Labcorp announced the nationwide availability of Roche's VENTANA PTEN (SP218) RxDx Assay, the first FDA-approved immunohistochemistry companion diagnostic to detect PTEN protein loss in prostate adenocarcinoma tumors. The assay helps identify patients who may be eligible for treatment with AstraZeneca's TRUQAP in combination with abiraterone acetate and prednisone. PTEN loss is associated with more aggressive disease and reduced benefit from standard therapies, and until now no approved treatments specifically targeted this biology. Labcorp participated in Roche's early access program to ensure Day 1 laboratory readiness, and the test is now available through Labcorp's national network, complementing its comprehensive oncology testing portfolio.
Labcorp launches first FDA-approved PTEN companion diagnostic, expanding its oncology testing portfolio and potentially increasing demand for its services.
QuidelOrtho Names Sanjeev Sharma Vice President of Investor Relations
QuidelOrtho Corporation has appointed Sanjeev Sharma, CFA, as Vice President, Investor Relations, effective September 28, 2026. Sharma brings more than 20 years of experience across investor relations, corporate strategy and equity research, most recently serving as Senior Director of Investor Relations at Teva Pharmaceuticals, where he helped communicate strategy during a period of significant transformation. He previously spent more than a decade at Genpact in progressively senior investor relations and business strategy roles, and earlier spent nearly six years in sell-side equity research. Chief Financial Officer Micah Young said Sharma's combination of investor relations leadership, healthcare experience, financial expertise and capital markets perspective will be especially valuable as the diagnostics provider sharpens its communications and deepens engagement with shareholders and analysts. Sharma said he looks forward to partnering with the leadership team to communicate QuidelOrtho's strategic priorities and progress focused on long-term value creation.
Roche Diagnostics Sends Two Molecular Testing Instruments to DRC for Ebola Testing
Roche Diagnostics has provided two molecular testing instruments to the Institut National de Santé Publique to support Ebola testing capacity in the Democratic Republic of Congo, where an outbreak caused by Bundibugyo virus has pushed demand for testing beyond current laboratory capacity. Roche will preconfigure the Light cycler and Magna Pure instruments and train local laboratory technicians before deploying the equipment to Bunia for validation testing. The Institut National de Santé Publique will conduct local validation of the Bundibugyo virus, after which Roche anticipates further tests could be shipped and additional instruments deployed. The delivery follows Roche's June announcement that it had developed a Research Use Only molecular PCR test targeting Bundibugyo virus. As of 28 September 2026, UN Health Authority data reported 8,067 confirmed cases and 3,901 deaths, a case fatality rate of 48.4% across 60 health zones in six provinces, and the WHO has assessed the risk in the DRC as very high and confirmed the outbreak remains a public health emergency of international concern.
Biotech & Genomic Medicine › Diagnostics & Precision Testing ▲Demand
Biotech & Genomic Medicine › Tools, Diagnostics & CDMO ▲Demand
Biotech & Genomic Medicine › Life-Science Tools & Sequencing ▲Demand
ROP.SW · Demand · Positive Roche Diagnostics supplies molecular testing instruments and PCR tests to support Ebola testing in the DRC, expanding demand for its diagnostics products
NeoGenomics Guides to About US$209 Million Q3 2026 Revenue, Names Warren Stone CEO
NeoGenomics, Inc. issued preliminary third-quarter 2026 revenue guidance of about US$209 million with very strong next-generation sequencing growth and outlined plans to increase its full-year revenue guidance. The company also amended its bylaws to expand its Board to up to eleven directors. In a planned leadership transition, President and COO Warren Stone will become CEO and join the Board in January 2027, while current CEO Tony Zook moves to Executive Chair and the Board refreshes its independent leadership. The stronger revenue outlook, particularly in NGS, supports the near-term revenue catalyst but does not materially change the central risk that high fixed costs and heavy investment could weigh on margins if volumes soften or funding pressures persist. NeoGenomics' narrative projects $997.4 million revenue and $64.1 million earnings by 2029, with a $19.72 fair value estimate.
