NeoGenomics IncNEO
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Launches first FDA-approved IHC companion diagnostic for prostate cancer, driving stock up 3.4%.
NeoGenomics shares rose 3.4% after the company announced the launch of PTEN IHC CDx, the first FDA-approved immunohistochemistry companion diagnostic test for prostate cancer. The test identifies PTEN protein loss in prostate adenocarcinoma patients, helping determine eligibility for AstraZeneca's targeted therapy TRUQAP. The stock later settled at $14.68, up 3.1% from the previous close. NeoGenomics has gained 24.8% year-to-date and hit a new 52-week high.
NeoGenomics IncLaunches first FDA-approved IHC companion diagnostic for prostate cancer, driving stock up 3.4%.
AstraZeneca PLCThe test helps determine eligibility for AstraZeneca's targeted therapy TRUQAP, potentially increasing its use.