Welcome to our dedicated page for Genetic Technologies news (Ticker: $GENE), a resource for investors and traders seeking the latest updates and insights on Genetic Technologies stock.
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Genetic Technologies (ASX: GTG; NASDAQ: GENE) unveiled its innovative geneType Comprehensive Risk Assessment test, targeting 100% of women at risk of breast and ovarian cancer. This test, launched at the 'Know Your Risk' event in California, evaluates both hereditary and sporadic cancer risks for women over 30. The event, co-hosted by Dr. Kristi Funk and Krystal Barter, emphasized genomics' role in women's health. The geneType test represents a significant advancement in preventative healthcare, covering 1 in 8 women in the US at risk for breast cancer (310,000 annual diagnoses) and 19,600 ovarian cancer cases yearly. GTG's new high-throughput automated lab in the US can handle up to 100,000 tests per month, anticipating high demand.
GeneType and Humanise Health hosted the 'Know Your Risk' event on May 23, 2024, in Pasadena, California. This landmark event aimed to empower women through knowledge on genetic testing and risk assessment. Co-hosted by Dr. Kristi Funk and Krystal Barter, the event featured notable panelists who discussed the role of genomics in women's health. Key sessions included discussions on the gender health gap and patient advocacy. A major highlight was the launch of the GeneType hereditary breast and ovarian cancer test, which identifies all women at risk, including those with common gene mutations, regardless of family history. The event aimed to inspire proactive health advocacy among women.
Genetic Technologies (GTG) signed a strategic joint sales & marketing agreement with Wellworks for You Inc. to incorporate geneType tests into its employee wellness solutions, potentially generating 40,000 unit sales in year one. The partnership aims to provide geneType Risk Assessment Testing to Wellworks' 750 employer groups and 2 million covered lives, marking a pivotal milestone for both companies.
Genetic Technologies (GENE) released its Appendix 4C & Quarterly Business Update for Q3 FY24, showcasing key highlights such as cash receipts totaling A$1.8m, a significant increase in geneType adoption, launch of a Comprehensive Risk Assessment Test, and successful fund raising initiatives. The Company also reported on a successful DTC digital media sales campaign in the US and the establishment of a GeneType pilot study in US Breast Screen Imaging Centres.
