Biodesix, Inc. - BDSX STOCK NEWS

Biodesix, a diagnostic solutions company focusing on lung disease, will release its Q2 financial results on August 4, 2022, before trading begins. A conference call will take place at 8:00 a.m. ET for a financial discussion and business update. The company's non-invasive tests, such as Nodify Lung and IQLung, aim to improve lung disease diagnostics and treatment decisions. Biodesix utilizes advanced AI for diagnostic solutions and has expanded its testing portfolio in response to the COVID-19 pandemic.

Biodesix, Inc. (Nasdaq: BDSX) announced Medicare coverage for its Nodify CDT® lung nodule test, a significant milestone for lung nodule management. This test is part of Biodesix’s Nodify Lung® Nodule Risk Assessment strategy, which also includes the Nodify XL2® test. Both tests assist physicians in determining whether lung nodules are likely malignant or benign. With all five blood-based diagnostic tests now covered by Medicare, Biodesix aims to enhance patient access and expedite treatment decisions, crucial for lung cancer care.

Biodesix, a leader in diagnostic solutions for lung disease, announced the development of a novel minimal residual disease (MRD) test in collaboration with Memorial Sloan Kettering Cancer Center and Bio-Rad. This initiative, part of a master sponsored research agreement, aims to enhance cancer treatment through advanced diagnostic tests. The project will leverage Biodesix's capabilities in genomics, proteomics, and AI, focusing initially on a highly sensitive MRD test for solid tumors using the ddPCR™ platform. CEO Scott Hutton emphasized this project as a significant milestone.

Biodesix, a diagnostic solutions company focused on lung disease, announced that CEO Scott Hutton will present at the 42nd Annual William Blair Growth Stock Conference on June 8, 2022, at 9:20 a.m. CT in Chicago, IL. The company encourages investors to schedule meetings with management during the event. A live webcast of the presentation will be available on the company's website, with a replay accessible for 90 days. Biodesix specializes in comprehensive blood-based tests to assess lung disease risks, significantly enhancing patient care.

Biodesix, a data-driven diagnostic solutions company focused on lung disease, announced that CEO Scott Hutton will present at the H.C. Wainwright Global Investment Conference from May 23-25, 2022. The pre-recorded presentation will be available on-demand starting May 24 at 7:00 AM ET through the company's website. Biodesix specializes in non-invasive tests for lung diseases, utilizing multi-omics and AI technology. Their innovative tests, such as Nodify XL2 and IQLung, support critical decision-making in lung cancer treatment.

Biodesix, Inc. (BDSX) reveals clinical utility data for its Nodify XL2 Risk Assessment Test at the American Thoracic Society (ATS) 2022 Conference, held May 13-18 in San Francisco. The study shows that the test effectively reduces unnecessary imaging and procedures for lung nodules with a malignancy probability of ≤ 50%, presenting significant advantages in clinical management. Additionally, the ALTITUDE trial will be discussed, evaluating the clinical utility of the Nodify XL2. These presentations reinforce Biodesix's commitment to advancing lung disease diagnostics.

Biodesix (BDSX) announced Q1 2022 results with total revenue of $6.5 million, a 77% decrease year-over-year, influenced by lower COVID-19 diagnostic testing. However, core lung diagnostic revenue rose 17% to $4.6 million, driven by the Nodify test. The company added $27.4 million in debt and equity funding in Q2 2022, enhancing financial stability. Operating expenses increased 10% to $17.8 million, leading to a net loss of $15.6 million, a 124% increase. The outlook for 2022 remains positive, expecting total revenue between $37.5 and $39.5 million.

Biodesix (NASDAQ: BDSX) will announce its Q1 2022 financial results on May 11, 2022, before market open. A conference call will take place at 8:00 a.m. ET the same day, allowing management to discuss results and provide business updates. Biodesix specializes in diagnostic solutions for lung diseases, utilizing advanced AI technology.

The company has developed non-invasive tests addressing significant clinical questions, including the Nodify Lung® tests for risk assessment and the IQLung™ tests for treatment decisions in lung cancer patients.

Biodesix, Inc. (BDSX) announced a private placement of 6,508,376 common shares on April 7, 2022, raising approximately $11.7 million in net proceeds. These funds will support term loan repayment and general corporate purposes. The company also executed a Third Amendment to its 2021 Term Loan, providing additional financial flexibility. The repayment plan includes $3.0 million in April 2022 and another $2.0 million potentially extending to September 30, 2022. Biodesix reaffirms its 2022 revenue guidance of $37.5 million to $39.5 million.