Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 To choose institutional billing, please completely fill out the Institutional Billing section of the requisition. 9 See similar companies for insight and prospecting. The services and products offered on the website are subject to applicable laws and regulations, as well as Customers should consider the appropriateness 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Under the agreement, Fulgent Genetics will sequence the genomes of random samples that have tested positive for SARS-CoV-2, the virus that causes COVID-19. Molecular testing is capable of detecting active COVID-19 infections in the human body. Please check network settings and try again. Miami-Dade joins a long list of counties to use Fulgents Community Testing Platform including, but not limited to Santa Clara County, San Bernardino County, Los Angeles County, City of Long Beach and Orange County. 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. Meanwhile, Fulgent's smaller core business keeps growing. Our platform features customizable questionnaires, multi-language support, and flexible appointment scheduling to help you manage COVID-19 outbreaks. +1 (626) 434-3598 for more information. The stock is priced as if COVID testing is going to disappear soon. Authorization will be obtained before samples are processed by Fulgent. Send Completed TRF and Collected Sample to: Uses reverse transcription polymerase chain reaction (RT-PCR) test to detect viral presence. Founded in 2011, Fulgent has evolved into a premier, full-service genomic testing company built around a foundational technology platform. Miami-Dade is the most populous county in Florida and seventh most populous in the United States. Email Alerts Email Alerts. 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. Fulgent Genetics ( FLGT 5.15%) is arguably the cheapest coronavirus stock on the market -- if not the cheapest biotech of any type out here, with a price-to-earnings (P/E) valuation of just. (ie: genetic counselor, genetic nurse, clinical geneticist). Before the pandemic, Fulgent had traded with a price-to-sales (P/S) ratio as low as 2.7. This new solution allows Miami-Dade to set the number of testing lanes, number of available time slots and manage the collection process. Its DNA next generation sequencing (NGS) business was growing with sales of $18.7 million in. The option to retest if indeterminate is available. Fulgent Genetics, Inc. * 4 Principals See who the company's key decision makers are 154 Contacts Reach the right people with access to detailed contact information. Fulgent Genetics, Inc. (NASDAQ: FLGT) (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 strategic investment in Spatial Genomics, Inc. (Spatial), a leading developer of sequential fluorescence in situ hybridization (seqFISH) technology. The Self-Pay option is not applicable for the Compassionate Care Program. 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. 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. These reports contain more information about the company, its business and the risks affecting its business. Easy collection kit that ensures sample quality without discomfort SAFELY. Completed test requisition form, including patient information: address, telephone number, etc. and submit it to Fulgent Genetics via email or fax. and no historical data shall be considered as the basis for predicting future trends. Fulgent partners with many city and county governments to establish drive-thru and walk-up testing sites throughout various communities. 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. And that number could fall off dramatically if the virus, or the desire to test for it, wanes. Clinical Laboratory Improvement Amendments (CLIA) License, College of American Pathologists (CAP) Accreditation, New York State Clinical Laboratory Permit. The services and products are not available to all customers or in all If a prior authorization is required, Fulgent will submit the needed documentation (see below for what information needs to be submitted). Of course, Fulgent is also producing a lot of profit. Corporate Relations Get the big picture on a company's affiliates and who they do business with. 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. It offers genes and panels, known mutat Financial Industry Regulatory 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. And avoid crowded healthcare facilities Our cardiovascular panels are divided by presentation of symptoms to better fit your patient needs. amount invested. Fulgent accepts all private healthcare insurance plans. If you are a Fulgent Genetics shareholder, you are encouraged to contact Mark Stein or Linda Border at Barrack, Rodos & Bacine, at the toll-free number 877-386-3304, or via email at mstein@barrack . 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. Free trading refers to $0 commissions for Moomoo Financial Inc. self-directed individual cash or margin The new platform was developed by Fulgent Genetics, Inc. (Nasdaq: FLGT), the lab used at the County-run sites. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Fulgent Genetics, Inc. (FLGT) using our online tools. 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. The unpredictability of COVID took shareholders on a journey through several peaks and valleys on the way to that gain. Prior authorization for the testing is obtained (if required). We accept all commercial insurance plans and, whenever possible, will obtain the required prior authorizations. Deductible, coinsurance and copays may contribute to a patient's out-of-pocket. 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. Apart from traditional single gene tests, Fulgent Therapeutics has been investing heavily in the future. Inconclusive results will require a new sample for testing. Coronavirus Disease (COVID-19) Virus Testing. SIMPLY. 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. And shares are dirt cheap. 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. In addition, certain insurance providers require a special authorization form to be completed by a genetics specialist if a specific test is being performed. Active, Closed, Last funding round type (e.g. Fulgent offers interest-free payment plans. We support our employees by providing them with resources for personal and professional growth while fostering an inclusive culture where differences are celebrated. Fulgent Genetics is a compassionate company offering a wide range of financial assistance programs based on the individual's financial need. Past performance of investment products does However, investors will have to keep the somewhat uncertain outlook in mind and weigh it against their personal risk tolerance. If you have symptoms (fever, cough, fatigue, etc. Shares of diagnostic testing company Fulgent Genetics (FLGT 0.10%) were up 93% last year, according to S&P Global Market Intelligence. Fulgent Genetics is a CAP and CLIA certified genetics lab in Los Angeles that's dedicated to high quality and affordable genetic testing. Fulgent will leverage its NGS platform and provide sequencing data to the CDC as part of their initiative to conduct a large-scale genomic survey of the virus using random samples from . 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. View contact profiles from Fulgent Popular Searches ), you should take precautionary measures regardless of the result of this test. Please email, fax, or ship all corresponding documents with the sample. Picture Genetics is powered by Fulgent Genetics, a certified and accredited clinical diagnostic lab. PLEASE NOTE: Orders may only be placed by physicians and medical institutions To learn about our at-home testing option, visit www.PictureGenetics.com/covid19. 1,363 Followers. 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,. Visit www.picturegenetics.com for more information. We currently operate 7 labs across the United States, all of which are CLIA-certified and CAP-accredited and surpass the highest standards of diagnostic testing. Temple City, CA 91780. That was 52% more than 2018. 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. 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. What the patient's out-of-pocket cost will be. In the most recent report, guidance rocketed higher once again. The call can be accessed through a live audio webcast in the Investor Relations section of the Company's website, http://ir.fulgentgenetics.com, and through a live conference call by dialing (888) 394-8218 using the confirmation code 3761353. brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo 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. Cost basis and return based on previous market day close. PLEASE NOTE: Orders may only be placed by physicians and medical institutions. The firm boasts of over 800+ tests and 18000+ genes. If you require a sample collection kit, please contact us at clientservices@fulgentgenetics.com. Management raised its full-year guidance when it reported first-quarter results. Authority (FINRA)s BrokerCheck. Scheduling on the new platform will begin later today (7/13/20). An audio replay will be available in the Investor Relations section of the Company's website. Fulgent will follow up with the patient directly regarding payment. Free Tools ; Leads by Industry ; Top Profiles . Samples are sent to our in-house lab, where experienced technicians perform the test and analyze results. Fulgent Genetics offers genetic services on every major issue and condition. If ordering online, select the "Self-Pay" option in the billing portion of the ordering process. For further information about Moomoo Financial Inc., please visit Financial Industry Regulatory Under this arrangement, Fulgent expects to add Spatial Genomics multiomics analysis platform to the suite of lab services already available to its pharmaceutical and clinical research customer base. 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 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. *Average returns of all recommendations since inception. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. How does Fulgent handle institutional billing? That's true. Fulgent is guiding for revenue of roughly $189 million and cost of revenue of $32 million in the fourth quarter. 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. All told, Fulgent administered almost 11 million billable tests between October 2020 and September 2021. View contacts for Fulgent Therapeutics to access new leads and connect with decision-makers. All specimens are processed at our US laboratories, and all data analysis is performed on private servers. https://www.businesswire.com/news/home/20220223006209/en/, Chromosomal Sequencing Analysis (CSA) Form. investment. Start Your Free Trial Fulgent does offer financial assistance and no-interest payment plans. Relevant SEC This includes unmet deductible, copay and coinsurance. 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. risk inherent in a fluctuating market. Fast Turnaround Investor Relations Contact:The Blueshirt GroupNicole Borsje, 415-217-2633; nborsje@blueshirtgroup.com, Media Contact:The Blueshirt GroupJeff Fox, 415-828-8298, jeff@blueshirtgroup.com. Making the world smarter, happier, and richer. A negative test does not completely rule out an infection. 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. The Fulgent Coronavirus Disease (COVID-19) RT-PCR test is a reverse transcription polymerase chain reaction test to detect SARS-CoV-2, the virus that causes COVID-19. A multi-analyte blood test for earlyliver cancer detection, From CNV to exome: Integrated genetic testing. Moomoo Financial Inc. is a member of Securities 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. Results will be delivered to patients within 24 to 48 hours. The company plans to sell 4.2 million shares, which would net the company . Fulgent Genetics, Inc. 1,563 Following. Today. Beginning in 2016, UHC requires prior authorization for BRCA genetic testing and should be completed by a Genetic Specialist Organizations will be invoiced directly for services once testing has been completed. Naturally, the need for testing rises and falls with cases. 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. 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. All information and data on the website are for reference only Collect using standard procedure for selected sample type/kit. 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. REQUEST NOW Quality Our Lab is CLIA-certified and CAP accredited and surpasses the standards of diagnostic testing. 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. Fulgent is a registered provider with various Medicaid plans. 360bbb-3(b)(1), unless the authorization is terminated or revoked sooner. Fulgent is committed to working with patients to make genetic testing affordable. At. Please see the Patient Fact Sheet and the Healthcare Provider Fact Sheet for additional information. Review of Fulgent Genetics Products. For years, Fulgent was a little-known biotech company laboring away in the genetic testing field. Strategic investment and partnership brings Spatials multiomics platform and seqFISH technology to Fulgents comprehensive suite of genomic testing solutions. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Phone number: 626-350-0537; Fax number: 626-454-1667; Email: info@fulgentgenetics.com; Website: https . Overview. Store specimens at 2-8C and ship overnight at ambient temperature or on ice pack (preferred). By merging the fields of genetics, molecular biology, and computer science, we pursue excellence in clinical diagnostics, therapeutic development, and data analysis. Require a new sample for testing rises and falls with cases accept all commercial insurance plans and whenever. Heavily in the billing portion of the ordering process fulgent genetics phone number is not applicable for the Compassionate Care Program and crowded! Unpredictability of COVID took shareholders on a company & # x27 ; s affiliates and who do. Sales of $ 18.7 million in the United States ship overnight at temperature... 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