Biodesix

Biodesix

BDSX
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BDSX · Stock Price

USD 15.00+0.13 (+0.84%)
Market Cap: $151.6M

Historical price data

Market Cap: $151.6MPipeline: 3 drugs (1 Phase 3)Founded: 2005HQ: Boulder, United States

Overview

Biodesix is a publicly-traded diagnostic company with a mission to transform patient care through timely, personalized diagnostics, primarily in lung cancer. The company has successfully commercialized a suite of blood-based tests, including the FDA-cleared Nodify Lung® and GeneStrat® tests, which are supported by its proprietary AI-driven multi-omics platform and real-world Biodesix Lung Database®. Its strategy is twofold: expanding the clinical adoption of its diagnostic tests while capitalizing on its platform and operational expertise through a growing diagnostic development services business for life sciences partners.

OncologyRespiratory Medicine

Technology Platform

A proprietary, cloud-based platform integrating multi-omics data (proteomics and genomics), machine learning, and the real-world Biodesix Lung Database® to discover, develop, and validate diagnostic tests.

Pipeline

3
3 drugs in pipeline1 in Phase 3
DrugIndicationStageWatch
Erlotinib + DocetaxelCarcinoma, Non-Small-Cell LungPhase 3
Ficlatuzumab + CytarabineAcute Myeloid LeukemiaPhase 2
Ficlatuzumab + Erlotinib + placeboNon-small Cell Lung CancerPhase 2

Funding History

5
Total raised:$163M
IPO$85M
Series D$15M
Series C$15M
Series B$33M

Opportunities

The large, underserved market for non-invasive lung nodule risk stratification and the growing necessity of liquid biopsy in advanced lung cancer therapy selection present significant growth avenues.
Additionally, the trend toward companion diagnostics creates a substantial services opportunity with biopharma partners.

Risk Factors

Key risks include dependence on favorable and stable reimbursement from payers, intense competition from larger diagnostic companies, and the execution risk associated with driving widespread clinical adoption of its tests.
Its early-stage therapeutic pipeline also adds high-risk R&D expenditure.

Competitive Landscape

Biodesix competes with large liquid biopsy leaders (Guardant Health, Foundation Medicine/Roche) in therapy selection and with specialized diagnostic firms (Veracyte) in lung nodule assessment. Its differentiation lies in its integrated multi-omics approach, lung-focused real-world database, and dual diagnostic/services business model.

Company Timeline

2005Founded

Founded in Boulder, United States

2013Series B

Series B: $33.0M

2018Series D

Series D: $15.0M

2020IPO

IPO — $85.0M