Welcome to our dedicated page for Sera Prognostics news (Ticker: SERA), a resource for investors and traders seeking the latest updates and insights on Sera Prognostics stock.
Sera Prognostics, Inc. (NASDAQ: SERA) is a biotechnology company based in Salt Lake City, Utah, specializing in the development of innovative diagnostic tests for early prediction of preterm birth risk and other pregnancy complications. Sera's mission is to provide pivotal pregnancy information to improve maternal and neonatal health. The company's flagship product, the PreTRM® Test, offers a unique blood-based biomarker test that predicts the individualized risk of spontaneous premature delivery in asymptomatic singleton pregnancies, allowing for proactive clinical interventions.
Sera Prognostics leverages a proprietary platform integrating proteomics and bioinformatics to discover, develop, and commercialize predictive analytic products that address the unmet needs in women's health. The company is committed to enhancing prenatal care and has formed strategic partnerships, including collaboration with the Bill & Melinda Gates Foundation to make its technologies accessible in underserved regions worldwide.
As a private entity supported by a robust investor base, including renowned names like Domain Associates and InterWest Partners, Sera Prognostics has assembled an expert management team and board of directors with substantial experience in clinical development and women's healthcare diagnostics. Recent achievements include the company's addition to the preliminary list of the Russell 3000 and Russell Small-Cap 2000 indexes, reflecting its growing market presence.
Financially, Sera Prognostics reported a significant reduction in operating expenses in recent quarters, aligning its commercial strategy with current market dynamics. The company continues to focus on advancing its product pipeline, including the development of ambient whole blood collection methods to enhance lab efficiency and reduce costs. The overall strategic directives aim at broadening test adoption and improving health outcomes, ultimately reducing the healthcare costs associated with maternal and neonatal complications.
For the latest updates, financial results, and operational highlights, interested parties can access the company's investor relations page and register for upcoming conference calls.
Sera Prognostics (NASDAQ: SERA) announced a partnership with PreemieWorld, GLO Preemies, and the Alliance for Black NICU Families to support families affected by preterm birth. This collaboration aims to address healthcare disparities, particularly among African Americans, who are 50% more likely to experience premature delivery. The initiative includes distributing a children's book, Will Our Egg Hatch Early?, focusing on preterm birth risks. Sera's PreTRM® test offers early risk prediction for preterm births, enhancing proactive prenatal care.
Sera Prognostics (NASDAQ: SERA) will report its third quarter 2021 financial results on November 9, 2021, after market close. This announcement includes a conference call at 5:00 p.m. ET for discussing operational highlights and financial results. Sera Prognostics specializes in improving maternal and neonatal health through innovative pregnancy biomarker information, notably its PreTRM® test, which predicts preterm birth risk. The company aims to enhance healthcare while reducing costs through early intervention.
Sera Prognostics, Inc. (NASDAQ: SERA), known as The Pregnancy Company™, has appointed Dr. Paul Kearney as Chief Data Officer, effective October 1, 2021. Dr. Kearney will leverage his extensive experience in data science and bioinformatics to enhance Sera's research and commercial activities related to pregnancy health. He has co-founded successful biotech firms and has a strong background in clinical research and product development. The company remains focused on innovative prenatal health diagnostics, exemplified by its PreTRM® test, which predicts preterm birth risk through blood biomarkers.
Sera Prognostics, Inc. (Nasdaq: SERA) has been added to the Russell 2000 Index effective September 20, 2021, enhancing its visibility within the investment community. This milestone follows the company’s transition to a public entity in July 2021. The company focuses on improving maternal and neonatal health through innovative biomarker testing, particularly its PreTRM test, which predicts preterm birth risk. Sera aims to expand revenue and shareholder value through increased awareness and adoption of its services.
Sera Prognostics, focused on maternal and neonatal health, announced Dr. Michael R. Foley as Chief Medical Officer starting January 2022. He brings over 20 years of Maternal-Fetal Medicine experience and has chaired Obstetrics and Gynecology at the University of Arizona. Dr. Foley will lead medical activities and help expand access to Sera's PreTRM® risk information, aimed at improving pregnancy outcomes. His appointment aligns with Sera's mission to provide innovative diagnostic solutions for better individualized prenatal care.
Sera Prognostics published a study demonstrating the clinical benefits of its PreTRM® testing, revealing a 20% reduction in preterm births and significant cost savings. The analysis of over 40,000 health plan members indicated a net savings of $863 per pregnant woman, totaling a possible $54 million reduction in costs. Furthermore, the study could forecast annual savings of over $850 million for U.S. health plans with full adoption of the test-and-treat strategy. The results enhance Sera's strategy for improving pregnancy outcomes while reducing healthcare expenses.
Sera Prognostics Inc. (Nasdaq: SERA), dedicated to maternal and neonatal health, will present at the Oppenheimer Fall Healthcare Life Sciences & Med Tech Summit on September 21, 2021, at 8:15 a.m. ET. CEO Gregory C. Critchfield will discuss the company’s achievements and updates. Investors can join one-on-one meetings post-presentation. Sera’s PreTRM® test is a vital tool for predicting preterm birth risks, vital for personalized clinical decisions. The webcast will be available for 90 days on Sera's website.
Sera Prognostics Inc. (SERA) reported financial results for Q2 2021, showing revenue of $20,000, a significant increase from $6,000 in Q2 2020. Despite this growth, the company incurred a net loss of $6.3 million, up from $4.7 million year-over-year. Operating expenses rose to $7.4 million, driven by increased R&D and SG&A costs. A key highlight includes a strategic partnership with Anthem to provide their PreTRM® test to eligible pregnant members. The company had $90.9 million in cash as of June 30, 2021, following a $75 million IPO in July 2021, aimed at supporting commercialization and clinical studies.
Sera Prognostics has reported significant findings from the PREVENT-PTB study published in the American Journal of Perinatology. This study, evaluating the impact of the PreTRM® test on neonatal care, indicates that NICU and total hospital stays for preterm infants were reduced by over 70%. The results showed a 66% reduction in severe morbidity and newborn death rates. Sera's PreTRM® test demonstrated efficacy in managing pregnancies at higher risk for preterm births, although the trial was terminated early due to limited resources. These findings could enhance neonatal healthcare and reduce associated costs.
Sera Prognostics Inc., known as The Pregnancy Company®, has priced its initial public offering at $16.00 per share, offering 4,687,500 shares and expecting gross proceeds of approximately $75.0 million. Shares will begin trading on the Nasdaq under the symbol 'SERA' starting July 15, 2021, with the offering set to close on July 19, 2021, pending customary conditions. The company focuses on enhancing maternal and neonatal health through innovative pregnancy biomarkers, and has a pipeline dedicated to predicting preterm birth risks.
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