https://www.businesswire.com/news/home/20220223006209/en/, Chromosomal Sequencing Analysis (CSA) Form. contact our Client Service Team at info@fulgentgenetics.com Moomoo Financial Inc. is a member of Securities The Chinese entity was formed in 2017. This includes unmet deductible, copay and coinsurance. No content on the website shall be considered as a recommendation or solicitation for the purchase or sale of 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. Laboratory director(s) Help List of directors in this laboratory, it may include lab, medical and scientific directors. COVID-19. Remain at home and avoid contact with others for 14 days even if your test is negative. Please see the Patient Fact Sheet and the Healthcare Provider Fact Sheet for additional information. The firm major products are: A summary of Fulgent Genetics products Genes & Panels. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Fulgent Genetics, Inc. TEMPLE CITY, Calif., Sept. 09, 2020 (GLOBE NEWSWIRE) -- Fulgent Genetics, Inc. (NASDAQ: FLGT) (Fulgent Genetics or the company), a technology company providing comprehensive testing solutions through its scalable technology platform, today announced a new partnership with Miami-Dade County in Florida for COVID-19 testing. We believe this combination of delivering the gold-standard RT-PCR test at scale, in timely fashion, combined with a management system that makes the process seamless for everyone, is key to a successful testing protocol, Perthuis added. Fulgent Genetics, Inc. has a 1 year low of $28.53 and a . Contact us at info@fulgentgenetics.com or +1 (626) 350-0537 for more information. 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. 360bbb-3(b)(1), unless the authorization is terminated or revoked sooner. All data analysis is performed on private US server centers. If you have any questions about our billing process or any of Fulgent's programs, please contact our Client Service Team at info@fulgentgenetics.com or +1 (626) 350-0537 for more information. Clinical Molecular Genetics test for Hereditary disease and using Deletion/duplication analysis, Next-Generation (NGS)/Massively parallel sequencing (MPS) offered by Fulgent Genetics. The Motley Fool has a disclosure policy. Additional information can be found on the FDA's website. What the patient's out-of-pocket cost will be. For the full-year period, management expects sales of $930 million, cost of revenue of $115 million, and non-GAAP (adjusted) net income of $16 per share. Fulgent accepts all private healthcare insurance plans. Founded in 2011, Fulgent has evolved into a premier, full-service genomic testing company built around a foundational technology platform. 2018 Fulgent Genetics. Explore the best option for your patient needs. 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. Increase the effectiveness of medications while reducing the risk of adverse drug reactions with PGx testing, available clinically through Fulgent, or at-home through Picture Genetics. The current $2.4 billion market capitalization is only 2.6 times management's estimated $930 million in 2021 revenue. Fulgent Genetics is a technology-based genetic testing company focused on transforming patient care in oncology, infectious and rare diseases, and reproductive health. Toview FulgentGenetics.com and download forms, you will need to enable JavaScript and other settings. Of course, Fulgent is also producing a lot of profit. not guarantee future results. Please try again later. What is required for Fulgent to verify insurance coverage and determine a patient's out-of-pocket cost? Hanlin (Harry) Gao, M.D., Ph.D., D.A.B.M.G., F.A.C.M.G. The stock is priced as if COVID testing is going to disappear soon. - patient first and last name; DOB; MRN). Those holding shares had a wild ride in 2021 if they hung on. fax the benefits investigation request form to: email us the benefits investigation request form: Copy (front and back) of the patient's healthcare insurance card (or cards if the patient has a secondary healthcare insurance plan). as Chief Medical Officer, reporting to the Company's Back then, the entire business was focused on next-generation sequencing (NGS). 3 brokerages have issued 12 month price objectives for Fulgent Genetics' shares. Fulgent is a registered provider with various Medicaid plans. brokerage accounts of U.S. residents that trade U.S. listed securities via mobile devices or Web. This new solution allows Miami-Dade to set the number of testing lanes, number of available time slots and manage the collection process. Providers must obtain a prior authorization. Fulgent will call the patient's insurance company to determine: Some insurance companies require a review of medical records before determining if genetic testing is covered 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. REQUEST NOW Quality Our Lab is CLIA-certified and CAP accredited and surpasses the standards of diagnostic testing. Label each specimen with at least two unique identifiers that match the order paperwork (e.g. In 2019, Fulgent reported $32.5 million in sales. Past performance should not be viewed as an indicator of future results. by the plan. Six featured epilepsy preset panels organized by age of onset, medical actionability, and clinical presentations. Learn More. Select the Beacon Carrier Screening Panel that fits the needs of your patient. Its DNA next generation sequencing (NGS) business was growing with sales of $18.7 million in. PLEASE NOTE: Orders may only be placed by physicians and medical institutions. Patients must meet clinical and income criteria to apply for these programs. * This test has been authorized by the FDA under an Emergency Use Authorization (EUA). nicole@blueshirtgroup.com, Fulgent Genetics Announces Strategic Investment in Spatial Genomics. 