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Agilent Technologies Inc., originally spun out of Hewlett-Packard in 1999, has evolved into a leading firm in the life sciences and diagnostics sector. The company specializes in creating advanced measurement technologies that serve a vast range of customers across various industries.
The company's core business revolves around three main segments: life science and applied tools, cross lab (which includes consumables and services related to life sciences and applied tools), and diagnostics and genomics. These segments collectively cater to a broad spectrum of markets, including biopharmaceuticals, chemicals, advanced materials, clinical labs, environmental testing, forensics, food safety, academic research, and government-related organizations.
Agilent's geographical reach is extensive, with significant operations in the U.S. and China. The company is committed to addressing global trends impacting human health and the environment and continuously anticipates future scientific needs.
Agilent provides comprehensive laboratory solutions that enhance the efficiency of laboratories, from sample preparation to data interpretation and management. Their instruments, software, services, and consumables are designed to meet the most complex laboratory demands, empowering scientists and researchers worldwide to make impactful discoveries and improvements in various fields.
Recent achievements include advancements in biopharmaceutical technology, collaborations with leading research institutions, and the launch of state-of-the-art diagnostic tools. The company also emphasizes sustainable practices and innovations aimed at improving human health and environmental outcomes.
Agilent Technologies (NYSE: A) has entered into a strategic agreement with Quest Diagnostics (NYSE: DGX) to facilitate access to the ctDx FIRST liquid biopsy next-generation sequencing test for advanced non-small cell lung cancer (NSCLC) patients in the U.S. This FDA-approved test will provide healthcare providers with a minimally invasive option to determine if patients could benefit from KRAZATI™ treatment. The collaboration aims to enhance the implementation of precision medicine in oncology, allowing healthcare providers to electronically order the test through Quest’s platform and utilize its extensive patient network.
Agilent Technologies (NYSE: A) has been recognized as one of the top 100 Most JUST companies, ranking 35 in the annual list by Just Capital and CNBC. This marks its fifth consecutive year in the ranking, with Agilent leading its sector in employee treatment, customer satisfaction, and environmental impact. Agilent's commitment to corporate responsibility is underlined by its recognition as a Great Place to Work in 20 countries and being listed among the best workplaces in health care by Fortune. The company's revenue reached $6.85 billion in fiscal 2022, employing 18,000 people globally.
Agilent Technologies Inc. (NYSE: A) has announced a new share repurchase program, authorizing up to $2 billion to buy back its common stock starting March 1. This initiative replaces the existing program aimed at minimizing share dilution. CFO Bob McMahon emphasized that this program is crucial for balanced capital deployment, focusing on growth and delivering strong returns to shareholders. Repurchases will depend on various factors including stock price and market conditions.
Agilent Technologies (NYSE: A) is investing approximately
Agilent Technologies (NYSE: A) has partnered with Akoya Biosciences (NASDAQ: AKYA) to commercialize end-to-end workflow solutions for tissue biomarker analysis in companion diagnostic development. This collaboration aims to create multiplex-immunohistochemistry diagnostic solutions, integrating Agilent's Dako Omnis autostaining instrument and Akoya's PhenoImager HT imaging platform. The partnership enhances clinical research capabilities for biopharma companies developing cancer therapeutics, enabling improved patient stratification and biomarker validation.
Agilent Technologies (NYSE: A) has acquired Avida Biomed, a life sciences firm specializing in target enrichment workflows for cancer research. This acquisition enhances Agilent's SureSelect portfolio and positions the company for expansion in clinical research and diagnostics. Avida's innovative technology allows for simultaneous genomic and DNA methylation profiling from a single sample, improving efficiency. This strategic move will enable Agilent to better support oncology researchers and advance precision medicine applications globally.
Agilent Technologies (NYSE: A) announced that CEO Mike McMullen and CFO Bob McMahon will present at the Goldman Sachs Healthcare CEOs Unscripted Conference on January 5, 2023, at 2:05 p.m. ET, and the J.P. Morgan Healthcare Conference on January 10, 2023, at 9:00 a.m. PT. Both events will be webcasted live, accessible via Agilent's Investor Relations website. Agilent is recognized as a leader in the life sciences and diagnostics fields, generating $6.85 billion in revenue in fiscal 2022 and employing 18,000 people globally.
Agilent Technologies (NYSE: A) has received FDA approval for the Resolution ctDx FIRST, a liquid biopsy companion diagnostic to identify advanced non-small cell lung cancer (NSCLC) patients with KRAS G12C mutations who may benefit from KRAZATI (adagrasib). This marks the first FDA-approved liquid biopsy NGS assay as a CDx for KRAZATI. The assay provides broad genomic profiling on 109 genes, facilitating treatment decisions for approximately 14% of NSCLC patients with KRAS mutations and 32% with EGFR mutations. The minimally invasive approach allows for faster diagnostics, benefiting patient care.
Agilent Technologies Inc. has opened a new Customer Experience Center (CEC) in Lexington, Massachusetts, aimed at enhancing customer education in genomics and diagnostics. This facility will act as a hub for hands-on training, product demonstrations, and workflow solutions, catering to a growing base of pathologists, clinicians, and researchers. The CEC's strategic location ensures accessibility for a high concentration of Agilent's customers. The company generated $6.85 billion in revenue in fiscal 2022, underlining its significant market presence.
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