Welcome to our dedicated page for Exagen news (Ticker: XGN), a resource for investors and traders seeking the latest updates and insights on Exagen stock.
Exagen Inc. (Nasdaq: XGN) is a commercial-stage diagnostics company that describes itself as a leading provider of autoimmune diagnostics and autoimmune testing solutions. Based in San Diego County, California, Exagen focuses on chronic and debilitating autoimmune conditions, particularly autoimmune rheumatic diseases. Its news flow reflects both its operational performance and its scientific and clinical activities in this specialized area.
Company news frequently covers financial results and operational updates, including quarterly earnings releases, preliminary annual results, and related guidance. These updates often discuss revenue trends, test volume for the AVISE CTD panel, average selling price metrics, and cash and cash equivalents, giving investors insight into Exagen’s commercial progress as an autoimmune diagnostics provider.
Exagen’s news also highlights developments in its testing portfolio and research programs. The company reports on enhancements to AVISE CTD, such as the commercial launch of seronegative rheumatoid arthritis markers for anti-PAD4, and on scientific milestones like the acceptance of multiple abstracts at the American College of Rheumatology’s annual meeting. These abstracts address topics including urinary biomarker panels for lupus nephritis, kidney-specific biomarker panels, T cell biomarkers, and multianalyte lupus risk scores.
Additional announcements include participation in healthcare and diagnostics investor conferences and leadership appointments, such as the addition of a Chief Scientific Officer and new board members with experience in life sciences and medical technology. Together, these news items give a view into Exagen’s financial performance, scientific focus, and corporate development. Investors and observers can use the XGN news page to follow how the company reports on its autoimmune testing business, research activities, and strategic initiatives over time.
Exagen Inc. (Nasdaq: XGN) has announced a preferred provider network agreement with Provider Network of America (PNOA), allowing over 8 million PNOA members in the U.S. to access Exagen's AVISE® tests for autoimmune disorders like rheumatoid arthritis and lupus. This partnership aims to enhance the timely diagnosis and treatment of these conditions, which often take years to diagnose accurately. The agreement is expected to support Exagen's reimbursement strategy and promote broader adoption of its testing products within the healthcare industry.
Exagen Inc. (Nasdaq: XGN) announced the appointment of Wendy S. Johnson as an independent member to its Board of Directors, effective October 1, 2020. Ms. Johnson, who will also serve on the Audit Committee, brings significant healthcare industry experience, including her role as COO at Reneo Pharmaceuticals. This strategic addition aims to support Exagen's growth strategy and enhance its patient-focused culture, reinforcing its commitment to improving care for patients with autoimmune diseases.
Exagen Inc. (Nasdaq: XGN) has launched the AVISE® Vasculitis AAV testing panel, aimed at improving the diagnosis and monitoring of ANCA-associated vasculitis (AAV). This test enhances Exagen’s AVISE® portfolio, designed to provide rapid results vital for patient care in autoimmune diseases. As stated by CEO Ron Rocca, this initiative aligns with Exagen's commitment to meet high unmet needs in the rheumatology field. The introduction of this new product underscores the company’s strategy to expand its diagnostic offerings and serve rheumatologists more effectively.
Exagen Inc. (Nasdaq: XGN) announced its participation in the Cantor Fitzgerald Virtual Global Healthcare Conference from September 15-17, 2020. Ron Rocca, President and CEO, will speak in a fireside chat on September 15 at 2:40 pm EDT. Investors can access a live webcast of the event through Exagen's investor relations page, with a replay available for 90 days post-event. Exagen focuses on transforming care for patients with autoimmune diseases, offering innovative testing products under the AVISE® brand to enhance differential diagnosis and therapeutic intervention.
Exagen Inc. (Nasdaq: XGN) announced a collaboration with the Hospital for Special Surgery (HSS) in New York City to conduct a proof-of-concept study focusing on antiphospholipid syndrome (APS). This project aims to investigate complement activation markers and other biomarkers in aPL-positive patients. The partnership reflects Exagen's commitment to enhance research and patient care in autoimmune diseases. The study will be led by Dr. Doruk Erkan at HSS, a top-ranked institution in rheumatology. Exagen continues to develop innovative testing products under its AVISE® brand, targeting various autoimmune disorders.
On July 30, 2020, Exagen (Nasdaq: XGN) announced that CEO Ron Rocca will present at the Canaccord Genuity 40th Annual Growth Conference on August 12, 2020, at 2:00 pm EDT. This year's conference will be virtual, and interested individuals can access the webcast through Exagen's investor relations website. Exagen is focused on transforming care for autoimmune disease patients, offering innovative testing products under the AVISE® brand to aid in diagnosis and treatment.
Exagen Inc. (Nasdaq: XGN) reported its financial results for Q2 2020, revealing total revenue of $8.9 million, down from $10.5 million in Q2 2019. Testing revenue experienced a decline to $6.8 million due to COVID-19 impacts. However, gross margin improved to 63%, up from 52% a year earlier, primarily due to increased SIMPONI® revenues. The company recorded a net loss of $3.4 million, widening from a loss of $2.8 million in 2019. Monthly testing volumes saw sequential improvement in May and June 2020, indicating recovery as patient visits resumed.
Exagen Inc. (Nasdaq: XGN) has announced that its AVISE test offerings will be available as a contracted service through TRICARE East, managed by Humana Military. This agreement will make AVISE tests accessible to around 6 million beneficiaries, aiming to enhance the diagnosis and monitoring of autoimmune diseases such as lupus. CEO Ron Rocca emphasized the importance of these tests in supporting rheumatologists to improve patient care.
As Exagen seeks to revolutionize the care for autoimmune disease patients, the company expects to gain greater market acceptance of its innovative testing products.
Exagen Inc. (Nasdaq: XGN) will announce financial results for Q2 2020 on July 28, 2020, before market open. The call, hosted by CEO Ron Rocca and CFO Kamal Adawi, is set for 8:00 AM ET (5:00 AM PT). Interested parties can join via phone or webcast through Exagen's investor relations site. A replay will be available until August 4, 2020. Exagen focuses on enhancing care for autoimmune disease patients through advanced testing products, optimizing diagnosis, and treatment strategies.
Exagen Inc. (Nasdaq: XGN) has announced an exclusive license agreement with the Ohio State Innovation Foundation to develop a novel blood test for diagnosing fibromyalgia. This test aims to differentiate fibromyalgia from conditions like rheumatoid arthritis and lupus, potentially addressing the needs of around 12 million undiagnosed patients in the U.S. The technology, based on recent research, could enhance early diagnosis and treatment, thereby reducing misdiagnoses related to autoimmune diseases. Exagen’s commitment is to innovate in autoimmune diagnostics for better patient outcomes.