Welcome to our dedicated page for Hologic news (Ticker: HOLX), a resource for investors and traders seeking the latest updates and insights on Hologic stock.
Hologic Inc. (NASDAQ: HOLX) is a leading global healthcare company dedicated to the science of sure. Headquartered in Bedford, Massachusetts, Hologic specializes in developing, marketing, and servicing some of the most innovative and accurate diagnostic imaging systems and surgical products available today. The company's core business focuses on meeting the healthcare needs of women, operating through five primary segments: diagnostics, breast health, surgical, and skeletal health.
Diagnostics, which accounts for 60% of total sales, has seen a significant boost due to the pandemic, underscoring the company's strategic pivot toward commercial diagnostics following the acquisition of Gen-Probe. This segment includes a wide range of tests and instruments essential for early disease detection and management.
Breast Health, traditionally a cornerstone of Hologic’s business, contributes 14% to total sales. Though this segment was initially suppressed by the pandemic, it remains vital for innovations in mammography and breast surgery. Hologic's Surgical segment, representing 11% of sales, offers advanced products that enhance surgical outcomes and patient safety. The Skeletal Health segment, although smaller at 1% of total sales, provides critical tools for assessing bone health.
Hologic’s reach is vast, with the United States accounting for 69% of its revenue, followed by Europe at 20%, Asia at 8%, and other international markets making up the remaining 3%. The company's diverse, dedicated, and creative team is committed to not only advancing medical science but also providing greater confidence and peace of mind in diagnosis, enabling healthier lives worldwide.
Stay updated with the latest from Hologic by connecting on Hologic.com, Facebook, and Twitter.
Hologic (NASDAQ: HOLX) has entered into an agreement with the CDC to develop analyte specific reagents (ASRs) for detecting H5N1 bird flu. The development comes as H5N1 continues to spread among wild birds, causing outbreaks in poultry and dairy cows in the U.S. The ASRs will be developed on the Panther Fusion® system, with over 1,700 systems installed across U.S. laboratories.
While Hologic doesn't currently plan to commercialize these ASRs, future commercialization may be considered if rapid H5N1 testing becomes necessary. The Panther systems can generate over 1,000 results in 24 hours and can quickly scale up testing capacity. This initiative builds on Hologic's diagnostic solutions portfolio, including their successful COVID-19 testing programs which shipped over 68 million tests to 40 countries in 2020.
Hologic (HOLX) has responded to the United States Preventive Services Task Force (USPSTF) draft guidelines for cervical cancer screening. The company emphasizes the importance of combining Pap and HPV testing as the gold standard for cervical cancer detection. Cervical cancer mortality rates have decreased by 70% due to screening programs, though incidence rates have plateaued and disproportionately affect Black and Hispanic women.
Multiple studies show that screening women ages 30-65 with combined Pap and HPV testing identifies more cervical pre-cancer and cancer than single tests. The draft guidelines support three screening strategies, including Pap testing for women ages 21-29, and maintain flexibility for shared decision-making between healthcare providers and patients.
Hologic (HOLX) announced the election of Dr. Martin Madaus to its Board of Directors, effective December 6, 2024. Dr. Madaus brings over 30 years of diagnostics and life sciences industry experience to the board. He currently serves as an Operating Executive at the Carlyle Group, which he joined in February 2019.
Dr. Madaus previously held positions as Chairman and CEO of Ortho Clinical Diagnostics, and served as Chairman, President and CEO of Millipore until its acquisition by Merck KGaA in 2010. He will serve on both the Compensation Committee and the Nominating and Corporate Governance Committee.
Four new studies about the Breast Cancer Index (BCI) test will be presented at the 2024 San Antonio Breast Cancer Symposium. The main study investigates BCI's potential to identify postmenopausal women with HR+ early-stage breast cancer who have minimal risk of distant recurrence.
