Veracyte Stock Price, News & Analysis

Veracyte (Nasdaq: VCYT), a leading global genomic diagnostics company, announced participation in two virtual investor conferences. The events include a fireside chat at the Goldman Sachs 42nd Annual Global Healthcare Conference on June 9, 2021, at 9:40 AM ET and a presentation at the Raymond James Human Health Innovation Conference on June 23, 2021, at 2:40 AM ET. Live webcasts will be accessible on Veracyte's website, with replays available for 90 days post-event. Veracyte aims to enhance patient care through advanced genomic testing across various cancers and diseases.

Veracyte, Inc. (Nasdaq: VCYT) has announced an agreement to acquire HalioDx for approximately €260 million, consisting of €147 million in cash and up to €113 million in stock. This acquisition aims to enhance Veracyte’s global position in cancer diagnostics and expand its testing menu to include 8 of the top 10 cancers in the U.S. The move is expected to accelerate IVD test development and manufacturing in Europe while strengthening partnerships in the immuno-oncology field. The transaction, approved by both companies' boards, is expected to close in Q3 2021, subject to regulatory approvals.

Veracyte (Nasdaq: VCYT) announced its participation in two virtual investor conferences. Bonnie H. Anderson, chairman and CEO, along with Marc Stapley, incoming CEO, will speak at the William Blair Growth Stock Conference on June 1, 2021, at 11:20 a.m. Central Time and at the Jefferies Virtual Healthcare Conference on June 4, 2021, at 11:30 a.m. Eastern Time. Live audio webcasts will be available on Veracyte's website, with replays accessible for 90 days post-event.

Veracyte specializes in genomic diagnostics, offering tests for various cancers and diseases to improve patient care.

Veracyte, Inc (Nasdaq: VCYT) announced new data highlighting the effectiveness of its Afirma Xpression Atlas (XA) in identifying clinically relevant gene fusions in thyroid nodule samples using fine needle aspiration (FNA). The findings, set to be presented on June 4 at the ASCO Annual Meeting, emphasize the test's capability to detect gene fusions that may guide targeted therapies in thyroid cancer treatment. The study analyzed over 50,000 FNA samples, revealing a 3% fusion rate in suspicious samples and 8% in malignant cases, suggesting potential for improved diagnostic accuracy.

Veracyte (Nasdaq: VCYT) has announced new data on its Decipher® Prostate Genomic Classifier that enhances the treatment decision-making for prostate cancer. The findings, to be presented at the ASCO Annual Meeting from June 4-8, 2021, reveal that the Decipher GC accurately predicts aggressive cancer in both African American men and non-African American men. A study showed that 49% of African American men had high genomic-risk tumors compared to 10% of their counterparts. Further analysis confirmed that high-risk patients benefited from tailored treatment strategies using Decipher GC.

Veracyte (Nasdaq: VCYT) announced pivotal data indicating that its noninvasive Percepta Nasal Swab test can enhance early lung cancer assessments. This first-of-its-kind genomic test accurately classifies lung cancer risks in smokers with lung nodules, enabling benign cases to avoid unnecessary procedures and malignant cases to receive timely diagnosis. In a study of 249 patients, the test achieved a sensitivity of 96.3% for low-risk patients and 58.2% for high-risk patients. The test is set to be available at select sites in late 2021, expanding globally in 2023.

Veracyte (Nasdaq: VCYT) announced that its CEO Bonnie H. Anderson and incoming CEO Marc Stapley will participate in two virtual investor conferences. The UBS Global Healthcare Virtual Conference will feature a fireside chat on May 25, 2021, at 10:00 a.m. EDT, followed by the 7th Annual Truist Securities 2021 Life Sciences Summit on May 27, 2021, at 12:30 p.m. EDT. Live audio webcasts of their presentations will be available on Veracyte's website, with replays accessible for 90 days after the events.

Veracyte, Inc (Nasdaq: VCYT) presented data on the Envisia® Genomic Classifier at the ATS 2021 International Conference. The classifier enhances the diagnosis of interstitial lung diseases (ILDs) by detecting the genomic pattern of usual interstitial pneumonia (UIP). New findings confirm its high specificity (90.6%) and moderate sensitivity (62.5%) in challenging ILD patient subsets. Veracyte plans global availability of the Envisia test on the nCounter Analysis System by year-end 2021, following the acquisition of rights in 2019. This expansion is set to transform patient diagnostics worldwide.

Veracyte (Nasdaq: VCYT) announced new data at the ATS 2021 Conference showing that its Percepta^® Genomic Atlas can accurately detect lung cancer gene alterations using small biopsy samples. The test employs advanced DNA and RNA sequencing to analyze over 50 genes associated with lung cancer, demonstrating over 95% concordance with reference assays. Set for launch in H2 2021, this test aims to guide targeted therapies for patients. Veracyte's portfolio promotes timely treatment decisions, improving patient care throughout the cancer journey.