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 proprietary technology platform has created a broad, flexible test menu and the ability to continually expand and improve its proprietary genetic reference library while maintaining accessible pricing, high accuracy and competitive turnaround times. Participants' results will be delivered to mobile devices, allowing them to take prompt action should they test positive for COVID-19. Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC). Once we receive a sample or completed forms (see below), it is our practice to work with the provider and the patient on an individual basis. We believe the process is similar to buying coffee with a QR code on your cell phone; cars drive up, show their phone, scan the kit, self-administer the shallow nasal swab and drive off. Management has made moves that set it up for life beyond the pandemic. Oversee activity across all your testing sites with built-in dashboards where your administrators can analyze statistics and manage appointments. West (Based in the Arizona Territory) Fulgent Oncology is part of Fulgent Genetics, a healthcare technology company founded in 2011 with the goal of changing the . amount invested. Through our diverse testing menu, Fulgent is focused on transforming patient care in oncology, anatomic pathology, infectious and rare diseases, and reproductive health. 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. Founded in 2011, Fulgent has evolved into a premier, full-service genomic testing company built around a foundational technology platform. Fulgent Genetics is investing up to $40 million to lead Spatial Genomics Series A financing, which totals approximately $56 million and also includes investments by 12 West Capital and other investors. For questions specific to insurance, medicare billing, contact a billing representative at insurance@fulgentgenetics.com The company's share price is up roughly 1% in the month so far. Before trading on margin, customers are advised to Fulgent Genetics offers genetic services on every major issue and condition. View Eleina Cox's business profile as Laboratory Genetic Counselor at Fulgent. Securities Investor Protection Corporation (SIPC). Founded in 2011, Fulgent has evolved into a premier, full-service genomic testing company built around a foundational technology platform. Fulgent Genetics is a CAP and CLIA certified clinical laboratory in Los. The responsiveness of the Testing will not be released until a reasonable path has been determined for reimbursement. Enhanced limit orders can be placed at a specified price. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Review of Fulgent Genetics Products. For patients who are insured with commercial insurance, Fulgent can offer financial assistance based on the criteria (see the Financial Disclosure Form for details). FULGENT GENETICS, INC. Condensed Consolidated Balance Sheet Data September 30, 2022 and December 31, 2021 Clinical Laboratory Improvement Amendments (CLIA) License, College of American Pathologists (CAP) Accreditation, New York State Clinical Laboratory Permit. Cost basis and return based on previous market day close. Customers should consider the appropriateness The following form should be investment. Our main lab is located in Southern California, with additional labs and offices across the United States. Spatial Genomics is a biology and life science technology company dedicated to empowering discovery. Overview. The value of investments may fluctuate and as a result, clients may lose the value of their The Motley Fool owns and recommends Fulgent Genetics, Inc. To learn about our at-home testing option, visit www.PictureGenetics.com/covid19. But Fulgent is trying to sell us on the story that its long-term future rests with its core genetics-testing platform. How long a person needs to be infected before testing positive, and whether an infected person can be identified by the test before displaying symptoms, are currently unknown. No laboratory test is 100% accurate. Management. Miami-Dade residents now have improved access to reliable and fast COVID-19 testing. Their FLGT share price forecasts range from $35.00 to $45.00. All types of investments are risky and investors may suffer losses. brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Patients with U.S. Federal and/or State funded health plans (i.e. Prior authorization is typically required. This method is also called a nucleic acid amplification test (NAAT). On average, they anticipate the company's stock price to reach $41.67 in the next year. Fulgent will follow up with the patient directly regarding payment. *Average returns of all recommendations since inception. . Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. This is critical as orders not complete will require manual processing and could create an unnecessary delay. The company's incredible stock gains and somewhat uncertain outlook set the stage for a big valuation pullback as investors became more cautious last month. News & Events. The firm boasts of over 800+ tests and 18000+ genes. If the patient has a Managed Medicaid plan, the provider is required to obtain the prior authorization per the plan requirements. 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. All data analysis is performed on private US server centers. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Fulgent Community COVID-19 Test Platform | Fulgent Genetics COVID-19 Testing Solutions For Counties and Cities Provide your community with timely, dependable COVID-19 testing. We support our employees by providing them with resources for personal and professional growth while fostering an inclusive culture where differences are celebrated. Maybe. By merging our fields of expertise, we aim to become a fully integrated precision medicine company. Fulgent Therapeutics was issued its CLIA license (CLIA 05D2043189/CLF 00342581). In 2016, USC named its electrical engineering department after Hsieh. Fulgent offers free specimen collection kits for physicians and genetic counselors within the continental United States. If Fulgent has a contract with the Medicaid plan, we will submit the required information and attempt to obtain a prior authorization. If we are not under contract with the Medicaid plan or if the test is not covered, we can offer our Medicaid Self Pay price. View contact profiles from Fulgent Popular Searches And that number could fall off dramatically if the virus, or the desire to test for it, wanes. Brokerage accounts with Moomoo Financial Inc. are protected by the Strategic investment and partnership brings Spatials multiomics platform and seqFISH technology to Fulgents comprehensive suite of genomic testing solutions. Test. All rights reserved. Through our diverse testing menu, Fulgent is focused. Start Your Free Trial Find nationwide available RT-PCR appointments near you. Shares of Fulgent Genetics ( FLGT 1.30%) sank 36.5% amid turbulent trading for the broader market in January, according to data from S&P Global Market Intelligence. View Amanda Dang's business profile as Assistant Project Manager at Fulgent. Trading hours: 09:30~12:00 & 13:00~16:00, excluding Saturday, Sunday, and public holidays. All specimens are processed at our US laboratories, and all data analysis is performed on private servers. For further information about Moomoo Financial Inc., please visit Financial Industry Regulatory By merging the fields of genetics, molecular biology, and computer science, we pursue excellence in clinical diagnostics, therapeutic development, and data analysis. The Motley Fool has a disclosure policy. Results will be delivered to patients within 24 to 48 hours. International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC) and Futu 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. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Fulgent partners with many city and county governments to establish drive-thru and walk-up testing sites throughout various communities. Organizations will be invoiced directly for services once testing has been completed. These reports contain more information about the company, its business and the risks affecting its business. The unpredictability of COVID took shareholders on a journey through several peaks and valleys on the way to that gain. For years, Fulgent was a little-known biotech company laboring away in the genetic testing field. However, investors will have to keep the somewhat uncertain outlook in mind and weigh it against their personal risk tolerance. How does Fulgent handle institutional billing? Fulgent has an efficient technology and operating platform generating gross margins of about 80% and operating margins above 70%. Fulgent offers interest-free payment plans. Authority (FINRA)s BrokerCheck. In addition, certain insurance providers require a special authorization form to be completed by a genetics specialist if a specific test is being performed. Invest better with The Motley Fool. After Fulgent receives the sample, results are available within 24 to 48 hours. Test participants will fill out a questionnaire that can help you determine how COVID-19 is spreading in your community. SIMPLY. The current $2.4 billion market capitalization is only 2.6 times management's estimated $930 million in 2021 revenue. 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. Fulgent is also entering into commercial arrangements with Spatial to integrate Spatial Genomics seqFISH technology into Fulgents comprehensive genomic testing platform. If a prior authorization is required, Fulgent will submit the needed documentation (see below for what information needs to be submitted). 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. An audio replay will be available in the Investor Relations section of the Company's website. Spatial Genomics will use the funds from its Series A financing round to accelerate the commercialization of their seqFISH technology platform, grow their seqFISH laboratory services group, and aggressively expand their workforce, including in R&D, engineering, manufacturing, sales, marketing, customer support, and commercial operations. Consult a physician or the CDC website for more information. 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