The research validated an adjusted BCI prognostic model that identified a 'minimal risk' group with less than 5% 10-year distant recurrence risk. In the Stockholm and NCR studies, 20% and 16% of patients were identified as minimal risk, with 10-year distant recurrence risks of 2.3% and 4.5%, respectively.
The BCI test is currently recognized by NCCN and ASCO guidelines as the only test predicting which HR+ early-stage breast cancer patients may benefit from extended endocrine therapy beyond five years.
Hologic (NASDAQ: HOLX) presented new research demonstrating its Genius AI Detection 2.0 software performs consistently across diverse patient populations. The study evaluated over 7,500 digital breast tomosynthesis cases from women of different racial/ethnic backgrounds, showing similar performance across all groups. The company also announced the introduction of its next-generation Genius AI Detection PRO solution for the U.S. market, featuring improved accuracy, efficiency, and advanced capabilities including deep-learning algorithms, intuitive scoring, and an all-in-one interface with breast density scoring.
Hologic (NASDAQ: HOLX) will showcase new breast health technologies at RSNA 2024 in Chicago, December 1-5. The company will unveil the Envision™ Mammography Platform, featuring a 2.5-second scan time and tilt positioning for enhanced patient comfort. Additionally, Hologic will introduce its Genius AI® Detection PRO solution, an advanced cancer screening technology that improves accuracy and efficiency through deep-learning algorithms.
The company will present study results showing their AI Detection 2.0 software performs consistently across diverse patient populations. At Booth #1919, Hologic will display their complete portfolio of breast imaging and surgery solutions, including recently acquired Endomag wireless breast surgery localization products.
Hologic (HOLX) has announced its participation in three upcoming investor conferences. The company will present at the 2024 Stephens Annual Investment Conference in Nashville on November 21st at 10 a.m. CT, the 7th Annual Evercore ISI HealthCONx Conference in Coral Gables on December 3rd at 2:10 p.m. ET, and Citi's 2024 Global Healthcare Conference in Miami on December 4th at 8:45 a.m. ET. All presentations will be accessible via webcast through Hologic's investor relations website for 30 days following each event.
Hologic (HOLX) reported strong Q4 2024 financial results with revenue of $987.9 million, up 4.5% year-over-year. The company achieved GAAP EPS of $0.76 and Non-GAAP EPS of $1.01. Organic revenue excluding COVID-19 grew 5.0% in constant currency. Key segment performance included Diagnostics revenue increasing 6.5%, Breast Health revenue rising 6.4%, and Surgical revenue growing 5.7%. The company maintained strong cash flow from operations at $367.1 million and announced plans for a $250 million accelerated share repurchase program. Hologic completed the acquisition of Endomagnetics for $310 million and announced an agreement to acquire Gynesonics for approximately $350 million.
Hologic, Inc. (Nasdaq: HOLX), a global women's health champion, has announced a definitive agreement to acquire Gynesonics, Inc., a private medical device company, for approximately $350 million. Gynesonics develops the Sonata® System, a minimally invasive technology for diagnosing and treating symptomatic uterine fibroids, including those causing heavy menstrual bleeding. The system combines real-time intrauterine ultrasound guidance with targeted radiofrequency ablation in an incisionless procedure.
Brandon Schnittker, Division President of Surgical Solutions at Hologic, stated that the acquisition will expand options for GYN surgeons globally to treat women with heavy periods and fibroids. The deal aligns with Hologic's commitment to providing minimally invasive treatment options and enhancing women's quality of life. The acquisition's completion is subject to customary closing conditions and regulatory approvals.
Hologic (Nasdaq: HOLX) has announced plans to release its financial results for the fourth quarter of fiscal 2024 on Monday, November 4, after market close. The company will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the results.
Interested participants can join the call by dialing (888) 394-8218 (US and Canada) or +1 (773) 305-6853 (international) with access code 4567924. A live webcast and replay will be available on Hologic's investor relations website for 30 days. The webcast replay will be accessible approximately two hours after the call ends.
Hologic is an innovative medical technology company primarily focused on improving women's health through early detection and treatment.
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