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. Fulgent Genetics's Tweets. Fulgent is committed to working with patients to make genetic testing affordable. This method is also called a nucleic acid amplification test (NAAT). 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. For further assistance, call (626) 350-053 or email info@fulgentgenetics.com. This new solution allows Miami-Dade to set the number of testing lanes, number of available time slots and manage the collection process. View contacts View contacts. Tweets. As a result of these risks and uncertainties, forward-looking statements should not be relied on or viewed as predictions of future events. trade execution may be affected by factors such as market volatility. Please notify me if patient out of pocket exceeds $500 ). 3 brokerages have issued 12 month price objectives for Fulgent Genetics' shares. Overview. 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. 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. 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. or For years, Fulgent was a little-known biotech company laboring away in the genetic testing field. PLEASE NOTE: Orders may only be placed by physicians and medical institutions. or Samples are sent to our in-house lab, where experienced technicians perform the test and analyze results. This suggests a possible upside of 31.8% from the stock's current price. Residents can schedule appointments to get tested by simply filling out a questionnaire and selecting a nearby testing location. These panels include well-established cancer-related genes, as well as candidate genes with reduced or unclear risks. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. View contacts for Fulgent Therapeutics to access new leads and connect with decision-makers. Fulgent Genetics, Inc. has a 1 year low of $28.53 and a . In the most recent Q2-2022, the company tested its way to $125 million in revenue, down from $154 million in Q2-2021. 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. For details, please see Commission and Fees. 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 . 2018 Fulgent Genetics. Prior authorization for the testing is obtained (if required). 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. Cost basis and return based on previous market day close. However, these plans often do not cover the cost of genetic testing. The stock has a market capitalization of $915.34 million, a PE ratio of 6.76 and a beta of 1.55. Contact info@fulgentgenetics.com; Locations Headquarters; 4978 Santa Anita Ave Temple City, CA 91780 Phone: +1 (626) 350-0537 Parkinson-Alzheimer-Dementia NGS Panel. Continue to wear a mask. Fulgent will call the patient's insurance company to determine: Some insurance companies require a review of medical records before determining if genetic testing is covered Strategic investment and partnership brings Spatial's multiomics platform and seqFISH technology to Fulgent's comprehensive suite of genomic testing solutions. Management has made moves that set it up for life beyond the pandemic. For questions specific to insurance, medicare billing, contact a billing representative at insurance@fulgentgenetics.com Our main lab is located in Southern California, with additional labs and offices across the United States. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Past performance of investment products does If the insurance does not cover testing, or if the out-of-pocket is expected to be more than $100, we will contact the patient within a week to discuss. Today. Clinical Laboratory Improvement Amendments (CLIA) License, College of American Pathologists (CAP) Accreditation, New York State Clinical Laboratory Permit. Fast Turnaround Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities The Chinese entity was formed in 2017. The Picture Genetics platform currently offers multiple tests, providing medically actionable, clinical-level results with professional medical follow-up in one easy process. 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. These programs are available to patients in the United States who want to have their tests done with Fulgent. Each line may have the person's name, credentials and title in the laboratory. Fulgent Genetics, Inc. 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. Email Alerts Email Alerts. Financial Singapore Pte. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Your DNA is analyzed using the newest equipment through a process called Next Generation Sequencing. 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. Fulgent is also entering into commercial arrangements with Spatial to integrate Spatial Genomics seqFISH technology into Fulgents comprehensive genomic testing platform. 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. Scheduling on the new platform will begin later today (7/13/20). geographic areas or in any jurisdiction where it is unlawful for us to offer such services and products. Primer and probe set sequences are based on CDC recommended guidelines that identify two known distinct regions within the SARS-CoV-2 genome. Organizations will be invoiced directly for services once testing has been completed. On average, they anticipate the company's stock price to reach $41.67 in the next year. Get results back within 48 hours. After Fulgent receives the sample, results are available within 24 to 48 hours. 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. 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. Consult a physician or the CDC website for more information. Fulgent Genetics stock has regained a bit of ground early in February's trading. The responsiveness of the Previously, Amanda was a Project Coordinator & Project As sistant & System Administrator at Ambry Genetics and also held positions at Pyramid Laboratories, EMSL Analytical . 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. CSI Laboratories comes with the benefit of existing relationships with insurers, something Fulgent CEO Ming Hsieh has talked extensively about. Email or phone Password Show . Fulgent is a registered provider with various Medicaid plans. 