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Genetic Technologies Ltd. - $GENE STOCK NEWS

Welcome to our dedicated page for Genetic Technologies Ltd. news (Ticker: $GENE), a resource for investors and traders seeking the latest updates and insights on Genetic Technologies Ltd. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Genetic Technologies Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

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.

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5.56%
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Rhea-AI Summary

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.

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0.44%
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Rhea-AI Summary
Genetic Technologies (NASDAQ:GENE) closes a US$2 million registered direct offering and issues unregistered warrants to drive revenue, expand into new markets, and fund product research and development.
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2.16%
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Genetic Technologies announces a $2 million registered direct offering of 1,000,000 American Depositary Shares at $2.00 per share, with additional unregistered warrants to purchase up to 1,000,000 ADSs. The offering aims to raise capital for the company's operations and expansion.
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-22.78%
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Genetic Technologies announces the establishment of a precision oncology division and the launch of a new portfolio of diagnostic tests under its geneType brand. The tests aim to improve treatment outcomes for various cancers by providing valuable information to medical oncologists. The company collaborates with the University of Melbourne to develop methylation tests, solid tumor mutation tests, and liquid biopsy tests. The global genomics market is projected to grow significantly, offering a substantial market opportunity for GeneType within the next 12 months.
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-0.32%
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Genetic Technologies reports a significant increase in sales for geneType Risk Assessment Tests, with a 543% growth in commercial tests for the 6 months ending March 31, 2024. The company's clinical adoption of geneType is expanding across 12 US States, Canada, and Australia, demonstrating a growing commitment from clinicians to offer personalized care and early disease detection.
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RedChip Companies will air interviews with Genetic Technologies (NASDAQ:GENE) and BioVie, Inc. (NASDAQ:BIVI) on the RedChip Small Stocks, Big Money™ show on Bloomberg TV. Genetic Technologies is focusing on commercializing its geneType multi-risk test, while BioVie is developing therapies for neurodegeneration and liver disease.
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Rhea-AI Sentiment
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3.07%
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Genetic Technologies (NASDAQ: GENE) announces a clinical implementation study with breast imaging centers in New York, Miami, and Houston. The study aims to streamline care by integrating geneType into imaging centers, benefiting women at increased risk of breast cancer.
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8.18%
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Genetic Technologies (NASDAQ: GENE) partners with Humanise Health to launch 'Know Your Risk' event for women's health empowerment, featuring Risk Assessment portfolio at The Langham, Pasadena, California.
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1.44%
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Genetic Technologies (GENE) announces a successful digital strategy led by Dr. Malcolm Bohm, resulting in significant increases in social media metrics. Consumer reach is up 56.3%, content interactions up 503%, and engagement up 175%. The company predicts a surge in adoption of risk assessment tests, shifting focus from 'sickcare' to 'healthcare'.
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-4.58%
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Genetic Technologies Ltd.

Nasdaq:GENE

GENE Rankings

GENE Stock Data

9.92M
101.76M
0.64%
0.3%
Testing Laboratories
Professional, Scientific, and Technical Services
Link
United States of America
Melbourne

About GENE

genetic technologies (asx: gtg, nasdaq global market: gene) is leading-edge genetic testing and reproductive services business which, together with an extensive range of international patents and allied research activities, aims at uncovering the impact of dna on health. throughout the asia pacific region, we translate specialised genetic tests into products and services that optimise the health knowledge and outcomes in humans, animals and plants.