STOCK TITAN

Genetron Holdings Limited - GTH STOCK NEWS

Welcome to our dedicated page for Genetron Holdings news (Ticker: GTH), a resource for investors and traders seeking the latest updates and insights on Genetron Holdings stock.

Genetron Holdings Limited (NASDAQ: GTH) is a leading precision oncology platform company based in China. With a focus on cancer molecular profiling, Genetron leverages advanced technologies in molecular biology and data science to revolutionize cancer treatment.

The company's extensive portfolio spans various stages of cancer management, including early screening, diagnosis, treatment recommendations, and continuous monitoring. Some of its flagship services and products include:

  • HCCscreen: A proprietary assay for the early detection of liver cancer.
  • 8-gene Lung Cancer Assay: An in-vitro diagnostic tool based on semiconductor sequencing for lung cancer detection.
  • Genetron 3D Biochip Reading Instrument and Genetron S5 and S2000: Advanced sequencers for gene detection and panel sequencing.
  • IDH1/TERT Gene Assays: Diagnostic assays for glioma.

In addition, Genetron has developed a ctDNA Lung Cancer Assay targeting mutations in the epidermal growth factor receptor gene. The company collaborates with global biopharmaceutical firms to offer tailored genomics research and clinical development services.

Recently, Genetron announced a definitive Agreement and Plan of Merger with New Genetron Holding Limited and Genetron New Co Limited. As part of the merger, Genetron will become a wholly-owned subsidiary of the parent company in a transaction valued at approximately US$126.0 million. This merger signifies a pivotal transformation, taking the company private and enhancing its strategic flexibility.

The merger completion, expected in the first quarter of 2024, is subject to customary closing conditions, including shareholder votes and regulatory approvals. Upon completion, Genetron's American Depositary Shares (ADSs) will be delisted from the Nasdaq Global Market, and the company will terminate its ADS program. The company aims to finalise this transition efficiently to focus on its long-term vision and goals.

For the latest updates and detailed information on Genetron Holdings Limited and its innovative contributions to precision oncology, please visit their Investor Relations page.

Rhea-AI Summary
Genetron Holdings completes merger with Genetron New Co , becoming a wholly owned subsidiary of Parent. Shareholders to receive cash per share and ADS. Company to suspend trading on Nasdaq and deregister securities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none
-
Rhea-AI Summary
Genetron Health, a leading precision oncology platform company in China, announced shareholder approval for a merger, making it a wholly owned subsidiary of Parent. Approximately 75.4% of total ordinary shares voted in favor, with 99.9% approval for the Merger Agreement. The completion of the Merger is subject to specific conditions, leading to the Company becoming privately held and delisting from Nasdaq.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.61%
Tags
-
Rhea-AI Summary
Genetron Health, a leading precision oncology platform company in China, has called an extraordinary general meeting of shareholders to consider and vote on the proposal to authorize and approve the previously announced agreement and plan of merger. If consummated, the Merger would result in the Company becoming a privately held company and its American depositary shares would no longer be listed or traded on any stock exchange. Shareholders and ADS holders as of specific dates are entitled to attend and vote at the EGM.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
none
Rhea-AI Summary
Genetron Health announces merger agreement with New Genetron Holding Limited
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.53%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.48%
Tags
none
-
Rhea-AI Summary

The Smart in Vitro Diagnostics report provides comprehensive insights into the AI IVD market, highlighting its growth driven by advancements in technology and demand for new testing regimes. Key developments include AI applications in diagnostics, with companies like Viome Life Sciences raising $67M for AI cancer diagnostics. The report outlines market trends such as decentralization and the role of bioinformatics, and forecasts demand in 18 countries. It also lists factors both driving and limiting growth in the sector, positioning stakeholders for strategic investments in this evolving market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

