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ProPhase Labs Inc (NASDAQ: PRPH) delivers cutting-edge solutions across diagnostics, genomics, and consumer health products. This news hub provides investors and industry observers with essential updates on the company’s scientific advancements, financial performance, and market initiatives.
Access authoritative reports on PRPH’s latest developments, including earnings announcements, strategic partnerships, and innovations in AI-driven diagnostic testing. Our curated collection ensures you stay informed about regulatory milestones, product launches, and research breakthroughs shaping the company’s trajectory.
Explore updates across key categories: quarterly financial results, FDA clearances, clinical trial progress, and consumer product expansions. Bookmark this page for real-time insights into how ProPhase Labs continues merging medical science with accessible health solutions through its dual focus on institutional diagnostics and consumer genomics.
ProPhase Labs (NASDAQ: PRPH) reported strong Q3 2022 results, achieving a record net revenue of $24.2 million, marking a 155% increase year-over-year. The company also noted a net income of $1.0 million, a turnaround from a $4.0 million loss in Q3 2021. Adjusted EBITDA stood at $6.3 million, a significant improvement from a loss of $1.3 million in the previous year. Cash and equivalents totaled $26.5 million. The company is expanding its services, collaborating with G42 Healthcare, and developing a cancer treatment with Dana-Farber Cancer Institute.
ProPhase Labs, Inc. (NASDAQ: PRPH) announced a two-year collaboration with Dana-Farber Cancer Institute to develop Linebacker-1 (LB-1), a small molecule aimed at enhancing chemotherapy. This partnership will explore LB-1's tumoricidal effects when co-administered with traditional chemotherapy agents in vitro and in vivo. The project has a budget of $2-5 million over 18 months, targeting preclinical studies and a Phase 1 human clinical trial. ProPhase expects LB-1 to have multi-billion-dollar potential in oncology.
ProPhase Labs (NASDAQ: PRPH) announced its participation in the Q4 Investor Summit Conference on November 14, 2022, at the Sheraton New York Times Square Hotel. CEO Ted Karkus will present at 3:00 PM ET. The conference is complimentary for qualified investors, with 1x1 meetings available. The company focuses on diagnostics, genomics, and biotech solutions, leveraging its CLIA lab services for whole genome sequencing and providing COVID-19 testing among others.
ProPhase Labs, Inc. (NASDAQ: PRPH) will hold a conference call on November 10, 2022, at 11:00 a.m. Eastern time to discuss its third quarter results for the period ended September 30, 2022. A press release with detailed results will be issued prior to the call. The call will be hosted by CEO Ted Karkus and feature a Q&A session. Participants can register online or use dial-in numbers for access. The call will also be broadcast live and accessible for replay.
ProPhase Labs, Inc. (NASDAQ: PRPH) has announced a collaboration with G42 Healthcare to enhance genomic sequencing capabilities. This partnership aims to create an advanced genomic sequencing facility in the U.S. and explore opportunities in genomic data sharing and artificial intelligence. The initiative focuses on the development of personalized medical treatments, targeting high-growth markets globally. ProPhase plans to expand its New York headquarters and intends to leverage its CLIA lab services for whole genome sequencing and diagnostics, aiming for operational efficiencies and cost savings.
ProPhase Labs, Inc. (NASDAQ: PRPH) will participate in The ThinkEquity Conference on October 26, 2022, at the Mandarin Oriental Hotel in New York. CEO Ted Karkus is scheduled to present at 11:30 AM ET. The event will include opportunities for one-on-one investor meetings and will also be live-streamed. ProPhase Labs focuses on diagnostics, genomics, and biotech, leveraging CLIA lab services for whole genome sequencing and COVID-19 testing. Visit www.ProPhaseLabs.com for more information.
ProPhase Labs, Inc. (NASDAQ: PRPH) announced the addition of Dr. Russ B. Altman to the Advisory Board of its subsidiary, Nebula Genomics. Dr. Altman is a distinguished professor at Stanford University with expertise in bioengineering and genomics. His appointment is expected to enhance Nebula's strategic direction and product development in direct-to-consumer whole genome sequencing. ProPhase also plans to significantly expand its Garden City headquarters, building a new genomics lab equipped for advanced sequencing and genetic testing.
ProPhase Labs, a diversified diagnostics and biotech company, will present at the H.C. Wainwright 24th Annual Global Investment Conference on September 12, 2022, at 2:30 PM ET. CEO Ted Karkus will overview the company's offerings, including genomic services and COVID-19 testing. The hybrid conference runs from September 12-14, 2022, at the Lotte New York Palace Hotel. Interested institutional investors can register here.
ProPhase Labs (NASDAQ: PRPH) reported record Q2 2022 net revenues of $29.1 million, a 218% increase year-over-year, alongside a net income of $7.4 million, up 633% from the previous year. Adjusted EBITDA reached $12.4 million. The company performed 188,000 diagnostic tests in the quarter, significantly up from 56,000 in Q2 2021. Cash and equivalents totaled $27.5 million, with working capital at $53.5 million. Future expansions include a new subsidiary for drug development and a $6 million stock repurchase program.
ProPhase Labs (NASDAQ: PRPH) will hold a conference call on August 11, 2022 at 11:00 a.m. ET to discuss its second-quarter results for the period ending June 30, 2022. CEO Ted Karkus will lead the call, which includes a Q&A session. Interested participants can register for the call via the provided link or dial in using the toll-free number 1-866-777-2509. The call will also be accessible for replay shortly after it concludes. ProPhase Labs focuses on diagnostics, genomics, and biotech services, including COVID-19 testing and genome sequencing.
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