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NeoGenomics Reports 40% Revenue Growth to $122 Million in the Second Quarter
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NeoGenomics Reports 40% Revenue Growth to $122 Million in the Second Quarter
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NeoGenomics Reports 9% Revenue Growth to $116 Million in the First Quarter
ACCESSWIRE
First-Quarter 2021 Results and Highlights:
Consolidated revenue increased 9% to $116 million
Clinical Services revenue increased 4% to $96 million
Pharma Services revenue increased 46% to $19 million
Completed the acquisition of Trapelo Health in April
FORT MYERS, FL / ACCESSWIRE / May 5, 2021 / NeoGenomics, Inc. (NASDAQ:NEO) (the
Company
), a leading provider of cancer-focused genetics testing services, today announced its first-quarter results for the period ended March 31, 2021.
Mark W. Mallon, the Company s CEO said I couldn t be more excited to be joining NeoGenomics at such a pivotal time in the Company s history. Trends in the business are strong and we are positioned well to take market share as we emerge from the pandemic. Today s announced acquisition of Inivata along with the completion of the acquisition of Trapelo Health in April are significant milestones on our journey t
April 1, 2021
By Bio-IT World Staff
April 1, 2021 | New investment funds for late-stage companies and public health. Next-gen genomic medicines and single-cell multiomics get cash, and PatientsLikeMe raises a new round of funding to expand.
$969M Investment Fund for Early to Late-Stage Companies
Foresite Capital, a multi-stage healthcare and life sciences investment firm, has announced its fifth and largest fundraise with $969 million in capital commitments, significantly oversubscribed above its original target. The offering comprises Foresite Capital Fund V, L.P. and Foresite Capital Opportunity Fund V, L.P. With these new funds, Foresite Capital is investing in emerging healthcare and life sciences companies at all stages that are solving some of the biggest inefficiencies and pain points of the $10 trillion global healthcare market. Foresite Capital now has ~$4 billion in assets under management. Press release.
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