Welcome to our dedicated page for Adaptive Biotechnologies news (Ticker: ADPT), a resource for investors and traders seeking the latest updates and insights on Adaptive Biotechnologies stock.
Adaptive Biotechnologies Corporation (ADPT) is a leader in immune-driven diagnostics, pioneering NGS-based solutions for minimal residual disease detection and immune system mapping. This page serves as the definitive source for official company announcements, financial disclosures, and scientific advancements.
Investors and researchers will find curated updates including earnings reports, regulatory milestones, and partnership developments in precision medicine. Our repository ensures immediate access to press releases about clonoSEQ adoption, clinical trial collaborations, and innovations in immune medicine.
All content is rigorously verified to provide reliable insights into ADPT's strategic direction within the biotechnology sector. Bookmark this page for real-time updates on diagnostic advancements and market-moving developments.
Adaptive Biotechnologies (Nasdaq: ADPT), a biotechnology firm focused on harnessing the genetics of the adaptive immune system for clinical applications, will announce its Q2 2024 financial results on August 1, 2024, post-market close.
The company will host a webcast conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day to discuss the results. The live audio will be accessible via the 'Investors' section on their website, with an archived replay available within 24 hours after the event.
Adaptive Biotechnologies (Nasdaq: ADPT) announced significant data supporting the clinical benefits of their clonoSEQ® test for measurable residual disease (MRD) assessment across multiple blood cancers. The data will be presented at the 2024 ASCO Annual Meeting and EHA2024 Hybrid Congress.
More than 20 abstracts will highlight clonoSEQ's efficacy in monitoring treatment response, predicting patient outcomes, and aiding in drug development. Key findings include strong correlations between MRD assessments in bone marrow and peripheral blood in pediatric acute lymphoblastic leukemia, and the clinical significance of sustained MRD negativity in multiple myeloma. Evidence from the PERSEUS study shows that patients with MRD negativity experienced improved progression-free survival.
These data underscore clonoSEQ's role as a standard in MRD assessment, providing critical insights for clinicians and researchers in the treatment of blood cancers.
Adaptive Biotechnologies, a commercial-stage biotechnology company focused on the adaptive immune system, announced its participation in the Goldman Sachs 45th Annual Global Healthcare Conference. The event will take place in Miami, FL, with a fireside chat scheduled for June 11, 2024, at 10:20 a.m. PT / 1:20 p.m. ET. The webcast of the presentation can be accessed live and archived on the company's website.
Adaptive Biotechnologies reported a revenue of $41.9 million for the first quarter of 2024, with the MRD business contributing 78% of the revenue, showing a 52% growth compared to the same period in 2023. The clonoSEQ test volume also grew by 41% to 17,040 tests delivered. The company achieved regulatory milestones and received positive feedback from the FDA's ODAC. Despite an 11% increase in revenue year-over-year, Immune Medicine revenue saw a 43% decrease. Operating expenses decreased by 4% to $90.6 million. The net loss for the quarter was $47.5 million, showing improvement from the same period in 2023. Cash, cash equivalents, and marketable securities stood at $308.9 million as of March 31, 2024. Updated financial guidance for 2024 includes an increased revenue projection for the MRD business and a range for total company operating expenses.
FAQ
What is the current stock price of Adaptive Biotechnologies (ADPT)?
What is the market cap of Adaptive Biotechnologies (ADPT)?
