Welcome to our dedicated page for Castle Biosciences news (Ticker: CSTL), a resource for investors and traders seeking the latest updates and insights on Castle Biosciences stock.
Castle Biosciences, Inc. (symbol: CSTL) is a pioneering company specializing in diagnostic tests for a variety of cancers. Founded in 2008, Castle Biosciences has dedicated itself to advancing cancer care through objective and accurate testing. The company's primary mission is to provide physicians and patients with personalized, clinically actionable genomic information to facilitate more precise treatment decisions.
Castle Biosciences offers a range of diagnostic tests that assist doctors in the treatment of various cancers. Their current product portfolio includes tests for cutaneous melanoma, uveal melanoma, esophageal adenocarcinoma, mesothelioma, and glioma. Notably, their products include DecisionDx-Melanoma, DecisionDx-CMSeq, and DecisionDx-PRAME, all designed to provide vital information that can influence the course of cancer treatment.
The company is not just limited to its existing portfolio; it actively engages in research programs aimed at developing diagnostic tests for other under-served cancers, such as rectal cancer and soft tissue sarcoma. These initiatives underscore Castle Biosciences' commitment to addressing gaps in cancer diagnostics and improving patient outcomes.
Castle Biosciences collaborates closely with leading members of the oncology community to ensure that their tests are both innovative and clinically relevant. This collaboration spans the discovery, development, and practical utilization of their diagnostic tests, reinforcing their standing as a crucial player in the field of cancer diagnostics.
The company is currently in a robust financial condition, reflecting its successful commercialization efforts and consistent revenue growth. Recent achievements include expanding their test portfolio and forging strategic partnerships aimed at broadening their market reach and enhancing their technological capabilities.
For the latest updates and detailed information on Castle Biosciences, Inc. and its products, please visit their official website at www.castlebiosciences.com.
Castle Biosciences (NASDAQ: CSTL) announced that CEO Derek Maetzold will keynote the AZAdvances Life Science Innovation Showcase on October 6, 2021, during Arizona Bioscience Week, occurring from October 3-9. The event, presented by AZBio and the Arizona Commerce Authority, celebrates the state's bioscience industry and its commitment to patient care and innovation. Maetzold expressed pride in supporting future innovators through AZAdvances, which provides mentorship and funding.
Castle Biosciences (Nasdaq: CSTL) has secured approval from the New York State Department of Health for its DecisionDx® DiffDx™-Melanoma gene expression profile test. This test aims to aid dermatopathologists in diagnosing ambiguous melanocytic lesions. The approval expands the company's diagnostic offerings, which include myPath® Melanoma, enhancing the accuracy of melanoma management. Castle has previously received state approvals for other genomic tests, indicating a robust position in the dermatologic diagnostics market.
Castle Biosciences, Inc. (Nasdaq: CSTL) announced that its CEO, Derek Maetzold, and CFO, Frank Stokes, will present at the Virtual Wells Fargo Healthcare Conference on September 9, 2021, and the Baird Global Healthcare Conference on September 15, 2021. Live audio webcasts will be accessible on the company’s website, with replays available for two weeks after the events. Additionally, the company will hold one-on-one meetings during the Lake Street Capital Markets Best Ideas Growth Conference on September 14, 2021.
Castle Biosciences (NASDAQ: CSTL) has secured a five-year Federal Supply Schedule contract with the Veterans Health Administration (VHA) for its DecisionDx®-Melanoma test, effective from
Castle Biosciences (Nasdaq: CSTL) reported new insights on its skin cancer gene expression profile tests, DecisionDx-Melanoma and DecisionDx-SCC, at the 2021 AAD Summer Meeting. DecisionDx-Melanoma enhances risk prediction for melanoma metastasis using a 31-gene profile, significantly improving prognostication beyond traditional staging methods. DecisionDx-SCC, a 40-gene test, identifies high-risk cutaneous squamous cell carcinoma cases, aiding in tailored patient management. Both tests show independent, significant predictive value, promising better patient outcomes and personalized treatment decisions.
Castle Biosciences (CSTL) reported financial results for Q2 and the first half of 2021, showcasing a 79% increase in revenue to $22.8 million compared to Q2 2020. The company raised its full-year revenue guidance to $89-93 million, up from $80-83 million, due to a 70% year-over-year growth in DecisionDx®-Melanoma test reports. Notably, the acquisition of myPath® Melanoma lab expanded their diagnostic portfolio. However, operating cash flow declined to $(6.4) million.
Castle Biosciences (Nasdaq: CSTL) announced that its skin cancer gene expression profile tests will be presented at the 2021 AAD Summer Meeting from Aug. 5-8, 2021. Key presentations include:
- Integrating 31-gene expression profiling: Aug. 7, 1:50-2:02 p.m. by Nicholas Taylor, M.D.
- Risk assessment by the 40-gene expression profile test: Aug. 7, 2:32-2:44 p.m. by Aaron Farberg, M.D.
The tests are designed to improve prognostication for melanoma and cutaneous squamous cell carcinoma.
Castle Biosciences, Inc. (Nasdaq: CSTL) presented data on its gene expression profile tests, DecisionDx®-Melanoma and DecisionDx®-SCC, at the DERM2021 conference. DecisionDx-Melanoma predicts metastasis risk using individual tumor data and has shown a 98% negative predictive value in T1-T4 tumors. For DecisionDx-SCC, clinical data emphasizes its reliability (96.3%) and its role in classifying high-risk patients. The studies collectively support enhanced patient management decisions, leveraging genomic information to improve treatment outcomes.
Castle Biosciences (Nasdaq: CSTL) announces continued collaboration with the Melanoma Research Foundation (MRF) to enhance melanoma treatment through research, education, and advocacy. Castle is sponsoring the MRF Miles for Melanoma 5K events across five U.S. cities and the 2021 MRF galas in Chicago, Denver, and New York. MRF has funded over $20.1 million in melanoma research since 1998. Castle's DecisionDx-Melanoma test helps predict melanoma risk, with over 73,396 tests ordered to date, benefiting patient management.
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