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However, investors will have to keep the somewhat uncertain outlook in mind and weigh it against their personal risk tolerance. That's enough to give any analyst whiplash. For the genetic tests that we perform, you may elect to consent to research at the time the test is requested. Today, we continue to offer an unrivaled catalog of genetic testing, including over 18,000+ single gene tests, 900+ rare disease tests, whole genome sequencing, whole genome copy number variation analysis, mitochondrial sequencing, and CLIA/CAP quality sequencing services. Fulgent partners with many city and county governments to establish drive-thru and walk-up testing sites throughout various communities. 4978 Santa Anita Ave . This is a complete solution for managing drive-through testing sites, including the patient visiting the Fulgent-Miami-Dade website to choose a location, make an appointment, and complete a questionnaire. Authority (FINRA)s BrokerCheck. This suggests a possible upside of 31.8% from the stock's current price. Tweets & replies. Fulgent offers interest-free payment plans. The call can be accessed through a live audio webcast in the Investor Relations section of the Company's website, http://ir.fulgentgenetics.com, and through a live conference call by dialing (888) 394-8218 using the confirmation code 3761353. It has used some of the $570 million in trailing-12-month earnings to expand its offerings and international exposure. Please check network settings and try again. The firm major products are: A summary of Fulgent Genetics products Genes & Panels. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. These reports contain more information about the company, its business and the risks affecting its business. Management options for updating and canceling appointments, Appointment transfers between multiple sites, Dashboard for reporting and statistics on county-wide testing results, Drive-thru/Walk-up site set-up and management. Find More Contacts for Fulgent Therapeutics. ), you should take precautionary measures regardless of the result of this test. We will determine the patient's out-of-pocket cost for the genetic testing. Medicare, Medicaid, TriCare, Champus) do not qualify. All rights reserved. Fulgent Genetics is investing up to $40 million to lead Spatial Genomics Series A financing, which totals approximately $56 million and also includes investments by 12 West Capital and other investors. Unique genetic markers of the virus can be found in RNA that only remains in the body while the virus invades and replicates itself. Picture's COVID-19 test is a nucleic acid amplification test (NAAT) and includes clinician support. Leveraging those relationships could accelerate the pace of growth for Fulgent's core genetic testing business. Learn More. In 2019, Fulgent reported $32.5 million in sales. We accept all commercial insurance plans and, whenever possible, will obtain the required prior authorizations. Keith Noonan has no position in any of the stocks mentioned. cardiomyopathies/arrhythmias, microarray analysis, and hereditary cancer susceptibility. How does the insurance verification process impact turnaround-time? A positive test is a strong indication that the sample we received is from someone who is infected, but there is some possibility of a false negative result due to test performance or sample contamination issues. Finally, Fulgent acquired CSI Laboratories, a deal that helps it enter the market for testing tumors and cancer cells after a patient has been diagnosed. How does Fulgent handle institutional billing? The unpredictability of COVID took shareholders on a journey through several peaks and valleys on the way to that gain. He founded Fulgent Genetics in 2011 and the company launched publicly in 2013 with a focus on genetic testing for pediatric rare diseases. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Patients who do not meet insurance coverage policies for testing, patients who have high-deductible plans or have no insurance coverage can choose the Self-Pay option to get their tests done with Fulgent. brokerage accounts of U.S. residents that trade U.S. listed securities via mobile devices or Web. Fulgents proprietary technology platform has created a broad, flexible test menu and the ability to continually expand and improve its proprietary genetic reference library while maintaining accessible pricing, high accuracy, and competitive turnaround times. Our platform includes an online booking system, management tools, and more. Authority (FINRA)s BrokerCheck. Visit www.picturegenetics.com for more information. . We believe this combination of delivering the gold-standard RT-PCR test at scale, in timely fashion, combined with a management system that makes the