From WisPolitics.com/WisBusiness.com …
— Exact Sciences’ revenues in the fourth quarter of 2024 increased 10% over the year, reaching $713 million, the Madison-based diagnostics company reports.
Of that total, $553 million is from the company’s screening division and $161 million is from precision oncology. Screening revenue is up 14% while precision oncology increased 0.4%, the release shows.
For the full year, Exact Sciences projects 2024 revenues of $2.76 billion — 10% more than in 2023. Screening revenue for the year is expected to be $2.1 billion, a 13% increase, while precision oncology revenue of $655 would be a 4% increase for the year.
Chairman and CEO Kevin Conroy touts the “strong results” at the end of last year, “setting us up for sustained growth and profitability in the years to come.”
This year, the business plans to launch three new cancer tests.
Its Cologuard Plus test builds on the company’s existing Cologuard non-invasive colon cancer screening tool, which tests for DNA markers and blood in stool linked to cancer and precancer. It’s been approved by the FDA, and is expected to reduce false positives by nearly 40%, lowering the chances of unneeded follow-up colonoscopies.
Meanwhile, Exact Sciences will also launch a “molecular residual disease” test, Oncodetect, and a multi-cancer screening test called Cancerguard this year, the announcement shows.
Conroy says the new tests will expand the company’s impact, “enabling Exact Sciences to advance cancer prevention, early detection, and personalized treatment.”
See more in the release below.
— St. Croix Hospice, which has facilities in more than a dozen Wisconsin communities, today announced plans to acquire Mayo Clinic Health System’s hospice operations in southwestern Minnesota.
The hospice care provider expects to complete the acquisition in the first quarter of this year, according to the release. The organizations already had a “longstanding” referral relationship in the Midwest, as St. Croix Hospice would take hospice patients referred outside the Mayo Clinic Health System.
“With more than 75 locations across the Midwest staffed by local care teams, St. Croix Hospice has been proudly providing hospice care for Mayo Clinic Health System patients throughout the Midwest for many years,” St. Croix Hospice Chief Clinical Officer Mandy Cogswell said in a statement.
See the release below.
— WisPolitics and WisBusiness.com are hosting a virtual luncheon Wednesday at noon to explore how policymakers and the health care community can improve youth mental health.
The one-hour event will feature four panelists:
- Maureen Busalacchi, director of the Division of Alcohol Policy Prevention and Research at the Medical College of Wisconsin and current president of the Wisconsin Public Health Association Inc.
- Dr. Mary Pfeiffer, retired (2024) Neenah Joint School District superintendent;
- Debbie Patz, vice president of Bellin Psychiatric Center, Emplify Health;
- And Erich Pfeifer, president and CEO of Marine Travelift.
Register for the free event here.
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Press Releases
– Exact Sciences: Announces preliminary fourth quarter 2024 results
– St. Croix Hospice: To acquire Mayo Clinic Health System hospice operations in Southwest Minnesota
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