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Sera Prognostics, Inc. reports developments in women's health diagnostics, with news centered on its PreTRM® Test for spontaneous preterm birth risk prediction in asymptomatic singleton pregnancies. The company uses proteomics, bioinformatics and pregnancy biomarker information to support maternal and neonatal health.
Recurring updates include financial results, commercial adoption and payer engagement for PreTRM, clinical evidence from the PRIME study and related publications, investor presentations, healthcare conference activity, capital allocation and financing actions supporting commercialization.
Sera Prognostics announced that its PreTRM® Test will be available to members of Banner – University Family Care. This test offers a unique, clinically validated method for assessing the risk of spontaneous preterm birth in asymptomatic singleton pregnancies. The partnership aims to enhance maternal and neonatal health while reducing healthcare costs. A prior economic analysis indicated that the PreTRM strategy could improve outcomes and lower treatment expenses compared to standard care. This collaboration reflects a shared commitment to innovative healthcare models.
Sera Prognostics Inc. (Nasdaq: SERA) reported its second quarter financial results for 2022, achieving a revenue of $78,000, up from $20,000 in Q2 2021. Operating expenses rose to $11.8 million, compared to $7.4 million in the previous year. The net loss for the quarter was $11.5 million, widening from $6.3 million a year ago. The company highlighted improved performance of the PreTRM test and contracts with new self-insured employer plans. As of June 30, 2022, cash and equivalents stood at approximately $121 million.
Sera Prognostics, focused on maternal and neonatal health, will release its second quarter fiscal year 2022 financial results on August 10, 2022, post-market. The conference call will start at 5:00 p.m. ET. Sera's PreTRM® Test helps predict preterm birth risks, addressing a significant health concern. The company aims to provide essential pregnancy biomarker information to healthcare providers to enhance patient outcomes and reduce healthcare costs. Additionally, it faces market risks that could impact its growth and revenue potential.
Sera Prognostics, Inc. (Nasdaq: SERA), a leader in maternal health diagnostics, will present at the 42nd Annual William Blair Growth Stock Conference on June 7, 2022, at 3:20 p.m. CT. CEO Gregory C. Critchfield will discuss the company's latest developments, including its innovative PreTRM® test, which predicts premature birth risk. The event will be available via live webcast on Sera's Investor website. Sera aims to improve healthcare outcomes for mothers and infants through precision medicine and has a significant pipeline focused on pregnancy-related complications.
Sera Prognostics, Inc. (NASDAQ: SERA) published data showing improved performance of its PreTRM® test for predicting spontaneous preterm birth. The study demonstrated an 88% sensitivity and 99% negative predictive value, indicating increased accuracy and reliability. The test can now be performed more conveniently during pregnancy, enhancing access for women at risk. These findings were published in the Journal of Clinical Medicine and align with updated ACOG gestational age guidelines, emphasizing Sera's commitment to improving maternal health.
Sera Prognostics (Nasdaq: SERA) presented data on the PreTRM® test-and-treat strategy at the ISPOR 2022 conference in Washington, DC. The study analyzed the effects of two intervention strategies on high-risk pregnancies using the PreTRM® Test. Results showed a significant reduction in neonatal hospital stays by 22% and maternal stays by 8.5%. Furthermore, moderate-to-severe neonatal morbidity dropped by 29%. The findings highlight the economic benefits and potential cost savings of proactive interventions in pregnancy care.
Sera Prognostics (Nasdaq: SERA) reported its Q1 2022 financial results, showing revenue of $38,000, up from $13,000 in Q1 2021. Operating expenses surged to $12.3 million, compared to $6.0 million a year earlier. The net loss increased to $12.2 million from $6.4 million. The company ended the quarter with approximately $64.1 million in cash and equivalents. Key highlights included a streamlined PreTRM® test ordering process and advancing clinical studies. The ongoing PRIME study aims to enhance neonatal outcomes and reduce healthcare costs.
Sera Prognostics, Inc. (NASDAQ: SERA) and the Newborn Foundation have partnered to launch the Every Mother, Every Baby Project aimed at reducing maternal and neonatal mortality linked to preterm birth. This initiative focuses on educating healthcare professionals and improving access to biomarker-based tests like Sera's PreTRM® test, crucial for identifying at-risk pregnancies. The project aims for equitable health outcomes by addressing policy frameworks and ensuring standardized testing reimbursement. Over 60% of infant deaths occur during the neonatal period, with preterm birth a significant contributor.
Sera Prognostics, Inc., the Pregnancy Company® (Nasdaq: SERA), will release its first quarter fiscal year 2022 financial results on May 10, 2022, after market close. A conference call and live webcast will follow at 5:00 p.m. ET to discuss operational highlights and financial metrics. Sera specializes in maternal and neonatal health through innovative diagnostics like the PreTRM® test, which predicts preterm birth risk. The company aims to improve pregnancy outcomes and reduce healthcare costs associated with complications of prematurity.
Sera Prognostics announced the appointment of Dr. Jane F. Barlow to its Board of Directors, effective April 12, 2022. Dr. Barlow is recognized for her executive experience in health services and consulting, including roles as CEO of her own firm and Chief Clinical Officer at Real Endpoints. Her expertise is expected to bolster Sera's mission to enhance maternal and neonatal health with innovative diagnostics, including the PreTRM® test, which identifies preterm birth risk. CEO Gregory C. Critchfield highlighted Dr. Barlow's potential contributions towards improving healthcare outcomes and reducing costs.