Guardant Health, Inc. - GH STOCK NEWS

Guardant Health (GH) reported strong Q3 2024 financial results with revenue of $191.5 million, marking a 34% increase year-over-year. The company performed 53,100 clinical tests and 10,500 biopharma tests, up 21% and 40% respectively. Key highlights include achieving a Guardant360 ASP over $3,000 and receiving favorable Medicare pricing of $920 for Shield. The company raised its 2024 revenue guidance to $720-725 million, representing 28-29% growth. Free cash flow improved to $(55) million from $(80) million in the prior year. Despite revenue growth, the company reported a net loss of $107.8 million for Q3 2024.

Guardant Health (Nasdaq: GH) has announced its participation in four major healthcare investor conferences in November and December. The company will attend the Guggenheim Inaugural Healthcare Innovation Conference in Boston (Nov 12), the Wolfe Healthcare Conference in New York (Nov 19), the Jefferies London Healthcare Conference (Nov 20), and the Piper Sandler Healthcare Conference in New York (Dec 3). The events will feature fireside chats, presentations, and one-on-one meetings. Live and archived webcasts will be available on the company's website investor section.

Guardant Health's blood-based colorectal cancer screening product Shield has been named to TIME's Best Inventions of 2024 list. Shield, which is the first FDA-approved and Medicare-reimbursed colorectal cancer screening blood test, was recognized among 200 extraordinary innovations. The company recently achieved significant milestones, including 500 peer-reviewed publications and over 500,000 patient tests delivered. Shield received FDA approval in July 2024 and subsequent Medicare reimbursement, marking a significant advancement in early cancer detection technology.

Guardant Health (GH) announced upcoming presentations at the American College of Gastroenterology (ACG) 2024 Annual Meeting highlighting the importance of blood-based colorectal cancer (CRC) screening. A key study of over 350,000 patients revealed that less than 50% of patients completed recommended repeat stool-based CRC screening over a four-year period. The company will also present data from the ECLIPSE study examining one-year outcomes of individuals tested with their Shield™ blood test, showing no difference in non-colorectal malignancy rates between positive and negative test results.

Guardant Health (Nasdaq: GH) announced the appointment of Roberto A. Mignone to its board of directors. Mignone, the Founder and Managing Partner of Bridger Management , brings healthcare industry expertise and business strategy experience to the company. He currently serves as co-Vice Chairman at NYU Langone Medical Center and board member at Teva Pharmaceuticals. The appointment follows Guardant Health's FDA approval of Shield, its early-stage colorectal cancer screening product.

Guardant Health (Nasdaq: GH), a leading precision oncology company, has announced it will report its third quarter 2024 financial results after market close on Wednesday, November 6, 2024. The company management will host a conference call and webcast at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time on the same day to discuss the results.

Interested parties can access the live audio webcast on the 'Investors' section of the Guardant Health website at www.guardanthealth.com. For those unable to attend the live event, an archived version of the webcast will be available for replay after the call.

The GOZILA study, published in Nature Medicine, demonstrates that using Guardant360 CDx liquid biopsy for targeted cancer treatment can significantly extend patient survival. The study, involving 4,037 patients with advanced gastrointestinal tumors, found that 24% of participants received targeted treatment based on the test results. Patients who received personalized treatment guided by liquid biopsy results lived approximately twice as long as those who did not, with a median survival of 18.6 months compared to 9.9 months. This research, led by the National Cancer Center Hospital East in Japan, suggests a potential paradigm shift in cancer treatment by demonstrating the survival-extending effect of liquid biopsy-based personalized cancer treatment across various cancer types.

Guardant Health (Nasdaq: GH) announced its participation in the European Society for Medical Oncology Congress (ESMO) 2024 in Barcelona. The company will present data demonstrating the performance of its precision oncology technology across multiple advanced tumor types. Key highlights include:

1. Guardant Reveal™ minimal residual disease test data in locally advanced rectal cancer patients (NO-CUT trial).
2. Guardant360® findings for therapy selection in advanced breast cancer and other solid tumors.
3. Guardant Infinity™ platform results for response monitoring in advanced non-small cell lung cancer (NSCLC).

The presentations aim to showcase the value of Guardant's liquid biopsy technology in informing therapy selection and treatment management across various cancer stages.

Guardant Health (Nasdaq: GH) has announced a partnership with Policlinico Gemelli, a leading Italian hospital, to establish an in-house liquid biopsy testing service in Italy. This collaboration will enable on-site analysis of Guardant360® CDx liquid biopsy tests at Policlinico Gemelli's facilities in Rome. The partnership aims to serve both clinical research and patient care needs, marking one of the first dedicated liquid biopsy testing facilities within an Italian hospital system.

Policlinico Gemelli, serving thousands of cancer patients annually, will now offer advanced diagnostics for precision oncology. This initiative aligns with Guardant Health's mission to expand access to innovative cancer diagnostics globally. In 2024, Guardant Health received IVDR certification for its Guardant360® CDx blood test, allowing for tumor mutation profiling and companion diagnostic indications in various solid cancers.