The global in vitro diagnostics market is anticipated to grow from $105.23 billion in 2022 to $127.56 billion by 2028, reflecting a CAGR of 3.26%. Key trends include the shift from conventional instruments to advanced, automated analyzers and the integration of AI and cloud technology, fostering rapid and cost-effective testing solutions. Advances in molecular diagnostics and an increase in product launches, including M&A activities, are transforming healthcare outcomes. The reagents and consumables segment holds the largest market share, while the immune & clinical chemistry segment dominates by technology. A significant demand for diagnostics related to chronic and infectious diseases propels market growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

The global genomic cancer panel and profiling market is experiencing rapid growth as physicians increasingly utilize comprehensive data in cancer diagnosis and treatment. A recent report indicates a shift from a niche market to mainstream adoption among oncologists, highlighting the potential for premium pricing on effective diagnostics. The report provides detailed insights across 18 countries and forecasts demand for advanced testing regimes. Key players are expanding globally, with advancements in sequencing technology and significant trends impacting market dynamics. Assistance for growth estimates is provided, facilitating decision-making in clinical facilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
Tags
none
-
Rhea-AI Summary

The Molecular Diagnostics for Cancer report, released on February 9, 2023, provides comprehensive data to analysts and planners, including the latest Medicare Fee Payment Schedules for test pricing. It emphasizes growth in pharmacogenomics, personalized medicine, and liquid biopsy, projecting a dynamic global market despite potential disruptions from the COVID-19 pandemic. The report details market insights across 18 countries and includes profiles of over 120 companies. Key trends such as the emergence of new economies and the role of genetic material in health are highlighted, showing a promising outlook for the diagnostics industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
Tags
none
Rhea-AI Summary

The newly released report by ResearchAndMarkets.com highlights the significant growth potential of the global Liquid Biopsy market from 2023 to 2027. The market has transitioned from development to growth, influenced by advancements in cancer diagnostics. The report analyzes market size forecasts by cancer type, usage, and geographic location. Key findings include the impact of COVID-19, technological innovations like Circulating Tumor Cells and Cell-Free DNA, and a detailed examination of market trends and players. Investors are encouraged to make informed decisions based on the latest data and projections concerning this evolving sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
Tags
none

FAQ

What is the market cap of Genetron Holdings (GTH)?

The market cap of Genetron Holdings (GTH) is approximately 127.3M.

What does Genetron Holdings Limited specialize in?

Genetron specializes in precision oncology, focusing on cancer molecular profiling and utilizing advanced technologies in molecular biology and data science.

What are some of Genetron's key products?

Key products include HCCscreen for early liver cancer screening, 8-gene Lung Cancer Assay, Genetron S5 and S2000 sequencers, and IDH1/TERT gene assays for glioma.

What recent corporate action has Genetron announced?

Genetron announced a merger with New Genetron Holding Limited, transitioning the company to a privately-held entity valued at approximately US$126.0 million.

What is HCCscreen?

HCCscreen is Genetron's proprietary assay designed for the early screening of liver cancer.

What is the significance of Genetron's merger?

The merger will make Genetron a private company, allowing greater strategic flexibility and focus on long-term goals.

What happens to Genetron's ADSs after the merger?

Genetron's ADSs will be delisted from the Nasdaq Global Market, and the ADS program will be terminated.

Who are the major stakeholders involved in the merger?

The major stakeholders include Mr. Sizhen Wang, CICC Healthcare, Wuxi Guolian, and other investment entities.

When is the merger expected to complete?

The merger is expected to close in the first quarter of 2024, subject to regulatory and shareholder approvals.

What services does Genetron offer in genomics research?

Genetron offers custom genomics research and clinical development services, often in collaboration with global biopharmaceutical companies.

Where can I find more information about Genetron's financial filings?

You can find detailed financial filings and updates on the SEC's website or Genetron's Investor Relations page.

Genetron Holdings Limited

Nasdaq:GTH

GTH Rankings

GTH Stock Data

127.29M
31.48M
6.82%
12.51%
0.07%
Diagnostics & Research
Healthcare
Link
China
Beijing