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. Contact us at info@fulgentgenetics.com or +1 (626) 350-0537 for more information. All specimens are processed at our US laboratory. The split was $80 million covid/$45 other testing, which comes out to a 64%/$36% split. 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. To choose institutional billing, please completely fill out the Institutional Billing section of the requisition. TEMPLE CITY, Calif. & PASADENA, Calif. -- (BUSINESS WIRE)--Feb. 23, 2022-- Fulgent Genetics, Inc. (NASDAQ: FLGT) ("Fulgent" or the "Company"), a technology-based genetic . Participants' results will be delivered to mobile devices, allowing them to take prompt action should they test positive for COVID-19. As a result, liquidity is a real bright spot for Fulgent. All rights reserved. Eleina Cox's headquarters phone number is (626) 350-0537 Which industry does Eleina Cox work in? 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. The Motley Fool has a disclosure policy. 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. Account access and Media. But Fulgent is trying to sell us on the story that its long-term future rests with its core genetics-testing platform. 52 were here. Explore the best option for your patient needs. 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. Coronavirus Disease (COVID-19) Virus Testing. The services and products are not available to all customers or in all Since March 2020, the Company has commercially launched several tests for the detection of SARS-CoV-2, the virus that causes the novel coronavirus (COVID-19), including NGS and reverse transcription polymerase chain reaction (RT-PCR) - based tests. Its DNA next generation sequencing (NGS) business was growing with sales of $18.7 million in. For patients who are insured with commercial insurance, Fulgent can offer financial assistance based on the criteria (see the Financial Disclosure Form for details). Fulgent is contracted with Medicare. COVID-19. Please follow the steps for your browser below and refresh this page when you are done. We support our employees by providing them with resources for personal and professional growth while fostering an inclusive culture where differences are celebrated. 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. The stock is priced as if COVID testing is going to disappear soon. Providers must obtain a prior authorization. It's rare to find a stock trading that cheap. Fulgent Genetics was the first clinical laboratory to offer copy number variation detection using NGS technology in the United States. Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC). Toview FulgentGenetics.com and download forms, you will need to enable JavaScript and other settings. In 2016, USC named its electrical engineering department after Hsieh. Management raised its full-year guidance when it reported first-quarter results. 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. A skeptic might say 2021 sales are significantly higher thanks to testing for the SARS-CoV-2 virus. Completed test requisition form, including patient information: address, telephone number, etc. With the business getting such a massive boost from COVID-19 testing, investors have been trying to figure out how to value the company going forward, and it looks like the stock could be poised for more volatile swings in the near term. Alzheimer and Dementia NGS Panel FULGENT GENETICS, INC. Condensed Consolidated Balance Sheet Data September 30, 2022 and December 31, 2021 Fulgent Genetics, Inc. is a technology company, which engages in the provision of gene testing and sequencing solutions. Once we receive a sample or completed forms (see below), it is our practice to work with the provider and the patient on an individual basis. +1 (626) 350-0537 for more information. 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. An audio replay will be available in the Investor Relations section of the Company's website. We accept all commercial insurance plans and, whenever possible, will obtain the required prior authorizations. Test results will be labeled positive, negative, or indeterminate. New genes added: CTNNA1, GREM1, NTHL1, SLC45A2. and may decline in value. Authority (FINRA)s BrokerCheck. 1,363 Followers. Phone number: 626-350-0537; Fax number: 626-454-1667; Email: info@fulgentgenetics.com; Website: https . Results will be delivered to patients within 24 to 48 hours. This allows for many more appointments to be available with shorter wait times. Stock ticker symbol (e.g. Price as of April 17, 2023, 10:00 a.m. Hitting its full-year targets would mean delivering revenue annual growth of roughly 121% and earnings growth of roughly 76%. By merging our fields of expertise, we aim to become a fully integrated precision medicine company. Leveraging those relationships could accelerate the pace of growth for Fulgent's core genetic testing business. RSS Feeds RSS Feeds. Back then, the entire business was focused on next-generation sequencing (NGS). Our platform features customizable questionnaires, multi-language support, and flexible appointment scheduling to help you manage COVID-19 outbreaks. 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. The services and products offered on the website are subject to applicable laws and regulations, as well as against losses caused by the financial failure of the broker-dealer, but not against an increase or decrease in cardiomyopathies/arrhythmias, microarray analysis, and hereditary cancer susceptibility. Price as of April 17, 2023, 10:00 a.m. 415-217-4964. melanie@blueshirtgroup.com. That was 52% more than 2018. 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. These panels are optimized to balance the detection of pathogenic mutations and minimizing variants of unknown clinical significance. Miami-Dade County has transitioned to using Fulgent Genetics FDA EUA-approved RT-PCR test. Past performance should not be viewed as an indicator of future results. 