Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. is a founder of our genetic testing business, has served as Fulgent LLC's Laboratory Director since February 2012, was appointed as Fulgent LLC's Chief Scientific Officer in January 2016.Dr. No laboratory test is 100% accurate. If you remove the $470 . Test. Patients must meet clinical and income criteria to apply for these programs.
The Motley Fool owns and recommends Fulgent Genetics. Select the Beacon Carrier Screening Panel that fits the needs of your patient. Amplification of both targets will signify a positive result; amplification of one of two targets will signify an indeterminate (inconclusive) result; and no amplification of either target, but amplification of internal control, will signify a negative result. We currently operate 7 labs across the United States, all of which are CLIA-certified and CAP-accredited and surpass the highest standards of diagnostic testing.
Testing will not be released until a reasonable path has been determined for reimbursement. Just swab. 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. However, these plans often do not cover the cost of genetic testing. An audio replay will be available in the Investor Relations section of the Company's website. How does the insurance verification process impact turnaround-time? Our platform includes an online booking system, management tools, and more. 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 we are not under contract with the Medicaid plan or if the test is not covered, we can offer our Medicaid Self Pay price. Tweets. 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? 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. 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, 2020 filed with the SEC on March 8, 2021 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. . 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, at an affordable price point. 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. All data analysis is performed on private US server centers. If you have symptoms (fever, cough, fatigue, etc. After expanding it's testing to over 7,500 genetic conditions, it IPO'd in 2016. And that number could fall off dramatically if the virus, or the desire to test for it, wanes. Fulgent Therapeutics, LLC is a pharmaceutical company focusing on developing and commercializing innovative cancer therapeutics. Past performance should not be viewed as an indicator of future results. Management. Fulgent is a registered provider with various Medicaid plans.
fax the benefits investigation request form to: email us the benefits investigation request form: Copy (front and back) of the patient's healthcare insurance card (or cards if the patient has a secondary healthcare insurance plan). Eleina Cox's headquarters phone number is (626) 350-0537 Which industry does Eleina Cox work in? We accept all commercial insurance plans and, whenever possible, will obtain the required prior authorizations. Much of the volatility can be blamed on the waves of coronavirus infections. Fulgent Genetics 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. * This test has been authorized by the FDA under an Emergency Use Authorization (EUA). This allows for many more appointments to be available with shorter wait times. 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 . 1,563 Following. Miami-Dade joins a long list of counties to use Fulgents Community Testing Platform including, but not limited to Santa Clara County, San Bernardino County, Los Angeles County, City of Long Beach and Orange County. To choose institutional billing, please completely fill out the Institutional Billing section of the requisition. By merging our fields of expertise, we aim to become a fully integrated precision medicine company. 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. 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 In addition, certain insurance providers require a special authorization form to be completed by a genetics specialist if a specific test is being performed. For years, Fulgent was a little-known biotech company laboring away in the genetic testing field. Price as of April 17, 2023, 10:00 a.m. 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. In the most recent Q2-2022, the company tested its way to $125 million in revenue, down from $154 million in Q2-2021. seqFISH is a revolutionary technology designed to enable highly multiplexed and multiomic analyses of cells directly in the tissue microenvironments where they function, allowing researchers to identify novel cell types and cellular interactions, map genomic organization and nuclear architecture, and analyze cell trajectories far more efficiently than existing technologies. Authority (FINRA)s BrokerCheck. The stock has a market capitalization of $915.34 million, a PE ratio of 6.76 and a beta of 1.55. brokerage accounts of U.S. residents that trade U.S. listed securities via mobile devices or Web. Through our diverse testing menu, Fulgent is focused on transforming patient care in oncology, anatomic pathology, infectious and rare diseases, and reproductive health. For further information about SIPC insurance coverage for accounts with Organizations will be invoiced directly for services once testing has been completed. 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. Toview FulgentGenetics.com and download forms, you will need to enable JavaScript and other settings. Los Angeles County is changing scheduling platforms for COVID-19 testing at its nine operated testing sites. If you require a sample collection kit, please contact us at clientservices@fulgentgenetics.com. objective, experience, risk tolerance and financial situation. We offer cash pricing at a discounted rate to make our tests accessible to all patients. Fulgent Therapeutics was issued its CLIA license (CLIA 05D2043189/CLF 00342581). Fulgent will submit the medical information from the healthcare provider in an attempt to obtain a prior authorization. Provide your community with timely, dependable COVID-19 testing. This system also includes heat maps and contact tracing functionality. Since integrating with our therapeutic development business, Fulgent is also developing drug candidates for treating a broad range of cancers using a novel nanoencapsulation and targeted therapy platform. Those holding shares had a wild ride in 2021 if they hung on. Cost basis and return based on previous market day close. Patients with U.S. Federal and/or State funded health plans (i.e. PLEASE NOTE: Orders may only be placed by physicians and medical institutions To learn about our at-home testing option, visit www.PictureGenetics.com/covid19. To make the world smarter, happier, and richer. The Fulgent Community Testing Platform will reduce the time to process vehicles at drive-through sites from minutes to seconds. These risks and uncertainties include, among others: the ongoing impacts of the COVID-19 pandemic, including the preventive public health measures that may continue to impact demand for its tests and the pandemics effects on the global supply chain; the market potential for, and the rate and degree of market adoption of, the companys tests, including its newly-developed tests for COVID-19 and genetic testing generally; the companys ability to capture a sizable share of the developing market for genetic and COVID-19 testing and to compete successfully in these markets, including its ability to continue to develop new tests that are attractive to its various customer markets, its ability to maintain turnaround times and otherwise keep pace with rapidly changing technology; the companys ability to maintain the low internal costs of its business model, particularly as the company makes investments across its business; the companys ability to maintain an acceptable margin on sales of its tests, particularly in light of increasing competitive pressures and other factors that may continue to reduce the companys sale prices for and margins on its tests; risks related to volatility in the companys results, which can fluctuate significantly from period to period; risks associated with the composition of the companys customer base, which can fluctuate from period to period and can be comprised of a small number of customers that account for a significant portion of the companys revenue; the companys ability to grow and diversify its customer base and increase demand from existing and new customers; the companys investments in its infrastructure, including its sales organization and operational capabilities, and the extent to which these investments impact the companys business and performance and enable it to manage any growth it may experience in future periods; the companys level of success in obtaining coverage and adequate reimbursement and collectability levels from third-party payors for its tests; the companys level of success in establishing and obtaining the intended benefits from partnerships, joint ventures or other relationships; the companys compliance with the various evolving and complex laws and regulations applicable to its business and its industry; risks associated with the companys international operations; the companys ability to protect its proprietary technology platform; and general industry, economic, political and market conditions. 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. Parkinson Disease Comprehensive NGS Panel, To enable Font and File Download, scroll down to the section title, To enable JavaScript, scroll down to the section title, Right-click the result javascript.enabled and select. and submit it to Fulgent Genetics via email or fax. Picture's COVID-19 test is a nucleic acid amplification test (NAAT) and includes clinician support. & FINRA fees may apply. 415-217-4964. melanie@blueshirtgroup.com. Combining next generation sequencing (NGS) with its technology platform, the Company performs full-gene sequencing with deletion/duplication analysis in an array of panels that can be tailored to meet specific customer needs. To apply for Financial Assistance, please complete the Financial Disclosure Form 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. Find More Contacts for Fulgent Therapeutics. Updated NGS panels for neurodegenerative disorders: Parkinson Disease Comprehensive NGS Panel
Enhanced limit orders can be placed at a specified price. Fulgent's core business revolves around genetic testing, but the company has enjoyed surging sales and earnings thanks to its success at quickly bringing COVID-19 tests to market. 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. Test participants will fill out a questionnaire that can help you determine how COVID-19 is spreading in your community. 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. 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. Founded in 2011, Fulgent has evolved into a premier, full-service genomic testing company built around a foundational technology platform. No content on the website shall be considered as a recommendation or solicitation for the purchase or sale of Find contact's direct phone number, email address, work history, and more. Making the world smarter, happier, and richer. Beginning in 2016, UHC requires prior authorization for BRCA genetic testing and should be completed by a Genetic Specialist 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. News & Events. View source version on businesswire.com: https://www.businesswire.com/news/home/20220223006209/en/, Fulgent Genetics InvestorsThe Blueshirt GroupNicole Borsje, 415-217-2633 That test is currently in clinical trials both in the U.S. and China. PLEASE NOTE: Orders may only be placed by physicians and medical institutions. To submit the required information, providers can: Fulgent will fax the provider a summary once the process is completed. Shares of Fulgent Genetics ( FLGT 1.30%) sank 36.5% amid turbulent trading for the broader market in January, according to data from S&P Global Market Intelligence. *Average returns of all recommendations since inception. Learn More. Fulgent is contracted with Medicare. If a prior authorization is required, Fulgent will submit the needed documentation (see below for what information needs to be submitted). Gao's prior experience includes service as Laboratory Director of both the DNA Sequencing Core Laboratory and Clinical Molecular Diagnostics . seqFISH enables a highly multiplexed, quantitative, and multiomic analysis of cells and tissues that we believe will be essential to the next era of biological discovery, the continued evolution of precision medicine, drug and biomarker discovery, and the improvement of clinical diagnostics.. It offers genes and panels, known mutat Financial Industry Regulatory Fulgent's Focus and Comprehensive Cancer Panels give the physician the ability to easily select the right test for their patient that is most relevant to their medical care. AAPL, FB, TWTR), Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Descriptive keyword for an Organization (e.g. For further assistance, call (626) 350-053 or email info@fulgentgenetics.com. Results will be delivered to patients within 24 to 48 hours. 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. risk inherent in a fluctuating market. Send Completed TRF and Collected Sample to: Uses reverse transcription polymerase chain reaction (RT-PCR) test to detect viral presence. By merging the fields of genetics, molecular biology, and computer science, we pursue excellence in clinical diagnostics, therapeutic development, and data analysis. That's enough to give any analyst whiplash. Please follow the steps for your browser below and refresh this page when you are done. Site managers have access to their own interface where they can improve efficiency by customizing the number of lanes, managing time slots, and overseeing the collection process. Our solution includes online booking systems & patient follow-up, clinical-grade testing in our lab, and management tools. The option to retest if indeterminate is available. The services and products are not available to all customers or in all Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services.