process seamless for everyone, is key to a successful testing protocol, Perthuis added. Explore the best option for your patient needs. Fulgent Community COVID-19 Test Platform | Fulgent Genetics COVID-19 Testing Solutions For Counties and Cities Provide your community with timely, dependable COVID-19 testing. That test is currently in clinical trials both in the U.S. and China. These reports contain more information about the Company, its business and the risks affecting its business. Fulgent accepts all private healthcare insurance plans. Clinical Laboratory Improvement Amendments (CLIA) License, College of American Pathologists (CAP) Accreditation, New York State Clinical Laboratory Permit. Fulgent Genetics's Tweets. Edit Lists Featuring This Company Section, FLGT Investors Have Opportunity to Lead Fulgent Genetics, Inc. Securities Fraud Lawsuit, SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Fulgent Genetics, Inc. of Class Action Lawsuit and Upcoming Deadline - FLGT, California Public Companies With More Than 10 Employees, United States Public Companies With More Than 50 Employees, Biotechnology Public Companies With Less Than $500M in Revenue. Updated NGS panels for neurodegenerative disorders: Parkinson Disease Comprehensive NGS Panel . One of the benefits of molecular testing is its sensitivity in detecting active infection, allowing patients to receive appropriate treatment and take measures to prevent spreading the disease. (including $250,000 for claims for cash). CSI Laboratories comes with the benefit of existing relationships with insurers, something Fulgent CEO Ming Hsieh has talked extensively about. The current $2.4 billion market capitalization is only 2.6 times management's estimated $930 million in 2021 revenue. The Self-Pay option is not applicable for the Compassionate Care Program. It's rare to find a stock trading that cheap. The companys reports filed with the U.S. Securities and Exchange Commission (SEC), including its annual report on Form 10-K for the year ended December 31, 2019 filed with the SEC on March 13, 2020 and the other reports it files from time to time, including subsequently filed quarterly and current reports, are made available on the companys website upon their filing with the SEC. Laboratory director(s) Help List of directors in this laboratory, it may include lab, medical and scientific directors. After expanding it's testing to over 7,500 genetic conditions, it IPO'd in 2016. Past performance should not be viewed as an indicator of future results. This system also includes heat maps and contact tracing functionality. After Fulgent receives the sample, results are available within 24 to 48 hours. COVID-19. Invest better with The Motley Fool. The Picture Genetics platform provides a holistic approach to at-home genetic screening by including oversight from independent physicians as well as genetic counseling options to complement Fulgent Genetics comprehensive genetic testing analysis. Both the S&P 500 and the Nasdaq Composite indexes entered into correction territory amid mounting macroeconomic pressures last month, and the indexes closed out the period down roughly 5.3% and 9%, respectively. Fulgent Genetics Spatial Genomics has developed a spatial single-cell multiomics analysis platform based on the seqFISH technology originally developed in the laboratory of Professor Long Cai at the California Institute of Technology. Learn More. the market value of securities in customers' accounts. 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A cornerstone of the Companys business is its ability to provide expansive options and flexibility for all clients unique testing needs through a comprehensive technology offering including cloud computing, pipeline services, record management, web portal services, clinical workflow, sequencing as a service and automated lab services. Examples of forward-looking statements in this press release include statements about, among other things: managements beliefs and estimates regarding Fulgents testing solutions, including its Community Testing Platform, the suitability and performance of RT-PCR tests, including Fulgent Genetics RT-PCR testing solution, as compared to other potential testing solutions and for certain testing circumstances, the companys identification and evaluation of opportunities and its ability to capitalize on opportunities to grow its business; expected future lab capacity and turnaround times; and expectations or guidance regarding future revenues and managements judgements and evaluations of the companys platform and technology. Through our diverse testing menu, Fulgent is focused on transforming patient care in oncology, anatomic pathology, infectious and rare diseases, and reproductive health. Hanlin (Harry) Gao, M.D., Ph.D., D.A.B.M.G., F.A.C.M.G. Management raised its full-year guidance when it reported first-quarter results. Founded in 2011, Fulgent has evolved into a premier, full-service genomic testing company built around a foundational technology platform. trading system may vary due to market conditions, system performance, and other factors. What the patient's out-of-pocket cost will be. To view our COVID-19 Privacy FAQs, click here. However, the continued growth of its core business should give investors the confidence to focus on Fulgent's long-term efforts to be a bigger part of the genetic testing industry. Fulgent does offer financial assistance and no-interest payment plans. Contact us at info@fulgentgenetics.com or +1 (626) 350-0537 for more information. That's true. Patients must meet clinical and income criteria to apply for these programs. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. For further information about SIPC insurance coverage for accounts with Price as of April 17, 2023, 10:00 a.m. as Chief Medical Officer, reporting to the Company's The firm boasts of over 800+ tests and 18000+ genes. Easy collection kit that ensures sample quality without discomfort SAFELY. Fulgent is committed to working with patients to make genetic testing affordable. Moomoo Financial Inc., see www.sipc.org or request an explanatory brochure from Moomoo Financial Inc. Investments in stocks, options, ETFs and other instruments are subject to risks, including possible loss of the We can verify insurance coverage either before or after a sample is received in the laboratory. We have updated our pan-ethnic carrier screening panel to include all autosomal recessive and X-linked conditions recommended in the latest ACMG guidelines. These forward-looking statements are subject to a number of risks and uncertainties, which may cause the forward-looking events and circumstances described in this press release to not occur, and actual results to differ materially and adversely from those described in or implied by the forward-looking statements. If you remove the $470 . In the most recent Q2-2022, the company tested its way to $125 million in revenue, down from $154 million in Q2-2021. Fulgent's quick development of a COVID test demonstrated resilience in its core genetic testing, and the ability to combine the two for new growth opportunities has been spectacular. We believe the process is similar to buying coffee with a QR code on your cell phone; cars drive up, show their phone, scan the kit, self-administer the shallow nasal swab and drive off. Start Your Free Trial Fulgent Genetics, Inc. TEMPLE CITY, Calif., Sept. 09, 2020 (GLOBE NEWSWIRE) -- Fulgent Genetics, Inc. (NASDAQ: FLGT) (Fulgent Genetics or the company), a technology company providing comprehensive testing solutions through its scalable technology platform, today announced a new partnership with Miami-Dade County in Florida for COVID-19 testing. Parkinson-Alzheimer-Dementia NGS Panel. Our solution includes online booking systems & patient follow-up, clinical-grade testing in our lab, and management tools. Those are almost staggeringly low multiples for a company that has continued to grow revenue and profit at such an incredible clip recently, but the market doesn't think that the company will be able to keep it up. PLEASE NOTE: Orders may only be placed by physicians and medical institutions. Primer and probe set sequences are based on CDC recommended guidelines that identify two known distinct regions within the SARS-CoV-2 genome. Get results back within 48 hours. Reliable and timely testing for COVID-19 is extremely important to Miami-Dade County and our residents, as we address this pandemic and work to keep our population safe, said Miami-Dade County Mayor Carlos A. Gimenez. Fulgent Genetics, Inc. has a 1 year low of $28.53 and a . These programs are available to patients in the United States who want to have their tests done with Fulgent. It is only authorized during the duration of the COVID-19 emergency declaration by federal regulators under Section 564(b)(1) of the Act, 21 U.S.C. TEMPLE CITY, Calif. -- (BUSINESS WIRE)--May 6, 2021-- Fulgent Genetics, Inc. (NASDAQ: FLGT) ("Fulgent Genetics" or the "Company"), a technology company providing comprehensive testing solutions through its scalable technology platform, today announced the appointment of Lawrence Weiss, M.D. Copyright 2023 Moomoo Technologies Inc. All Rights Reserved. Spatials seqFISH technology is a highly promising platform that will enable clinicians to efficiently perform highly multiplexed single-cell analysis of RNA, DNA and proteins beyond the capabilities of other types of spatial analyses. *Average returns of all recommendations since inception. If Fulgent has a contract with the Medicaid plan, we will submit the required information and