Welcome to our dedicated page for iSpecimen news (Ticker: ISPC), a resource for investors and traders seeking the latest updates and insights on iSpecimen stock.
iSpecimen Inc., headquartered in Lexington, MA, is a leading marketplace for human biospecimens. The company provides researchers with the specimens they need from the patients they want through its innovative iSpecimen Marketplace. This online platform connects healthcare organizations with access to patients and specimens with scientists in need of these vital resources.
Utilizing proprietary, cloud-based technology, iSpecimen enables researchers to intuitively search for specimens across a federated partner network of hospitals, labs, biobanks, blood centers, and other healthcare organizations. This system allows for easy and compliant access to specimens, facilitating scientific discovery and advancing healthcare for all.
iSpecimen stands out by offering a unique value proposition to both researchers and partner sites. Researchers gain the necessary resources to drive their studies, while partner sites can contribute to biomedical discovery and benefit financially. The company caters to a global market, with operations spanning the Americas, Europe, the Middle East, Africa, and the Asia Pacific, with the majority of its revenue coming from the Americas.
In recent news, iSpecimen has achieved a sequential quarterly revenue growth of 75%, driven by enhanced operational efficiencies and new business initiatives. The company continues to expand its network by adding new suppliers and reinforcing existing relationships to provide researchers with increased access to highly sought-after biospecimens, especially for oncology research. Additionally, iSpecimen is making strides in quality control and assurance through digital AI histopathology services, enhancing data quality and operational efficiency.
For investors and media inquiries, iSpecimen's contacts at KCSA Strategic Communications are available for further information.
iSpecimen (Nasdaq: ISPC) announced that CEO Christopher Ianelli will participate in the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022, in New York City.
The corporate presentation will be available on-demand starting September 12, 2022, at 7:00 a.m. ET. Interested attendees can register here. iSpecimen offers a marketplace connecting scientists with healthcare specimen providers.
iSpecimen Inc. (Nasdaq: ISPC) reported Q2 2022 results, with revenue of approximately $2.3 million, down from $2.9 million in Q2 2021, primarily due to decreased COVID-19 specimen sales. General specimen revenue increased by 8% year-over-year, totaling approximately $2.2 million. The company added new suppliers focused on oncology and cardiovascular research, growing its unique supplier organizations to 214. Despite external challenges, the company aims to improve its market position through technological advancements and strategic investments.
iSpecimen Inc. (Nasdaq: ISPC) will announce its financial results for Q2 2022 on August 4, 2022, before market opening. The announcement will be followed by a conference call at 8:30 a.m. ET, featuring executive remarks from CEO Christopher Ianelli and other key leaders. Investors can access the call via phone or webcast, with a replay available until August 18, 2022. iSpecimen operates an online marketplace linking researchers with healthcare specimen providers, facilitating essential medical research.
iSpecimen (Nasdaq: ISPC) announced the addition of new global biospecimen suppliers to its Marketplace, enhancing research capabilities for oncology and cardiovascular disease. The new suppliers include a U.S.-based cancer-focused biobank and a European biobank with extensive health data from participants aged 45 to 75. These biospecimens, including pre- and post-treatment samples, are expected to aid in clinical research for treatments, addressing critical health issues as cancer and cardiovascular diseases remain leading causes of death in the U.S.
iSpecimen (Nasdaq: ISPC) has appointed Evan Cox as Vice President of Product Management, effective immediately. With nearly two decades of experience in healthcare product management, Cox will oversee the growth of the iSpecimen Marketplace™. The company's CEO, Christopher Ianelli, stated that Cox's expertise in technology solutions will be crucial for enhancing the marketplace. Previously, Cox led product management at Definitive Healthcare and has worked with Change Healthcare and WebMD. His focus will be on meeting the evolving needs of researchers and healthcare organizations.
iSpecimen (NASDAQ: ISPC) presented three key discussions at the ISBER Annual Meeting in Atlanta, focusing on the evolution of biobanking through advanced technology.
Chief Operating Officer Jill Mullan outlined how precision medicine drives the need for 'just-in-time' biospecimen collections, leveraging five years of data from the iSpecimen Marketplace. Key insights highlighted the transition from traditional inventory methods to a dynamic, online inventory system.
Additional talks included the journey of iSpecimen from ideation to IPO and an interactive demo of the enhanced Marketplace platform.
iSpecimen (Nasdaq: ISPC), a leading online marketplace for biospecimens, announced that CEO Christopher Ianelli will participate virtually in the H.C. Wainwright Global Investment Conference from May 23-26, 2022. His presentation will be accessible on-demand starting May 24, 2022, at 7:00 a.m. ET. The conference aims to connect scientists with healthcare providers for medical research. iSpecimen’s platform facilitates searching for human biospecimens through a cloud-based network, enhancing medical discoveries.
iSpecimen Inc. (Nasdaq: ISPC) reported Q1 2022 revenue of approximately $2.5 million, down from $3.0 million year-over-year, impacted by the Ukraine-Russia conflict affecting supply chains. The company managed to transition $1.0 million in open purchase orders to other suppliers, demonstrating marketplace adaptability. Unique customers rose by 25% to 437, and supplier organizations increased to 205. General and administrative expenses rose to $1.8 million due to increased costs. Net loss for the quarter was about $2.4 million, with cash reserves at approximately $26.1 million.
iSpecimen Inc. (Nasdaq: ISPC) announced plans to report its financial results for Q1 2022 on May 10, 2022, before market opening. The company connects researchers with biospecimens through an online marketplace. A conference call will be held at 8:30 a.m. ET that same day, featuring CEO Christopher Ianelli and other executives. Interested participants can join via phone or webcast, with a replay available until May 24, 2022. iSpecimen specializes in facilitating medical research by linking scientists with healthcare providers for essential specimens.
iSpecimen (Nasdaq: ISPC) has launched an enhanced iSpecimen Marketplace® platform that improves search capabilities and data integration for biospecimen procurement. The updated interface features a Google-like search bar and advanced matching algorithms, allowing researchers to find the specific human biospecimens they need. Suppliers can access their inventories more easily, while new data fields enhance the search process. The marketplace remains free for both suppliers and researchers, aiming to streamline the connection between scientists and medical samples critical for research.
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