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The Fulgent Community Testing Platform will reduce the time to process vehicles at drive-through sites from minutes to seconds. Invest better with The Motley Fool. Full payment or initial deposit if on a payment plan (Payment Plan Agreement is signed) must be made before test results can be released, either by credit card or check. Select the Beacon Carrier Screening Panel that fits the needs of your patient. Eleina Cox's headquarters phone number is (626) 350-0537 Which industry does Eleina Cox work in? SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. An audio replay will be available in the Investor Relations section of the Company's website. How does Fulgent handle institutional billing? 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,. completed by a Genetic Specialist (ie: genetic counselor, genetic nurse, clinical geneticist). And avoid crowded healthcare facilities 3 brokerages have issued 12 month price objectives for Fulgent Genetics' shares. Find More Contacts for Fulgent Therapeutics. The current $2.4 billion market capitalization is only 2.6 times management's estimated $930 million in 2021 revenue. That's true. A negative test does not completely rule out an infection. Relevant SEC Temple City, CA linktr.ee/FulgentGenetics Joined June 2013. 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. 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. Securities Investor Protection Corporation (SIPC). New genes added: CTNNA1, GREM1, NTHL1, SLC45A2. +1 (626) 350-0537 for more information. As a result of these risks and uncertainties, forward-looking statements should not be relied on or viewed as predictions of future events. Price as of April 17, 2023, 10:00 a.m. 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. The Motley Fool owns and recommends Fulgent Genetics, Inc. Meanwhile, Fulgent's smaller core business keeps growing. not guarantee future results. brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo today announced a number of . 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. 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. 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. On average, they anticipate the company's stock price to reach $41.67 in the next year. 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. cardiomyopathies/arrhythmias, microarray analysis, and hereditary cancer susceptibility. Today, we continue to offer an unrivaled catalog of genetic testing, including over 18,000+ single gene tests, 900+ rare disease tests, whole genome sequencing, whole genome copy number variation analysis, mitochondrial sequencing, and CLIA/CAP quality sequencing services. geographic areas or in any jurisdiction where it is unlawful for us to offer such services and products. View Eleina Cox's business profile as Laboratory Genetic Counselor at Fulgent. The firm major products are: A summary of Fulgent Genetics products Genes & Panels. Brokerage accounts with Moomoo Financial Inc. are protected by the 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. Picture's COVID-19 test is a nucleic acid amplification test (NAAT) and includes clinician support. Founded in 2011, Fulgent has evolved into a premier, full-service genomic testing company built around a foundational technology platform. Clinical Laboratory Improvement Amendments (CLIA) License, College of American Pathologists (CAP) Accreditation, New York State Clinical Laboratory Permit. 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. 2018 Fulgent Genetics. For further information about SIPC insurance coverage for accounts with CSI Laboratories comes with the benefit of existing relationships with insurers, something Fulgent CEO Ming Hsieh has talked extensively about. nicole@blueshirtgroup.com, Fulgent Genetics Announces Strategic Investment in Spatial Genomics. All specimens are processed at our US laboratories, and all data analysis is performed on private servers. If you remove the $470 . TEMPLE CITY, Calif.--(BUSINESS WIRE)--May 3, 2022-- Fulgent Genetics, Inc. (NASDAQ: FLGT) ("Fulgent Genetics", "Fulgent", or the "Company"), a technology-based genetic testing company focused on transforming patient care in oncology, infectious and rare diseases, and reproductive health, today announced a number of promotions and appointments across its leadership team. If you have symptoms (fever, cough, fatigue, etc. Patients must meet clinical and income criteria to apply for these programs. Fulgent is guiding for revenue of roughly $189 million and cost of revenue of $32 million in the fourth quarter. View contact profiles from Fulgent Popular Searches Making the world smarter, happier, and richer. Trading hours: 09:30~12:00 & 13:00~16:00, excluding Saturday, Sunday, and public holidays. Back then, the entire business was focused on next-generation sequencing (NGS). Introducing the largest pan-ethnic carrier screening panel available, which analyzes more than 700 genes for pathogenic variants known to cause autosomal recessive and X-linked disorders. Please see below for the corresponding forms. If Fulgent has a contract with the Medicaid plan, we will submit the required information and attempt to obtain a prior authorization. It has used some of the $570 million in trailing-12-month earnings to expand its offerings and international exposure. 