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Adaptive Biotechnologies Corporation (ADPT) Q3 2024 Earnings Call Transcript Summary

Adaptive Biotechnologies Corporation (ADPT) Q3 2024 Earnings Call Transcript Summary

adaptive biotechnologies 公司(ADPT)2024年第三季度业绩会交流摘要
moomoo AI ·  22:15  · 电话会议

The following is a summary of the Adaptive Biotechnologies Corporation (ADPT) Q3 2024 Earnings Call Transcript:

以下是Adaptive Biotechnologies公司(ADPT)2024年第三季度业绩会议电话记录摘要:

Financial Performance:

财务表现:

  • Adaptive Biotechnologies reported Q3 2024 revenue of $46.4 million, a 22% growth from the previous year, with MRD revenue growing 52% to $37.5 million.

  • Operating spend saw a reduction of 11% compared to the previous year, and cash at the end of the period was $267 million, illustrating a sharp reduction in burn rate by 38% in the first nine months compared to the previous period.

  • They have raised the lower end of their MRD revenue guidance for the year, indicating improved financial health and expectations.

  • Adaptive Biotechnologies报告了2024年第三季度营业收入为4640万美元,比去年同期增长了22%,其中MRD收入增长了52%,达到3750万美元。

  • 与去年相比,运营支出减少了11%,期末现金为26700万美元,显示出与上一时期相比前九个月的烧钱速度大幅减少了38%。

  • 他们已经提高了本年度MRD收入指导的下限,表明了财务状况和预期的改善。

Business Progress:

业务进展:

  • Launched clonoSEQ for mantle cell lymphoma and expect new pricing for clonoSEQ at $2,007 per test to drive future revenue.

  • Integration with Electronic Medical Records (EMRs) is progressing, with successful integrations into major systems like Epic, covering more accounts which is expected to enhance volume growth.

  • Expanded partnership projects in Immune Medicine with initiatives focusing on oncology and autoimmunity, notably collaborating with Genentech on developing TCR-based therapies.

  • 推出了用于弥漫性B细胞淋巴瘤的clonoSEQ,并预计将clonoSEQ的新定价为每次测试2007美元,以推动未来收入增长。

  • 与电子医疗记录(EMR)的整合正在进行中,并已成功整合到Epic等主要系统中,覆盖更多账户,预计将增强成交量增长。

  • 在免疫医学领域扩大合作伙伴关系项目,重点关注肿瘤学和自身免疫疾病,特别是与基因泰克合作开发基于TCR的疗法。

Opportunities:

机会:

  • New Medicare pricing and expanded Medicare coverage for the clonoSEQ test is expected to positively impact average selling price per test by fiscal year 2025.

  • Increased adoption and application of the clonoSEQ test in clinical settings, aided by prominent use as a primary endpoint in studies, promises growth in clinical use sectors.

  • Integration with major EMR systems is anticipated to boost testing volume and simplify the ordering process across healthcare providers.

  • 2025财年预计Medicare的新定价政策和扩大的Medicare覆盖范围对每次clonoSEQ测试的平均销售价格将产生积极影响。

  • 在临床环境中增加对clonoSEQ测试的采用和应用,得益于在研究中作为主要终点的显著使用,承诺促进临床用途领域的增长。

  • 与主要EMR系统的整合有望推动测试成交量的提升,并简化在医疗服务提供商间的订购流程。

Risks:

风险:

  • The pace at which commercial contracts adjust to higher gapfill rates or include previously uncontracted payers is uncertain, potentially affecting forecasted revenue increases.

  • 商业合同调整到更高的缺口填补率或包括先前未合约的付款方的速度不确定,可能影响预期的营业收入增长。

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