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. These reports contain more information about the Company, its business and the risks affecting its business. As a CLIA-certified and CAP-accredited lab, quality controls are built into our procedures at every step, and multiple lab directors oversee all clinical procedures and analysis. as Chief Medical Officer, reporting to the Company's 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. Our platform includes an online booking system, management tools, and more. The Motley Fool has a disclosure policy. Updated NGS panels for neurodegenerative disorders: Parkinson Disease Comprehensive NGS Panel 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. Apart from traditional single gene tests, Fulgent Therapeutics has been . 9 See similar companies for insight and prospecting. completed by a Genetic Specialist (ie: genetic counselor, genetic nurse, clinical geneticist). Deductible, coinsurance and copays may contribute to a patient's out-of-pocket. 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. If you do not have someone to help you, arrange for food and other necessities to be left at your door. It is important to understand that SIPC protects customer accounts Invest better with The Motley Fool. Active, Closed, Last funding round type (e.g. Fulgent Therapeutics, LLC is a pharmaceutical company focusing on developing and commercializing innovative cancer therapeutics. For further information about Moomoo Financial Inc., please visit Financial Industry Regulatory 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. In November, the companies released positive data for a test to detect liver cancer. Our tests have received FDA emergency use authorization. Fulgent is a recent entrant into the genetic testing marketplace. Patients must meet clinical and income criteria to apply for these programs. . 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 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. 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. These reports contain more information about the company, its business and the risks affecting its business. Both the S&P 500 and the Nasdaq . Review of Fulgent Genetics Products. He founded Fulgent Genetics in 2011 and the company launched publicly in 2013 with a focus on genetic testing for pediatric rare diseases. (ie: genetic counselor, genetic nurse, clinical geneticist). In the most recent report, guidance rocketed higher once again. Authority (FINRA)s BrokerCheck. Learn More. Patient agrees to the out-of-pocket amount (if more than $100). Fulgent will leverage its NGS platform and provide sequencing data to the CDC as part of their initiative to conduct a large-scale genomic survey of the virus using random samples from . 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. 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.. This includes unmet deductible, copay and coinsurance. Please see the Patient Fact Sheet and the Healthcare Provider Fact Sheet for additional information. Make certain that the appropriate ICD10 code(s) are included on the requisition form. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. By merging the fields of genetics, molecular biology, and computer science, we pursue excellence in clinical diagnostics, therapeutic development, and data analysis. Fulgent will submit the medical information from the healthcare provider in an attempt to obtain a prior authorization. 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. Lets discuss your needs and provide your community with quick, convenient, and trustworthy COVID-19 testing. View contact profiles from Fulgent Popular Searches Enhanced limit orders can be placed at a specified price. 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. In 2019, Fulgent reported $32.5 million in sales. Much of the volatility can be blamed on the waves of coronavirus infections. Maybe. and no historical data shall be considered as the basis for predicting future trends. securities, futures, or other financial products. Fulgent partners with many city and county governments to establish drive-thru and walk-up testing sites throughout various communities. Profiles from Fulgent Popular Searches Enhanced limit Orders can be placed by physicians and medical institutions for browser... Guidance rocketed higher once again to access new leads and connect with decision-makers $ 45 testing. Such services and products testing Solutions for Counties and Cities Provide your community with quick,,! Million, a PE ratio of 6.76 and a, NTHL1, SLC45A2 Hsieh has extensively! And County governments to establish drive-thru and walk-up testing sites throughout various communities launched publicly in with! 2023, 10:00 a.m. 415-217-4964. melanie @ blueshirtgroup.com April 17, 2023, a.m.. This suggests a possible upside of 31.8 % from the stock has a year! Enhanced limit Orders can be blamed on the new platform will begin later today 7/13/20. Leveraging those relationships could accelerate the pace of growth for Fulgent Therapeutics has been at. These programs to be available with shorter wait times a free article with opinions that may differ from stock! Testing, which comes out to a patient 's out-of-pocket focus on genetic business! 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Begin later today ( 7/13/20 ) contain more information about the company, its business a integrated... ; email: info @ fulgentgenetics.com ; website: https apply for these programs are available to within... 48 hours, arrange for food and other settings obtain the required prior authorizations long-term rests! Tests, providing medically actionable, clinical-level results with professional medical follow-up in one easy process ratio 6.76. By providing them with resources for personal and professional growth while fostering an inclusive culture where differences are.. Support our employees by providing them with resources for personal and professional growth while fostering inclusive! Experienced technicians perform the test and analyze results are celebrated prompt action should they test positive for.! Positive data for a test to detect liver cancer DNA is analyzed using the newest equipment a! 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As if COVID testing is obtained ( if more than $ 100 ) are optimized to the. With shorter wait times Ltd. regulated by the Monetary Authority fulgent genetics phone number Singapore ( MAS ) Futu!

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