Sera Prognostics, Inc. - SERA STOCK NEWS

Sera Prognostics, known as The Pregnancy Company (NASDAQ: SERA), announced its participation in two significant upcoming healthcare conferences: the Cowen Health Care Conference in Boston from March 6-8, 2023, and the Oppenheimer 33rd Annual Healthcare Conference virtually from March 13-15, 2023. CEO Gregory C. Critchfield will provide updates on the company's progress, including its innovative PreTRM® Test, which aids in predicting preterm birth risk. Both conferences will feature live webcasts available on the company's investor page, ensuring accessible information for stakeholders.

Sera Prognostics (NASDAQ: SERA) announced positive top-line results from the AVERT PRETERM TRIAL, showcasing significant improvements in neonatal health outcomes and reduced hospitalization duration. The study involved 1,453 expectant mothers and demonstrated statistically significant reductions in severe neonatal morbidity and mortality. Both primary outcomes were met, affirming the effectiveness of the PreTRM® test-and-treat strategy. These results build upon previous studies and support ongoing trials, including the large PRIME study. The PreTRM® Test provides crucial risk assessments for spontaneous preterm birth, aiming to enhance outcomes for mothers and infants.

Sera Prognostics (NASDAQ: SERA) partners with Fors Marsh to introduce the PreTRM® Test as part of employee maternity benefits, effective January 1, 2023. This innovative blood-based test provides early risk assessments for spontaneous preterm births, identifying nearly 90% of at-risk pregnancies. Fors Marsh aims to enhance workforce health and cut maternity costs through this offering. Sera asserts that the PreTRM® Test's predictive capabilities contribute significantly to improving maternal and neonatal health outcomes.

Sera Prognostics Inc. (NASDAQ: SERA) published results from the ACCORDANT study, demonstrating the clinical utility and cost-effectiveness of its PreTRM® test. The study showed that enhanced care management for at-risk pregnant women could reduce neonatal and maternal hospital stays by 19% and 8.5%, respectively. Moreover, it predicted a 29% decrease in neonatal morbidity and mortality rates. These benefits were significant across diverse racial and ethnic groups. The findings highlight the potential of the PreTRM® test to address healthcare disparities in preterm birth, affecting over 10% of U.S. births annually.

Sera Prognostics Inc. (Nasdaq: SERA) reported third-quarter 2022 revenue of $87,000, up from $23,000 in Q3 2021. Total operating expenses increased to $11.3 million from $9.5 million year-over-year. R&D expenses rose to $4.2 million due to heightened laboratory and clinical study costs, while SG&A expenses slightly increased to $7.0 million. The net loss was $10.7 million, compared to $9.9 million in Q3 2021. The company holds approximately $111.2 million in cash and equivalents as of September 30, 2022.

Sera Prognostics (Nasdaq: SERA) will report its third quarter fiscal year 2022 financial results on November 9, 2022, after market close. The company will host a conference call at 5:00 p.m. ET to discuss the financial results and operational highlights. Sera is focused on improving maternal and neonatal health through its precision medicine PreTRM® test, which predicts preterm birth risk. The company aims to enhance clinical decision-making for high-risk pregnancies, addressing a significant healthcare issue with estimated annual costs in the U.S. of $25 billion related to preterm birth.

Sera Prognostics, Inc. (NASDAQ: SERA) announces collaboration with Sonrava Health and Cerebrae to integrate its PreTRM® Test into Sonrava's employee maternity benefits. The PreTRM® Test, a clinically validated blood test, helps identify nearly 90% of pregnancies at risk for spontaneous preterm births, enabling proactive interventions. Through Cerebrae’s platform, value-based care strategies are evaluated, forecasting a positive ROI for Sonrava Health. This partnership aims to enhance maternal and neonatal health while promoting cost-effective healthcare solutions.

Sera Prognostics announced that its PreTRM® Test will be available to members of Banner – University Family Care. This test offers a unique, clinically validated method for assessing the risk of spontaneous preterm birth in asymptomatic singleton pregnancies. The partnership aims to enhance maternal and neonatal health while reducing healthcare costs. A prior economic analysis indicated that the PreTRM strategy could improve outcomes and lower treatment expenses compared to standard care. This collaboration reflects a shared commitment to innovative healthcare models.

Sera Prognostics Inc. (Nasdaq: SERA) reported its second quarter financial results for 2022, achieving a revenue of $78,000, up from $20,000 in Q2 2021. Operating expenses rose to $11.8 million, compared to $7.4 million in the previous year. The net loss for the quarter was $11.5 million, widening from $6.3 million a year ago. The company highlighted improved performance of the PreTRM test and contracts with new self-insured employer plans. As of June 30, 2022, cash and equivalents stood at approximately $121 million.