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Veracyte - VCYT STOCK NEWS

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. (symbol: VCYT) is a pioneering genomic diagnostics company dedicated to significantly enhancing patient care through innovative diagnostic solutions. The company specializes in developing and providing genomic diagnostic products and services that improve clinical outcomes by resolving the uncertainties inherent in traditional diagnostic methods.

Veracyte's core business revolves around creating tests that offer more accurate diagnoses without resorting to risky, costly, and often unnecessary surgeries. By employing top-tier scientific rigor, state-of-the-art tools, and the brightest minds in the field, Veracyte delivers diagnostic solutions that bring clarity and assurance to patients and physicians alike.

The company's product portfolio includes the Afirma analysis, Percepta, Envisia, and other cutting-edge diagnostic tests. These products are designed to tackle diseases such as thyroid cancer, lung cancer, and idiopathic pulmonary fibrosis. Veracyte's diagnostic tests are distinguished by their ability to provide conclusive results where traditional methods fall short, thereby sparing patients from unnecessary surgical procedures.

Recent achievements highlight Veracyte's commitment to innovation and excellence. The company consistently introduces evidence that sets new standards in genomic tests, fundamentally altering current clinical practice norms. This commitment to scientific excellence ensures that Veracyte remains at the forefront of the genomic diagnostics industry.

Veracyte's impact extends beyond just clinical outcomes; it significantly influences the lives of both patients and physicians by offering a clearer path forward. Through continuous research, strategic partnerships, and an unwavering dedication to improving patient care, Veracyte stands out as a leader in the genomic diagnostics field.

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Veracyte, Inc. presented data from 14 studies at AUA 2024 showing the effectiveness of Decipher Prostate and Decipher Bladder Genomic Classifiers in providing better prognostic information for patients with prostate and bladder cancer. The research-use-only Decipher GRID tool is also aiding in advancing scientific understanding of these diseases. The studies presented reinforce Veracyte's commitment to evidence-based tests and clinical utility. The Decipher Prostate test has shown the ability to better inform prostate cancer treatment, while the Decipher Bladder test is proving useful in predicting outcomes for bladder cancer patients.

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Veracyte, Inc. (Nasdaq: VCYT) will release its first quarter 2024 financial results on May 7, 2024, followed by a conference call and webcast to discuss the results and provide a business update.
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Veracyte, Inc. announces new study results showing that the Decipher Prostate Genomic Classifier is prognostic for identifying prostate cancer progression among patients undergoing Active Surveillance. The test provides treatment-outcome data from a prospective trial, aiding in the selection of optimal candidates for active surveillance.
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Veracyte, Inc. announces that nine studies showcasing the value of Decipher Prostate and Decipher Bladder testing will be presented at AUA 2024, emphasizing the clinical utility and biological insights of these genomic classifiers.
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Veracyte, Inc. announced that its Decipher Prostate Genomic Classifier has received a 'Level 1B' evidence rating in the 2024 NCCN Clinical Practice Guidelines in Oncology, making it the only gene expression test to achieve this status. The test was recognized for its prognostic value in risk stratifying patients with localized prostate cancer, with recommendations based on extensive clinical evidence.
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Veracyte, Inc. (Nasdaq: VCYT) reported strong financial results for Q4 and full year 2023, with total revenue growing to $98.2 million in Q4 and $361.1 million for the year. The company achieved a 22% increase in total revenue, driven by growth in test volume and revenue from their Afirma and Decipher businesses. Veracyte also highlighted key business achievements, including the acquisition of C2i Genomics Inc. and an agreement with Illumina. Despite a net loss for Q4 2023, the company remains optimistic about future growth and expects positive cash flow for the third consecutive year.
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Veracyte, Inc. (VCYT) executives to present at Raymond James 45th Annual Institutional Investors Conference. Live webcast scheduled on March 4, 2024, at 9:50 a.m. Eastern Time. Replay available for 90 days.
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Veracyte, Inc. (Nasdaq: VCYT) will release financial results for Q4 and full-year 2023 on February 22, 2024. A conference call and webcast will follow to discuss the results and provide a business update. The webcast replay will be available on the company's website.
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Veracyte, Inc. (VCYT) has completed the acquisition of C2i Genomics, Inc., adding whole-genome minimal residual disease (MRD) capabilities to its diagnostics platform. The acquisition expands the company's ability to serve patients across the cancer care continuum, allowing them to deliver more value to clinicians and patients, beginning with early cancer diagnosis and risk assessment, and moving further along the patient journey into treatment monitoring and disease recurrence testing. Veracyte plans to develop further MRD tests in several of its focused indications. The transaction details include the acquisition of C2i Genomics for $70 million, paid for with 2.7 million Veracyte shares, with an additional $25 million payable based on the achievement of future performance milestones over the next two years.
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Veracyte, Inc. (Nasdaq: VCYT) announces preliminary unaudited financial results for Q4 and full year 2023. Revenue expected to grow by 21%, reaching between $358 million and $359 million. Acquisition of C2i Genomics, Inc. broadens its presence across the cancer care continuum.
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FAQ

What is the current stock price of Veracyte (VCYT)?

The current stock price of Veracyte (VCYT) is $39.18 as of February 21, 2025.

What is the market cap of Veracyte (VCYT)?

The market cap of Veracyte (VCYT) is approximately 3.3B.

What does Veracyte, Inc. specialize in?

Veracyte, Inc. specializes in genomic diagnostics to improve patient care by resolving inconclusive results from traditional diagnostic methods.

What products does Veracyte offer?

Veracyte offers genomic diagnostic products such as Afirma, Percepta, and Envisia, targeting diseases like thyroid cancer, lung cancer, and idiopathic pulmonary fibrosis.

How do Veracyte's tests improve clinical outcomes?

Veracyte's tests provide accurate diagnoses, reducing the need for risky and unnecessary surgeries by resolving ambiguity in traditional diagnostic methods.

What recent achievements has Veracyte accomplished?

Veracyte has consistently introduced evidence that sets new standards in genomic tests, changing today's clinical practice standards.

Who benefits from Veracyte's genomic diagnostic solutions?

Both patients and physicians benefit as Veracyte's tests offer clearer diagnostic paths, improving overall patient care and reducing unnecessary medical procedures.

In which diseases does Veracyte focus its diagnostic solutions?

Veracyte focuses on diseases such as thyroid cancer, lung cancer, and idiopathic pulmonary fibrosis.

What sets Veracyte apart from traditional diagnostic companies?

Veracyte leverages top-tier scientific rigor, advanced tools, and unmatched expertise to deliver unprecedented diagnostic accuracy without unnecessary surgeries.

How does Veracyte impact clinical practice standards?

Veracyte's innovative genomic tests provide evidence that fundamentally alters clinical practice standards, ensuring more accurate and less invasive diagnosis methods.

What is the significance of Veracyte's Afirma analysis?

The Afirma analysis is a key product in Veracyte's portfolio, offering accurate diagnosis for conditions like thyroid cancer, thus avoiding unnecessary surgeries.

Why is Veracyte considered a leader in genomic diagnostics?

Veracyte leads the industry due to its innovative solutions, consistent introduction of new evidence, and significant impact on improving patient care and clinical practices.
Veracyte

Nasdaq:VCYT

VCYT Rankings

VCYT Stock Data

3.29B
76.83M
0.78%
104.5%
3.93%
Diagnostics & Research
Services-medical Laboratories
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United States
SOUTH SAN FRANCISCO