Grail, Inc. (GRAL)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
'Holy Grail' Honus Wagner card sells for over $5M as family auctions it from grandfather's collection
A T206 Honus Wagner baseball card in a family collection for 116 years was sold for $5.124 million at auction, becoming the third-most expensive ever for this specific card.
Biotech Stock Plummets on Cancer Screening Trial Results
Biotech stock Grail Inc (NASDAQ:GRAL) is taking a nosedive today, brushing off better-than-expected fourth-quarter results after the company's three-year cancer screening trial failed to meet its main goal.
Grail shares plunge after major cancer screening trial misses main goal
Grail shares plunged nearly 50% in premarket trading on Friday after its three-year cancer screening trial failed to meet its main goal, dealing a major blow to the blood test maker.
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Grail, Inc. Profile
| Professional Services Industry | Industrials Sector | Robert Ragusa CEO | NASDAQ (NGS) Exchange | 384747101 CUSIP |
| US Country | 1,000 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
GRAIL, LLC is a cutting-edge biotechnology firm that has its sights set on revolutionizing the early detection of cancer, a significant leap in the battle against this disease. The company was originally founded as PSC15, Inc. but underwent a name change to GRAIL, LLC in January 2016. Since its inception in 2015, GRAIL has made significant strides in its mission, positioning itself at the forefront of cancer diagnostics research and development. Based in Menlo Park, California, GRAIL operates under the auspices of its parent company, Illumina, Inc., benefiting from its vast resources and expertise in the genomic sequencing arena. GRAIL's commitment to utilizing cutting-edge technology for the development of its products underscores its potential to make a substantial impact on public health by facilitating the early detection of cancer.
Products and Services
GRAIL, LLC has developed a suite of innovative products aimed at the early detection of cancer, each designed to address different stages of diagnosis and patient management. These include:
- Galleri: This groundbreaking screening test is tailored for asymptomatic individuals who are over 50 years of age. Galleri works by detecting signals in the blood that may indicate the presence of cancer, thereby allowing for early intervention before symptoms manifest. The test represents a significant advance in non-invasive cancer screening, offering a promising tool in the quest to reduce cancer mortality rates through early detection.
- Diagnostic Aid for Cancer (DAC): Specifically designed to expedite the diagnostic resolution for patients who have a clinical suspicion of cancer, the DAC serves as a crucial tool in the diagnostic process. By streamlining the pathway to diagnosis, this product aims to shorten the time between suspicion and confirmation of cancer, thus facilitating prompt access to treatment.
- Minimal Residual Disease and Other Post-Diagnostic Tests: In addition to its early detection and diagnostic assistance products, GRAIL is working on developing tests for minimal residual disease (MRD) and other post-diagnostic scenarios. These tests are geared towards monitoring cancer survivors for any signs of recurrence, as well as providing insights into the effectiveness of treatment. The development of MRD and post-diagnostic tests reflects GRAIL’s comprehensive approach to cancer management, from detection through to survivorship.
