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Genomic Health Announces Year-End 2009 Financial Results
Date:2/3/2010

;however, this year we expect continued growth in top-line revenue to be driven almost exclusively by increasing adoption of our breast cancer test," said Brad Cole, Chief Operating Officer and Chief Financial Officer of Genomic Health.  "This year, we intend to continue to leverage our strong financial position with investments in the commercialization of our colon cancer test, global expansion of both franchises and in our ongoing development programs."

The company is providing the following financial guidance for the full-year ending December 31, 2010:

  • Revenue of $180 million to $190 million
  • Full year net income of up to $2 million
  • Test results delivered of 58,000 to 61,000 (includes both Oncotype DX breast and colon cancer tests)

Commercial Progress

  • More than 49,030 Oncotype DX test results were delivered in the full year of 2009, an increase of 24 percent, compared with more than 39,640 test results delivered in 2008.  In the fourth quarter of 2009, more than 13,340 test results were delivered, an increase of 26 percent, compared with more than 10,580 test results delivered in the same period in 2008.
  • More than 135,000 Oncotype DX test results were delivered as of December 31, 2009.
  • Established contracts for node-negative, estrogen-receptor positive breast cancer patients with Blue Cross Blue Shield of Illinois, Blue Cross Blue Shield of Massachusetts, Blue Cross Blue Shield of South Carolina, Blue Cross Blue Shield of Tennessee, and HMSA Blue Cross Blue Shield of

SOURCE Genomic Health, Inc.
Copyright©2010 PR Newswire.
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