Guardant Health stock plunges, Exact Sciences stock soars after colorectal-cancer test study results

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Guardant Health stock plunges, Exact Sciences stock soars after colorectal-cancer test study results
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Shares of Guardant Health Inc. undefined tanked 40% and shares of Exact Sciences Corp. undefined rallied more than 25% in the extended session Thursday after...

Shares of Guardant Health Inc. tanked 40% and shares of Exact Sciences Corp. rallied more than 25% in the extended session Thursday after Guardant announced results from a study using its blood test to screen for colorectal cancer that didn't appear to surpass Exact Sciences' stool-sample screening test.

rallied more than 25% in the extended session Thursday after Guardant announced results from a study using its blood test to screen for colorectal cancer that didn't appear to surpass Exact Sciences' stool-sample screening test. Guardant said that the results"pave the way for first potential FDA-approved and Medicare-reimbursed blood test for colorectal cancer screening," and that it plans to ask for U.S. Food and Drug Administration approval in early 2023.

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