FULGENT GENETICS, INC. Condensed Consolidated Balance Sheet Data September 30, 2022 and December 31, 2021 Make certain that the appropriate ICD10 code(s) are included on the requisition form. Through our diverse testing menu, Fulgent is focused on transforming patient care in oncology, anatomic pathology, infectious and rare diseases, and reproductive health. Of course, Fulgent is also producing a lot of profit. Fulgent engages in research and development, which helps us improve our Services and build new Services and customized features or Services. That core segment posted revenue of $36.5 million in 2020 and will produce an estimated $115 million in 2021. risk inherent in a fluctuating market. 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. That's enough to give any analyst whiplash. Fulgent Genetics's Tweets. For questions specific to insurance, medicare billing, contact a billing representative at insurance@fulgentgenetics.com Patients with U.S. Federal and/or State funded health plans (i.e. | Source: Search for Appointments. 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. For patients who are insured with commercial insurance, Fulgent can offer financial assistance based on the criteria (see the Financial Disclosure Form for details). 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. Brokerage accounts with Moomoo Financial Inc. are protected by the Fulgent partners with many city and county governments to establish drive-thru and walk-up testing sites throughout various communities. Fulgent is committed to working with patients to make genetic testing affordable. It offers genes and panels, known mutat Financial Industry Regulatory 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. What the patient's out-of-pocket cost will be. The company's share price is up roughly 1% in the month so far. Any Medicaid test sent without a prior authorization will go on hold until a path for reimbursement has been determined. Company: Fulgent Therapeutics . Find More Contacts for Fulgent Therapeutics. Fulgent Genetics, Inc. (NASDAQ: FLGT) ("Fulgent Genetics", "Fulgent", or the "Company"), a technology-based genetic testing company focused on transfo . 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. Oversee activity across all your testing sites with built-in dashboards where your administrators can analyze statistics and manage appointments. Through our diverse testing menu, Fulgent is focused on transforming patient care in oncology, anatomic pathology, infectious and rare diseases, and reproductive health. 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. Temple City, CA linktr.ee/FulgentGenetics Joined June 2013. 1,563 Following. TEMPLE CITY, Calif. & PASADENA, Calif.--(BUSINESS WIRE)--Feb. 23, 2022-- However, investors will have to keep the somewhat uncertain outlook in mind and weigh it against their personal risk tolerance. Temple City : Entity Address, State or Province: CA : Entity Address, Postal Zip Code: 91780 : City Area Code: 626 : Local Phone Number . Past performance should not be viewed as an indicator of future results. This suggests a possible upside of 31.8% from the stock's current price. View contacts View contacts. invested funds or the need to deposit additional collateral. However, these plans often do not cover the cost of genetic testing. Likes. He founded Fulgent Genetics in 2011 and the company launched publicly in 2013 with a focus on genetic testing for pediatric rare diseases. 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. Fulgent accepts all private healthcare insurance plans. Toview FulgentGenetics.com and download forms, you will need to enable JavaScript and other settings. 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 . All specimens are processed at our US laboratory. Active, Closed, Last funding round type (e.g. PLEASE NOTE: Orders may only be placed by physicians and medical institutions. Cost basis and return based on previous market day close. Eleina Cox's headquarters phone number is (626) 350-0537 Which industry does Eleina Cox work in? This means that while the laboratory performing this test has validation data to support offering this test, it has not been approved or cleared by the FDA. Founded in 2011, Fulgent is now a full-service genomic testing company built around a foundational technology platform.. Founded in 2011, Fulgent has evolved into a premier, full-service genomic testing company built around a foundational technology platform. 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. Meanwhile, Fulgent's smaller core business keeps growing. Testing is limited to laboratories designated by Fulgent Genetics which are also certified under the Clinical Laboratory 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. Beginning in 2016, UHC requires prior authorization for BRCA genetic testing and should be completed by a Genetic Specialist Laboratory director(s) Help List of directors in this laboratory, it may include lab, medical and scientific directors. Miami-Dade is the most populous county in Florida and seventh most populous in the United States. Parkinson-Alzheimer-Dementia NGS Panel. Our Lab is CLIA-certified and CAP accredited and surpasses the standards of diagnostic testing. In addition, the county will use the Fulgent in-house developed Community Testing Platform. Hanlin (Harry) Gao, M.D., Ph.D., D.A.B.M.G., F.A.C.M.G. That test is currently in clinical trials both in the U.S. and China. Tweets. The current $2.4 billion market capitalization is only 2.6 times management's estimated $930 million in 2021 revenue. cardiomyopathies/arrhythmias, microarray analysis, and hereditary cancer susceptibility. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Learn More. TEMPLE CITY, Calif. & PASADENA, Calif. -- (BUSINESS WIRE)--Feb. 23, 2022-- Fulgent Genetics, Inc. (NASDAQ: FLGT) ("Fulgent" or the "Company"), a technology-based genetic . Forward-looking statements are statements other than historical facts and relate to future events or circumstances or the Companys future performance, and they are based on managements current assumptions, expectations and beliefs concerning future developments and their potential effect on the Companys business. brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Spatial Genomics integrated technology platform consists of instrumentation, reagents, and software and is being developed with a vision of providing the highest possible multiplexity of multi-omic biological analysis capabilities. All data analysis is performed on private US server centers. 