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SOPHiA GENETICS SA (Nasdaq: SOPH) is a leader in the field of data-driven medicine, leveraging cutting-edge technology to advance healthcare. Based in Switzerland, the company is renowned for its high medical standards and precision. SOPHiA GENETICS has built the SOPHiA DDM™ Platform, a cloud-based SaaS platform designed to analyze complex genomic and multimodal data, delivering valuable insights for clinical and life sciences research.
Through its innovative platform, SOPHiA GENETICS supports healthcare professionals in over 100 hospitals globally, enabling them to perform faster and more accurate diagnoses using next-generation sequencing (NGS) analytics. The platform also facilitates knowledge sharing within the largest clinical genomics community.
Recently, SOPHiA GENETICS has made significant strides with several notable partnerships:
- Unilabs, a prominent European diagnostic provider, adopted the SOPHiA DDM™ Platform to enhance their HRD-status testing capabilities in solid tumors.
- Syndicate Bio in Nigeria integrated MSK-ACCESS® powered by SOPHiA DDM™, marking the first comprehensive genomic profiling and liquid biopsy availability across Africa.
- Klinikum Klagenfurt in Austria and Instituto Mário Penna in Brazil have also implemented the platform to advance their cancer diagnostics and treatment planning, particularly in blood-related cancers and disorders.
Financially, SOPHiA GENETICS is recognized for its robust operational execution and business momentum, continually reaffirming its guidance. The company is actively collaborating with tech giants like Microsoft and NVIDIA to develop a streamlined whole genome sequencing (WGS) analytical solution, promising rapid and precise insights aiding clinical decision-making.
SOPHiA GENETICS also launched SOPHiA UNITY, a global consortium to accelerate cancer research by harnessing diverse, high-quality data from leading institutions worldwide. The platform’s advanced AI-based technology and proprietary algorithms will support decision-making and expedite oncology research.
For more information, visit SOPHiAGENETICS.com or connect on LinkedIn, X, Facebook, and Instagram.
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SOPHiA GENETICS (SOPH) CFO and COO to speak at Barclays Global Healthcare Conference on March 13, 2024. Webcast available on Investor Relations website.
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SOPHiA GENETICS reports strong financial performance in Q4 2023 and FY 2023 with record revenue, customer additions, and cash burn decline. Revenue grew 27% in Q4 and 31% for FY 2023, with improved gross margins and operating loss. Cash burn decreased by 36% year-over-year. The company signed 35 new customers in Q4 2023 and expanded its presence in the U.S. market. SOPHiA DDM™ platform saw significant growth and adoption, with new applications and partnerships driving revenue. The company aims for continued growth in 2024 and profitability in the next 2+ years.
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SOPHiA GENETICS (SOPH) executives to participate in fireside chat at 44th Annual TD Cowen Health Care Conference. The chat will be webcast live on the company's Investor Relations website, with a replay available post-event.
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SOPHiA GENETICS (SOPH) will release its financial results for Q4 and full-year 2023 on March 5, 2024. The company, known for data-driven medicine, will host a conference call to discuss the results and business outlook.
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SOPHiA GENETICS and AstraZeneca Spain have expanded their HRD testing program in Spain to support the molecular diagnosis of ovarian cancer. The program aims to increase access to local testing for homologous recombination deficiency (HRD) throughout the country, with the goal of making vital testing available to thousands more patients. AstraZeneca Spain has named SOPHiA GENETICS its preferred partner in deploying HRD testing throughout Spain, offering the option for HRD testing to become available to more laboratories. The collaboration aims to increase accelerated diagnostics for patients and support clinicians in precision treatment planning.
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SOPHiA GENETICS (SOPH) announced a collaboration with Bioma4me, a Brazil-based company focused on genetic sequencing to drive precision medicine in Brazil. Bioma4me will use SOPHiA DDM™ Platform to advance and streamline its genetic testing capabilities, enabling fast turnaround time for results and full ownership over its data. Through this partnership, Bioma4me aims to advance the field of oncology, microbiome, and genetic diseases in Latin America.
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RareCyte Inc. has partnered with SOPHiA GENETICS to implement the SOPHiA DDM™ Platform for its Precision Biology Services portfolio. This partnership will enable RareCyte to provide DNA sequencing of circulating tumor cells and cell-free DNA for cancer patient testing, supporting the advancement of oncology, immuno-oncology, maternal-fetal health, and cell and gene therapy.
