock Gains on FDA & CE Approval for Automated Molecular GI Tests
ZACKS· 2025-10-03 13:26
Core Insights - Hologic, Inc. (HOLX) received FDA 510(k) clearance and CE marking for its Panther Fusion Gastrointestinal (GI) Bacterial and Expanded Bacterial Assays, which are designed to rapidly detect common bacterial pathogens responsible for infectious gastroenteritis [1][8] Company Developments - Following the announcement of the new assays, HOLX shares increased by 1.3% to $67.91 [2][8] - The Molecular Diagnostics assays are the main revenue source for Hologic's Diagnostics division, with growth driven by the expanding global installed base of Panther instruments [3] - The new GI pathogen detection tests utilize rapid molecular technology to identify pathogens like Salmonella, Campylobacter, Shigella, E. coli, Vibrio, Yersinia, and Plesiomonas, allowing for customizable testing [5][6] Market Position - Hologic has a market capitalization of $15.10 billion and an earnings yield of 6.7%, outperforming the industry average of -4.3% [4] - The global gastrointestinal infection testing market is projected to grow from $467.2 million by 2025 to $617.7 million by 2032, with a CAGR of 5.2% [11] Industry Context - In the U.S., nearly 200 million cases of infectious gastroenteritis occur annually, with up to 3 million requiring ambulatory visits [10] - Foodborne outbreaks in Europe have led to significant hospitalizations and deaths, with Salmonella being a major contributor [10] Stock Performance - Over the past year, Hologic's shares have increased by 18.9%, significantly outperforming the industry growth of 2.3% [13]