Company Description
Interpace Biosciences, Inc. (IDXG) is a molecular diagnostics company focused on enabling personalized medicine across the cancer care continuum. According to company disclosures, Interpace offers specialized services along the therapeutic value chain, from early diagnosis and prognostic planning to targeted therapeutic applications. Its clinical services are provided through its Interpace Diagnostics subsidiary and center on molecular diagnostic tests, bioinformatics, and pathology services used to evaluate cancer risk.
Core business and clinical focus
Interpace states that it provides clinically useful molecular diagnostic tests and bioinformatics and pathology services for evaluating the risk of cancer by leveraging technology in personalized medicine to support improved patient diagnosis and management. The company’s test portfolio has evolved over time but consistently emphasizes cancer risk stratification and support for physician decision-making.
Recent company descriptions highlight that Interpace has become a thyroid-focused clinical diagnostics business. Management has described certain reporting periods as the first full quarters of Interpace operating as a thyroid-only diagnostics testing company, reflecting a transition away from other reimbursed indications. In this context, thyroid testing has been identified by the company as its primary commercial focus.
Thyroid cancer diagnostics: ThyGeNEXT and ThyraMIRv2
Interpace reports that it has commercialized two key molecular tests for thyroid cancer:
- ThyGeNEXT – described by the company as a test for the diagnosis of thyroid cancer from thyroid nodules utilizing a next-generation sequencing assay.
- ThyraMIRv2 – used in combination with ThyGeNEXT for the diagnosis of thyroid cancer, utilizing what Interpace describes as a proprietary microRNA pairwise expression profiler along with algorithmic classification.
The company refers to ThyGeNEXT and ThyraMIRv2 together as a combination platform that integrates next-generation DNA/RNA mutation analysis with microRNA expression profiling. Interpace characterizes this approach as a “panel-to-pathways” strategy that refines malignancy risk in indeterminate thyroid nodules, including Bethesda III/IV nodules and RAS-like or mutation‑negative cases. Company communications state that this risk refinement is intended to support physicians in making confident and informed patient-management decisions.
Interpace has also highlighted real-world data and independent institutional experiences presented at scientific meetings, describing how its combination platform has been used on archival cytology slides and in large cohorts of indeterminate thyroid nodules. These presentations, as described by the company, emphasize the platform’s role in refining risk stratification and potentially reducing repeat procedures.
Other molecular diagnostic tests and programs
In addition to its thyroid-focused platform, Interpace has described other molecular tests in its portfolio in prior and more recent company materials:
- RespriDX – characterized by Interpace as a test that differentiates lung cancer of primary versus metastatic origin.
- BarreGEN – described as a molecular-based assay that helps resolve the risk of progression of Barrett’s Esophagus to esophageal cancer. Interpace has stated that BarreGEN is in a clinical evaluation program (CEP), under which the company gathers information from physicians using the test to collect clinical evidence on safety and performance and to generate data that may support payer reimbursement.
Earlier company disclosures also referenced additional commercialized tests such as PancraGEN and PanDNA for pancreatic indications, and noted that the company had five commercialized molecular tests and one test in CEP at that time. Subsequent communications describe the impact of Medicare coverage decisions on PancraGEN and indicate that Interpace has restructured around its thyroid testing franchise, with plans and expectations framed around remaining sustainable and profitable as a thyroid-focused business.
Reimbursement changes and portfolio restructuring
Interpace has reported that its PancraGEN test, a DNA-based molecular diagnostic used to assess the risk of pancreatic cyst progression to cancer, was historically reimbursed under a test-specific local coverage determination and used for Medicare patients. Company announcements explain that a Local Coverage Determination (LCD) for genetic testing in oncology established non-coverage for PancraGEN, leading Interpace to state that it would no longer accept specimens for this test after specified dates.
In connection with these reimbursement developments, Interpace has publicly discussed restructuring plans and has stated that it expects to remain profitable as a thyroid-focused business. The company has indicated that its testing franchise for indeterminate thyroid nodules, based on ThyGeNEXT and ThyraMIRv2, is expected to support ongoing profitability and sustainability following the loss of PancraGEN reimbursement.
Financial reporting and operational themes
Interpace regularly publishes financial and business updates, including quarterly and annual results. In these communications, the company has highlighted themes such as:
- Growth in thyroid test volume and thyroid-related revenue.
- Record testing volumes, revenue, and cash collections in certain reporting periods.
- Use of AI and automation in laboratory operational efficiency as part of a digital strategy, as described by the company.
- Efforts to improve reimbursement, average revenue per test, and days sales outstanding.
Interpace has also emphasized its use of non-GAAP metrics such as Adjusted EBITDA, which it defines in its financial disclosures, and has discussed how these metrics are used by management to evaluate cash flow from the ongoing business.
Capital structure and debt repayment
In a reported material event, Interpace disclosed that it fully repaid its outstanding term loan facility with BroadOak Capital Partners before the facility’s maturity date. Company statements describe this early repayment as eliminating related interest expenses and providing increased operational flexibility. Interpace has characterized this step as part of strengthening its balance sheet and supporting future commercial growth, particularly as it continues to report record thyroid testing volumes and revenue.
Stock listing and sector classification
Interpace Biosciences trades under the ticker symbol IDXG on the OTCQX market. Based on the provided classification, the company is associated with the Manufacturing sector and the Dental Laboratories industry category. Within that framework, Interpace’s own descriptions focus on molecular diagnostics, personalized medicine, and cancer risk evaluation services delivered through its clinical laboratory operations.
Risk disclosures and forward-looking statements
Interpace’s public communications include forward-looking statements that discuss potential future financial and operating performance, as well as risks and uncertainties. The company refers readers to the Risk Factors section of its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the U.S. Securities and Exchange Commission for more detailed information about these risks. Interpace also notes that forward-looking statements are based on current expectations and that actual results may differ materially.
How Interpace describes its role in personalized medicine
Across its press releases and company descriptions, Interpace consistently portrays itself as an emerging participant in personalized medicine. It emphasizes molecular diagnostic testing, bioinformatics, and pathology services that are intended to help physicians evaluate cancer risk, refine malignancy risk in indeterminate nodules, and inform patient-management decisions. The company’s shift toward a thyroid-focused testing franchise, anchored by ThyGeNEXT and ThyraMIRv2, is presented as a central element of its current business model.
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Short Interest History
Short interest in Interpace Biosciences (IDXG) currently stands at 59 shares, up 490.0% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has decreased by 74.6%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Interpace Biosciences (IDXG) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed.