On May 20, Guardant Health rose 10.09% in regular trading, trading at $108.18/share, with trading volume of $146 million. The surge was driven by the U.S. Food and Drug Administration approving the company's Guardant360 Liquid CDx as a companion diagnostic for multiple therapies in non-small cell lung cancer and colorectal cancer.
The newly approved test integrates genomic and epigenomic profiling from a single blood draw and offers higher sensitivity to detect circulating tumor DNA. Notably, the Guardant360 Liquid CDx can assess a 100-times wider genomic footprint than the previously approved Guardant360 CDx, with results delivered within seven days. The approval marks a significant expansion of the company's precision oncology platform and strengthens its competitive position in the liquid biopsy market.
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