Anybody watching a little healthcare company called Grail? (GRAL) Moderna just shot up on a positive study on a personalized cancer vaccine. Grail will be the leader in a new field of multi cancer early detection (MCED).
Their test is called Galleri. It uses a single tube of blood to screen for 50 cancers. It has been a lab approved test in the US for years and has fda breakthrough designation. They submitted for fda approval this year. FDA is meeting September 23 to discuss. Approval decision within 12 months. Congress has passed a law paving the way for Medicare to cover MCED in 2029. The goal of the test is to eventually prove that early detection of things like pancreatic, esophageal, ovarian cancer will result in improved mortality. If that data develops over the next 5 years, it eventually gets adopted by us preventative services task force into regular cancer screening.
They are growing year on year but still losing money. Cash cushion until 28/29. Integrating into epic electronic health record and quest diagnostics.
Positive news next month >75% likelihood in my estimation. Big near term catalyst leading to approval over next 6 months, Medicare approval big future catalyst. Huge TAM, first mover advantage= big opportunity.
Critique or shitpost