Welcome to our dedicated page for Adaptive Biotechnologies news (Ticker: ADPT), a resource for investors and traders seeking the latest updates and insights on Adaptive Biotechnologies stock.
Adaptive Biotechnologies Corporation (ADPT) is a leader in immune-driven diagnostics, pioneering NGS-based solutions for minimal residual disease detection and immune system mapping. This page serves as the definitive source for official company announcements, financial disclosures, and scientific advancements.
Investors and researchers will find curated updates including earnings reports, regulatory milestones, and partnership developments in precision medicine. Our repository ensures immediate access to press releases about clonoSEQ adoption, clinical trial collaborations, and innovations in immune medicine.
All content is rigorously verified to provide reliable insights into ADPT's strategic direction within the biotechnology sector. Bookmark this page for real-time updates on diagnostic advancements and market-moving developments.
Adaptive Biotechnologies (Nasdaq: ADPT) has launched T-Detect Lyme, a test designed to detect early Lyme disease with significantly higher sensitivity than existing antibody tests. This simple blood test identifies T cells activated by Borrelia burgdorferi, the Lyme disease-causing bacterium, thereby improving the accuracy of early Lyme diagnoses. With an approximate sensitivity of over 1.5 times that of standard testing, T-Detect Lyme could potentially identify cases that traditional tests miss, benefiting the estimated half a million newly infected individuals annually in the U.S.
Adaptive Biotechnologies (Nasdaq: ADPT) will present data at the ASCO Annual Meeting (June 3-7, 2022) highlighting the effectiveness of its clonoSEQ assay for measuring minimal residual disease (MRD) in blood cancers. clonoSEQ is the first FDA-cleared test for MRD in chronic lymphocytic leukemia (CLL), multiple myeloma (MM), and B-cell acute lymphoblastic leukemia (B-ALL). The data support clonoSEQ's role in assessing treatment response and patient outcomes, marking a significant step towards standardizing MRD assessment in lymphoid cancers.
Adaptive Biotechnologies Corporation (Nasdaq: ADPT) will participate in two upcoming investor conferences. The William Blair 42nd Annual Growth Stock Conference takes place on June 8 at 3:20 p.m. CT in Chicago, IL, while the Goldman Sachs 43rd Annual Global Healthcare Conference is scheduled for June 15 at 10:00 a.m. PT in Rancho Palos Verdes, CA.
Live and archived webcasts will be accessible via their website.
Adaptive Biotechnologies reported a Q1 2022 revenue of $38.6 million, a slight 0.5% increase year-over-year. The clonoSEQ test volume surged by 45% compared to Q1 2021. However, MRD revenue saw a 3% decline to $17.8 million. Operating expenses rose significantly by 28% to $101.7 million, resulting in a net loss of $62.8 million, compared to $40.6 million in Q1 2021. The company maintains its full-year revenue guidance of $185 million to $195 million.
Adaptive Biotechnologies, a biotechnology company listed on Nasdaq under the symbol ADPT, announced its participation in the BofA Securities 2022 Healthcare Conference in Las Vegas. Management will host a fireside chat on May 11 at 8:40 a.m. PT. Interested individuals can access the live and archived webcast via the company's website. Adaptive focuses on leveraging the adaptive immune system to develop clinical products for disease diagnosis and treatment, with a robust pipeline targeting cancer, autoimmune, and infectious diseases.
Adaptive Biotechnologies Corporation (Nasdaq: ADPT) announced it will report its first quarter 2022 financial results on May 4, 2022, after market close. The conference call is set to begin at 1:30 p.m. Pacific Time. Investors can access the live webcast on the company's website, which will also be archived for later listening. Adaptive Biotechnologies focuses on the adaptive immune system's genetics to develop diagnostics and treatments for diseases, including cancer and autoimmune conditions. The company currently has three commercial products and a strong clinical pipeline.
Adaptive Biotechnologies announces the appointment of Tycho Peterson as CFO, bringing decades of financial leadership in life sciences. This change coincides with a strategic reorganization into two areas: Minimal Residual Disease (MRD) and Immune Medicine. The MRD segment will leverage the clonoSEQ diagnostic test, while the Immune Medicine division will focus on T-cell mapping initiatives. This restructuring will involve a workforce reduction of approximately 12% and aims to enhance growth opportunities, aligning with the company's vision for future developments.
Adaptive Biotechnologies Corporation (Nasdaq: ADPT) announced its virtual participation in the 42nd Annual Cowen Healthcare Conference. Management will present on March 9th at 6:50 a.m. PT / 9:50 a.m. ET. The presentation will be available via a live and archived webcast on the company’s website. Adaptive Biotechnologies focuses on leveraging the adaptive immune system’s genetics to develop clinical products aimed at diagnosing and treating diseases, including cancer and autoimmune conditions. For more details, visit adaptivebiotech.com.
Adaptive Biotechnologies (ADPT) presented findings at the 17th ECCO, showcasing the use of its ImmunoSEQ® technology to identify T-cell receptors (TCRs) related to Crohn's disease (CD). The study analyzed samples from 1,738 CD patients and 4,970 healthy donors, identifying 1,121 CD-associated TCRs. These findings highlight the potential for earlier diagnosis of CD through blood tests, addressing the significant delay in symptom recognition to diagnosis. The research also explored associations between HLA alleles and CD TCRs, signaling a new avenue for understanding disease mechanisms.
Adaptive Biotechnologies reported a 57% revenue increase in 2021, reaching $154.3 million. The fourth quarter generated $37.9 million, up 26% year-over-year, with sequencing revenue soaring by 81%. Despite these gains, operating expenses rose 34% to $99.5 million, resulting in a net loss of $61.4 million for the quarter. The company's cash reserves were robust at $570.2 million as of December 31, 2021. Management is set to provide guidance for 2022 during a conference call.
