Welcome to our dedicated page for Veracyte news (Ticker: VCYT), a resource for investors and traders seeking the latest updates and insights on Veracyte stock.
Veracyte, Inc. (NASDAQ: VCYT) is a leader in genomic diagnostics, developing advanced solutions that transform patient care through precision medicine. This dedicated news hub provides investors and healthcare professionals with timely updates on the company’s financial performance, clinical advancements, and strategic initiatives.
Access official press releases, earnings reports, and regulatory filings in one centralized location. Track developments across key areas including oncology testing innovations, global expansion efforts, and partnerships with leading research institutions. Our curated collection ensures you stay informed about milestones that shape VCYT’s role in advancing evidence-based diagnostic technologies.
Discover updates on new product clearances, peer-reviewed study publications, and executive leadership announcements. This resource is designed to support data-driven decision-making for stakeholders monitoring the evolving landscape of molecular diagnostics. Bookmark this page for direct access to primary source materials and analysis of Veracyte’s market position.
Veracyte (NASDAQ: VCYT) announced the immediate appointment of Dr. Eliav Barr to its board of directors. Dr. Barr brings extensive biopharmaceutical experience, particularly in global clinical development, which is expected to enhance Veracyte's strategic initiatives, especially in immuno-oncology. CEO Marc Stapley emphasized the potential for improved patient outcomes through this new leadership. Dr. Barr previously held high-level positions at Merck, overseeing critical therapeutic areas and leading the development of key vaccines. Veracyte aims to leverage his expertise to expand biopharmaceutical partnerships.
Veracyte reported a 32% increase in total revenue, reaching $72.9 million for Q2 2022, compared to Q2 2021. Total test volume grew by 19% to 24,904 tests.
Key highlights included significant advancements in clinical evidence for its genomic tests and an updated clinical guideline endorsing its Decipher Prostate test. Operating expenses rose 29% year-over-year to $53.7 million, with a net loss of $9.5 million.
The company projects full-year 2022 revenue between $272 million and $280 million, reflecting growth of 24% to 28%.
Veracyte, Inc. (NASDAQ: VCYT) announced that its Afirma Medullary Thyroid Cancer (MTC) Classifier achieved 100% sensitivity and 100% specificity in identifying MTC from pre-operative thyroid samples. The study evaluated 211 fine needle aspiration samples, successfully identifying all 21 MTC cases and 190 non-MTC cases. This genomic test may lead to more timely diagnoses, improving surgical planning and patient outcomes for this aggressive cancer type. The Afirma MTC Classifier is part of Veracyte’s offerings for patients with indeterminate thyroid nodules.
Veracyte, Inc. (NASDAQ: VCYT) will release its financial results for Q2 2022 on August 2, 2022, after the market close. Following this, management will conduct a conference call at 4:30 p.m. ET to discuss results and provide a business update. The call will be accessible via the company’s website, and a replay will be available afterward. Veracyte is dedicated to improving patient care through advanced diagnostics, reducing the need for risky procedures, and expediting appropriate treatment for prevalent cancers.
Veracyte announced positive data on its Percepta Genomic Sequencing Classifier (GSC), published in PLOS ONE. The multi-cohort study involved 412 lung nodule patients with inconclusive bronchoscopy results, demonstrating that the Percepta GSC can accurately reclassify cancer risk, helping patients avoid unnecessary invasive procedures. Results showed that 39.1% of patients were reclassified into different risk categories, with significant predictive values for identifying low and high risks. These findings could potentially lead to earlier diagnoses and improved patient outcomes for lung cancer.
Veracyte (NASDAQ: VCYT) announced findings from a meta-analysis presented at ENDO 2022, reinforcing the Afirma Genomic Sequencing Classifier's (GSC) accuracy in ruling out thyroid cancer in patients with indeterminate nodules. The analysis of 13 studies indicates a sensitivity of 97% and a negative predictive value of 99%, mirroring original clinical validation. Notably, the Afirma GSC showed a 65% positive predictive value for malignancy in suspicious nodules, surpassing the initial 47% noted in earlier validations. This underscores the test's effectiveness in reducing unnecessary surgeries.
Veracyte (Nasdaq: VCYT) announced significant findings from the SAKK 09/10 trial, a phase 3 study involving 226 patients with biochemical recurrence of prostate cancer. The Decipher Prostate genomic classifier demonstrated its ability to identify patients at high risk for cancer progression post-radical prostatectomy, guiding timely and effective treatment decisions. Patients with high Decipher scores were over twice as likely to experience progression. This study supports the utility of Decipher Prostate in personalized treatment strategies, enhancing patient outcomes.
New data from Veracyte's Immunoscore Immune Checkpoint assay indicates potential for improving treatment of metastatic colorectal cancer (mCRC) by identifying patients likely to benefit from immune checkpoint inhibitors. Findings from the AtezoTRIBE trial, published in The Lancet Oncology, show a modest benefit when atezolizumab is added to standard treatment. The study reveals a significant correlation between high Immunoscore IC results and treatment response, marking it as a potential predictive tool for mCRC patients.
Veracyte announced new data from a significant study involving over 10,000 men, highlighting the clinical utility of the Decipher Prostate genomic classifier. The findings suggest that Decipher tests can effectively guide prostate cancer treatment decisions, leading to improved patient care. Results indicate that men with low-risk scores are more likely to choose active surveillance, whereas those with higher-risk scores tend to opt for radical prostatectomy. This collaboration aims to enhance data for oncology researchers through the National Cancer Institute's SEER program.
