Neogenomics Inc Stock Price, News & Analysis

NeoGenomics, Inc. (NASDAQ: NEO) announced its subsidiary Inivata will present significant data at the ESMO Congress from September 16-21, 2021. The focus is on the RaDaR™ assay for detecting molecular residual disease (MRD) and the InVisionFirst®-Lung liquid biopsy test. Inivata will showcase two posters on RaDaR's sensitivity in head and neck squamous cell carcinoma and early-stage breast cancer. InVisionFirst-Lung's utility in treating advanced NSCLC will also be highlighted. The data underscores the potential of these assays in enhancing cancer treatment regimens.

NeoGenomics, Inc. (NASDAQ: NEO) announced that its executive team will present at the Morgan Stanley 19th Annual Global Healthcare Conference on September 14, 2021, at 10:15 am ET. The presentation will be available via live webcast on the Company's website.

NeoGenomics specializes in cancer genetic testing and services, with laboratories across the U.S. and internationally. The company focuses on connecting patients with therapies and adheres to data protection laws to secure patient information.

NeoGenomics reported strong second-quarter 2021 results with consolidated revenue increasing by 40% to $122 million. Clinical Services revenue rose 37% to $101 million, while Pharma Services surged 55% to $20 million. The company completed two acquisitions: Trapelo Health in April and Inivata in June, enhancing its strategic position. Net income for the quarter was $76 million, reversing a $7 million loss year-over-year, although adjusted net loss was $1 million. Cash reserves totaled $373 million with an optimistic outlook for 2021.

NeoGenomics, Inc. (NASDAQ:NEO) announced its plan to release second quarter 2021 financial results on August 6, 2021. A webcast and conference call will follow at 8:30 AM EDT to discuss the results, accessible via the company's website. Investors can dial in for the conference call using the provided domestic and international numbers. NeoGenomics, a leader in cancer genetics testing, aims to connect patients with innovative therapies while adhering to data protection laws. The company operates several accredited laboratories globally.

NeoGenomics, Inc. (NASDAQ:NEO) has successfully acquired Inivata Ltd, enhancing its leadership in the minimal residual disease (MRD) testing market. The acquisition, announced on June 18, 2021, will integrate Inivata's advanced RaDaR assay into NeoGenomics' existing oncology diagnostics framework. CEO Mark Mallon emphasized the strategic importance of this acquisition, aimed at leveraging NeoGenomics’ established market position and resources to accelerate the development of liquid biopsy solutions. Inivata will operate as a dedicated division under NeoGenomics, further solidifying its capabilities in liquid biopsy testing.

NeoGenomics, Inc. (NASDAQ:NEO) announced participation in several upcoming investor conferences. Senior management will meet with investors virtually at the 18th Annual Craig-Hallum Institutional Investor Conference on June 2, and at the William Blair's 41st Annual Growth Stock Conference on June 3, featuring a live webcast of a fireside chat at 10:20 AM ET. Additionally, they will be at the Goldman Sachs 42nd Annual Global Healthcare Conference on June 9, with another fireside chat at 3:00 PM ET. These events reflect NeoGenomics' commitment to transparency and investor engagement.

NeoGenomics, Inc. (NASDAQ:NEO) announced participation in the Bank of America 2021 Health Care Conference on May 12, 2021, at 4:15 PM ET. Key executives, including Douglas VanOort, Mark Mallon, and Kathryn McKenzie, will present, with the session available for live streaming on the company's investor website. NeoGenomics specializes in cancer genetic testing and contract research services, helping diagnose and treat cancer globally. The firm is committed to patient support, data protection, and technological advancement.

NeoGenomics, a leader in cancer-focused genetics testing, reported a 9% increase in consolidated revenue to $116 million for Q1 2021. Clinical Services revenue rose 4% to $96 million, while Pharma Services surged 46% to $19 million. The company completed the acquisition of Trapelo Health in April, enhancing its market position. However, gross profit declined by 10.3% to $41.6 million due to COVID-19 impacts and an inventory write-off. Net loss increased to $22 million, and operating expenses grew by 10%. The company expects 2021 revenue between $490 million and $510 million.

NeoGenomics, a key player in cancer-focused genetic testing, has announced its acquisition of Inivata Ltd for $390 million, following an earlier $25 million investment. This strategic move enhances NeoGenomics' position in the minimal residual disease (MRD) testing market, projected to exceed $15 billion. The acquisition will be funded through a $200 million private placement involving institutional investors. This merger aims to accelerate development and commercialization of advanced testing solutions, aiming for a June 2021 closing.