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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. Management options for updating and canceling appointments, Appointment transfers between multiple sites, Dashboard for reporting and statistics on county-wide testing results, Drive-thru/Walk-up site set-up and management. The responsiveness of the Temple City, CA linktr.ee/FulgentGenetics Joined June 2013. 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 Corporate Relations Get the big picture on a company's affiliates and who they do business with. The forward-looking statements made in this press release speak only as of the date of this press release, and the company assumes no obligation to update publicly any such forward-looking statements to reflect actual results or to changes in expectations, except as otherwise required by law. He founded Fulgent Genetics in 2011 and the company launched publicly in 2013 with a focus on genetic testing for pediatric rare diseases. Gao's prior experience includes service as Laboratory Director of both the DNA Sequencing Core Laboratory and Clinical Molecular Diagnostics . cardiomyopathies/arrhythmias, microarray analysis, and hereditary cancer susceptibility. September 09, 2020 08:00 ET 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. 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. View contacts for Fulgent Therapeutics to access new leads and connect with decision-makers. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Overview. Send Completed TRF and Collected Sample to: Uses reverse transcription polymerase chain reaction (RT-PCR) test to detect viral presence. Test. Price as of April 17, 2023, 10:00 a.m. Providers must obtain a prior authorization. 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. 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. Tweets & replies. Through our diverse testing menu, Fulgent is focused on transforming patient care in oncology, anatomic pathology, infectious and rare diseases, and reproductive health. The Motley Fool owns and recommends Fulgent Genetics, Inc. trade execution may be affected by factors such as market volatility. Inconclusive results will require a new sample for testing. In the most recent Q2-2022, the company tested its way to $125 million in revenue, down from $154 million in Q2-2021. City, California. Fulgent does offer financial assistance and no-interest payment plans. TEMPLE CITY, Calif., Sept. 09, 2020 (GLOBE NEWSWIRE) -- Fulgent Genetics, Inc. (NASDAQ: FLGT) ("Fulgent Genetics" or the "company"), a technology company providing comprehensive testing. Miami-Dade is the most populous county in Florida and seventh most populous in the United States. To learn about our at-home testing option, visit www.PictureGenetics.com/covid19. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. No content on the website shall be considered as a recommendation or solicitation for the purchase or sale of Keith Noonan has no position in any of the stocks mentioned. and may decline in value. All data analysis is performed on private US server centers. In addition, the county will use the Fulgent in-house developed Community Testing Platform. Fulgent Genetics was the first clinical laboratory to offer copy number variation detection using NGS technology in the United States. 415-217-4964. melanie@blueshirtgroup.com. This includes unmet deductible, copay and coinsurance. 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 SARS-CoV-2 primer and probe sets are designed to detect RNA from 2019-nCoV in specimens from patients who meet CDC 2019-nCoV clinical criteria. Find nationwide available RT-PCR appointments near you. Patients must meet clinical and income criteria to apply for these programs. In November, the companies released positive data for a test to detect liver cancer. The Motley Fool has a disclosure policy. 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. nicole@blueshirtgroup.com, Fulgent Genetics Announces Strategic Investment in Spatial Genomics. A clinical note, pedigree, and/or pertinent medical records that document the medical necessity of the genetic testing being ordered. Electronic trading also poses risks to investors. seqFISH is a revolutionary technology designed to enable highly multiplexed and multiomic analyses of cells directly in the tissue microenvironments where they function, allowing researchers to identify novel cell types and cellular interactions, map genomic organization and nuclear architecture, and analyze cell trajectories far more efficiently than existing technologies. 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. For further information about SIPC insurance coverage for accounts with To make the world smarter, happier, and richer. The forward-looking statements made in this press release speak only as of the date of this press release, and the Company assumes no obligation to update publicly any such forward-looking statements to reflect actual results or to changes in expectations, except as otherwise required by law. 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. Making the world smarter, happier, and richer. That's enough to give any analyst whiplash. Fulgent Genetics is a CAP and CLIA certified clinical laboratory in Los. 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. Completed test requisition form, including patient information: address, telephone number, etc. Founded in 2011, Fulgent has evolved into a premier, full-service genomic testing company built around a foundational technology platform. 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. We can verify insurance coverage either before or after a sample is received in the laboratory. Fulgent Therapeutics, LLC is a pharmaceutical company focusing on developing and commercializing innovative cancer therapeutics. Los Angeles County is changing scheduling platforms for COVID-19 testing at its nine operated testing sites. 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 the patient has a Managed Medicaid plan, the provider is required to obtain the prior authorization per the plan requirements. Organizations will be invoiced directly for services once testing has been completed. This suggests a possible upside of 31.8% from the stock's current price. EUA Number: EUA200156 . Spatial Genomics is a biology and life science technology company dedicated to empowering discovery. Get results back within 48 hours. Management has made moves that set it up for life beyond the pandemic. The company's share price is up roughly 1% in the month so far. Much of the volatility can be blamed on the waves of coronavirus infections. 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 . Invest better with The Motley Fool. Entity File Number: 001-37894 : Entity Tax Identification Number . Fulgent offers free specimen collection kits for physicians and genetic counselors within the continental United States. All rights reserved. The Motley Fool has a disclosure policy. Through our diverse testing menu, Fulgent is focused on transforming patient care in oncology, anatomic pathology, infectious and rare diseases, and reproductive health. and submit it to Fulgent Genetics via email or fax. 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. For patients who are insured with commercial insurance, Fulgent can offer financial assistance based on the criteria (see the Financial Disclosure Form for details). Introduction of Fulgent Genetics, including company profile, stock information, contact number, and company business introduction. Founded in 2011, Fulgent is now a full-service genomic testing company built around a foundational technology platform.. 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