Followers | 1320 |
Posts | 26908 |
Boards Moderated | 6 |
Alias Born | 12/10/2012 |
Thursday, January 12, 2023 10:22:23 AM
Looks like there is something to be made of here.
Now at 0.44
https://www.genedx.com/
Last week we exhibited at #HotTopicsNeo2022, showcasing our research and collaboration efforts, the benefits of #exome sequencing over panel testing, & the clinical utility of #genome sequencing in the #NICU. Learn more about our offerings: https://t.co/73XjqxyLIT pic.twitter.com/Jdt4PhXC5b
— GeneDx (@GeneDx) December 14, 2022
Hmmmmmmmmmmmmmmmmmmm
GO $WGS
**************************************************************************************************
Sema4 Changes Name to GeneDx, Provides Preliminary 2022 Revenues, 2023 Guidance
Jan 09, 2023 | staff reporter
Save for later
Note: This story has been updated to include a proper pro forma comparison between 2022 and 2021 revenues.
NEW YORK – Embattled molecular diagnostics, clinical sequencing, and bioinformatics firm Sema4 said on Monday that it has changed its name to GeneDx. The firm's shares will begin trading Tuesday on the Nasdaq Stock Market under the ticker symbol WGS.
The move follows a turbulent end to 2022, which culminated in the Stamford, Connecticut-based company receiving a notice of noncompliance from the Nasdaq Global Select Market on Dec. 28 after its stock did not rise to the minimum bid price of $1 per share for 30 consecutive trading days. Shares closed Friday at $.245, but were surging when the market opened on Monday.
Sema4 acquired GeneDx in April 2022 from Opko Health for $623 million and has been emphasizing the GeneDx operations for the past several months. The company has announced two restructurings and three rounds of job cuts since the acquisition closed.
In November, Sema4 said that it would exit reproductive health testing by the end of the first quarter of 2023 and close one of its laboratories near its Stamford headquarters. The company instead will lean into the clinico-genomic insights market, a segment with a $30 billion market opportunity that CEO Katherine Stueland said at the time will provide significant growth opportunities.
The renamed company also said Monday that it expects pro forma revenues for 2022 to range between $170 million and $173 million, excluding reproductive health and somatic tumor testing. That is at least 37 percent higher than 2021 pro forma revenues of $123.7 million.
GeneDx, which will report its Q4 and full-year 2022 results in early March, estimated that 2023 revenues will range from $205 million to $220 million as it charts a course to profitability by 2025.
"By combining the best of GeneDx and Sema4 to continue our growth, we sit at the intersection of diagnostics and data science, pairing decades of genomic interpretation expertise with an unmatched ability to analyze clinical data at scale," Stueland said in a statement. "GeneDx now has the capability to combine the power of genomic insights with clinical data to improve healthcare for people and populations."
Recent WGS News
- GeneDx to Participate in Upcoming Investor Conferences • GlobeNewswire Inc. • 05/22/2024 08:05:00 PM
- GeneDx Reports First Quarter 2024 Financial Results and Business Highlights • GlobeNewswire Inc. • 04/29/2024 08:05:00 PM
- GeneDx Announces Partnership with Komodo Health to Expand Access to World’s Largest Rare Disease Dataset • GlobeNewswire Inc. • 04/23/2024 12:30:00 PM
- GeneDx to Report First Quarter 2024 Financial Results on Monday, April 29, 2024 • GlobeNewswire Inc. • 04/04/2024 08:05:00 PM
- GeneDx to Present Data at the 2024 American College of Medical Genetics (ACMG) Annual Meeting Demonstrating Clinical Superiority of its Exome, Paving the Way for the Future of Genomics • GlobeNewswire Inc. • 03/14/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:33:21 PM
- GeneDx to Participate in 44th Annual Cowen Health Care Conference • GlobeNewswire Inc. • 02/26/2024 09:05:02 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/23/2024 09:56:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 09:28:05 PM
- GeneDx Reports Fourth Quarter and Full Year 2023 Financial Results and Issues Guidance for Full Year 2024 • GlobeNewswire Inc. • 02/20/2024 09:26:16 PM
- GeneDx to Report Fourth Quarter 2023 Financial Results on Tuesday, February 20, 2024 • GlobeNewswire Inc. • 02/01/2024 09:30:00 PM
- GeneDx Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) • GlobeNewswire Inc. • 01/24/2024 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:10:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 01:58:39 PM
- GeneDx Announces Preliminary 2023 Financial Results • GlobeNewswire Inc. • 01/08/2024 01:55:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 10:03:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:25:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/20/2023 02:25:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/20/2023 02:24:14 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/12/2023 09:05:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/12/2023 09:04:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/05/2023 09:45:08 PM
- GeneDx Presents New Data at the American Epilepsy Society Annual Meeting Demonstrating That Exome Sequencing Outperforms Multi-Gene Panels for Patients with Epilepsy • GlobeNewswire Inc. • 12/01/2023 01:30:00 PM
- GeneDx to Participate in 6th Annual Evercore ISI HealthCONx Conference • GlobeNewswire Inc. • 11/28/2023 09:05:00 PM
- GeneDx Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) • GlobeNewswire Inc. • 11/20/2023 09:05:00 PM
Green Leaf Innovations, Inc. Engages Olayinka Oyebola & Co for Two-Year Audit • GRLF • May 28, 2024 8:30 AM
HealthLynked Introduces AI-Powered Chat Function to Enhance Healthcare Accessibility • HLYK • May 28, 2024 8:00 AM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM