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.. 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. . Clinical Molecular Genetics test for Hereditary disease and using Deletion/duplication analysis, Next-Generation (NGS)/Massively parallel sequencing (MPS) offered by Fulgent Genetics. Learn More. Even if the company's COVID-testing business declines significantly, the company's core genetic-testing business has been growing at a rapid clip and could power the stock to more big gains over the long term. The Picture Genetics platform currently offers multiple tests, providing medically actionable, clinical-level results with professional medical follow-up in one easy process. The unpredictability of COVID took shareholders on a journey through several peaks and valleys on the way to that gain. 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. 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 . How are Fulgent panels priced for institutions? 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. All information and data on the website are for reference only Customers should consider the appropriateness Our platform includes an online booking system, management tools, and more. Find nationwide available RT-PCR appointments near you. Both the S&P 500 and the Nasdaq Composite indexes entered into correction territory amid mounting macroeconomic pressures last month, and the indexes closed out the period down roughly 5.3% and 9%, respectively. Temple City, CA 91780. Participants' results will be delivered to mobile devices, allowing them to take prompt action should they test positive for COVID-19. 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. That core segment posted revenue of $36.5 million in 2020 and will produce an estimated $115 million in 2021. If you do not have someone to help you, arrange for food and other necessities to be left at your door. against losses caused by the financial failure of the broker-dealer, but not against an increase or decrease in Through our diverse testing menu, Fulgent is focused. Find More Contacts for Fulgent Therapeutics. How long a person needs to be infected before testing positive, and whether an infected person can be identified by the test before displaying symptoms, are currently unknown. Fulgents reporting solution will then deliver reports directly to patients mobile phones. (i.e. 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. Electronic trading also poses risks to investors. After expanding it's testing to over 7,500 genetic conditions, it IPO'd in 2016. 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. We understand the complexity of hereditary cancer diagnostics and the uniqueness of each patient. 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). Phone number: 626-350-0537; Fax number: 626-454-1667; Email: [email protected]; Website: https . COVID-19. If you have symptoms (fever, cough, fatigue, etc. By merging our fields of expertise, we aim to become a fully integrated precision medicine company. All specimens are processed at our US laboratories, and all data analysis is performed on private servers. 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. 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 Molecular testing is capable of detecting active COVID-19 infections in the human body. That's enough to give any analyst whiplash. Copyright 2023 Moomoo Technologies Inc. All Rights Reserved. This is critical as orders not complete will require manual processing and could create an unnecessary delay. Please check network settings and try again. To locate a genetic counselor in your area, please visit www.nsgc.org. Founded in 2011, Fulgent has evolved into a premier, full-service genomic testing company built around a foundational technology platform. Fulgent's NGS offers genetic. 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. 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. Search for Appointments. of the information having regard to their personal circumstances before making any investment decisions. Miami-Dade is the most populous county in Florida and seventh most populous in the United States. Our tests have received FDA emergency use authorization. Organizations will be invoiced directly for services once testing has been completed. Tweets & replies. 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,. However, investors will have to keep the somewhat uncertain outlook in mind and weigh it against their personal risk tolerance. 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. Margin trading involves interest charges and heightened risks, including the potential to lose more than 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. Entity File Number: 001-37894 : Entity Tax Identification Number . The following form should be +1 (626) 434-3598 for more information. 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. Fulgent is a rapidly growing technology company with an initial focus on offering comprehensive genetic testing to provide physicians with clinically actionable diagnostic information they can use to improve the overall quality of patient care. 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. 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. All types of investments are risky and investors may suffer losses. For further assistance, call (626) 350-053 or email [email protected]. All specimens are processed at our US laboratory. It has used some of the $570 million in trailing-12-month earnings to expand its offerings and international exposure. or Start Your Free Trial Fulgent is a registered provider with various Medicaid plans. Miami-Dade County has transitioned to using Fulgent Genetics FDA EUA-approved RT-PCR test. If you remove the $470 . Visit www.picturegenetics.com for more information. The current $2.4 billion market capitalization is only 2.6 times management's estimated $930 million in 2021 revenue. Send Completed TRF and Collected Sample to: Uses reverse transcription polymerase chain reaction (RT-PCR) test to detect viral presence. 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. and may decline in value. Founded in 2011, Fulgent is now a full-service genomic testing company built around a foundational technology platform.. 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 . Invest better with The Motley Fool. cardiomyopathies/arrhythmias, microarray analysis, and hereditary cancer susceptibility. Explore the best option for your patient needs. 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. 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