Welcome to our dedicated page for Ispecimen news (Ticker: ISPC), a resource for investors and traders seeking the latest updates and insights on Ispecimen stock.
iSpecimen Inc. (NASDAQ: ISPC) generates a steady flow of company-specific news that reflects both its role in life science research and its activities in the capital markets. Public announcements consistently describe iSpecimen as an online global marketplace for human biospecimens, connecting scientists in commercial and non-profit organizations with hospitals, labs, biobanks, blood centers and other healthcare providers that have access to patients and specimens needed for medical discovery.
News related to ISPC frequently covers financing and capital-raising transactions. Recent press releases describe underwritten public offerings, private placements of common stock and pre-funded warrants, and the issuance of preferred stock, along with intended uses of proceeds such as marketing, working capital, and payments under agreements with service providers and technology partners. These items are often accompanied by references to related SEC filings, such as registration statements on Form S-1 and current reports on Form 8-K.
Operational and strategic updates form another key category of iSpecimen news. The company has announced initiatives to expand services for high-demand cancer biospecimens, including plans to pursue partnerships with U.S.-based cancer centers and to act as a preferred provider of cancer biospecimens in collaboration with an international genomic sequencing partner. Other releases highlight the company’s ability to secure suppliers for specimens related to emerging infectious diseases, such as human metapneumovirus, illustrating how its marketplace can respond to evolving research needs.
Technology and infrastructure developments are also prominent in iSpecimen’s news flow. The company has reported milestones in a digital transformation program powered by the Salestack platform, describing the installation of modern, cloud-native infrastructure to enhance the iSpecimen Marketplace. In addition, iSpecimen has issued detailed announcements about a corporate treasury strategy focused on digital assets and the Solana blockchain ecosystem, including advisory relationships with WestPark Capital and BlockArrow.
Governance and listing-related disclosures appear in both press releases and SEC-linked news, such as notices from Nasdaq regarding listing standards, special and annual stockholder meetings, and leadership changes at the executive and board levels. Together, these updates provide investors and researchers with insight into iSpecimen’s marketplace activities, strategic direction, financing plans, and regulatory interactions. Visitors to the ISPC news page can review this evolving record of announcements to understand how the company is positioning its biospecimen marketplace and managing its public-company obligations.
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.
iSpecimen (Nasdaq: ISPC) has launched an enhanced iSpecimen Marketplace® platform that improves search capabilities and data integration for biospecimen procurement. The updated interface features a Google-like search bar and advanced matching algorithms, allowing researchers to find the specific human biospecimens they need. Suppliers can access their inventories more easily, while new data fields enhance the search process. The marketplace remains free for both suppliers and researchers, aiming to streamline the connection between scientists and medical samples critical for research.
iSpecimen Inc. (Nasdaq: ISPC) has partnered with Acutis Diagnostics to enhance its biospecimen marketplace platform, introducing custom sequencing services for cancer and COVID-19 samples. This collaboration aims to streamline the research process by providing a single source for samples and corresponding sequencing data, improving researchers' ability to study genetic mutations linked to these diseases. Given the high demand for biospecimens related to cancer and COVID-19, this initiative is set to foster advancements in medical diagnostics and therapeutics.
iSpecimen (Nasdaq: ISPC) has announced that CEO Christopher Ianelli will participate in the Maxim Group’s 2022 Virtual Growth Conference from March 28-30, 2022. The corporate presentation will be available on-demand starting March 28, 2022, at 9:00 a.m. ET for all registrants. iSpecimen connects scientists with healthcare providers through its online marketplace for biospecimens essential for medical research. For more details about the conference or one-on-one meetings, attendees can reach out to Maxim representatives or KCSA Strategic Communications.
iSpecimen Inc. (Nasdaq: ISPC) announced its marketplace network has exceeded 200 healthcare providers, significantly enhancing access to biospecimens for medical research. This platform connects researchers with healthcare organizations, improving procurement efficiency for crucial samples such as tissues and biofluids. The diverse supplier network ensures a reliable flow of specimens, addressing potential shortages from global disruptions. The company emphasizes compliance and rigorous vetting for its suppliers to maintain high ethical and operational standards.
iSpecimen Inc. (Nasdaq: ISPC) reported a record FY 2021 revenue of $11.1 million, a 36% increase from FY 2020's $8.2 million. The revenue consisted of $8.0 million (72%) from non-COVID-19 related sources and $3.1 million (28%) from COVID-19. The company expanded its supplier network to 200 organizations and customer purchases grew to 415. iSpecimen raised $21 million in a private placement, enhancing its capabilities for biospecimen research. However, net loss increased to $9.0 million from $4.7 million in 2020.
iSpecimen (NASDAQ: ISPC) announced CEO Dr. Christopher Ianelli's participation in the Aegis Capital Corp. Virtual Conference from February 23-25, 2022. Dr. Ianelli will present on February 24 at 12:30 p.m. ET. Interested attendees can add the event to their calendars via an iCalendar link. iSpecimen operates an online marketplace for human biospecimens, enabling life scientists to connect with healthcare providers for research needs. For further inquiries or one-on-one meetings, contact KCSA Strategic Communications.
iSpecimen Inc. (NASDAQ: ISPC) will release its fourth quarter and full year financial results for 2021 on February 17, 2022, before market opening. An audio webcast will follow at 8:30 a.m. ET, featuring key executives including CEO Christopher Ianelli. Investors can join the live call at +1-877-425-9470 (U.S.) or +1-201-389-0878 (International). A replay option will be available until March 3, 2022. iSpecimen offers a marketplace for human biospecimens, connecting researchers with healthcare providers.
iSpecimen (Nasdaq: ISPC) announced the addition of a reference lab in New York to enhance its supplier capabilities for COVID-19 research. This lab can sequence hundreds of COVID-19 positive swabs weekly, aiding in the identification of variants like Omicron and Delta. iSpecimen has provided over 15,000 specimens for more than 200 COVID-related projects since the pandemic's onset and has collaborated with the CDC by supplying positive and negative serum samples. This expansion supports researchers' needs for variant identification in the ongoing fight against COVID-19.