Welcome to our dedicated page for Standard BioTools news (Ticker: LAB), a resource for investors and traders seeking the latest updates and insights on Standard BioTools stock.
Standard BioTools Inc. (Nasdaq: LAB), formerly known as Fluidigm Corporation, is at the forefront of biomedical research technology development. The company specializes in providing innovative tools that accelerate the discovery and development of new medicines. Their core technologies include proprietary mass cytometry and microfluidics, catering to the proteomics and genomics markets respectively. With these advanced tools, Standard BioTools enables researchers to gain deep insights into health and disease, facilitating breakthroughs in areas such as oncology, immunology, and immunotherapy.
Headquartered in South San Francisco, Standard BioTools operates globally, serving academic, governmental, pharmaceutical, biotechnology, and clinical laboratories. The company’s products are designed to improve experimental workflows, increase throughput, and reduce costs while maintaining high data quality. Their offerings include sophisticated instruments, software, integrated fluidic circuits (IFCs), high-performance assays for gene expression and genotyping, and next-generation sequencing primers.
In recent developments, Standard BioTools has entered a multi-year collaboration with Bristol Myers Squibb to utilize the SomaScan® Platform in clinical trials, enhancing drug development processes in therapeutic areas like immunology and cardiovascular diseases. Additionally, the company has enhanced its spatial biology capabilities with the launch of the Hyperion™ XTi system, which offers rapid and detailed tissue imaging modes.
Financially, Standard BioTools is focused on operational excellence and disciplined M&A strategies to drive profitable growth. Recent restructuring efforts are projected to save $45-50 million in operational expenses annually by 2025, positioning the company for long-term sustainable growth. The issuance of new common stock shares has also streamlined the company’s capital structure, making it more attractive to investors and potential M&A partners.
Overall, Standard BioTools is committed to providing reliable and repeatable insights that transform scientific discoveries into better patient outcomes, thus playing a crucial role in advancing human health.
Standard BioTools Inc. (Nasdaq:LAB) announced it will report its first quarter 2023 financial results on May 9, 2023, after market close. The company's management will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss the results and operational developments. A press release will precede the call.
The company, focused on providing innovative tools for biomedical research, leverages proprietary technologies to enhance research capabilities in oncology and immunotherapy. They aim to improve patient outcomes through their advanced mass cytometry and microfluidics technologies.
FAQ
What is the current stock price of Standard BioTools (LAB)?
What is the market cap of Standard BioTools (LAB)?
What does Standard BioTools Inc. specialize in?
Where is Standard BioTools Inc. headquartered?
What are the main applications of Standard BioTools' technologies?
What recent collaborations has Standard BioTools announced?
What is the Hyperion™ XTi system?
How is Standard BioTools working towards financial sustainability?
What are the geographic markets for Standard BioTools?
Who are the key customers of Standard BioTools?
What benefits do researchers gain from using Standard BioTools' products?
Can Standard BioTools' products be used for diagnostic procedures?
