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Castle Biosciences - CSTL STOCK NEWS

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.

Company Overview

Castle Biosciences Inc. (CSTL) is a commercial-stage biotechnology company with a specialized focus on diagnostic tests for cancer. Leveraging advancements in genomic testing and personalized medicine, the company provides clinicians with actionable, clinically validated genomic information across a range of cancers. Through its innovative and objective testing protocols, Castle Biosciences aids in the accurate diagnosis and treatment planning of cancer patients, thereby contributing to improved patient outcomes.

Core Business and Test Portfolio

The core business of Castle Biosciences is anchored in the development and commercialization of state-of-the-art diagnostic tests. The company’s tests are meticulously developed through collaborative efforts with key members of the oncology community, ensuring that each test meets rigorous clinical standards. Its portfolio includes tests designed to aid in the treatment of cutaneous and uveal melanoma, esophageal adenocarcinoma, mesothelioma, and glioma, along with specialized tools such as DecisionDx assays. Additionally, the company has diversified into fields beyond dermatological cancers, offering tests in gastroenterology, ophthalmology, and even pharmacogenomics to guide optimal therapeutic choices for mental health conditions.

Diagnostic Innovation and Genomic Insights

At the heart of Castle Biosciences' offerings is its commitment to incorporating genomic insights into diagnostic testing. By utilizing sophisticated genomic analysis techniques, the company enables physicians to access personalized diagnostic information that is critical for making informed treatment decisions. This approach not only underscores the reliability of its tests but also demonstrates the company’s dedication to bridging innovative science with practical clinical applications. The integration of genomic data helps to stratify patients according to risk and potential treatment response, thereby supporting more targeted and effective clinical interventions.

Research and Clinical Collaboration

Castle Biosciences has established a robust research framework that is continually advancing the field of diagnostic oncology. The company maintains active research programs in several high-need areas such as rectal cancer and soft tissue sarcoma, reflecting its commitment to addressing under-served cancer types. Collaborations with prominent figures and institutions in the oncology community further validate the clinical utility of its tests, ensuring that the company’s offerings are reflective of the latest scientific insights and clinical best practices.

Market Position and Competitive Differentiation

Within the competitive landscape of diagnostic and genomic testing, Castle Biosciences distinguishes itself by offering a unique blend of technical innovation and deep clinical validation. Its focus on objective and evidence-based testing processes positions it as an informative resource for healthcare professionals seeking enhanced diagnostic precision. This focus is encapsulated in its transparent and rigorous approach to both test development and clinical collaboration. Such methodological clarity not only builds trust with its clinical partners but also reinforces the company’s reputation within the broader biotechnology and diagnostics sectors.

Operational Model and Clinical Impact

The company operates on a model that emphasizes the creation and delivery of clinically actionable data. Its operational strategy centers on close engagement with the oncology community to continuously refine its testing solutions. By aligning its research and development efforts with real-world clinical needs, Castle Biosciences ensures that its tests have a direct and significant impact on patient care. Moreover, the company’s commitment to precision medicine and genomic diagnostics is reflected in every aspect of its operations, from the initial discovery phase to test commercialization and clinical adoption.

Expertise and Industry Terminology

Castle Biosciences leverages industry-specific terminology and technological expertise to communicate its value proposition clearly. Terms such as "genomic testing," "personalized medicine," and "clinically actionable insights" are integral to describing its diagnostic methodology. This intentional use of precise language not only highlights the company’s technical proficiency but also reinforces its commitment to delivering scientifically sound and clinically relevant products.

Summary

In summary, Castle Biosciences Inc. stands as a pivotal entity in the field of cancer diagnostics. Its focus on integrating personalized genomic information into clinical decision-making facilitates enhanced treatment strategies for various cancer types. With a strong foundation built on clinical collaboration, ongoing research, and innovative test development, the company continues to provide healthcare professionals with the tools necessary for informed and effective patient care.

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Castle Biosciences, Inc. (CSTL) announces data presentations at AAD Annual Meeting showcasing improved survival in patients with cutaneous melanoma using DecisionDx-Melanoma test. The company's gene expression profile tests demonstrate effectiveness in guiding personalized care for skin cancer patients.
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Castle Biosciences, Inc. (CSTL) announces the largest study of its DecisionDx-SCC test for high-risk cutaneous squamous cell carcinoma, demonstrating improved predictive accuracy and personalized treatment pathways. The study highlights the test's ability to guide risk-appropriate treatment decisions, reducing overtreatment and undertreatment, based on patients' biological risk of metastasis.
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Castle Biosciences (CSTL) reports a strong performance in 2023, with $220 million revenue, a 60% increase from 2022, and 70,429 test reports delivered. The company also achieved $243 million in cash, two critical publications associating with DecisionDx-Melanoma testing, and a successful conference call.
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Castle Biosciences, Inc. (CSTL) announced study results demonstrating the superior risk stratification of DecisionDx-Melanoma in stage I melanoma patients. The study, including 5,651 patients, showed better outcomes than AJCC8 staging. Incorporating DecisionDx-Melanoma may enhance clinical decision-making for more precise information.
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Castle Biosciences, Inc. (Nasdaq: CSTL) will release its financial results for the fourth quarter and year ended Dec. 31, 2023, after the close of market on Wednesday, Feb. 28, 2024. The company will host a conference call and webcast to discuss its financial results at 4:30 p.m. Eastern time on the same day. Access details for the webcast and phone conference call are provided in the press release.
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Castle Biosciences, Inc. (CSTL) announced a study in The Journal of Clinical and Aesthetic Dermatology which found that using its DecisionDx-SCC test to guide adjuvant radiation therapy (ART) decisions for patients with squamous cell carcinoma (SCC) could result in substantial Medicare healthcare savings of up to approximately $972 million annually. The study also highlighted the potential to improve patient care by providing added confidence in decisions to forgo radiation therapy when a patient’s risk of metastasis is low.
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Castle Biosciences, Inc. (Nasdaq: CSTL) will present new data on its dermatologic gene expression profile (GEP) tests at the 2024 Winter Clinical Dermatology Conference. The data includes real-world evidence confirming risk stratification for melanoma, identifying high-risk SCC patients, diagnostic discordance for melanocytic lesions, and gene expression differences in skin samples of inflammatory skin diseases.
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Castle Biosciences, Inc. (CSTL) announced that its COO, Kristen Oelschlager, has been named to The Healthcare Technology Report’s Top 25 Women Leaders in Biotechnology of 2023. Oelschlager's extensive background and instrumental role in Castle's success have led to her recognition as a driving force in biotechnology.
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Castle Biosciences, Inc. (Nasdaq: CSTL) expects to deliver total revenue of over $210 million in 2023, representing at least 53% growth over 2022. The company also anticipates cash, cash equivalents, and marketable investment securities to be approximately $243 million by the end of 2023. The preliminary, unaudited results for the fourth quarter and full year ended Dec. 31, 2023, show significant growth in test reports delivered, indicating a successful year for Castle Biosciences.
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Castle Biosciences, Inc. (Nasdaq: CSTL) granted restricted stock units to 52 employees covering 170,913 shares of common stock as an inducement material to their entering into employment. The RSUs will vest over four years, with 25% of the shares vesting on the first anniversary of the applicable vesting commencement date, and the balance vesting annually thereafter in three equal installments, subject to the employee’s continued service through each applicable vesting date.
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FAQ

What is the current stock price of Castle Biosciences (CSTL)?

The current stock price of Castle Biosciences (CSTL) is $19.78 as of April 1, 2025.

What is the market cap of Castle Biosciences (CSTL)?

The market cap of Castle Biosciences (CSTL) is approximately 563.7M.

What is the primary focus of Castle Biosciences?

Castle Biosciences specializes in developing diagnostic tests that provide actionable genomic insights to aid in the diagnosis and treatment of various cancers. Its product portfolio includes tests for conditions such as cutaneous melanoma, uveal melanoma, and other cancer types.

How does Castle Biosciences incorporate genomic information in its diagnostics?

The company leverages advanced genomic testing techniques to generate personalized data that guides clinical decisions. This detailed genomic analysis helps physicians make more precise treatment choices for cancer patients.

Which cancer types does Castle Biosciences target with its tests?

Castle Biosciences offers diagnostic tests for a range of cancers, including cutaneous and uveal melanoma, esophageal adenocarcinoma, mesothelioma, and glioma. Additionally, the company is actively researching tests for other under-served cancers such as rectal cancer and soft tissue sarcoma.

What differentiates Castle Biosciences' diagnostic tests from others in the market?

The company sets itself apart by integrating comprehensive genomic data with clinical validation, ensuring its tests deliver reliable and actionable insights. Its close collaboration with leading oncology experts further reinforces the credibility and precision of its diagnostic tools.

How does Castle Biosciences maintain clinical relevance in its test development?

Castle Biosciences collaborates with respected members of the oncology community to align its research and test development with current clinical needs. This partnership approach ensures that its diagnostics remain both innovative and grounded in clinical best practices.

What types of diagnostic offerings does the company provide beyond cancer testing?

In addition to cancer diagnostics, Castle Biosciences has expanded its portfolio to include a pharmacogenomics test aimed at guiding optimal drug treatment for mental health conditions such as depression and anxiety. This diversification demonstrates the company’s commitment to personalized medicine across different medical disciplines.
Castle Biosciences

Nasdaq:CSTL

CSTL Rankings

CSTL Stock Data

563.72M
27.55M
3.35%
93.97%
6.48%
Diagnostics & Research
Services-medical Laboratories
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United States
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