Shares of Guardant Health Resumed Trading Up 23%; FDA Panel Backed Approval For Co's Blood-based Cancer Test
Portfolio Pulse from Charles Gross
Shares of Guardant Health resumed trading up 23% after an FDA panel backed the approval of the company's blood-based cancer test.
May 24, 2024 | 11:17 am
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POSITIVE IMPACT
Guardant Health shares surged 23% after an FDA panel supported the approval of its blood-based cancer test, indicating strong market confidence in the product's potential.
The FDA panel's backing is a significant regulatory milestone, likely to boost investor confidence and drive short-term stock price gains for Guardant Health.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100