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.
Exact Sciences Corp. (Nasdaq: EXAS) reported fourth-quarter 2020 revenue of $466.3 million, with full-year revenue reaching $1.49 billion. Q4 screening revenue grew by 9% to $249.7 million, while COVID-19 testing contributed $99.1 million. However, the company faced a net loss of $436.8 million, or $(2.79) per share, compared to a net income of $78.0 million last year. The acquisition of Base Genomics resulted in a $412.6 million research and development charge. Cash reserves stood at $1.84 billion.
Exact Sciences Corp. (Nasdaq: EXAS) announced its acquisition of Ashion Analytics from The Translational Genomics Research Institute (TGen). Ashion, a CLIA-certified sequencing lab, will enhance Exact's precision oncology portfolio, particularly in minimal residual disease (MRD) testing. The acquisition includes a 10-year research collaboration with TGen and City of Hope to develop advanced MRD testing. This partnership aims to expedite bringing innovative genomic solutions to cancer treatment, leveraging Ashion's expertise and TARDIS technology.
Exact Sciences Corp. (Nasdaq: EXAS) is set to release its fourth quarter 2020 financial results on February 16, 2021, after U.S. market close. Management will host a webcast and conference call at 5 p.m. EST to discuss the financial results and business progress. The company is a leading provider of cancer screening and diagnostic tests, with an emphasis on improving patient care through products like Cologuard and Oncotype DX. For further details, visit their official website.
Exact Sciences Corp. (Nasdaq: EXAS) announced its participation in several upcoming investor conferences in February 2021, inviting investors to join via webcast. Key events include:
- BTIG Virtual MedTech Conference on February 18, 2021 at 10:30 a.m. EST
- Citi Healthcare Services Conference on February 24, 2021 at 9:50 a.m. EST
- SVB Leerink Global Healthcare Conference on February 25, 2021 at 1:40 p.m. EST
Investors can access the webcasts on the company's investor relations webpage.
Exact Sciences Corp. (Nasdaq: EXAS) has acquired a worldwide exclusive license for TARDIS technology from TGen, enhancing its position in precision oncology. This innovative approach enables noninvasive detection of minimal residual disease, particularly for patients with small amounts of tumor DNA post-treatment. TARDIS technology demonstrated up to a 100-fold improvement in sensitivity for detecting circulating tumor DNA. This collaboration aims to improve cancer patient outcomes through advanced diagnostics, leveraging Exact Sciences' established expertise with products like Cologuard and Oncotype DX.
Exact Sciences Corp. (Nasdaq: EXAS) announced findings published in Cancer Prevention Research, highlighting the effectiveness of Cologuard in screening average-risk adults aged 45-49 for colorectal cancer. The study revealed a test specificity of 95.2% for participants without advanced precancerous lesions. The research supports Cologuard's role in mitigating risks and costs associated with unnecessary procedures. With colorectal cancer being the second leading cause of cancer death in the U.S., this data emphasizes the importance of early detection, especially as cases in younger adults have significantly increased.
Exact Sciences Corp. (Nasdaq: EXAS) anticipates reporting a 2020 fourth-quarter revenue of $464.5 million to $467.5 million. Expected Screening revenue is projected between $249 million and $250 million, marking a 9% increase year-over-year. The company anticipates Precision Oncology revenue of $117 million to $118 million and COVID-19 testing revenue between $98.5 million and $99.5 million. While these estimates are promising, they are preliminary and subject to change pending completion of the financial statements.
Exact Sciences Corp. (Nasdaq: EXAS) has finalized its acquisition of Thrive Earlier Detection Corp., a significant move towards establishing blood-based multi-cancer screening as a standard practice. CEO Kevin Conroy emphasized the strategic importance of this acquisition in revolutionizing cancer diagnostics and improving early detection and treatment options for patients. The company is committed to advancing its product pipeline, building on successes like Cologuard and Oncotype DX. This acquisition is aimed at addressing some of the most lethal cancers and enhancing patient care.
Exact Sciences Corp. (Nasdaq: EXAS) will participate in the J.P. Morgan Healthcare Conference on January 13, 2021, at 2:50 p.m. EST. Investors can join the discussion via webcast, accessible through the investor relations section of Exact Sciences' website.
This leading cancer diagnostics company aims to advance patient care and tackle deadly cancers through innovative solutions. For more details, visit exactsciences.com.
Exact Sciences Corp. (NASDAQ: EXAS) presented new data at the 2020 San Antonio Breast Cancer Symposium (SABCS), emphasizing the Oncotype DX Breast Recurrence Score test's role in personalizing early breast cancer treatment. The ADAPT study revealed that patients with clinically high-risk node-negative or node-positive disease can forgo chemotherapy based on favorable Recurrence Score results, achieving a 5-year distant disease-free survival rate of 96%. A new RSClin tool will provide individualized estimates for chemotherapy benefits, enhancing treatment discussions. The meta-analysis integrates findings from over 10,000 patients.
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