Guardant Health, Inc. - GH STOCK NEWS

Guardant Health, Inc. (Nasdaq: GH) has filed a lawsuit against Natera, Inc. for false advertising and unfair competition related to misleading claims about Guardant's new oncology test, Guardant Reveal™. The lawsuit seeks to prevent Natera from disseminating false information and demands corrective actions. Guardant Reveal™ is a groundbreaking blood-only liquid biopsy test designed to help early-stage colorectal cancer survivors detect residual disease and recurrences. This legal action arises from allegations that Natera misrepresents the test's efficacy, impacting patient treatment opportunities.

Guardant Health announces FDA approval for the Guardant360^®CDx liquid biopsy test, the first companion diagnostic for Janssen Biotech’s RYBREVANT™. Designed for tumor mutation profiling in non-small cell lung cancer (NSCLC), it identifies patients with EGFR exon 20 insertion mutations who may benefit from targeted therapy after chemotherapy. With lung cancer being the leading cause of cancer death, this approval marks a significant advancement in treatment options. The Guardant360 CDx test offers rapid genomic results from a blood draw, enhancing oncologists' ability to personalize treatment for patients.

Guardant Health, a leader in precision oncology, will participate virtually in two upcoming investor conferences. The first is the William Blair 41st Annual Growth Stock Conference on June 1, featuring a fireside chat at 12:00 PM PT. The second is the Goldman Sachs 42nd Annual Global Healthcare Conference on June 8, also at 12:00 PM PT.

Interested investors can access live and archived webcasts of these events via the company’s website. Guardant Health is known for its innovative blood tests and data analytics aimed at improving cancer care and patient outcomes.

Guardant Health (Nasdaq: GH) presented data at the 2021 ASCO Annual Meeting showcasing advancements in precision oncology through its blood tests. With 20 abstracts, the data emphasized the efficacy of blood-based genomic profiling in early-stage cancer screening and treatment monitoring. Key findings included a 91% sensitivity for early-stage colorectal cancer detection via the LUNAR-2 test and high predictive value of the Guardant Reveal test in detecting minimal residual disease. These innovations aim to enhance treatment decisions and patient outcomes in cancer care.

Guardant Health reported a revenue of $78.7 million for Q1 2021, marking a 17% increase year-over-year. The company conducted 18,390 clinical tests, a 21% increase, but biopharmaceutical tests declined by 33%. The launch of Guardant Reveal for colorectal cancer monitoring and the receipt of ADLT status for the Guardant360® test are significant highlights. However, operating expenses rose 93% to $157.8 million, leading to a net loss of $109.7 million. Looking ahead, Guardant expects full-year revenue between $360 million and $370 million, indicating 26%-29% growth.

Guardant Health (Nasdaq: GH) has appointed Craig Eagle, MD, as its new Chief Medical Officer (CMO). Dr. Eagle brings extensive experience in oncology from roles at Genentech and Pfizer, where he led medical affairs and clinical trial operations. His appointment aims to enhance Guardant Health's mission of advancing precision oncology and improving patient access to diagnostics. Dr. Eagle expressed enthusiasm for contributing to innovative cancer care strategies. Guardant Health specializes in liquid biopsy tests that target cancer detection and treatment at various stages.

Guardant Health's Guardant Reveal, a blood-only liquid biopsy, is proven to detect minimal residual disease (MRD) in early-stage colorectal cancer (CRC) patients. In a study from Massachusetts General Hospital, Guardant Reveal demonstrated an industry-leading test sensitivity of 91% by integrating cancer-specific epigenomic signatures and genomic alterations, compared to 40%-50% in traditional tissue-dependent tests. This innovative approach may allow for better prognosis and tailored therapies without the need for tumor tissue.

Guardant Health (Nasdaq: GH), a precision oncology leader, will participate in the BofA Securities 2021 Healthcare Conference. The management team is set to engage in a fireside chat on May 12 at 2:00 p.m. PT / 5:00 p.m. ET. Interested parties can access the live and archived webcast via the company’s website.

Guardant Health focuses on revolutionizing cancer care through proprietary blood tests and advanced analytics. Their innovative tests aid in early detection and treatment of cancer, aiming to improve patient outcomes while reducing healthcare costs.

Guardant Health announces a collaboration with Daiichi Sankyo to seek regulatory approval for the Guardant360 CDx blood test as a companion diagnostic for Enhertu, targeting HER2 mutations in patients with advanced non-small cell lung cancer (NSCLC). This partnership aims to address unmet medical needs, enhancing patient outcomes with personalized medicine. The Guardant360 CDx test, already FDA-approved, offers comprehensive genomic profiling, crucial for guiding treatment decisions across solid tumors.