BUZZ-Exact Sciences falls after disappointing colorectal cancer test results

Reuters
08/07
BUZZ-Exact Sciences falls after disappointing colorectal cancer test results

** Exact Sciences EXAS.O falls 10% to $42.20 after blood colorectal cancer $(CRC)$ test did not meet expectations in trial

** Brokerage BTIG calls it a "worst case scenario"

** This also overshadowed a strong beat and raise Q2

** EXAS on Weds inked deal for exclusive rights to Freenome's blood-based screening CRC test, but analysts noted this excluded multi-cancer tests, which disappointed investors

** At least six brokerages cut price targets

** Shares of rival Guardant Health GH.O gain nearly 17%

** Canaccord Genuity says GH's Shield test performance is a touch better than Freenome's test

** EXAS stock down 27% YTD while GH has surged nearly 70%

(Reporting by Sriparna Roy in Bengaluru)

((Sriparna.Roy@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10