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Exact Sciences Corp - EXAS STOCK NEWS

Welcome to our dedicated page for Exact Sciences news (Ticker: EXAS), a resource for investors and traders seeking the latest updates and insights on Exact Sciences stock.

Exact Sciences Corp (symbol: EXAS) is a leading molecular diagnostics company based in Madison, Wisconsin. The company specializes in providing innovative cancer screening and diagnostic test products, both in the United States and internationally. One of the company's flagship products is Cologuard, a groundbreaking noninvasive stool-based DNA test that screens for colorectal cancer. This test is integrated into the colorectal cancer screening guidelines of the American Cancer Society and the U.S. Multi-Society Task Force on Colorectal Cancer.

Exact Sciences is also making significant strides in the field of precision oncology. Their Oncotype DX suite includes tissue-based genomic tests that help estimate the risk of cancer recurrence and the likelihood of benefit from chemotherapy for breast and colon cancer patients. Additionally, the OncoExTra test offers comprehensive genomic profiling through a liquid biopsy, providing valuable insights for personalized cancer treatment.

In addition to these established products, Exact Sciences is actively developing new liquid biopsy tests for molecular residual disease, colorectal cancer screening, and multicancer screening. These ongoing projects reflect the company's commitment to advancing cancer diagnostics and improving patient outcomes.

The company's intellectual property portfolio is robust, with exclusive rights protecting its proprietary non-invasive molecular screening technology. This strong IP position underscores Exact Sciences' leadership and innovation in the cancer diagnostics market.

  • Headquartered in Madison, Wisconsin
  • Specializes in cancer screening and diagnostic tests
  • Flagship product: Cologuard, a noninvasive colorectal cancer screening test
  • Precision oncology products: Oncotype DX and OncoExTra
  • Active development of liquid biopsy tests
  • Exclusive intellectual property rights protecting screening technology

For more information on Exact Sciences' noninvasive colon cancer screening test, visit cologuardtest.com.

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Exact Sciences Corp. (Nasdaq: EXAS) announced its first quarter 2022 financial results release scheduled for April 26, 2022, after U.S. market close. A conference call will follow at 5 p.m. ET to discuss these results and business developments. The company, recognized for its advanced cancer diagnostic tests, continues to innovate in the area of cancer screening and diagnostics.

Investors can access the live webcast through its website, with an archive available post-event for those unable to attend.

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Katie Couric has partnered with Exact Sciences (NASDAQ: EXAS) to launch a year-long campaign called 'Mission to Screen,' aiming to raise awareness about colon cancer screening. The initiative emphasizes the importance of screening for all adults aged 45 and older, especially given the rising incidence of colon cancer in younger individuals. Cologuard, Exact Sciences' FDA-approved noninvasive test, is highlighted as a key screening option. Over 44 million Americans aged 45-plus remain unscreened, despite the critical role of early detection in improving treatment outcomes.

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Exact Sciences Corp. (Nasdaq: EXAS) announced its participation in two upcoming investor conferences. The Cowen Health Care Conference will feature a fireside chat on March 7, 2022 at 9:50 a.m. ET, while the Raymond James Institutional Investors Conference will hold a fireside chat on March 8, 2022 at 4:00 p.m. ET. Webcasts can be accessed via the investor relations section of Exact Sciences' website.

Exact Sciences focuses on advanced cancer diagnostics, including Cologuard and Oncotype tests.

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Exact Sciences Corp. (Nasdaq: EXAS) reported $473.8 million in revenue for Q4 2021, a 2% increase year-over-year, while total revenue for 2021 reached $1,767.1 million. Screening revenue grew 11% to $277.7 million, and Precision Oncology revenue rose 27% to $149.0 million. However, COVID-19 testing revenue fell 52% to $47.1 million. The net loss for Q4 was $220.6 million or $1.28 per share, improving from a loss of $418.3 million in the same quarter the previous year. For 2022, the company projects revenue between $1,975 and $2,027 million.

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Exact Sciences Corp. (Nasdaq: EXAS) announced plans to release its fourth quarter 2021 financial results on February 22, 2022, after U.S. market close. This will be followed by a webcast and conference call at 5 p.m. ET to discuss the results and business developments. The company, known for its cancer diagnostic tests, continues to expand its product pipeline with a focus on addressing critical cancer challenges. Investors can access the webcast live on the company's website.

