Adaptive Biotechnologies Stock Price, News & Analysis

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 42^nd Annual Cowen Healthcare Conference. Management will present on March 9^th 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 17^th 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.

Adaptive Biotechnologies (Nasdaq: ADPT) announced its participation in the BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference on February 16 at 12:30 p.m. PT / 3:30 p.m. ET. The company focuses on leveraging the biology of the adaptive immune system to develop clinical products for diagnosing and treating diseases, including cancer and autoimmune conditions. Adaptive has three commercial products and a robust clinical pipeline aimed at personalized medicine.

Adaptive Biotechnologies Corporation (Nasdaq: ADPT) has announced that it will report its financial results for the fourth quarter and full year 2021 on February 15, 2022, following market close. The company will hold a conference call at 1:30 PM PT / 4:30 PM ET to discuss the results. A live audio webcast will be available on its website, with a replay accessible within 24 hours post-event.

Adaptive is focused on the adaptive immune system, developing diagnostic and therapeutic products. They have three commercial products and a strong clinical pipeline aimed at various diseases.

Adaptive Biotechnologies (ADPT) announced preliminary revenue for 2021, estimating it between $153 million and $154 million, a significant increase of approximately 56% from $98.4 million in 2020. CEO Chad Robins cited strong performance and positioned the company for sustainable growth in immune medicine and minimal residual disease (MRD) sectors. Additionally, CFO Chad Cohen will resign effective February 15, 2022, with principal accounting officer Kyle Piskel stepping in as interim CFO. Full financial results are set to be released around February 15, 2022.

Adaptive Biotechnologies Corporation (Nasdaq: ADPT) announced its participation in the 40th Annual J.P. Morgan Healthcare Conference on January 10, 2022, at 10:30 a.m. PT / 1:30 p.m. ET. This updated presentation time reflects a change from previous announcements. Interested parties can access a live and archived webcast of the presentation on the company’s website under the 'Investors' section. The company focuses on harnessing the adaptive immune system for clinical products aimed at diagnosing and treating diseases, with three commercial products and a robust clinical pipeline.

Adaptive Biotechnologies Corporation (Nasdaq: ADPT) announced its participation in the 40th Annual J.P. Morgan Healthcare Conference on January 10th, 2022, at 12:45 p.m. PT / 3:45 p.m. ET. The company aims to translate the genetics of the adaptive immune system into clinical products to diagnose and treat diseases. Interested parties can access a live and archived webcast on the company’s website. Adaptive Biotechnologies focuses on developing immune-driven clinical products, with three commercial offerings and a robust pipeline addressing cancer, autoimmune conditions, and infectious diseases.