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Genomic Health Announces First Quarter 2013 Financial Results and Business Progress
Date:5/2/2013

st Quarter 2013 Financial Results Total operating expenses for the first quarter of 2013 were $64.0 million, compared with total operating expenses for the comparable period in 2012 of $57.6 million.

Cash and cash equivalents and short-term investments at March 31, 2013 were $96.1 million, compared with $99.1 million at December 31, 2012. 

In the first quarter, 20,350 Oncotype DX test results were delivered, an increase of 9 percent, compared with more than 18,630 test results delivered in the same period in 2012.

Recent Business Highlights:Oncotype DX Commercial Progress

  • Established policy with Highmark, Inc., an independent licensee of the Blue Cross and Blue Shield Association, for stage II colon cancer, covering 5 million lives in the United States.
  • Gynaecological Oncology (AGO), a leading expert panel in Germany, updated its evidence-based guidelines to include the Oncotype DX breast cancer test to predict the risk of recurrence and likelihood of chemotherapy benefit.
  • Medical Meeting Presentations and Pipeline

  • Announced plans to make the Oncotype DX prostate cancer test available to physicians and patients immediately following the UCSF presentation of the positive clinical validation results at the American Urological Association (AUA) Annual Meeting on Wednesday, May 8, 2013. 
  • Announced that the positive results from the Oncotype DX DCIS clinical validation study are scheduled to publish online today in the Journal of the National Cancer Institute.
  • Received acceptance to present 10 abstracts at the upcoming American Society of Clinical Oncology (ASCO) Annual Meeting May 31 - June 4, including studies in breast, colon and prostate cancers.
  • In February, the National Institute for Health and Clinical Excellence (NICE) in the United Kingdom issued a new draft Diagnos
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  • SOURCE Genomic Health, Inc.
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