ET, 1 Green Flag and 1 Red Flag for Fulgent Genetics After Earnings, Why I Bought More of This Under-the-Radar Stock, 2 No-Brainer Stocks to Buy Right Now for Less than $55, This Stock Grew 135% Last Year and Is Down 50% From Its Highs, This News Just Put Fulgent at the Top of My Buy List, The IRS Is Urging Millions of Early Filers to Amend Their Tax Return, 1 Warren Buffett Index Fund Could Turn $100 Per Week into $1 Million, 2 Stocks That Could Join Apple, Microsoft, Amazon, and Alphabet in the $1 Trillion Club, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Fulgent's NGS offers genetic. View Eleina Cox's business profile as Laboratory Genetic Counselor at Fulgent. Store specimens at 2-8C and ship overnight at ambient temperature or on ice pack (preferred). That was 52% more than 2018. Strategic investment and partnership brings Spatials multiomics platform and seqFISH technology to Fulgents comprehensive suite of genomic testing solutions. Find contact's direct phone number, email address, work history, and more. For the full-year period, management expects sales of $930 million, cost of revenue of $115 million, and non-GAAP (adjusted) net income of $16 per share. Invest better with The Motley Fool. Learn More. Fulgent does offer financial assistance and no-interest payment plans. Additional information can be found on the FDA's website. Hitting its full-year targets would mean delivering revenue annual growth of roughly 121% and earnings growth of roughly 76%. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Likes. Printer-friendly Printer-friendly. Fulgent Genetics, Inc. is a technology company, which engages in the provision of gene testing and sequencing solutions. 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. We are incredibly happy to partner with the county in their tremendous efforts to combat this virus, commented Brandon Perthuis, Chief Commercial Officer of Fulgent Genetics. +1 (626) 434-3598 for more information. TEMPLE CITY, Calif., Sept. 09, 2020 (GLOBE NEWSWIRE) -- Fulgent Genetics, Inc. (NASDAQ: FLGT . Free trading refers to $0 commissions for Moomoo Financial Inc. self-directed individual cash or margin investment. International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC) and Futu At. When can the verification of insurance coverage be done? (ie: genetic counselor, genetic nurse, clinical geneticist). Increase the effectiveness of medications while reducing the risk of adverse drug reactions with PGx testing, available clinically through Fulgent, or at-home through Picture Genetics. These reports contain more information about the company, its business and the risks affecting its business. If you have any questions about our billing process or any of Fulgent's programs, please Investment products are not insured by the Federal Deposit Insurance Corporation (FDIC) or guaranteed by a bank, The Company has received Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration (FDA) for the RT-PCR-based tests for the detection of SARS-CoV-2 using upper respiratory specimens (nasal, nasopharyngeal, and oropharyngeal swabs) and for the at-home testing service through Picture Genetics. All data analysis is performed on private US server centers. If Fulgent has a contract with the Medicaid plan, we will submit the required information and attempt to obtain a prior authorization. Fulgent Genetics The firm major products are: A summary of Fulgent Genetics products Genes & Panels. A negative test does not completely rule out an infection. These risks and uncertainties include, among others: risks that the tests, services and technology developed by Spatial will not be effective or achieve commercial success; the ongoing impacts of the COVID-19 pandemic, including the preventive public health measures that may continue to impact demand for its tests and the pandemics effects on the global supply chain; the market potential for, and the rate and degree of market adoption of, the Companys tests, including its newly-developed tests for COVID-19 and genetic testing generally; the Companys ability to capture a sizable share of the developing market for genetic and COVID-19 testing and to compete successfully in these markets, including its ability to continue to develop new tests that are attractive to its various customer markets, its ability to maintain turnaround times and otherwise keep pace with rapidly changing technology; the Companys ability to successfully integrate acquired businesses and assets into its business strategy and to derive value from its investments; the Companys ability to maintain the low internal costs of its business model, particularly as the Company makes investments across its business; the Companys ability to maintain an acceptable margin on sales of its tests, particularly in light of increasing competitive pressures and other factors that may continue to reduce the Companys sale prices for and margins on its tests; risks related to volatility in the Companys results, which can fluctuate significantly from period to period; risks associated with the composition of the Companys customer base, which can fluctuate from period to period and can be comprised of a small number of customers that account for a significant portion of the Companys revenue; the Companys ability to grow and diversify its customer base and increase demand from existing and new customers; the Companys investments in its infrastructure, including its sales organization and operational capabilities, and the extent to which these investments impact the Companys business and performance and enable it to manage any growth it may experience in future periods; the Companys level of success in obtaining coverage and adequate reimbursement and collectability levels from third-party payors for its tests; the Companys level of success in establishing and obtaining the intended benefits from partnerships, joint ventures or other relationships; the Companys compliance with the various evolving and complex laws and regulations applicable to its business and its industry; risks associated with the Companys international operations; the Companys ability to protect its proprietary technology platform; and general industry, economic, political and market conditions. 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