Guardant Health rebounds as liquid biopsy test granted Medicare coverage

Aug. 02, 2022 3:52 PM ETGuardant Health, Inc. (GH)By: Dulan Lokuwithana, SA News Editor

Human Cancer Cell

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  • The shares of cancer test maker Guardant Health (NASDAQ:GH) recovered from two consecutive days of losses on Tuesday after the company announced it received Medicare coverage for the Guardant Reveal molecular residual disease (MRD) test.
  • The decision of Palmetto GBA, a Medicare administrative contractor for the Molecular Diagnostics Services program (MolDX), means Guardant Reveal is covered in the U.S. for certain Medicare patients with stage II or III colorectal cancer (CRC).
  • Designed to detect circulating tumor DNA in the blood after surgery, Guardant Reveal can detect residual or recurring disease helping patients to benefit from adjuvant therapy.
  • The test is the first blood-based liquid biopsy test available for patients with CRC for MRD testing.
  • Read: Seeking Alpha contributor BioSci Capital Partners reiterated his Buy rating on Guardant (GH) in July, noting, among others, favorable industry trends for precision medicine diagnostics.

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