Welcome to our dedicated page for Veracyte news (Ticker: VCYT), a resource for investors and traders seeking the latest updates and insights on Veracyte stock.
Veracyte, Inc. (Nasdaq: VCYT) is a global cancer diagnostics and genomic testing company whose news flow centers on clinical evidence, test performance, and financial results. The company describes its mission as transforming cancer care by empowering clinicians with high-value insights at key decision points in diagnosis and treatment. Its Veracyte Diagnostics Platform underpins tests such as Decipher Prostate, Afirma GSC, Prosigna, Decipher Bladder, and the Percepta Nasal Swab test, along with research tools like Afirma GRID and Decipher GRID.
On this page, readers can follow Veracyte news related to quarterly and annual financial results, including revenue and testing volume updates the company announces in earnings press releases and accompanying conference calls. Veracyte’s communications also highlight non-GAAP measures such as adjusted EBITDA and adjusted EBITDA margin, along with explanations of how these metrics are used internally and how they differ from GAAP figures.
Another major category of news involves clinical and scientific developments. Veracyte regularly reports on studies and abstracts that use its Afirma GRID and Decipher GRID platforms to develop and evaluate molecular signatures in thyroid and prostate cancer. Examples include publications on Afirma GRID-derived signatures to differentiate thyroid cancer risk groups and prospective validation data for biomarkers such as the PAM50 molecular signature in recurrent prostate cancer.
Investors and clinicians can also find announcements about Veracyte’s participation in healthcare and investor conferences, where management presents updates on the company’s diagnostics portfolio, research programs, and financial outlook. For ongoing insight into how Veracyte’s genomic tests and research tools are being used in practice and studied in trials, this news feed aggregates the company’s press releases and related updates in one place.
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.
Veracyte (VCYT) announced Marc Stapley will succeed co-founder Bonnie Anderson as CEO, effective June 1, 2021. Anderson will transition to an executive chairman role, remaining a board member. Stapley brings extensive industry experience from Helix and Illumina, enhancing Veracyte's growth plans in genomic diagnostics. Underlaid by a broad test pipeline and an exclusive diagnostics platform, the company aims to improve patient care globally. The transition will be discussed in a conference call on the same day as the upcoming financial results announcement.
Veracyte, Inc. (Nasdaq: VCYT) reported its financial results for Q1 2021, revealing total revenue of $36.7 million, an 18% increase year-over-year. The gross margin stood at 66%. Despite the revenue growth, the company faced a net loss of $41.9 million, primarily due to $35.1 million in acquisition-related expenses from Decipher Biosciences. Total genomic testing revenue increased 19%, reaching $36.1 million. The company anticipates the launch of innovative products, including the Percepta Nasal Swab test for lung cancer detection, later this year.
Veracyte (Nasdaq: VCYT) announced new data for its Prosigna Breast Cancer Gene Signature Assay, set to be presented at the ESMO Breast Cancer Virtual Congress 2021 from May 5-8. Bonnie Anderson, CEO, emphasized the critical role of genomic testing in tailored breast cancer treatment decisions. Two significant studies will be showcased: one analyzing the PAM50 gene signature's impact on therapy choice for early-stage breast cancer patients, and another reflecting a consensus on genomic tests' clinical utility among European clinicians.
Veracyte (Nasdaq: VCYT) announced that six abstracts featuring its genomic tests for lung, prostate, and thyroid cancers will be presented at the 2021 ASCO Annual Meeting, taking place virtually from June 4-8, 2021. A key highlight is the Percepta Nasal Swab, a groundbreaking non-invasive test aimed at assessing lung cancer risk in patients with nodules detected via CT scans. The test aims to enhance patient care by distinguishing low-risk patients from those needing further investigation. Other abstracts include validation data for the Decipher Prostate test, focusing on its predictive capabilities for aggressive prostate cancers.
Veracyte, Inc. (Nasdaq: VCYT) published a study confirming the analytical validity of its Percepta Genomic Sequencing Classifier (GSC) for enhancing lung cancer diagnosis. This genomic test demonstrated robust performance aiding in the evaluation of inconclusive bronchoscopy results for lung nodules. The study validated the Percepta GSC's analytical sensitivity, specificity, and reproducibility across different laboratories and conditions, assuring clinicians about its reliability. With approximately 545,000 bronchoscopies annually yielding inconclusive results, the Percepta GSC has significant implications for patient management.
Veracyte (Nasdaq: VCYT) will announce its first-quarter 2021 financial results on May 10, post-market close. A conference call will follow at 4:30 p.m. ET for discussion of these results and an overall business update. Participants can join the call via a dedicated U.S./Canada toll-free number (855) 541-0980 or an international line (970) 315-0440, using Conference I.D. 2846256. The event will be available for streaming on Veracyte's website, with a replay accessible for one year.
Veracyte (Nasdaq: VCYT) announced new data on its Percepta Genomic Atlas and Envisia Genomic Classifier at the ATS 2021 International Conference, held virtually from May 14-19, 2021. The Percepta Genomic Atlas aims to enhance lung cancer treatment decisions by efficiently detecting gene variants from biopsy samples, while the Envisia Classifier improves diagnoses of interstitial lung diseases. Both advancements support Veracyte's mission to deliver genomic tests globally, leveraging the nCounter Analysis System for expanded access.