Guardant Health, Inc. - GH STOCK NEWS

Guardant Health has announced a public offering of 7,000,000 shares of its common stock priced at $102.00 per share, with the offering managed by J.P. Morgan Securities LLC. The shares are being sold by SoftBank Investment Advisers, and Guardant Health will not receive any proceeds from this sale. An additional option for underwriters to purchase up to 700,000 shares is also available. The offering is expected to close on October 9, 2020, pending customary closing conditions. This public offering is registered under Form S-3 with the SEC.

Guardant Health (Nasdaq: GH) has initiated a public offering of 7,000,000 shares of its common stock, which will be sold exclusively by SoftBank Investment Advisers. An additional 700,000 shares may be available through an underwriter's option. Guardant Health is not participating in the sale and will not receive any proceeds. The offering is under an automatic shelf registration statement with the SEC and is subject to market conditions. J.P. Morgan Securities LLC is the sole book-running manager for the offering.

Guardant Health (Nasdaq: GH) has released study findings from the SCRUM-Japan GOZILA trial, indicating that its Guardant360 liquid biopsy significantly enhances clinical trial enrollment for advanced gastrointestinal cancer. The study shows a 67% reduction in screening duration (median of 11 days vs. 33 days) and a 132% improvement in enrollment rates (9.5% vs. 4.1%) compared to traditional tissue genotyping. Furthermore, Guardant360 provides non-inferior treatment outcomes, detecting more actionable genomic alterations without compromising patient response rates or progression-free survival.

Guardant Health (Nasdaq: GH) will participate in the Morgan Stanley Virtual Healthcare Conference on September 15 at 8:45 a.m. Pacific Time. The event includes a fireside chat with company management, accessible via a live and archived webcast on their website. Guardant Health is a leader in precision oncology, utilizing proprietary blood tests and data analytics to enhance cancer treatment. Their offerings include the Guardant360® and GuardantOMNI® tests, primarily for advanced cancer patients, and the LUNAR program aimed at early-stage cancer detection and treatment.

Guardant Health (Nasdaq: GH) will participate in two upcoming virtual investor conferences. The UBS Genomics 2.0 and Medtech Innovations Summit fireside chat is scheduled for August 11 at 9 a.m. PT / 12 p.m. ET. The Canaccord Virtual Growth Conference fireside chat will follow on August 13 at 1 p.m. PT / 4 p.m. ET. Interested parties can access the live and archived webcasts on the company's website. Guardant Health specializes in precision oncology and offers advanced blood tests that improve patient outcomes and reduce healthcare costs.

Guardant Health has received FDA approval for its Guardant360 CDx test, enabling tumor mutation profiling in patients with any solid malignant neoplasm. This test also serves as a companion diagnostic for non-small cell lung cancer patients with EGFR alterations, guiding treatment with Tagrisso. The approval is backed by data from over 5,000 samples, showing that patients identified via Guardant360 CDx have progression-free survival rates comparable to those from traditional methods. With over 150,000 tests performed and broad insurance coverage, this milestone enhances personalized cancer treatment.

Guardant Health reported Q2 2020 revenue of $66.3 million, up 23% year-over-year, driven by precision oncology revenue growth of 21% to $51.0 million. Development services revenue rose 29% to $15.3 million. The company conducted 13,694 clinical tests and 2,805 biopharmaceutical tests, marking a 15% increase and a 47% decrease, respectively. Guardant's gross profit increased to $43.9 million with a 66% gross margin. However, operating expenses surged 88% to $98.5 million, resulting in a net loss of $54.6 million, up from $11.6 million the previous year.

Guardant Health has partnered with Radius Health to seek regulatory approval for Guardant360^® as a companion diagnostic for elacestrant, a treatment for advanced ER-positive, HER2-negative breast cancer resistant to CDK4/6 inhibitors. The ongoing EMERALD phase III trial is assessing elacestrant's efficacy compared to standard endocrine therapy, particularly in patients with ESR1 mutations identified by the Guardant360 test. This collaboration enhances the utility of Guardant360 in guiding treatment decisions and addresses the growing demand for liquid biopsy solutions in oncology.

Guardant Health (Nasdaq: GH) will announce its Q2 2020 financial results on August 6, 2020, following market close. A conference call will be held at 1:30 PM PT to discuss these results, accessible via the company’s website. Guardant Health is recognized for its innovative blood tests and advanced analytics aimed at improving cancer patient outcomes and reducing healthcare costs. The company has developed tests like Guardant360 and GuardantOMNI® to support advanced cancer care and is evolving its LUNAR program for early-stage cancer detection.