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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.
Veracyte (NASDAQ: VCYT) announced the presentation of three abstracts at the Society for Immunotherapy of Cancer's 37th Annual Meeting, showcasing its multi-omics capabilities in immuno-oncology. These abstracts highlight the potential of the Veracyte Biopharma Atlas and Brightplex offerings for enhancing the understanding of tumor microenvironments, aiding biopharma partners in oncology drug development. The meeting will take place from November 8-12, 2022, in Boston, where Veracyte will also host a symposium to discuss its Biopharma Atlas.
Veracyte, Inc (Nasdaq: VCYT) announced that CEO Marc Stapley and CFO Rebecca Chambers will engage in a fireside chat at the Credit Suisse 31st Annual Healthcare Conference on November 8 at 1:25 p.m. ET. A live audio webcast will be accessible on Veracyte's website, with a replay available for 90 days post-event. Veracyte is a global diagnostics company focused on improving patient care through advanced diagnostic tests, helping avoid unnecessary procedures and expedite treatment.
Veracyte (Nasdaq: VCYT) presented new data at the ASTRO Annual Meeting 2022, indicating that a genomic signature from its Decipher GRID database can predict which men benefit from dose-intensified salvage radiotherapy (SRT) after prostate cancer surgery. In a phase 3 trial involving 226 men, those with higher PORTOS scores saw a 45% increase in clinical-progression-free survival (CPFS) at five years with SRT, as opposed to an observed -10% in those with lower scores. This predictive biomarker could aid in personalizing treatment for prostate cancer patients post-surgery.
Veracyte, Inc. (Nasdaq: VCYT) has shared new insights into thyroid tumor behavior derived from their extensive thyroid nodule database. Presenting at the American Thyroid Association Annual Meeting, researchers reviewed over 300 pathology reports, revealing a negative predictive value for low-risk nodules of 95%. The Afirma Genomic Sequencing Classifier (GSC) identified a higher malignancy risk of 15.3% in nodules with TSHR mutations, compared to <1.5% for benign classifications. These findings emphasize the potential for improved personalized treatment decisions.
Veracyte (NASDAQ: VCYT) presented key findings at the CHEST Annual Meeting 2022, demonstrating the clinical value of its Envisia Genomic Classifier and Percepta Nasal Swab tests. The Envisia test identified genomic patterns indicating progressive disease in patients with interstitial lung disease (ILD), showing a significant decline in lung function among positive cases. Meanwhile, initial data for the Percepta Nasal Swab test suggested improved risk stratification for lung cancer in patients with nodules. These innovations aim to enhance patient care and assist physicians in making informed treatment decisions.
Veracyte, Inc. (Nasdaq: VCYT) announced it will release its third quarter 2022 financial results on November 2, 2022, after market close. Management plans to host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the results and provide a business update. The call will be available via webcast on the company's website. Veracyte focuses on improving patient care with advanced diagnostic tests that help avoid unnecessary procedures and reduce treatment time, with operations based in South San Francisco, California.
Veracyte (NASDAQ: VCYT) announced results from the VANDAAM Phase 2 clinical study, published in the Journal of the National Cancer Institute, highlighting the effectiveness of its Decipher Prostate Genomic Classifier. This genomic test may significantly enhance the identification of African American men with localized prostate cancer at risk for more aggressive disease. The study involved a balanced cohort of 226 men, showcasing that African American participants were over twice as likely to have higher Decipher scores compared to non-African American men. This advancement could help in reducing disparities in prostate cancer outcomes.
Veracyte, Inc. (NASDAQ: VCYT) has appointed Dr. John Leite as the new Senior Vice President and General Manager of Pulmonology & Market Access. Dr. Leite will oversee commercial activities for Veracyte’s lung portfolio, including the Percepta Nasal Swab test for lung cancer, prior to its broad commercialization. His extensive experience in the diagnostics industry, particularly in market development and strategy, is expected to significantly impact Veracyte's goals in addressing unmet needs in pulmonology and improving patient care in lung diseases.
Veracyte (NASDAQ: VCYT) announced findings from the Phase 3 STAMPEDE trial indicating that the Decipher Prostate Genomic Classifier is effective in predicting clinical outcomes for men with high-risk prostate cancer. The study found that the test can help determine which patients may benefit from intensified treatment with abiraterone acetate and prednisolone in addition to standard therapies. The company aims to expand the test's availability in the U.S. and internationally as an in vitro diagnostic.
Veracyte (NASDAQ: VCYT) announced findings at the European Respiratory Society International Congress 2022 indicating that the Envisia Genomic Classifier can predict which interstitial lung disease (ILD) patients, including those with idiopathic pulmonary fibrosis (IPF), are likely to decline with combination immunosuppressive therapy. The study, involving 135 patients, revealed that EGC-positive patients showed a lung function decline of 9.4% with the therapy, compared to 1.9% for EGC-negative patients. Veracyte plans to submit the Envisia IVD test for regulatory approval in Europe in 2023.
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