Exagen Inc. Secures Conditional NY State Approval for New Lupus and Rheumatoid Arthritis Biomarkers and Announces Select Preliminary 2024 Financial Results
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Exagen Inc. has received conditional approval from the New York State Department of Health for new lupus and rheumatoid arthritis biomarkers, with a commercial launch planned for January 2025. Preliminary 2024 financial results show record revenue and improvements in adjusted EBITDA and cash burn.
January 12, 2025 | 5:15 pm
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Exagen Inc. has received conditional approval for new lupus and rheumatoid arthritis biomarkers, with a commercial launch in January 2025. Preliminary 2024 financial results indicate record revenue and improved EBITDA.
The conditional approval for new biomarkers is a positive regulatory development, likely to boost investor confidence. The planned commercial launch in January 2025 suggests future revenue growth. Preliminary financial results showing record revenue and improved EBITDA further support a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100