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Exact Sciences Corp. (Nasdaq: EXAS) announced its participation in upcoming virtual conferences. Notable events include the SVB Leerink Global Healthcare Conference on February 18, 2022, at 1:40 p.m. ET, and the Citi Healthcare Conference on February 23, 2022, at 2:45 p.m. ET. Investors can join the webcasts via the investor relations section on Exact Sciences' website. Exact Sciences is dedicated to developing cancer screening and diagnostic tests, including the well-known Cologuard and Oncotype DX.

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Exact Sciences Corp. (NASDAQ: EXAS) reported promising data for its second-generation Cologuard test, achieving an overall sensitivity of 95.2% for colorectal cancer with a specificity of 92.4%. The test demonstrated 83.3% sensitivity for high-grade dysplasia and 57.2% for advanced precancerous lesions. The findings will be presented at ASCO GI on January 22. If successful, the new Cologuard could enhance screening rates and reduce unnecessary follow-up colonoscopies. A pivotal trial is ongoing, with results expected late 2022 or early 2023.

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Exact Sciences Corp. (NASDAQ: EXAS) has acquired PreventionGenetics, a genetic testing laboratory, for $190 million to enhance its cancer diagnostics portfolio and expand into hereditary cancer testing (HCT). The acquisition aims to leverage PreventionGenetics' expertise and technology to improve patient access to HCT, helping individuals understand their cancer risks. With expected 2021 revenue of $36 million, the acquisition strengthens Exact Sciences' presence in the genetics realm, tapping into a network of nearly 300,000 healthcare providers.

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Exact Sciences Corp. (Nasdaq: EXAS) announced estimated fourth quarter 2021 revenue between $472 million and $475 million, reflecting a 2% increase year-over-year. Excluding COVID-19 testing, revenue grew 16%. Screening revenue is projected at $277 million to $278 million (up 11%), while Precision Oncology revenue is estimated at $148.5 million to $149.5 million (up 27%). However, COVID-19 testing revenue fell by 53%. The company aims for strong growth in cancer detection services.

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Exact Sciences Corp. (NASDAQ: EXAS) has entered an exclusive licensing agreement with OncXerna Therapeutics to offer the innovative Xerna TME Panel lab services to U.S. patients. This tumor microenvironment panel aids in predicting patient responses to immunotherapies, enhancing therapy selection for oncologists. The integration with Exact Sciences’ GEM ExTra test promises to improve patient outcomes by providing deeper insights into treatment efficacy. The Xerna TME Panel remains investigational and has not yet received FDA approval.

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FAQ

What is the current stock price of Exact Sciences (EXAS)?

The current stock price of Exact Sciences (EXAS) is $59.4 as of December 20, 2024.

What is the market cap of Exact Sciences (EXAS)?

The market cap of Exact Sciences (EXAS) is approximately 10.5B.

What is Exact Sciences Corp's main business?

Exact Sciences Corp specializes in molecular diagnostics, focusing on innovative cancer screening and diagnostic test products.

What is Cologuard?

Cologuard is a noninvasive stool-based DNA test designed to screen for colorectal cancer, integrated into major colorectal cancer screening guidelines.

Where is Exact Sciences Corp headquartered?

The company is headquartered in Madison, Wisconsin.

What are Oncotype DX and OncoExTra?

Oncotype DX is a suite of tissue-based genomic tests for cancer recurrence risk and chemotherapy benefit; OncoExTra is a liquid biopsy for comprehensive genomic profiling.

Is Exact Sciences developing any new tests?

Yes, the company is developing liquid biopsy tests for molecular residual disease, colorectal cancer screening, and multicancer screening.

What is the significance of Exact Sciences' intellectual property?

Exact Sciences has exclusive intellectual property rights protecting its noninvasive molecular screening technology, reinforcing its market leadership.

Are Exact Sciences' products used internationally?

Yes, Exact Sciences provides cancer screening and diagnostic test products both in the United States and internationally.

How does Cologuard work?

Cologuard works by analyzing stool samples for DNA markers and blood that could indicate the presence of colorectal cancer or precancerous lesions.

What is the purpose of Oncotype DX tests?

Oncotype DX tests aim to estimate the risk of cancer recurrence and the likelihood of benefit from chemotherapy in breast and colon cancer patients.

Where can more information about Cologuard be found?

More information about Cologuard can be found at cologuardtest.com.

Exact Sciences Corp

Nasdaq:EXAS

EXAS Rankings

EXAS Stock Data

10.55B
182.40M
1.01%
101.74%
7.48%
Diagnostics & Research
Services-medical Laboratories
Link
United States of America
MADISON