23andMe shares are trading higher after the company announced received FDA 510(k) clearance to expand its existing BRCA1/BRCA2 (Selected Variants) Genetic Health Risk Report.
Portfolio Pulse from Benzinga Newsdesk
23andMe has received FDA 510(k) clearance to expand its existing BRCA1/BRCA2 Genetic Health Risk Report, leading to a rise in its share prices.
September 01, 2023 | 1:33 pm
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23andMe's stock is trading higher after the company received FDA clearance to expand its BRCA1/BRCA2 Genetic Health Risk Report.
The FDA clearance allows 23andMe to expand its genetic health risk report, which could potentially lead to increased usage of its services and subsequently, higher revenues. This positive news is likely to boost investor confidence, leading to a rise in the company's stock price in the short term.
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