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SOPHiA GENETICS partners with Karkinos Healthcare to advance cancer research and personalized cancer care in India. The partnership aims to expand access to precision oncology and equip local health institutions with the tools and technology needed to practice data-driven medicine. Karkinos Healthcare will use the SOPHiA DDM™ Platform to advance research and streamline workflow for a variety of blood cancers and solid tumors, with a focus on precision medicine for the underprivileged population of India.
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SOPHiA GENETICS (Nasdaq: SOPH) reports continued revenue growth driven by strong adoption and analysis volume of the SOPHiA DDM™ Platform. The company will present its near-term growth strategy at the 42nd annual J.P. Morgan Healthcare Conference, highlighting a record 315,000+ analyses globally in 2023, with over 1.5 million genomic profiles analyzed worldwide. New customer count for 2023 includes 87 core genomics customers globally, resulting in a current network of 750+ customers using SOPHiA DDM™ globally. The company also announced new U.S.-based customer Tennessee Oncology exploring MSK-ACCESS® powered with SOPHiA DDM™, Latin American healthcare network Dasa expanding to incorporate the liquid biopsy application, and The Royal Marsden live on the SOPHiA DDM™ Platform to support HRD testing and research.
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SOPHiA GENETICS (Nasdaq: SOPH) collaborates with Exactis Innovation, a non-profit network of hospital partners across Canada, to fuel cancer research and data-driven decision-making through the SOPHiA DDM™ platform. The collaboration aims to improve cancer survivorship in Canada by leveraging real-world data insights from multimodal datasets. The partnership will also enable Exactis to implement leading cancer testing solutions for its patient population.
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FAQ
What is the current stock price of SOPHiA GENETICS SA Ordinary Shares (SOPH)?
The current stock price of SOPHiA GENETICS SA Ordinary Shares (SOPH) is $3.65 as of November 1, 2024.
What is the market cap of SOPHiA GENETICS SA Ordinary Shares (SOPH)?
The market cap of SOPHiA GENETICS SA Ordinary Shares (SOPH) is approximately 241.9M.
What does SOPHiA GENETICS do?
SOPHiA GENETICS is a healthcare technology company that leverages AI to analyze complex genomic and multimodal data, providing insights for clinical diagnostics and life sciences research.
What is the SOPHiA DDM™ Platform?
The SOPHiA DDM™ Platform is a cloud-based SaaS solution that analyzes next-generation sequencing (NGS) data and integrates various diagnostic modalities to deliver actionable insights for healthcare providers.
Where is SOPHiA GENETICS based?
SOPHiA GENETICS is headquartered in Switzerland, with a physical presence in France, the United States, and Brazil.
Who are some of SOPHiA GENETICS' partners?
Recent partners include Unilabs in Europe, Syndicate Bio in Nigeria, Klinikum Klagenfurt in Austria, and Instituto Mário Penna in Brazil.
What is SOPHiA UNITY?
SOPHiA UNITY is a data-driven consortium designed to accelerate cancer research globally by bringing together healthcare institutions to share and analyze diverse, high-quality data.
How does SOPHiA GENETICS support precision medicine?
Through its SOPHiA DDM™ Platform, SOPHiA GENETICS enables healthcare providers to perform fast, accurate genetic analyses, facilitating data-driven treatment decisions and advancing precision medicine.
What recent advancements have SOPHiA GENETICS made?
Recent advancements include the integration of their platform by Unilabs for HRD-testing in tumors, the launch of WGS solutions in collaboration with Microsoft and NVIDIA, and the formation of SOPHiA UNITY for cancer research.
What is the company's mission?
SOPHiA GENETICS' mission is to expand access to data-driven medicine globally, using AI to provide world-class care to patients with cancer and rare disorders.
How does SOPHiA GENETICS ensure data privacy and quality?
The company employs advanced bioinformatics and machine learning technologies to ensure high-quality analysis and secure banking of patient DNA sequence data, maintaining stringent privacy standards.
How can I learn more about SOPHiA GENETICS?
For more information, visit their website at SOPHiAGENETICS.com or connect with them on social media platforms like LinkedIn, X, Facebook, and Instagram.
SOPHiA GENETICS SA Ordinary Shares
Nasdaq:SOPH
SOPH Rankings
SOPH Stock Data
241.89M
65.38M
5.84%
49.85%
0.02%
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