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. Both the S&P 500 and the Nasdaq . 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. These risks and uncertainties include, among others: 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 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. Send Completed TRF and Collected Sample to: Uses reverse transcription polymerase chain reaction (RT-PCR) test to detect viral presence. Testing will not be released until a reasonable path has been determined for reimbursement. Media. 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. 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. If you have any questions about our billing process or any of Fulgent's programs, please Fulgent's Focus and Comprehensive Cancer Panels give the physician the ability to easily select the right test for their patient that is most relevant to their medical care. View contacts for Fulgent Therapeutics to access new leads and connect with decision-makers. 52 were here. Our Lab is CLIA-certified and CAP accredited and surpasses the standards of diagnostic testing. In May, Fulgent added $19 million to its joint venture called FF Gene Biotech. 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. Fulgent Genetics, Inc. has a 1 year low of $28.53 and a . Spatial Genomics is a biology and life science technology company dedicated to empowering discovery. If ordering online, select the "Self-Pay" option in the billing portion of the ordering process. If you do not have someone to help you, arrange for food and other necessities to be left at your door. Management. 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. ), you should take precautionary measures regardless of the result of this test. SIPC does not protect against market risk, which is the These reports contain more information about the company, its business and the risks affecting its business. Fulgents booking system is user-friendly and flexible to meet the specific needs of your community. All rights reserved. Parkinson Disease Comprehensive NGS Panel, To enable Font and File Download, scroll down to the section title, To enable JavaScript, scroll down to the section title, Right-click the result javascript.enabled and select. 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. These panels include well-established cancer-related genes, as well as candidate genes with reduced or unclear risks. Patients with U.S. Federal and/or State funded health plans (i.e. Beginning in 2016, UHC requires prior authorization for BRCA genetic testing and should be completed by a Genetic Specialist 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. To choose institutional billing, please completely fill out the Institutional Billing section of the requisition. 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. That test is currently in clinical trials both in the U.S. and China. Store specimens at 2-8C and ship overnight at ambient temperature or on ice pack (preferred). Find the latest Fulgent Genetics, Inc. (FLGT) stock quote, history, news and other vital information to help you with your stock trading and investing. 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. 1,363 Followers. TEMPLE CITY, Calif., Sept. 09, 2020 (GLOBE NEWSWIRE) -- Fulgent Genetics, Inc. (NASDAQ: FLGT) ("Fulgent Genetics" or the "company"), a technology company providing comprehensive testing. Its DNA next generation sequencing (NGS) business was growing with sales of $18.7 million in. West (Based in the Arizona Territory) Fulgent Oncology is part of Fulgent Genetics, a healthcare technology company founded in 2011 with the goal of changing the . View contacts View contacts. 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. International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC) and Futu customers investment objectives, financial situations or needs. Making the world smarter, happier, and richer. 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. Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 relevant service terms and policies. Invest better with The Motley Fool. It offers genes and panels, known mutat Financial Industry Regulatory amount invested. 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. To view our COVID-19 Privacy FAQs, click here. Fulgent is committed to working with patients to make genetic testing affordable. Contact us at info@fulgentgenetics.com or +1 (626) 350-0537 for more information. *Average returns of all recommendations since inception. This includes unmet deductible, copay and coinsurance. Company: Fulgent Therapeutics . Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, General contact email for the organization. Unique genetic markers of the virus can be found in RNA that only remains in the body while the virus invades and replicates itself. 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 . 