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 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.
Veracyte (Nasdaq: VCYT) announced the retirement of CFO Keith Kennedy, effective May 15, 2021, with Jane Alley stepping in as acting CFO. The company projected first-quarter revenue of $36M to $37M, a 17.3% increase from last year. Product testing volume is expected between 14,000 and 14,500 tests, reflecting a 9.3% growth. The first financial results will be released on May 10, 2021, followed by a conference call. Veracyte's recent acquisition of Decipher Biosciences strengthens its position in urologic cancer diagnostics.
Veracyte (Nasdaq: VCYT) announced a significant milestone in its partnership with Acerta Pharma, marking the enrollment of the first patient in the Phase 3 ESCALADE trial. This study will assess the efficacy and safety of acalabrutinib combined with R-CHOP therapy for patients aged 18-65 diagnosed with untreated diffuse large B-cell lymphoma (DLBCL). The LymphMark genomic test will be used to identify suitable patients, aiming to enhance treatment outcomes. DLBCL accounts for approximately 30% of lymphomas, with over 500,000 new non-Hodgkin lymphoma cases worldwide in 2018.
Veracyte (Nasdaq: VCYT) announced that Bonnie Anderson, CEO and Chairman, will participate in a fireside chat during the 20th Annual Needham Virtual Healthcare Conference on April 13, 2021, at 2:15 p.m. ET. The live audio webcast can be accessed via Veracyte's website, and a replay will be available for 90 days post-event. Veracyte is known for its genomic diagnostics which aid in cancer diagnosis and treatment, offering tests for lung, prostate, breast, thyroid, and bladder cancers.
Veracyte, Inc. (Nasdaq: VCYT) has appointed Muna Bhanji, R.Ph., a seasoned healthcare executive, to its board of directors. With over 30 years in the biopharmaceutical field, Bhanji's expertise includes commercialization and market access strategies across global markets. CEO Bonnie Anderson expressed confidence in Bhanji's ability to support Veracyte's expansion, particularly with the upcoming international launch of the Envisia Genomic Classifier aimed at enhancing diagnostic capabilities for lung disease.
Veracyte has completed its acquisition of Decipher Biosciences for $600 million, enhancing its position in genomic diagnostics and expanding to address 7 of the 10 most common cancers in the U.S. This strategic move aims to accelerate revenue growth and improve patient outcomes by leveraging Decipher's expertise in urologic cancers alongside Veracyte's advanced testing platform. Dr. Tina Nova, former CEO of Decipher, will lead urologic cancers operations at Veracyte.
Veracyte (Nasdaq: VCYT) applauded the U.S. Preventive Services Task Force (USPSTF) for its revised lung cancer screening recommendations, lowering the screening age from 55 to 50 and reducing smoking history criteria. This change is expected to increase eligibility for low-dose CT scans to nearly 15 million Americans. The company emphasizes the importance of early detection in saving lives and is developing innovative tests to enhance the diagnosis and management of lung cancer. The Percepta® Genomic Sequencing Classifier and a noninvasive nasal swab test are set to launch in late 2021.
Veracyte, a global genomic diagnostics company (Nasdaq: VCYT), announced that its CEO, Bonnie Anderson, will participate in a fireside chat at the 10th Annual SVB Leerink Global Healthcare Conference on February 24, 2021, at 3:40 p.m. Eastern Time. A live audio webcast will be available on Veracyte’s website, with a replay accessible for 90 days post-event. Veracyte focuses on improving patient care through genomic tests for diseases like cancer, minimizing the need for invasive procedures and expediting appropriate treatment.
Veracyte, Inc. (Nasdaq: VCYT) reported Q4 2020 revenue of $34.5 million, a 16% increase year-over-year, driven by a rebound in genomic testing volumes. However, total revenue for the full year decreased by 2% to $117.5 million. The company expects to close its $600 million acquisition of Decipher Biosciences by April 1, 2021, aiming for combined revenue of $190 million to $200 million in 2021, a 65% growth outlook. Operating expenses rose 13% in Q4, contributing to a net loss of $8.0 million for the quarter.
Veracyte, Inc. (Nasdaq: VCYT) has announced that Bonnie Anderson, chairman and CEO, will participate in a fireside chat at the BTIG Virtual MedTech, Digital Health, Life Science & Diagnostic Tools Conference on February 18 at 1:30 p.m. Eastern Time. Investors can access the live audio webcast via Veracyte’s website, with a replay available for 90 days post-presentation. Veracyte is a global genomic diagnostics company focused on enhancing patient care through genomic testing for cancer and other diseases, aiming to facilitate quicker diagnosis and treatment.