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FLGT

Fulgent Genetics

$3.27

0.05 (1.55%)

08:04
01/03/19
01/03
08:04
01/03/19
08:04

Fulgent Genetics, CUIMC partner on expanded carrier screening

Fulgent Genetics and the Precision Genomics Laboratory, or PGL, in collaboration with the Department of Obstetrics and Gynecology, at Columbia University Irving Medical Center, or CUIMC, announced a new partnership to make on site performed, expanded carrier screening available to Columbia patients. This collaboration will leverage both parties' expertise in laboratory management, bioinformatics, clinical genetics and sequencing to deliver an expanded carrier screening test. The PGL is jointly operated by the Institute for Genomic Medicine, or IGM, and the Department of Pathology and Cell Biology and is designed to enhance patient care through genomic diagnostics, research, and education at CUIMC. Carrier screening is a genetic test used to identify whether individuals and carrier couples are at risk for passing genetic disorders to their children. These genetic disorders may result in physical disabilities, cognitive impairment, and other severe health problems in newborn babies. Traditionally, carrier screening tests targeted couples of certain ethnic groups that have historically been at higher risk for specific genetic disorders. This approach has presented difficulties for patients who are multiracial, adopted or are unsure of their ethnic backgrounds. To address this challenge, expanded carrier screening was developed to test for mutations that cause hundreds of different genetic disorders regardless of a patient's ethnicity.

FLGT Fulgent Genetics
$3.27

0.05 (1.55%)

08/07/18
PIPR
08/07/18
NO CHANGE
Target $5.1
PIPR
Neutral
Fulgent Genetics turnaround remains in early days, says Piper Jaffray
Piper Jaffray analyst William Quirk raised his price target for Fulgent Genetics to $5.10 from $4.35 after the company reported a top and bottom line beat in Q2. The analyst continues to believe share downside is limited from here given Fulgent's cash on the balance sheet, but he recognizes the company's turnaround is in the early days. He thinks the stock "deserve a higher multiple" but maintains a Neutral rating on Fulgent Genetics.
03/01/18
PIPR
03/01/18
DOWNGRADE
Target $4.35
PIPR
Neutral
Fulgent Genetics downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst William Quirk downgraded Fulgent Genetics to Neutral and lowered his price target for the shares to $4.35 from $5. After a year of "significant disappointment," visibility is limited into the company's turnaround, Quirk tells investors in a research note. He has diminished confidence in management following the Q4 miss.

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