Volitionrx Stock Price, News & Analysis

VolitionRx Limited (NYSE AMERICAN: VNRX) will host a hybrid Capital Markets Day on May 13, 2022, at 10 a.m. Eastern Time. The event, held at Siebert Hall, NYSE, will feature the executive team providing strategic updates and discussing key growth drivers. Topics include veterinary market opportunities, clinical results, and financial metrics. Attendees can register for virtual participation. Presentations will be available on the company’s website, with a replay offered post-event.

VolitionRx Limited (NYSE AMERICAN: VNRX) announced the launch of its Nu.Q® Vet Cancer Test in Asia via distributor SAGE Healthcare on April 25, 2022. Following their appointment in December 2021, SAGE has commenced marketing the test, which aims to facilitate early cancer detection in pets. CEO Dr. Jasmine Kway emphasized the growing pet ownership in Asia, presenting a significant market opportunity for the test. SAGE plans to expand the product's availability to other Asian markets.

VolitionRx Limited (NYSE AMERICAN: VNRX) has appointed Sharon Ballesteros as the U.S. Head of Quality and Development Process, effective April 4, 2022. Ballesteros brings over 20 years of experience from her previous roles at Siemens Health Diagnostics and GRAIL. This move supports Volition's expansion efforts in California, including a new 6,000 ft lab in Carlsbad. The company aims to enhance its regulatory processes to commercialize its Nu.Q® diagnostic products for various diseases. A warrant for 54,000 shares at $3.05 per share was granted to Ballesteros as part of her appointment.

VolitionRx Limited (NYSE AMERICAN: VNRX) provided a business update on March 30, 2022, announcing a global licensing deal with Heska Corporation for the Nu.Q® Vet Cancer Screening Test. This deal includes a $10 million upfront payment and potential milestone payments of up to $18 million. Volition reported a net loss of $27 million for 2021, largely due to non-cash items and increased staffing costs, with cash reserves totaling $20.6 million. The company continues to advance its product development and has a total addressable market estimated at $70 billion.

VolitionRx Limited (NYSE AMERICAN: VNRX) has entered an exclusive global supply and licensing agreement with Heska Corporation (NASDAQ: HSKA) to market its Nu.Q® Vet Cancer Screening Test for companion animals. This deal includes a $10 million upfront payment and up to $18 million for milestone achievements. The test aims to enhance early cancer detection in dogs and cats, targeting a global market estimated at $11 billion. Administrating this test will be facilitated through Heska's proprietary analyzers, making it accessible and affordable for veterinarians.

Heska Corporation (NASDAQ: HSKA) has entered an exclusive global supply and licensing agreement with VolitionRx Limited (NYSE AMERICAN: VNRX) to commercialize the Nu.Q® Vet Cancer Screening Test for companion animals. This test aims to provide veterinarians with the ability to screen pets for cancer at the point of care. With an estimated $11 billion market for canine and feline cancer screening, this innovative solution is expected to greatly enhance early detection and treatment for pets, benefiting both healthcare outcomes and pet owners.

VolitionRx Limited (NYSE AMERICAN: VNRX) announced a conference call scheduled for March 31, 2022, at 08:00 a.m. Eastern time to discuss its full fiscal year 2021 financial and operating results and provide a business update. The call will feature CEO Cameron Reynolds and other executives discussing recent developments and ongoing clinical trials. Investors can access a live audio webcast on the company’s investor relations page. A replay of the call will be available until April 14, 2022.

VolitionRx Limited (NYSE AMERICAN: VNRX) announced the results of two large-scale clinical studies demonstrating that its Nu.Q® assays, in conjunction with the Fecal Immunochemical Test (FIT), can significantly enhance the detection of colorectal cancer and advanced adenomas in symptomatic patients, potentially reducing unnecessary colonoscopies by up to 28%. The studies involved 476 symptomatic and 520 asymptomatic patients, showing improved results over traditional FIT methods. Findings will be presented at ASCO GI 2022, emphasizing the importance of early diagnosis in colorectal cancer management.

VolitionRx Limited (NYSE AMERICAN: VNRX) has appointed SAGE Healthcare Private Limited as a non-exclusive licensee and distributor for its Nu.Q® Vet Cancer Screening Test in Singapore. The test launch is slated for Q1 2022, with plans for further expansion across Asia. Volition aims to establish similar agreements globally to enhance accessibility to the Nu.Q® Test. Ongoing negotiations with multinational veterinary companies are progressing, with potential contracts expected soon.