Adaptive Biotechnologies Stock Price, News & Analysis

Adaptive Biotechnologies reported financial results for Q4 and full year 2022, revealing a 20% revenue growth year-over-year, totaling $185.3 million. Q4 revenue reached $55.2 million, a 46% increase from Q4 2021. Key drivers included a 70% surge in MRD revenue and a 54% increase in clonoSEQ test volume. Operating expenses decreased by 5% to $94.4 million, with a net loss of $40.2 million. For 2023, the company aims for revenue between $205 million and $215 million and plans to lower operating expenses. With $498.2 million in cash reserves, Adaptive is positioned for sustainable growth.

Adaptive Biotechnologies (Nasdaq: ADPT) has announced that it will report its financial results for Q4 and the full year of 2022 on February 14, 2023, after market close. A conference call will follow at 1:30 p.m. PT / 4:30 p.m. ET, which will be available via webcast on the company's website. Adaptive is focused on translating the adaptive immune system's genetics into clinical products for disease diagnosis and treatment. The company aims to leverage its proprietary immune medicine platform to address various diseases, including cancer and autoimmune disorders, emphasizing individualized patient care.

Adaptive Biotechnologies (Nasdaq: ADPT) announced its participation in the 41st Annual J.P. Morgan Healthcare Conference in San Francisco, scheduled for January 9 at 1:30 PM PT. The presentation will be accessible via a live and archived webcast on the company’s website. Adaptive Biotechnologies focuses on utilizing the adaptive immune system for diagnosing and treating diseases, with products and pipelines aimed at cancer, autoimmune disorders, and infectious diseases. Their proprietary platform enhances drug development and clinical diagnostics.

Adaptive Biotechnologies Corporation (Nasdaq: ADPT) showcased the effectiveness of its clonoSEQ Assay at the 64th Annual Meeting of the American Society of Hematology (ASH) on December 10-13, 2022. The assay, the only FDA-cleared test for assessing minimal residual disease (MRD) in lymphoid malignancies, demonstrated high accuracy and sensitivity in measuring MRD in blood cancer patients. Over 30 clonoSEQ-related abstracts were presented, supporting its role in guiding treatment decisions and potentially discontinuing maintenance therapy based on MRD results.

Adaptive Biotechnologies Corporation (Nasdaq: ADPT) will present over 30 abstracts on its clonoSEQ® Assay at the 64th Annual Meeting of the American Society of Hematology (ASH) from December 10-13, 2022. This FDA-cleared assay measures minimal residual disease (MRD) in various blood cancers, including multiple myeloma and chronic lymphocytic leukemia. The data highlights the assay's role in improving patient care through serial MRD testing, which aids in treatment assessment and relapse detection. Key findings will be shared in 12 oral presentations and 21 posters during the event.

Adaptive Biotechnologies Corporation (Nasdaq: ADPT) has launched its clonoSEQ Assay for detecting minimal residual disease (MRD) in patients with diffuse large B-cell lymphoma (DLBCL). This test is notable as it is the first MRD test with Medicare coverage for all therapy lines and timepoints. Now accepting blood samples in Streck® tubes, clonoSEQ offers clinicians a precise, less invasive disease monitoring tool. Robust evidence supports its effectiveness in predicting patient relapses, facilitating better and more timely treatment decisions.

Adaptive Biotechnologies (ADPT) reported third quarter 2022 revenue of $47.8 million, marking a 21% increase year-over-year. clonoSEQ test volume surged by 52% compared to Q3 2021. The Immune Medicine segment revenue rose 18% to $27.9 million. Operating expenses decreased to $93.3 million, down 3% from the prior year. The net loss narrowed to $45.3 million, an improvement from $56.0 million in 2021. Adaptive's 2022 guidance reflects revenue expectations of $185-$190 million and reduced operating expenses below $400 million.

Adaptive Biotechnologies has partnered with Epic to integrate the clonoSEQ Assay into Epic's electronic medical record system. This integration aims to enhance monitoring of minimal residual disease (MRD) in blood cancer patients, making access to this FDA-cleared test easier for oncologists. clonoSEQ allows for accurate monitoring of cancer cells during treatment, which is crucial for patient care. The integration is set to go live in 2023, and Adaptive plans to seek further partnerships with other oncology EMR vendors.

Adaptive Biotechnologies (Nasdaq: ADPT) will announce its third-quarter 2022 financial results after market close on November 3, 2022. A conference call will follow at 1:30 p.m. PT / 4:30 p.m. ET, which will be available via live webcast on the company’s website. The company focuses on leveraging the adaptive immune system for clinical products aimed at diagnosing and treating diseases, including cancer and autoimmune disorders. Its proprietary platform is designed to decode the complexities of the immune system, enabling innovative diagnostics and therapeutics.