Caris Life Sciences

Caris Life Sciences

CAI
United States· Est.
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CAI · Stock Price

USD 19.13-8.87 (-31.68%)
Market Cap: $5.5B

Historical price data

Overview

Caris Life Sciences, founded in 2008, is a precision oncology pioneer with a mission to improve the human condition through molecular science and artificial intelligence. The company has achieved significant scale, having processed over 1 million cases and built one of the world's largest multimodal databases of matched molecular and clinical outcomes data. Its strategy revolves around serving the full cancer care continuum—from detection to therapy selection and monitoring—for patients and physicians, while also providing critical translational medicine and real-world evidence services to biopharma companies to accelerate drug development.

Oncology

Technology Platform

Molecular Intelligence® platform combining comprehensive multimodal molecular profiling (Whole Exome, Whole Transcriptome, Proteomics) with a massive, matched molecular-clinical database and sophisticated AI/ML algorithms to generate predictive insights for cancer care.

Pipeline

2
2 drugs in pipeline
DrugIndicationStageWatch
Debio 1347Solid TumorPhase 2
Standard of Care Second Line TherapyMetastatic Pancreatic CancerPhase 2

Funding History

5
Total raised:$685M
IPO$200M
Series D$310M
Series C$100M
Series B$50M

Opportunities

Caris is positioned to capitalize on the global shift to precision oncology, with significant opportunities in the expanding liquid biopsy market, the growing demand for real-world data and biomarker services from biopharma, and the ability to serve the entire cancer care continuum from detection to monitoring.

Risk Factors

Key risks include reimbursement pressures for comprehensive diagnostic tests, intense competition from well-funded rivals like Foundation Medicine and Guardant Health, and the ongoing need to generate robust clinical utility data to drive widespread physician adoption.

Competitive Landscape

Caris competes with Foundation Medicine (Roche) in tissue-based comprehensive profiling, Guardant Health in liquid biopsy, and Tempus in AI-driven oncology data. Its differentiation lies in its multimodal data integration (DNA+RNA+protein), proprietary cNAS liquid biopsy tech, and one of the world's largest matched molecular-clinical databases.