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Standard BioTools Inc. (LAB) pioneers precision tools for accelerating biomedical discoveries in proteomics and genomics. This dedicated news hub provides investors, researchers, and industry professionals with comprehensive updates on the company's advancements in mass cytometry, microfluidics, and high-throughput research solutions.
Access real-time press releases, earnings reports, and strategic announcements to stay informed about LAB's innovations in life sciences technology. Our curated collection includes updates on product launches, clinical research collaborations, and scientific milestones that shape the future of translational medicine.
Key content categories cover financial performance, technology partnerships, and regulatory developments, alongside insights into applications across oncology, immunology, and biomarker discovery. Each update is verified for accuracy and relevance, ensuring you receive authoritative information directly impacting biomedical research trends.
Bookmark this page for streamlined access to Standard BioTools' latest progress in developing automated, sample-efficient platforms trusted by leading academic institutions and pharmaceutical organizations worldwide.
Standard BioTools Inc. (Nasdaq:LAB) will release its third quarter 2022 financial results on November 8, 2022, after market closure. Following the report, management will conduct a conference call at 2:00 p.m. PT to discuss the results and operational updates. Interested parties can join the call by dialing the provided numbers or through the company's website for a live audio webcast. Standard BioTools aims to enhance human health by providing next-generation technologies to biomedical researchers worldwide.
Standard BioTools Inc. (Nasdaq:LAB) announced that its strategic partner, Ascendas Genomics, has secured approval from the National Medical Products Administration (NMPA) of China for its Biomark™ and Juno™ systems. This approval marks a significant advancement in microfluidics technology within the Chinese molecular diagnostics market. The partnership aims to enhance precision medicine and expand the application of Standard BioTools' technologies, known for their automation, accuracy, and efficiency, catering to the increasing demand in disease risk screening.
Standard BioTools Inc. (Nasdaq: LAB) has launched the X9™ Real-Time PCR System, enhancing genomics capabilities with high efficiency. The X9 can execute over 9,000 nanoliter-volume reactions in a single run, significantly reducing costs and labor by using a microfluidic chip instead of traditional 96 plates. This innovation is designed to meet the evolving needs of agricultural genomics and clinical research, allowing laboratories to optimize their output amid labor shortages. The launch reflects Standard BioTools' commitment to serving specialized markets with advanced technologies.
Standard BioTools (Nasdaq:LAB) announced on August 25, 2022, that its Compensation Committee granted equity awards to twenty new employees as part of the 2022 Inducement Equity Incentive Plan. The awards, totaling 316,900 restricted stock units (RSUs), become effective August 22, 2022, with vesting occurring in stages starting May 20, 2023. Each RSU vests at 25% on the first date, followed by 6.25% every three months, contingent on continued employment. This move aligns with Nasdaq Listing Rule 5635(c)(4).
Standard BioTools Inc. (Nasdaq: LAB) reported second-quarter revenue of $18.8 million, down from $31.0 million a year ago, primarily due to lower instrument and COVID-19 testing revenues. The company incurred a GAAP net loss of $63.5 million, compared to a $17.1 million loss in Q2 2021. A $250 million strategic cash infusion has been secured to support restructuring initiatives aimed at reducing operating cash burn and enhancing gross margins by 7-10%. Current cash reserves are expected to fund operations through to positive cash flow by the end of 2024.
Standard BioTools Inc. (Nasdaq:LAB) announced it will report its second quarter 2022 financial results on August 8, 2022, after market close. The company, known for its mission to enhance human health through advanced technologies, is set to host a conference call at 1:30 p.m. PT to discuss its financial outcomes and operational progress. Interested parties can listen via phone or through a live webcast on the company's Investor Relations page.
Standard BioTools Inc. (Nasdaq:LAB) reported first-quarter 2022 financial results with total revenue of $26.5 million, down from $32.8 million in Q1 2021, primarily due to lower COVID-19 revenue. The GAAP net loss was $76.3 million, significantly higher than a net loss of $18.8 million in Q1 2021, while non-GAAP net loss also increased to $19.5 million from $11.1 million. The company secured a $250 million capital infusion from Casdin Capital and Viking Global, aimed at enhancing operations and growth strategies amidst ongoing sales disruptions and COVID-19 impacts.
Standard BioTools Inc. (Nasdaq:LAB) will announce its first quarter 2022 financial results on May 5, 2022, after market close. A conference call will be held at 2:00 p.m. PT to discuss these results and operational progress. Notably, the recent appointment of new management members follows a $250 million strategic capital infusion, leading to a 90-day assessment period without a Q&A session. The company focuses on advancing tools for biomedical research, highlighting its commitment to improving human health and efficiency in drug development.
Standard BioTools Inc. (Nasdaq:LAB) has launched the Hyperion+™ Imaging System, enhancing high-plex spatial imaging capabilities with a 1.6x lower limit of detection and the ability to process over 100 samples per week. This system enables researchers to uncover critical insights into disease mechanisms and therapeutic responses, significantly accelerating translational research. Key advantages include faster results, up to 10x cost savings compared to conventional methods, and the capacity for high-quality data generation with minimal autofluorescence. The system was unveiled at the AACR annual meeting in New Orleans.
Standard BioTools Inc. announced the grant of equity inducement awards to new executives, including Michael Egholm as CEO, Hanjoon Kim as COO, and Ardalan Arfaei as Senior VP. The Compensation Committee approved stock options and restricted stock units (RSUs) to incentivize their employment, with awards comprising millions of shares. The options have a 10-year term with an exercise price of $3.99 per share, vesting over four years. Standard BioTools aims to accelerate breakthroughs in human health using innovative technologies in biomedical research.
