Castle Biosciences, Inc. - CSTL STOCK NEWS

Castle Biosciences (NASDAQ: CSTL) has been honored with the 2022 AZBio Fast Lane Award for its significant growth and commitment to patient care over the past 18 months. The company saw its workforce more than double, expanding from 201 to over 480 employees. Key achievements include strategic acquisitions in gastroenterology and mental health, the publication of 22 peer-reviewed papers, and a collaboration with the National Cancer Institute revealing a 27% improvement in survival rates for melanoma patients tested with DecisionDx-Melanoma.

Castle Biosciences (CSTL) will present at Baird’s 2022 Global Healthcare Conference on Sept. 13, 2022, at 2:00 p.m. ET. The presentation, led by CEO Derek Maetzold and CFO Frank Stokes, will be available via a live audio webcast on their website, with a replay for 90 days. Additionally, they will participate in one-on-one investor meetings at the Lake Street Best Ideas Growth Conference on Sept. 14, 2022. Castle is focused on diagnostics for conditions like skin cancers and Barrett’s esophagus.

Castle Biosciences, Inc. (CSTL) will host an Investor Day on Sept. 20, 2022, from 4:00 p.m. to 6:30 p.m. EDT, featuring insights on corporate strategy, growth plans, and financial outlook. Key executives, including Derek Maetzold and Frank Stokes, will lead the discussions. Attendees can register for the virtual event via the company's investor relations page. Castle focuses on innovative diagnostic tests for various health conditions, aiming to enhance patient care.

Castle Biosciences (CSTL) reported a 53% increase in Q2 2022 revenue to $34.8 million, alongside a 57% rise in total test reports delivered. The firm raised its full-year revenue guidance to $130–135 million. Key test volumes included 7,125 DecisionDx-Melanoma reports, up 39%, and 1,344 DecisionDx-SCC reports, up 71%. Despite positive revenue growth, net loss for Q2 was $(1.6) million, an improvement from $(8.8) million in 2021. Cash and equivalents stood at $273 million as of June 30, 2022.

Castle Biosciences (NASDAQ: CSTL) announced that the American Gastroenterological Association recognizes its TissueCypher® Barrett’s Esophagus test as beneficial for risk stratification in patients with non-dysplastic Barrett’s esophagus. This test aims to predict progression to high-grade dysplasia (HGD) and esophageal adenocarcinoma (EAC). The AGA's best practice advice highlights the potential of TissueCypher to enhance clinical decision-making, identifying high-risk patients who may benefit from tailored treatment plans. This represents a significant advancement in managing Barrett’s esophagus.

Castle Biosciences (NASDAQ: CSTL) is set to present a company overview at the Canaccord Genuity 42nd Annual Growth Conference on August 10, 2022, at 1:00 p.m. Eastern time. The presentation will be led by Derek Maetzold, CEO, and Frank Stokes, CFO. Investors can access a live audio webcast on the company's website, with a replay available for two weeks thereafter. Castle specializes in innovative diagnostics for various health conditions, including skin cancers and mental health issues, driving advancements in patient care.

Castle Biosciences, Inc. (CSTL) will release its financial results for Q2 and six months ending June 30, 2022, after market close on August 8, 2022. A conference call to discuss the results is scheduled for 4:30 p.m. Eastern Time on the same day. The webcast will be available on the company's Investor Relations page. Castle specializes in diagnostics, focusing on innovative tests for skin cancers and other conditions, with ongoing research in new test developments.

Castle Biosciences (NASDAQ: CSTL) announces a milestone of over 100,000 orders for its DecisionDx-Melanoma test. This test assists in guiding treatment decisions for patients diagnosed with cutaneous melanoma. Since its launch, more than 105,000 tests have been ordered by over 10,200 providers. The test's clinical utility is backed by over 35 peer-reviewed publications and has shown a 27% improvement in melanoma-specific survival in recent studies. The company's commitment to transforming patient care continues to drive its innovations in diagnostics.

Castle Biosciences (NASDAQ: CSTL) announced a presentation on its DecisionDx-Melanoma test at the 2022 American Academy of Dermatology Innovation Academy in Vancouver, Canada, from July 21-24. The test assesses individual risk for sentinel lymph node positivity and melanoma recurrence using a 31-gene expression profile. Dr. Aaron Farberg will discuss how this test aids in decision-making and improves patient outcomes. Over 97,288 tests have been ordered as of March 31, 2022, showing significant engagement and validation in melanoma management.