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Exact Sciences

After the merger closes, the combined company will be split into four units focused on Cologuard, Oncotype Dx, international business, and pipeline efforts.

The Voyage study is designed to enroll more than 150,000 people and will follow participants for at least seven years.

The FDA gave the nod to Shenzhen Bioeasy Biotechnology for two lateral flow immunoassays that provide preliminary results in detecting marijuana in urine. 

Of the 29 companies in the index, 16 firms' share prices retreated while the other 13 saw their stock prices rise month over month.

The agency has approved the use of Exact's Cologuard test for average-risk individuals aged 45 and older.

The study said that Cologuard was an "inefficient screening option" for colorectal cancer given its cost as compared to other CRC screening methods.

Of the 27 companies in the index, 12 firms' share prices retreated last month, 14 companies' stocks increased, and one firm's share value was flat.

Financial analysts seemed convinced of the long-term advantages of the deal but noted that investors may remain skeptical in the near term.

The company's total revenues were $114.1 million compared with $95.6 million in the same quarter last year, beating analysts' expectations.

Exact said it will pay $72 per share for Genomic Health for a total transaction price of $2.8 billion in cash and stock.

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