NeoGenomics

NeoGenomics

NEO
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NEO · Stock Price

USD 9.07+1.02 (+12.67%)
Market Cap: $1.1B

Historical price data

Market Cap: $1.1BPatents: 20Founded: 1999Employees: Approximately 2,200HQ: Fort Myers, United States

Overview

NeoGenomics is a mission-driven company focused on transforming cancer care through advanced diagnostic testing and data solutions. Its core strategy leverages a comprehensive, multi-modal testing platform and one of the largest proprietary oncology genomic databases to serve healthcare providers, biopharma partners, and patients. With annual volumes exceeding 1.7 million tests and a growing emphasis on MRD detection and data services, the company is positioned at the intersection of diagnostics and real-world evidence in the expanding precision medicine market.

Oncology

Technology Platform

An integrated, multi-modal oncology diagnostics platform combining next-generation sequencing (NGS), liquid biopsy (RaDaR®), traditional methodologies (IHC, FISH, flow cytometry), and a proprietary real-world genomic database of over 2 million patient profiles.

Funding History

4
Total raised:$105M
PIPE$100M
IPOUndisclosed
Series A$5M
SeedUndisclosed

Opportunities

The expanding mandate for biomarker testing in oncology, the paradigm shift towards minimal residual disease (MRD) monitoring, and the growing value of real-world evidence for drug development create significant tailwinds.
NeoGenomics' integrated testing and data platform is uniquely positioned to capitalize on these trends.

Risk Factors

Key risks include ongoing reimbursement pressure from payers, intense competition from larger reference labs and specialized players, execution risk in commercializing new assays like RaDaR ST, and regulatory changes affecting laboratory-developed tests (LDTs).

Competitive Landscape

NeoGenomics competes with large reference labs (Quest, LabCorp), specialized oncology diagnostics leaders (Foundation Medicine/Roche, Guardant Health), and academic medical centers. Its differentiation lies in its multi-modal breadth, established provider network, and integrated data asset from over 2 million patient profiles.

Company Timeline

1999Founded

Founded in Fort Myers, United States

2001Series A

Series A: $5.0M

2011IPO

Initial Public Offering

2020PIPE

PIPE: $100.0M