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Fly News Breaks for May 15, 2017
EXAS
May 15, 2017 | 14:42 EDT
Craig-Hallum analyst Kevin Ellich notes that Exact Sciences are down following the short report issued by Citron Research. The analyst believes the issues raised in the short report are relatively consistent with the past issues raised on Exact Sciences over the years. While Citron has raised some interesting points, rehashed some of the old short thesis and caused a lot of volatility in the stock, Ellich adds, he would be a buyer on weakness. The analyst reiterates a Buy rating and $35 price target on the shares.
News For EXAS From the Last 2 Days
EXAS
Mar 28, 2024 | 06:09 EDT
Exact Sciences reported on data showing high sensitivity and specificity for the non-endoscopic Oncoguard Esophagus test that is currently in development for the detection of esophageal adenocarcinoma - EAC - and its precursors, including Barrett's esophagus - BE -. Findings from the test's algorithm training and testing were recently published in the Clinical Gastroenterology and Hepatology journal. EAC is the most common form of esophageal cancer in the U.S. The majority of EAC cases are diagnosed in advanced stages. Cross-validation of the three methylated DNA markers panel demonstrated an overall sensitivity of 82% for BE detection at 90% specificity in the training set and 88% sensitivity at 84% specificity in the test set. In both training and test sets, sensitivity was 100% for EAC and BE with high grade dysplasia. The collection method was generally well tolerated by study participants and was conducive to office-based implementation. This test has not been cleared or approved by the FDA or any other national regulatory authority.