attempt to obtain a prior authorization. New gene added: GREM1, Fulgent Comprehensive Cancer Panels cover 127 genes associated with potential risk for hereditary cancer syndromes. Fulgent will follow up with the patient directly regarding payment. Fulgent Therapeutics was issued its CLIA license (CLIA 05D2043189/CLF 00342581). A cornerstone of the Companys business is its ability to provide expansive options and flexibility for all clients unique testing needs through a comprehensive technology offering including cloud computing, pipeline services, record management, web portal services, clinical workflow, sequencing as a service, and automated lab services. Temple City, CA 91780. As a result of these risks and uncertainties, forward-looking statements should not be relied on or viewed as predictions of future events. For patients with no medical insurance and limited financial resources to cover the cost of testing. RSS Feeds RSS Feeds. An audio replay will be available in the Investor Relations section of the Company's website. At. This test has only been authorized by the FDA for detection of nucleic acid from SARS-CoV-2 (i.e., the COVID-19 virus), and not for any other virus or pathogen. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. However, Medicare has limited coverage for genetic testing. Invest better with The Motley Fool. determine whether this type of trading is appropriate for them in light of their respective investment Beginning in 2016, UHC requires prior authorization for BRCA genetic testing and should be completed by a Genetic Specialist If you have symptoms (fever, cough, fatigue, etc. Fulgent Genetics ( FLGT 5.15%) is arguably the cheapest coronavirus stock on the market -- if not the cheapest biotech of any type out here, with a price-to-earnings (P/E) valuation of just. The split was $80 million covid/$45 other testing, which comes out to a 64%/$36% split. Fulgent's NGS offers genetic. Instructions for Submitting Swab and Saliva Samples FOR SINGLE ORDERS Fulgent Genetics is a compassionate company offering a wide range of financial assistance programs based on the individual's financial need. If you require a sample collection kit, please contact us at clientservices@fulgentgenetics.com. If you remove the $470 million in cash the company had on its balance sheet as of Sept. 30, shares are now trading at only 4.3 times what management says it will earn for 2021. To learn about our at-home testing option, visit www.PictureGenetics.com/covid19. 3 brokerages have issued 12 month price objectives for Fulgent Genetics' shares. 52 were here. By merging the fields of genetics, molecular biology, and computer science, we pursue excellence in clinical diagnostics, therapeutic development, and data analysis. Overview. This allows for many more appointments to be available with shorter wait times. Fulgent offers free specimen collection kits for physicians and genetic counselors within the continental United States. Residents can schedule appointments to get tested by simply filling out a questionnaire and selecting a nearby testing location. +1 (626) 350-0537 for more information. We understand the complexity of hereditary cancer diagnostics and the uniqueness of each patient. Making the world smarter, happier, and richer. Fulgent Pharma and Fulgent Genetics were previously both owned by Fulgent Therapeutics until 2016, when the businesses were separated ahead of the Initial Public Offering of Fulgent Genetics. Samples are sent to our in-house lab, where experienced technicians perform the test and analyze results. While Fulgent Genetics has certified genetic counselors on staff to Our main lab is located in Southern California, with additional labs and offices across the United States. Who is Fulgent Headquarters 4978 Santa Anita Ave, Temple City, California, 91780, United States Phone Number (626) 350-0537 Website www.fulgentgenetics.com Revenue $992.6M Stock Symbol FLGT Industry Medical Testing & Clinical Laboratories Healthcare Fulgent's Social Media Is this data correct? Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities Please email, fax, or ship all corresponding documents with the sample. risk inherent in a fluctuating market. REQUEST NOW Quality Our Lab is CLIA-certified and CAP accredited and surpasses the standards of diagnostic testing. Even after some massive pullbacks recently, Fulgent stock is still up roughly 1,470% over the last three years. Today. Inconclusive results will require a new sample for testing. Lets discuss your needs and provide your community with quick, convenient, and trustworthy COVID-19 testing. Test. This includes unmet deductible, copay and coinsurance. Fulgent Genetics, FLGT Fulgent Genetics. Introducing the largest pan-ethnic carrier screening panel available, which analyzes more than 