Personalis Stock Price, News & Analysis

Personalis, Inc. (Nasdaq: PSNL) announced the publication of its study on the SHERPA™ algorithm, significantly improving MHC-peptide binding prediction for neoantigen discovery. This new machine learning tool demonstrates a 1.44-fold increase in positive predictive value over existing tools, trained on a dataset of 2.15 million peptides across 167 HLA alleles. The study emphasizes SHERPA's potential in enhancing cancer therapy prediction and accelerating the development of personalized treatments, leveraging data from diverse cell lines.

Personalis, Inc. (NASDAQ: PSNL) will announce its third quarter 2021 financial results on November 4, 2021, before the market opens. The company will host a conference call at 5:30 a.m. PT to discuss its financials and recent developments. Interested parties can join via telephone or access a live webinar through the company’s investor website. Personalis specializes in advanced cancer genomics, providing insights from approximately 20,000 human genes, which facilitates precision cancer therapies and diagnostics.

Personalis, Inc. (NASDAQ: PSNL) has appointed Robert Bruce as Vice President of Reimbursement. With over 25 years of experience in reimbursement strategies within clinical molecular diagnostics, Bruce aims to enhance access to advanced molecular diagnostic tests for cancer. Prior to joining Personalis, he held leadership roles at Clinical Genomics and other companies. His expertise is expected to facilitate growth in clinical laboratory testing at Personalis, enabling innovative solutions for understanding cancer at a molecular level.

Mayo Clinic has partnered with Personalis Inc. (Nasdaq: PSNL) to offer clinical-grade comprehensive cancer genomic sequencing. Announced on October 12, the collaboration aims to provide genomic testing for cancer patients, guiding treatment decisions and advancing research. The test will analyze the entire coding genome, with results available to both patients and their healthcare providers. Mayo Clinic officials emphasize the importance of diverse patient access to such advanced testing, which seeks to improve treatment personalization and contribute data to develop new therapies.

Personalis, Inc. (NASDAQ: PSNL) announced a new task order from the U.S. Department of Veterans Affairs Million Veteran Program (VA MVP) valued at up to $10 million. The company reported record orders exceeding $25 million in Q3 from oncology customers. Total revenue is projected at approximately $22.2 million for Q3 and around $85 million for the full year 2021. Despite a decline in VA MVP task orders due to the pandemic, oncology orders have surged, indicating a shift in revenue sources. The company expects oncology to contribute significantly to revenue growth in 2022.

Personalis, Inc. (Nasdaq: PSNL), a leader in advanced cancer genomics, announced its participation in the Morgan Stanley 19th Annual Global Healthcare Conference on September 9, 2021, at 3:30 PM Eastern Time. The company focuses on precision cancer therapies and diagnostics, leveraging its NeXT Platform to provide insights into human genes and the immune system from tissue samples. With one of the largest sequencing labs globally, Personalis aims to enhance cancer treatment through advanced technologies.

Personalis, Inc. (NASDAQ: PSNL) announced its relocation of corporate headquarters and Clinical Laboratory from Menlo Park to a new 100,000 sq. ft. facility in Fremont, aimed at supporting growth and expanding laboratory operations. The 13-year lease on the new facility, nearly doubling their existing space, reflects the company's ambition to enhance its presence in the cancer diagnostics market. CEO John West emphasized the intention to recruit top talent to meet business goals and strengthen R&D efforts. The move is expected to occur within the next 12 months.

Personalis, Inc. (Nasdaq: PSNL) reported record revenue of $21.7 million for Q2 2021, an 11% increase from $19.5 million in Q2 2020. The revenue from biopharma and other customers, excluding the VA MVP, grew 72% to $8.2 million. The company ended the quarter with cash and investments totaling $328.9 million. Despite achieving growth, Personalis faced a net loss of $15 million and an anticipated net loss of $65 million to $70 million for 2021. Looking ahead, Q3 revenue is expected to be around $22.2 million.

Personalis, Inc. (Nasdaq: PSNL), a leader in advanced cancer genomics, announced its participation in the 6th Annual Needham Virtual MedTech & Diagnostics 1x1 Conference on August 17, 2021. The company specializes in population sequencing and cancer genomics, focusing on providing comprehensive molecular data from a single tissue sample through the Personalis® ImmunoID NeXT Platform®. Additionally, Personalis is the sole sequencing provider to the VA MVP, emphasizing its commitment to quality and efficiency in oncology.