BTIG Downgrades Personalis to Neutral on Expected Tempus Takeover
BTIG downgraded Personalis to Neutral from Buy on Tuesday, with analyst Mark Massaro saying Tempus AI is highly likely to close its acquisition of the cancer test maker at the announced terms. Tempus AI agreed in July to acquire Personalis in a $1.5B deal, a time when Personalis was exploring a potential sale and reportedly drawing takeover interest from multiple parties, including Merck. Citing an S-4 filing, Massaro said Personalis received M&A interest from as many as five bidders but chose a lower bid from Tempus because the company's board had antitrust concerns over the higher bidder. Massaro removed his $16.25 per share target and said he does not expect a higher bidder to emerge, expecting the deal to close at the agreed-upon price of $16.25 per share.
Biotech & Genomic Medicine › Diagnostics & Precision Testing Competition
Biotech & Genomic Medicine › Tools, Diagnostics & CDMO Competition
PSNL · Capital · Neutral BTIG downgraded Personalis to Neutral and removed its $16.25 target, expecting the Tempus acquisition to close at the agreed $16.25 per share with no higher bidder.
TEM · Capital · Positive Analyst expects Tempus AI to close its $1.5B acquisition of Personalis at the announced terms, with no higher bidder emerging.
BTIG, LLC · Capital · Neutral BTIG is the research firm issuing the downgrade of Personalis, acting as analyst rather than a subject of the news.
Oku Digital Health Launches From Topcon Healthcare to Link Eye Exams to Whole-Body Care
Oku Digital Health, Inc. announced its global launch from Topcon Healthcare, Inc., unveiling an AI-powered digital health company that turns routine eye exams into a front door for early disease detection and accelerated clinical development. The company operationalizes its Healthcare from the Eye approach across a connected network of more than 10,000 care locations, built on Topcon's global installed base of 50,000+ diagnostic devices, and says it has screened over 2.2 million patients outside of traditional eye care. Oku combines AI-supported diagnostics, EHR integration, and referral workflows to connect healthcare providers in primary care, optometry, ophthalmology, and specialties with pharmaceutical partners seeking patient data and real-world evidence for drug development and precision medicine. Ali Tafreshi, who remains Chief Strategy Officer for Topcon Corp.'s Eyecare Business Division and Chief Executive Officer of Topcon Healthcare Inc., leads Oku as Chief Executive Officer, joined by Chief Operating Officer Trent Norris, Chief Data AI Officer Matthew Lungren, Chief Medical Officer Daniela Ferrara, and Chief Strategy and Business Development Officer Jacques Gilbert. The company is built on Microsoft Azure cloud infrastructure and optimized for AI workloads with NVIDIA CUDA libraries, and will make its debut at the American Academy of Ophthalmology Annual Meeting in New Orleans from October 9 to 12, 2026, within the Topcon Healthcare booth at AAO 1737.
Biotech & Genomic Medicine › Diagnostics & Precision Testing ▲Technology
Oku Digital Health, Inc. · Technology · Positive Oku launches as an AI-powered digital health company operationalizing its Healthcare from the Eye approach across 10,000+ care locations.
Topcon Corporation · Technology · Positive Topcon Healthcare spins out Oku Digital Health, leveraging Topcon's 50,000+ diagnostic device installed base and retaining its CSO/CEO to lead the new venture.
Telix Doses First U.S. Patients With FDA-Approved Glioma Imaging Drug Pixclara
Telix Pharmaceuticals announced that the first patients in the United States have been dosed with Pixclara, its FDA-approved amino acid PET imaging drug for glioma, marking the start of U.S. commercial availability. The doses were administered at the Indiana University Health Neuroscience Center in Indianapolis and University Hospitals Cleveland Medical Center in Cleveland, with Telix's U.S. manufacturing and pharmacy distribution partner PharmaLogic Holdings Corp. supplying finished unit doses to the U.S. market. Pixclara, also known as floretyrosine F 18 or 18F-FET, is the only FDA-approved radiopharmaceutical imaging drug for glioma and is indicated to help differentiate recurrent or progressive glioma from treatment-related change in adults and pediatric patients one month of age and older. Gliomas account for approximately 30% of all brain and central nervous system tumors and 80% of all malignant brain tumors, with roughly 24,000 new glioma cases diagnosed in the U.S. each year. Telix said Pixclara is also the subject of a Phase 3 registrational study for potential indication expansion into the diagnosis of brain metastases.
Biotech & Genomic Medicine › Diagnostics & Precision Testing ▲Supply
PharmaLogic Holdings Corp. · Demand · Positive Named as Telix's U.S. manufacturing and pharmacy distribution partner supplying finished Pixclara unit doses to the U.S. market