Guardant Health, Inc. - GH STOCK NEWS

Guardant Health (Nasdaq: GH) has appointed Steve E. Krognes to its board of directors, enhancing its leadership amidst evolving market dynamics. Krognes brings over 20 years of experience in the biotech sector, having served in key roles including CFO at Denali Therapeutics and Genentech. His expertise in financial management and corporate strategy is expected to guide Guardant Health in its growth trajectory, particularly as it continues to advance its proprietary oncology tests and analytics aimed at improving cancer care.

Guardant Health (Nasdaq: GH) and Adicon Holdings Limited have formed a strategic partnership to provide comprehensive genomic profiling tests to biopharmaceutical companies in China. This collaboration will enable access to Guardant's liquid biopsy technologies, including Guardant360® and GuardantOMNI™, enhancing patient screening for clinical trials. Particularly, the partnership addresses the high cancer incidence in China, with the need for innovative therapies. This partnership reflects Guardant's commitment to advancing cancer care through cutting-edge diagnostics.

Guardant Health (NASDAQ:GH) has acquired the remaining shares of Guardant Health AMEA, Inc. from SoftBank for approximately $177.8 million, achieving full operational control in the Asia, Middle East, and Africa regions. This strategic move allows Guardant Health to enhance its response to the significant cancer burden in these areas, where over half of the world's new cancer cases arise. The company aims to expedite the adoption of its blood tests, notably the Guardant360 CDx, following regulatory approval in Japan.

Guardant Health, Inc. (Nasdaq: GH), a leader in precision oncology, will participate in two upcoming investor conferences. The first is the William Blair 42nd Annual Growth Stock Conference in Chicago on June 7 at 11:20 a.m. CT. The second is the Goldman Sachs 43rd Annual Global Healthcare Conference in Rancho Palos Verdes on June 14 at 9:20 a.m. PT. Live and archived webcasts will be available on the company's website. Guardant Health focuses on advanced cancer tests to improve patient outcomes and reduce healthcare costs.

Guardant Health (Nasdaq: GH) has launched the first blood-based cancer testing services in Europe at the Vall d’Hebron Institute of Oncology (VHIO) in Barcelona. This partnership, established in January 2021, aims to enhance access to Guardant’s liquid biopsy technology. The service provides comprehensive genomic profiling to identify actionable biomarkers quickly from a blood draw, aiding in treatment decisions for late-stage cancer patients. With over 282,000 new cancer cases reported in Spain in 2020, this innovation seeks to improve patient outcomes through precision oncology.

Guardant Health will present new data at the 2022 ASCO Annual Meeting, taking place from June 3-7 in Chicago. Highlights include an oral presentation utilizing real-world data from GuardantINFORM to identify resistance to early treatment in advanced breast cancer and an updated progression-free survival analysis of fulvestrant plus capivasertib versus fulvestrant plus placebo in metastatic breast cancer. The company aims to demonstrate the utility of blood tests in optimizing patient care and improving outcomes.

Guardant Health's blood-based multimodal test demonstrated 100% sensitivity for colorectal cancer (CRC) at 90% specificity in a study of 557 participants presented at Digestive Disease Week 2022.

The updated assay integrates genomics and epigenomics. With a median participant age of 55, the test identifies CRC effectively, showcasing 90% sensitivity at 90% specificity and 88% at 95%. This innovative screening method aims to improve early detection rates, potentially increasing adherence to screening guidelines.

Guardant Health, Inc. (Nasdaq: GH) reported Q1 2022 revenue of $96.1 million, a 22% increase from the previous year. Clinical testing volumes surged 47% and biopharma volumes rose 45%. Gross profit reached $64.1 million, with a gross margin of 67%. However, operating expenses also increased by 19% to $187.5 million, leading to a net loss of $123.2 million for the quarter. The company maintains guidance for full-year 2022 revenue of $460 million to $470 million, reflecting 23% to 26% growth.

Fanatics has appointed Lydia Jett and Jonathan Mildenhall to its board of directors, bringing extensive experience from fintech, e-commerce, and marketing sectors. Jett, from SoftBank, played a crucial role in Fanatics' growth since their initial $1 billion investment in 2017. Mildenhall, former CMO of Airbnb, is noted for transforming brand strategies. Both directors will guide Fanatics in expanding its diverse portfolio, which includes licensed merchandise, digital collectibles, and online sports betting. Additionally, Fanatics released its first ESG report, highlighting its commitment to sustainability and social responsibility.