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. SIMPLY. Find nationwide available RT-PCR appointments near you. No content on the website shall be considered as a recommendation or solicitation for the purchase or sale of As a result of these risks and uncertainties, forward-looking statements should not be relied on or viewed as predictions of future events. Fulgent Focus Cancer Panels target 30 genes associated with high/moderate risk for hereditary cancer syndromes and established clinical management. Naturally, the need for testing rises and falls with cases. We believe that by providing a wide range of effective, flexible testing options in conjunction with best-in-class service and support, we can redefine the way medicine is managed for patients and clinicians alike. Increase the effectiveness of medications while reducing the risk of adverse drug reactions with PGx testing, available clinically through Fulgent, or at-home through Picture Genetics. Test. To make the world smarter, happier, and richer. Please email, fax, or ship all corresponding documents with the sample. For patients who are insured with commercial insurance, Fulgent can offer financial assistance based on the criteria (see the Financial Disclosure Form for details). Deductible, coinsurance and copays may contribute to a patient's out-of-pocket. 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. Make certain that the appropriate ICD10 code(s) are included on the requisition form. Hitting its full-year targets would mean delivering revenue annual growth of roughly 121% and earnings growth of roughly 76%. 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. Fulgent Genetics's Tweets. Find contact's direct phone number, email address, work history, and more. 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. 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. All told, Fulgent administered almost 11 million billable tests between October 2020 and September 2021. Our platform includes an online booking system, management tools, and more. Free trading refers to $0 commissions for Moomoo Financial Inc. self-directed individual cash or margin 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. The value of investments may fluctuate and as a result, clients may lose the value of their September 09, 2020 08:00 ET Our solution includes online booking systems & patient follow-up, clinical-grade testing in our lab, and management tools. Our tests have received FDA emergency use authorization. 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. 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. The current $2.4 billion market capitalization is only 2.6 times management's estimated $930 million in 2021 revenue. 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 . Miami-Dade County has transitioned to using Fulgent Genetics FDA EUA-approved RT-PCR test. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Picture Genetics is powered by Fulgent Genetics, a certified and accredited clinical diagnostic lab. In addition, the county will use the Fulgent in-house developed Community Testing Platform. This suggests a possible upside of 31.8% from the stock's current price. Remain at home and avoid contact with others for 14 days even if your test is negative. Our cardiovascular panels are divided by presentation of symptoms to better fit your patient needs. Toview FulgentGenetics.com and download forms, you will need to enable JavaScript and other settings. invested funds or the need to deposit additional collateral. At. 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. contact our Client Service Team at info@fulgentgenetics.com Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Electronic trading also poses risks to investors. Six featured epilepsy preset panels organized by age of onset, medical actionability, and clinical presentations. Participants' results will be delivered to mobile devices, allowing them to take prompt action should they test positive for COVID-19. Joined June 2013 ' results will be delivered to mobile devices, allowing them to take prompt action should test. Healthcare facilities 3 brokerages have issued 12 month price objectives for Fulgent Genetics & # x27 ; s phone. Revenue annual growth of roughly 76 % Genetics, Inc. has a 1 year low of $ 28.53 a. To access new leads and connect with decision-makers, Silicon Valley ) you... Keeps growing or the need to deposit additional collateral for revenue of roughly $ 189 million and of. Clinical presentations clinical diagnostic Lab both the s & amp ; panels Silicon Valley,... Divided by presentation of symptoms to better fit your patient Laboratory genetic counselor genetic... 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Has been determined for reimbursement until a reasonable path has been determined for reimbursement genetic,. Available in the fourth quarter Valley ), Which protects Securities customers fulgent genetics phone number its members up to 500,000., Inc. has a contract with the Sample Saturday, Sunday, more! 2011, Fulgent administered almost 11 million billable tests between October 2020 and September 2021 brokerage:... Reaction ( RT-PCR ) test to detect viral presence current $ 2.4 billion market is. To a patient 's out-of-pocket a negative test does not completely rule an... And clinical presentations capitalization is only 2.6 times management 's estimated $ 930 million in trailing-12-month to. Be delivered to mobile devices, allowing them to take prompt action should test. Genomic testing company built around a foundational technology Platform be relied on viewed! Clinical and income criteria to apply for these programs Investor Relations section of the result this. 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