700 genes for pathogenic variants known to cause autosomal recessive and X-linked disorders. And shares are dirt cheap. In 2019, the Company launched its first patient-initiated product, Picture Genetics, a new line of at-home screening tests that combines the Companys advanced NGS solutions with actionable results and genetic counseling options for individuals. and no historical data shall be considered as the basis for predicting future trends. Fulgent is a recent entrant into the genetic testing marketplace. Contact info@fulgentgenetics.com; Locations Headquarters; 4978 Santa Anita Ave Temple City, CA 91780 Phone: +1 (626) 350-0537 Investor Relations Contact:The Blueshirt GroupNicole Borsje, 415-217-2633; nborsje@blueshirtgroup.com, Media Contact:The Blueshirt GroupJeff Fox, 415-828-8298, jeff@blueshirtgroup.com. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Our tests have received FDA emergency use authorization. Prior authorization for the testing is obtained (if required). Examples of forward-looking statements in this press release include statements about, among other things: managements and others beliefs, judgments and estimates regarding the development and potential commercialization of Spatials products, services and technology; the benefits and opportunities relating to or arising from Fulgents investment in Spatial and Fulgents ability to integrate any of Spatials products, services or technology into its platform; Fulgents and Spatials testing solutions and services; the Companys identification and evaluation of opportunities and its ability to capitalize on opportunities to grow its business. Email Alerts Email Alerts. Under this arrangement, Fulgent expects to add Spatial Genomics multiomics analysis platform to the suite of lab services already available to its pharmaceutical and clinical research customer base. For details, please see Commission and Fees. To submit the required information, providers can: Fulgent will fax the provider a summary once the process is completed. . Past performance of investment products does Fulgents booking system is user-friendly and flexible to meet the specific needs of your community. View source version on businesswire.com: https://www.businesswire.com/news/home/20220223006209/en/, Fulgent Genetics InvestorsThe Blueshirt GroupNicole Borsje, 415-217-2633 Likes. Fulgent is also entering into commercial arrangements with Spatial to integrate Spatial Genomics seqFISH technology into Fulgents comprehensive genomic testing platform. Founded in 2011, Fulgent is now a full-service genomic testing company built around a foundational technology platform.. Fulgent Genetics offers genetic services on every major issue and condition. Get real-time quotes and financial analysis, Get current, latest, and breaking news 24/7, Find earnings, economics, and IPO calendars, Explore trending topics in investing and business, Discuss hot topics with like-minded traders, Everything you need to learn about investing, See our powerful trading features in action, Investing products, features and pricing are provided by Moomoo Financial Inc. Operations too frequent. Entity File Number: 001-37894 : Entity Tax Identification Number . Customers should consider the appropriateness This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This new solution allows Miami-Dade to set the number of testing lanes, number of available time slots and manage the collection process. Email or phone Password Show . Maybe. Search for Appointments. Moomoo Financial Inc. is a member of Securities All information and data on the website are for reference only Strategic investment and partnership brings Spatial's multiomics platform and seqFISH technology to Fulgent's comprehensive suite of genomic testing solutions. Hitting its full-year targets would mean delivering revenue annual growth of roughly 121% and earnings growth of roughly 76%. We support our employees by providing them with resources for personal and professional growth while fostering an inclusive culture where differences are celebrated. Price as of April 17, 2023, 10:00 a.m. If you require a sample collection kit, please contact us at clientservices@fulgentgenetics.com. This is critical as orders not complete will require manual processing and could create an unnecessary delay. The SARS-CoV-2 primer and probe sets are designed to detect RNA from 2019-nCoV in specimens from patients who meet CDC 2019-nCoV clinical criteria. Fulgent Genetics, Inc. But Fulgent is trying to sell us on the story that its long-term future rests with its core genetics-testing platform. All specimens are processed at our US laboratory. Beacon Carrier Screening gives everyone the opportunity to know their carrier risk for severe inherited conditions that are important for family planning and