Exact Sciences' Cologuard 2.0 trial results fail to sustain stock gains.
Originally Published 2 years ago — by Investor's Business Daily
Exact Sciences' next-generation Cologuard, a stool-based test for colon cancer, outperformed the original test in a study of 20,000 people, with 94% sensitivity and 91% specificity. The company plans to file for approval of the new test by the end of the year. Despite the positive results, Exact Sciences' stock pulled back 4.8% at the close, settling at 89.78. However, the stock has risen 207% from its recent low point in late October.