Ispecimen Inc. Stock Price, News & Analysis

iSpecimen (Nasdaq: ISPC) announced that CEO Christopher Ianelli will participate in the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022, in New York City.

The corporate presentation will be available on-demand starting September 12, 2022, at 7:00 a.m. ET. Interested attendees can register here. iSpecimen offers a marketplace connecting scientists with healthcare specimen providers.

iSpecimen Inc. (Nasdaq: ISPC) reported Q2 2022 results, with revenue of approximately $2.3 million, down from $2.9 million in Q2 2021, primarily due to decreased COVID-19 specimen sales. General specimen revenue increased by 8% year-over-year, totaling approximately $2.2 million. The company added new suppliers focused on oncology and cardiovascular research, growing its unique supplier organizations to 214. Despite external challenges, the company aims to improve its market position through technological advancements and strategic investments.

iSpecimen Inc. (Nasdaq: ISPC) will announce its financial results for Q2 2022 on August 4, 2022, before market opening. The announcement will be followed by a conference call at 8:30 a.m. ET, featuring executive remarks from CEO Christopher Ianelli and other key leaders. Investors can access the call via phone or webcast, with a replay available until August 18, 2022. iSpecimen operates an online marketplace linking researchers with healthcare specimen providers, facilitating essential medical research.

iSpecimen (Nasdaq: ISPC) announced the addition of new global biospecimen suppliers to its Marketplace, enhancing research capabilities for oncology and cardiovascular disease. The new suppliers include a U.S.-based cancer-focused biobank and a European biobank with extensive health data from participants aged 45 to 75. These biospecimens, including pre- and post-treatment samples, are expected to aid in clinical research for treatments, addressing critical health issues as cancer and cardiovascular diseases remain leading causes of death in the U.S.

iSpecimen (Nasdaq: ISPC) has appointed Evan Cox as Vice President of Product Management, effective immediately. With nearly two decades of experience in healthcare product management, Cox will oversee the growth of the iSpecimen Marketplace™. The company's CEO, Christopher Ianelli, stated that Cox's expertise in technology solutions will be crucial for enhancing the marketplace. Previously, Cox led product management at Definitive Healthcare and has worked with Change Healthcare and WebMD. His focus will be on meeting the evolving needs of researchers and healthcare organizations.

iSpecimen (NASDAQ: ISPC) presented three key discussions at the ISBER Annual Meeting in Atlanta, focusing on the evolution of biobanking through advanced technology.

Chief Operating Officer Jill Mullan outlined how precision medicine drives the need for 'just-in-time' biospecimen collections, leveraging five years of data from the iSpecimen Marketplace. Key insights highlighted the transition from traditional inventory methods to a dynamic, online inventory system.

Additional talks included the journey of iSpecimen from ideation to IPO and an interactive demo of the enhanced Marketplace platform.

iSpecimen (Nasdaq: ISPC), a leading online marketplace for biospecimens, announced that CEO Christopher Ianelli will participate virtually in the H.C. Wainwright Global Investment Conference from May 23-26, 2022. His presentation will be accessible on-demand starting May 24, 2022, at 7:00 a.m. ET. The conference aims to connect scientists with healthcare providers for medical research. iSpecimen’s platform facilitates searching for human biospecimens through a cloud-based network, enhancing medical discoveries.

iSpecimen Inc. (Nasdaq: ISPC) reported Q1 2022 revenue of approximately $2.5 million, down from $3.0 million year-over-year, impacted by the Ukraine-Russia conflict affecting supply chains. The company managed to transition $1.0 million in open purchase orders to other suppliers, demonstrating marketplace adaptability. Unique customers rose by 25% to 437, and supplier organizations increased to 205. General and administrative expenses rose to $1.8 million due to increased costs. Net loss for the quarter was about $2.4 million, with cash reserves at approximately $26.1 million.

iSpecimen Inc. (Nasdaq: ISPC) announced plans to report its financial results for Q1 2022 on May 10, 2022, before market opening. The company connects researchers with biospecimens through an online marketplace. A conference call will be held at 8:30 a.m. ET that same day, featuring CEO Christopher Ianelli and other executives. Interested participants can join via phone or webcast, with a replay available until May 24, 2022. iSpecimen specializes in facilitating medical research by linking scientists with healthcare providers for essential specimens.