Guardant Health - GH STOCK NEWS

Guardant Health (Nasdaq: GH), a precision oncology company, has announced its participation in four major upcoming investor conferences. The company will attend the BTIG 12th Annual MedTech, Digital Health, Life Science & Diagnostic Tools Conference in Snowbird, UT, hosting one-on-one meetings on February 11th-12th.

Additionally, Guardant Health will participate in three March conferences: the TD Cowen 45th Annual Health Care Conference in Boston (March 4th, 10:30 AM ET), the Leerink Partners Global Health Conference in Miami (March 11th, 4:20 PM ET), and the Barclays 27th Annual Global Healthcare Conference in Miami Beach (March 12th, 1:30 PM ET).

Interested investors can access live and archived webcasts of these sessions through the Investors section of Guardant Health's website.

Guardant Health (Nasdaq: GH) announced a debt exchange transaction on February 6, 2025, where it will issue $600 million of 1.25% Convertible Senior Notes due 2031 in exchange for retiring approximately $659.3 million of its outstanding 0% Convertible Senior Notes due 2027.

The new notes will have an initial conversion rate of 16.0716 shares per $1,000 principal amount, representing a conversion price of $62.22 per share with a 35% premium. After the transaction closes around February 14, 2025, approximately $490.7 million of 2027 Notes will remain outstanding.

Additionally, Guardant Health plans to repurchase approximately $45 million of its common stock, while the exchange agent intends to purchase approximately $35 million of shares from transaction participants.

Guardant Health (Nasdaq: GH), a precision oncology company, has announced it will release its fourth quarter and full year 2024 financial results after market close on Thursday, February 20, 2025. The company 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. Investors can access the live audio webcast through the company's website, and a replay will be available after the event.

Guardant Health (Nasdaq: GH) has partnered with the Abu Dhabi Public Health Center to implement a non-invasive blood-based colorectal cancer screening program using their Shield™ test. The agreement, established through Hikma Pharmaceuticals PLC, will be managed by the M42 healthcare system.

The initiative aims to address the significant challenge of colorectal cancer in Abu Dhabi, where it ranks as the third most common cancer type, with 63% of cases diagnosed at late stages. The Shield test will be integrated into the ADPHC's IFHAS comprehensive health screening program, available across major healthcare facilities in Abu Dhabi, Al Ain, and the Al Dhafra region.

The program targets to screen approximately 10,000 people in its first year, offering a more comfortable screening alternative to increase participation rates and improve early detection outcomes.

Guardant Health (Nasdaq: GH) announced its participation in the ASCO Gastrointestinal Cancers Symposium (ASCO GI) in San Francisco, January 23-25, 2025, where it will present significant data on its precision oncology tools. The presentations will focus on cancer screening, recurrence monitoring, treatment selection, and therapy development.

A key highlight includes data from the phase II NEO trial demonstrating Guardant Reveal's potential as a decision tool for organ preservation in node-negative rectal cancer patients. The company will present multiple studies across its product portfolio, including Guardant360, GuardantINFORM, and Shield, covering topics such as colorectal cancer screening cost-effectiveness, genomic landscapes in various cancers, and real-world survival differences in biliary tract cancer patients.

According to Dr. Craig Eagle, Guardant Health's chief medical officer, the data supports the growing value of precision oncology tools, particularly liquid biopsy, in GI cancer detection, treatment selection, and monitoring, potentially leading to more personalized cancer care and improved patient outcomes.

Guardant Health (Nasdaq: GH) announced Medicare coverage expansion for its Guardant Reveal test through Palmetto GBA. The coverage now includes surveillance testing for colorectal cancer (CRC) patients following curative intent therapy, expanding from the previous early post-surgical setting coverage.

The Guardant Reveal, running on the Smart Liquid Biopsy platform, is a blood-based test that uses epigenomic analysis to detect circulating tumor DNA (ctDNA) for minimal residual disease (MRD) monitoring. This tissue-free approach addresses the needs of cancer patients without available tissue specimens or those for whom tissue collection is challenging.

Of the 18 million cancer patients in the U.S. who could benefit from MRD testing, less than 3% currently receive it. Over 12 million cancer patients are more than five years post-surgery, making tissue specimen collection difficult, and over three million patients have no tumor tissue available.

Guardant Health (GH) and ConcertAI have announced a collaboration to create the first multi-modal real-world data solution that integrates comprehensive patient electronic medical records with genomic and epigenomic tumor profiling information across cancer care. The partnership combines ConcertAI's database of 5.5M clinical records with Guardant's profiling data across 60+ tumor types.

The integrated platform will provide biopharmaceutical companies access to extensive data including methylation data from Guardant Infinity smart liquid biopsy platform, helping researchers better understand disease biology, identify drivers of tumor evolution, and study resistance mechanisms. The solution covers the entire cancer care spectrum, from monitoring residual disease in early-stage cancer to treatment selection in advanced cases.

This collaboration aims to accelerate cancer therapy research and development by providing unprecedented insights into patient cancer journeys and tumor interactions. Financial terms of the agreement were not disclosed.

Viz.ai and Guardant Health (GH) announced a proposed collaboration to improve lung cancer care through the integration of AI and genomic insights. The partnership aims to address the critical issue that approximately 40% of lung cancer patients do not receive guideline-directed medical therapy.

The collaboration will focus on facilitating timely biomarker testing using Guardant360® CDx liquid biopsy, accelerating precision diagnosis and treatment selection. Viz.ai's platform, currently implemented in 1,700 hospitals, uses machine learning to analyze imaging data, EHR, and other tests to provide real-time insights and automated assessments.

This initiative aims to tackle delays in diagnosis, testing, and treatment that can lead to cancer progression and higher mortality rates. The partnership combines Viz.ai's AI-powered disease detection capabilities with Guardant Health's precision oncology expertise to streamline the patient journey and improve outcomes.

Guardant Health (GH) reported strong preliminary Q4 and full-year 2024 results, with total revenue reaching approximately $200 million in Q4 (29% increase) and $737 million for the full year (31% increase). The company saw significant growth in test volumes, with 57,300 oncology clinical tests (24% increase) and 11,050 biopharma tests (16% increase) in Q4.

The Shield screening program reported approximately 6,400 tests with revenue of $4 million. For the full year, the company conducted 206,700 oncology clinical tests and 40,500 biopharma tests, showing increases of 20% and 35% respectively. Free cash flow was negative $84 million in Q4 and negative $275 million for 2024. The company maintained a strong cash position of $944 million as of December 31, 2024.