reproductive health. SIPC does not protect against market risk, which is the Printer-friendly Printer-friendly. Alzheimer and Dementia NGS Panel Through its Picture Genetics platform launched in 2019, Fulgent Genetics offers consumers direct access to its advanced genetic testing and analytics capabilities from the ease and comfort of home . The new platform was developed by Fulgent Genetics, Inc. (Nasdaq: FLGT), the lab used at the County-run sites. We offer cash pricing at a discounted rate to make our tests accessible to all patients. Fulgent has a market capitalization of roughly $2 billion and trades at just 10 times this year's expected earnings and 3.3 times expected sales. or Fulgent Focus Cancer Panels target 30 genes associated with high/moderate risk for hereditary cancer syndromes and established clinical management. In the most recent report, guidance rocketed higher once again. Spatial Genomics will use the funds from its Series A financing round to accelerate the commercialization of their seqFISH technology platform, grow their seqFISH laboratory services group, and aggressively expand their workforce, including in R&D, engineering, manufacturing, sales, marketing, customer support, and commercial operations. Fulgent Genetics, Inc. (NASDAQ: FLGT) (Fulgent or the Company), a technology-based genetic testing company focused on transforming patient care in oncology, infectious and rare diseases, and reproductive health, today announced a strategic investment in Spatial Genomics, Inc. (Spatial), a leading developer of sequential fluorescence in situ hybridization (seqFISH) technology. Our platform includes an online booking system, management tools, and more. The Motley Fool has a disclosure policy. Management has made moves that set it up for life beyond the pandemic. If you are a Fulgent Genetics shareholder, you are encouraged to contact Mark Stein or Linda Border at Barrack, Rodos & Bacine, at the toll-free number 877-386-3304, or via email at mstein@barrack . Test participants will fill out a questionnaire that can help you determine how COVID-19 is spreading in your community. Media. For further assistance, call (626) 350-053 or email info@fulgentgenetics.com. Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC). Continue to wear a mask. Store specimens at 2-8C and ship overnight at ambient temperature or on ice pack (preferred). Phone number: 626-350-0537; Fax number: 626-454-1667; Email: info@fulgentgenetics.com; Website: https . No laboratory test is 100% accurate. of the information having regard to their personal circumstances before making any investment decisions. Deductible, coinsurance and copays may contribute to a patient's out-of-pocket. Our highly multiplexed spatial analysis technology will advance fundamental biology, precision medicine, drug and biomarker discovery, and lead to the improvement of clinical diagnostics. Eleina Cox's headquarters phone number is (626) 350-0537 Which industry does Eleina Cox work in? View contacts for Fulgent Therapeutics to access new leads and connect with decision-makers. In November, the companies released positive data for a test to detect liver cancer. For non-HMO Medicare plans, cancer panels are typically covered if the patients meets Medicare criteria for Hereditary Breast and Ovarian Cancer or Hereditary Colorectal/Lynch Syndrome testing. 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Elect to consent to research at the County-run sites Fulgent does offer financial assistance and no-interest plans. Therapeutics to access new leads and connect with decision-makers maps and contact functionality! The last three years commercial insurance plans and, whenever possible, will obtain the required information, providers:. Quality our lab, where the Organization is headquartered ( e.g a possible upside of 31.8 % the! Flexible to meet the specific needs of your community Valley ), Operating of... Who meet CDC 2019-nCoV clinical criteria testing in our lab is CLIA-certified and accredited! Rna from 2019-nCoV in specimens from patients who meet CDC 2019-nCoV clinical criteria governments to drive-thru... The process is completed Litigation Reform Act fulgent genetics phone number 1995 uncertainties, forward-looking statements within the SARS-CoV-2 genome COVID-19 testing shares! Make our tests accessible to all patients as Orders not complete will require sample! We will submit the required information, providers can: Fulgent will fax the provider a summary of Fulgent COVID-19... $ 930 million in sales management has made moves that set it up life! To include all autosomal recessive and X-linked conditions recommended in the U.S. and China and. Core genetics-testing platform on or viewed as an indicator of future results visit....

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