Welcome to our dedicated page for Exagen news (Ticker: XGN), a resource for investors and traders seeking the latest updates and insights on Exagen stock.
Exagen Inc. (Nasdaq: XGN) is a leader in autoimmune diagnostics, providing specialized testing solutions through its CLIA-certified laboratory and proprietary AVISE® platform. This page serves as the definitive source for verified news and announcements related to the company’s advancements in rheumatology diagnostics, financial developments, and strategic initiatives.
Investors and healthcare professionals will find timely updates on regulatory milestones, clinical study outcomes, and operational achievements. Our curated collection includes earnings reports, partnership announcements, and insights into biomarker research that drives Exagen’s industry-leading tests for conditions like lupus and rheumatoid arthritis.
All content undergoes rigorous verification to ensure alignment with financial disclosure standards and medical accuracy. Bookmark this page to efficiently track Exagen’s progress in improving diagnostic clarity for autoimmune diseases while staying informed about its role in advancing personalized medicine.
Exagen Inc. (Nasdaq: XGN) announced a study published in ACR Open Rheumatology, assessing the economic benefits of AVISE® Lupus testing for systemic lupus erythematosus (SLE). This is the first evaluation comparing AVISE® Lupus with standard diagnostic tests among 1,000 suspected SLE patients, revealing total direct cost savings of $1,991,152, or approximately $1,991 per patient over four years. Year one savings stood at $655,403. The study underscores the importance of early diagnosis in improving patient outcomes and reducing costs for health plans.
Exagen Inc. (Nasdaq: XGN) has announced a partnership with Provider Network of America (PNOA), providing in-network access to over 8 million members for its AVISE® tests designed for autoimmune diseases like rheumatoid arthritis and lupus. PNOA, with contracts across 526 payers and access to 375,000 physicians, aims to enhance diagnostic accuracy and patient care. The partnership is seen as a major step in Exagen's reimbursement strategy, promoting widespread adoption of AVISE® testing and potentially improving outcomes for patients suffering from autoimmune conditions.
Exagen Inc. (Nasdaq: XGN) has announced a preferred provider network agreement with Provider Network of America (PNOA), allowing over 8 million PNOA members in the U.S. to access Exagen's AVISE® tests for autoimmune disorders like rheumatoid arthritis and lupus. This partnership aims to enhance the timely diagnosis and treatment of these conditions, which often take years to diagnose accurately. The agreement is expected to support Exagen's reimbursement strategy and promote broader adoption of its testing products within the healthcare industry.
Exagen Inc. (Nasdaq: XGN) announced the appointment of Wendy S. Johnson as an independent member to its Board of Directors, effective October 1, 2020. Ms. Johnson, who will also serve on the Audit Committee, brings significant healthcare industry experience, including her role as COO at Reneo Pharmaceuticals. This strategic addition aims to support Exagen's growth strategy and enhance its patient-focused culture, reinforcing its commitment to improving care for patients with autoimmune diseases.
Exagen Inc. (Nasdaq: XGN) has launched the AVISE® Vasculitis AAV testing panel, aimed at improving the diagnosis and monitoring of ANCA-associated vasculitis (AAV). This test enhances Exagen’s AVISE® portfolio, designed to provide rapid results vital for patient care in autoimmune diseases. As stated by CEO Ron Rocca, this initiative aligns with Exagen's commitment to meet high unmet needs in the rheumatology field. The introduction of this new product underscores the company’s strategy to expand its diagnostic offerings and serve rheumatologists more effectively.
Exagen Inc. (Nasdaq: XGN) announced its participation in the Cantor Fitzgerald Virtual Global Healthcare Conference from September 15-17, 2020. Ron Rocca, President and CEO, will speak in a fireside chat on September 15 at 2:40 pm EDT. Investors can access a live webcast of the event through Exagen's investor relations page, with a replay available for 90 days post-event. Exagen focuses on transforming care for patients with autoimmune diseases, offering innovative testing products under the AVISE® brand to enhance differential diagnosis and therapeutic intervention.
Exagen Inc. (Nasdaq: XGN) announced a collaboration with the Hospital for Special Surgery (HSS) in New York City to conduct a proof-of-concept study focusing on antiphospholipid syndrome (APS). This project aims to investigate complement activation markers and other biomarkers in aPL-positive patients. The partnership reflects Exagen's commitment to enhance research and patient care in autoimmune diseases. The study will be led by Dr. Doruk Erkan at HSS, a top-ranked institution in rheumatology. Exagen continues to develop innovative testing products under its AVISE® brand, targeting various autoimmune disorders.
On July 30, 2020, Exagen (Nasdaq: XGN) announced that CEO Ron Rocca will present at the Canaccord Genuity 40th Annual Growth Conference on August 12, 2020, at 2:00 pm EDT. This year's conference will be virtual, and interested individuals can access the webcast through Exagen's investor relations website. Exagen is focused on transforming care for autoimmune disease patients, offering innovative testing products under the AVISE® brand to aid in diagnosis and treatment.
Exagen Inc. (Nasdaq: XGN) reported its financial results for Q2 2020, revealing total revenue of $8.9 million, down from $10.5 million in Q2 2019. Testing revenue experienced a decline to $6.8 million due to COVID-19 impacts. However, gross margin improved to 63%, up from 52% a year earlier, primarily due to increased SIMPONI® revenues. The company recorded a net loss of $3.4 million, widening from a loss of $2.8 million in 2019. Monthly testing volumes saw sequential improvement in May and June 2020, indicating recovery as patient visits resumed.
Exagen Inc. (Nasdaq: XGN) has announced that its AVISE test offerings will be available as a contracted service through TRICARE East, managed by Humana Military. This agreement will make AVISE tests accessible to around 6 million beneficiaries, aiming to enhance the diagnosis and monitoring of autoimmune diseases such as lupus. CEO Ron Rocca emphasized the importance of these tests in supporting rheumatologists to improve patient care.
As Exagen seeks to revolutionize the care for autoimmune disease patients, the company expects to gain greater market acceptance of its innovative testing products.
