Welcome to our dedicated page for Biodesix news (Ticker: BDSX), a resource for investors and traders seeking the latest updates and insights on Biodesix stock.
Biodesix, Inc. (BDSX) is a trailblazing diagnostic solutions company specialized in the development and commercialization of blood-based molecular diagnostic tests. These tests advance the standard of care in oncology by providing invaluable data to help patients and their doctors make more informed decisions based on a patient's unique molecular profile. This approach is at the heart of precision medicine, aiming to provide the right treatment to the right patient at the right time.
The company is particularly focused on lung disease and operates in a single segment dedicated to providing diagnostic testing services. Biodesix partners with pharmaceutical companies to develop and commercialize diagnostic tests that accelerate drug development pipelines and bring effective therapies to the market.
Among its notable products are two commercialized tests, VeriStrat® and GeneStrat™, which offer rapid results within 72 hours and do not require tissue samples. These tests enable quicker and more precise treatment decisions, facilitating optimal patient care.
Biodesix's revenue streams come from two primary sources: providing diagnostic testing services related to blood-based lung and COVID-19 tests, and offering biopharmaceutical companies services for diagnostic research, clinical trial testing, and companion diagnostics development. These services are generally performed outside the clinical setting and are governed by individual contracts with third parties.
Recently, Biodesix has been in the news for various significant developments. The latest updates highlight the company's ongoing projects, partnerships, and achievements in the diagnostic field. Stay tuned for more updates as Biodesix continues to innovate in precision medicine and diagnostic solutions.
Biodesix, Inc. (BDSX) has published new data validating the GeneStrat NGS test in the peer-reviewed journal, Diagnostics. This study confirms the efficacy of liquid biopsy tests for detecting tumor markers, contributing to lung cancer diagnostics. Biodesix will present findings on both the GeneStrat ddPCR and NGS tests at the AACR Annual Meeting from April 8-13, 2022. The combination of droplet digital PCR and NGS techniques enhances testing for non-small cell lung cancer (NSCLC), improving treatment options with rapid results.
Biodesix, Inc. (BDSX) reported its fourth-quarter and fiscal year 2021 results, showing lung diagnostic revenue of $5.4 million and $18.7 million, up 48% and 49% year-over-year. Total revenue reached $7.2 million for Q4 and $54.5 million for the year. The company doubled its sales force, which fueled growth. Despite the challenges of the pandemic, Biodesix plans to launch the GeneStrat NGS™ test in January 2022. However, net losses increased significantly, totaling $13.3 million for Q4 and $43.2 million for the year.
Biodesix, Inc. (Nasdaq: BDSX) has entered a purchase agreement with Lincoln Park Capital Fund, LLC to issue and sell up to $50 million of its common stock over a 36-month period. The agreement allows Biodesix to sell stock at its discretion, with no upper limit on purchase price based on market conditions. Proceeds will support growth initiatives and corporate purposes. The company retains the right to terminate the agreement without penalty, and there are no short-selling provisions involved.
Biodesix (NASDAQ: BDSX) presented critical data on its Primary Immune Response (PIR) test at the IASLC 2022 Lung Cancer Meeting. The PIR test categorizes patients into PIR-Not Resistant and PIR-Resistant, predicting responses to immune checkpoint inhibitors (ICIs). Results indicated that the test could forecast survival outcomes (HR=2.36, p=0.02 at baseline; HR=3.53, p=0.001 after ICI initiation) and identify those prone to rapid onset of immune-related adverse events (HR=2.40, p=0.08). The test is expected to commercially launch in 2023.
Biodesix, a data-driven diagnostic solutions company focused on lung disease, announced that CEO Scott Hutton will present at Cowen’s 42nd Annual Healthcare Conference on March 8, 2022, at 2:50 PM ET. The presentation will be available for live webcast and replay on Biodesix's website. Biodesix develops innovative diagnostic tests to aid in lung disease management, leveraging AI and multi-omics technology to improve patient outcomes.
Biodesix (NASDAQ: BDSX) will announce its financial results for Q4 and full year 2021 on March 14, 2022, before market open. A conference call will follow at 8:30 AM ET to discuss these results and provide a business update. The company specializes in diagnostic solutions for lung diseases, offering eight non-invasive tests. Key products include the Nodify Lung risk assessment tests and IQLung cancer support tests, which deliver rapid results. Biodesix continues to innovate with AI-driven diagnostics and has responded to the pandemic with additional SARS-CoV-2 testing.
Biodesix, Inc. (NASDAQ: BDSX) announced its CEO was recognized as one of the Top 25 Biotech CEOs of 2022 by The Healthcare Technology Report. This acknowledgment reflects the CEO's leadership philosophy focusing on improving health outcomes. Under his guidance, Biodesix has expanded its role in lung disease diagnostics. The company offers innovative non-invasive tests and collaborates with leading biotech firms using AI to enhance diagnostic solutions. This recognition signifies the team's commitment to impacting patients with critical lung diseases.
Biodesix, Inc. (NASDAQ: BDSX) reported a strong 2021, with total revenue of
Biodesix (Nasdaq: BDSX) announced that CEO Scott Hutton will present at the BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference on February 16, 2022, at 4:30 PM ET. The company specializes in data-driven diagnostic solutions for lung diseases, offering innovative tests like Nodify Lung® for risk assessment and IQLung™ for treatment decisions in lung cancer. Biodesix utilizes AI technology to enhance diagnostic accuracy and has launched several tests, including those for COVID-19, to address urgent health needs.
PierianDx has partnered with Biodesix to enhance the GeneStrat NGS genomic test, aimed at detecting actionable mutations in patients with non-small cell lung cancer (NSCLC). The collaboration will utilize PierianDx's interpretation technology to provide comprehensive clinical interpretations for the mutations identified, facilitating personalized treatment plans. The GeneStrat NGS test can deliver results within 72 hours, significantly improving the speed of patient care. Both companies highlight their commitment to precision medicine and democratizing access to genomic testing.
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