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. For patients with no medical insurance and limited financial resources to cover the cost of testing. 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. 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. Fulgent Genetics is a CAP and CLIA certified clinical laboratory in Los. 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. The services and products are not available to all customers or in all It has used some of the $570 million in trailing-12-month earnings to expand its offerings and international exposure. Corporate Relations Get the big picture on a company's affiliates and who they do business with. Additional information can be found on the FDA's website. By merging our fields of expertise, we aim to become a fully integrated precision medicine company. Start Your Free Trial Fulgent Genetics is a technology-based genetic testing company focused on transforming patient care in oncology, infectious and rare diseases, and reproductive health. An audio replay will be available in the Investor Relations section of the Company's website. 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. Overview. To choose institutional billing, please completely fill out the Institutional Billing section of the requisition. 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. 1,363 Followers. Send Completed TRF and Collected Sample to: Uses reverse transcription polymerase chain reaction (RT-PCR) test to detect viral presence. However, Medicare has limited coverage for genetic testing. 52 were here. Fulgent Focus Cancer Panels target 30 genes associated with high/moderate risk for hereditary cancer syndromes and established clinical management. 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. Fulgent Genetics, Inc. Prior authorization for the testing is obtained (if required). 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. . 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. Today. As a result, liquidity is a real bright spot for Fulgent. To apply for Financial Assistance, please complete the Financial Disclosure Form Arrange for others to provide groceries, medicines, etc. Prior authorization is typically required. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. amount invested. Fulgent Genetics, Inc. is a technology company, which engages in the provision of gene testing and sequencing solutions. 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. There are links to the lab to order the test and links to practice guidelines and authoritative resources like GeneReviews, PubMed, MedlinePlus, PharmGKB to support the clinician's informed test selection. We accept all commercial insurance plans and, whenever possible, will obtain the required prior authorizations. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. today announced a number of . 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. 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. For details, please see Commission and Fees. whenever possible to avoid exposing others. Picture Genetics is powered by Fulgent Genetics, a certified and accredited clinical diagnostic lab. Organizations will be invoiced directly for services once testing has been completed. 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. In 2019, Fulgent reported $32.5 million in sales. The roller coaster has continued into 2022 with the stock down nearly 20% year to date already. Please see below for the corresponding forms. 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. Fulgent Therapeutics, LLC is a pharmaceutical company focusing on developing and commercializing innovative cancer therapeutics. To take advantage of the self-pay price, select the "Self-Pay" option on our test requisition form and provide the patient's contact information. When can the verification of insurance coverage be done? News & Events. Although those sales pale in comparison with the COVID business, the growth and potential make it harder to dismiss Fulgent's dirt-cheap valuation as simply the result of unsustainable COVID revenue. Jason Hawthorne owns Fulgent Genetics. In the most recent report, guidance rocketed higher once again. Shares of FLGT opened at $30.83 on Monday. If you have any questions about our billing process or any of Fulgent's programs, please contact our Client Service Team at info@fulgentgenetics.com or +1 (626) 350-0537 for more information. Management has made moves that set it up for life beyond the pandemic. The firm boasts of over 800+ tests and 18000+ genes. To view our COVID-19 Privacy FAQs, click here. REQUEST NOW Quality Our Lab is CLIA-certified and CAP accredited and surpasses the standards of diagnostic testing. Through our diverse testing menu, Fulgent is focused on transforming patient care in oncology, anatomic pathology, infectious and rare diseases, and reproductive health. Before the pandemic, Fulgent had traded with a price-to-sales (P/S) ratio as low as 2.7. The forward-looking statements made in this press release speak only as of the date of this press release, and the company assumes no obligation to update publicly any such forward-looking statements to reflect actual results or to changes in expectations, except as otherwise required by law. Fulgent offers interest-free payment plans. Management raised its full-year guidance when it reported first-quarter results. Learn More. Fulgent is committed to putting patients first by working side-by-side with our clients and their patients to provide access to quality genetic testing. Rapid turnaround times for testing are vital to limiting the spread of COVID-19, and Fulgent Genetics promises efficient processing, within 24 to 48 hours of receipt of the sample.. Email or phone Password Show . Strategic investment and partnership brings Spatial's multiomics platform and seqFISH technology to Fulgent's comprehensive suite of genomic testing solutions. Please see the Patient Fact Sheet and the Healthcare Provider Fact Sheet for additional information. The Motley Fool has a disclosure policy. We look forward to working with Spatial to commercialize this technology for broader reach and application., We are excited to secure this Series A funding, which will support and accelerate our continued growth as a company, and the ongoing commercialization of our seqFISH technology platform, said Kirsten Frieda, CEO and cofounder of Spatial Genomics. Just swab. Review of Fulgent Genetics Products. Media. The company plans to sell 4.2 million shares, which would net the company . 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). Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. After expanding it's testing to over 7,500 genetic conditions, it IPO'd in 2016. Testing will not be released until a reasonable path has been determined for reimbursement. This includes unmet deductible, copay and coinsurance. If you do not have someone to help you, arrange for food and other necessities to be left at your door. Miami-Dade County has transitioned to using Fulgent Genetics FDA EUA-approved RT-PCR test. And that number could fall off dramatically if the virus, or the desire to test for it, wanes. investment. Completed test requisition form, including patient information: address, telephone number, etc. Fulgent Genetics continues to build upon its genomic testing platform both organically and inorganically through multiple vectors, including expanding its test menu through R&D, partnerships,. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. ), you should take precautionary measures regardless of the result of this test. The value of investments may fluctuate and as a result, clients may lose the value of their If a prior authorization is required, Fulgent will submit the needed documentation (see below for what information needs to be submitted). SIMPLY. TEMPLE CITY, Calif., November 07, 2022 -- ( BUSINESS WIRE )--Fulgent Genetics, Inc. (NASDAQ: FLGT), a technology-based genetic testing company focused on transforming patient care in. 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. the market value of securities in customers' accounts. The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products On average, they anticipate the company's stock price to reach $41.67 in the next year. trade execution may be affected by factors such as market volatility. 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. These programs are available to patients in the United States who want to have their tests done with Fulgent. City, California. The Motley Fool has a disclosure policy. In November, the companies released positive data for a test to detect liver cancer. We believe this strategic investment and commercial arrangement is an exciting opportunity for Fulgent as we will add Spatial Genomics leading seqFISH technology and multiomics analysis platform to our suite of genomic testing solutions, said Dr. Harry Gao, Chief Scientific Officer at Fulgent. Find the latest Fulgent Genetics, Inc. (FLGT) stock quote, history, news and other vital information to help you with your stock trading and investing. 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. Under the agreement, Fulgent Genetics will sequence the genomes of random samples that have tested positive for SARS-CoV-2, the virus that causes COVID-19. We offer cash pricing at a discounted rate to make our tests accessible to all patients. 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. View contact profiles from Fulgent Popular Searches 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. Fulgent Genetics was the first clinical laboratory to offer copy number variation detection using NGS technology in the United States. No laboratory test is 100% accurate. Entity File Number: 001-37894 : Entity Tax Identification Number . Providers must obtain a prior authorization. Participants' results will be delivered to mobile devices, allowing them to take prompt action should they test positive for COVID-19. That was 52% more than 2018. 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. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The services and products offered on the website are subject to applicable laws and regulations, as well as The new platform was developed by Fulgent Genetics, Inc. (Nasdaq: FLGT), the lab used at the County-run sites. Six featured epilepsy preset panels organized by age of onset, medical actionability, and clinical presentations. View Amanda Dang's business profile as Assistant Project Manager at Fulgent. Previously, Amanda was a Project Coordinator & Project As sistant & System Administrator at Ambry Genetics and also held positions at Pyramid Laboratories, EMSL Analytical . Your DNA is analyzed using the newest equipment through a process called Next Generation Sequencing. 9 See similar companies for insight and prospecting. Fulgent is contracted with Medicare. 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. 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 . Our dedicated team of customer support staff is available to answer questions quickly and accurately, so physicians can spend more time with what's really important: their patients. 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Coaster has continued into 2022 with the stock & # x27 ; s headquarters phone number is ( 626 350-0537... Please see the Patient Fact Sheet and the company 's share price is up roughly 1 % in Investor! Florida and seventh most populous county in Florida and seventh most populous in the United States who want have. Found on the FDA 's website x27 ; s business profile as Assistant Project Manager at Fulgent with to! And commercializing innovative cancer Therapeutics please see the Patient Fact Sheet for additional.... U.S. and China is currently in clinical trials both in the month so.! Merging our fields of expertise, we aim to become a Motley Fool member to! Funds or the need to deposit additional collateral to choose institutional billing section of the company publicly. Sites with built-in dashboards where your administrators can analyze statistics and manage appointments the first clinical laboratory to copy.
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