Caris Expands PTEN IHC Testing After Biomarker Therapy FDA Approval
Positive early read on CAI's testing volumes and recurring revenue from in-house PTEN IHC; potential uplift if reimbursement is favorable and adoption accelerates.
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Positive early read on CAI's testing volumes and recurring revenue from in-house PTEN IHC; potential uplift if reimbursement is favorable and adoption accelerates.
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Caris Life Sciences will provide in-house PTEN IHC testing following the FDA approval of capivasertib with abiraterone and prednisone for PTEN-deficient mAPMN/S prostate cancer. With PTEN deficiency in about 25% of these cancers, this expands biomarker-driven therapy opportunities and could lift Caris’ testing demand and revenue as oncologists adopt faster, biomarker-based decisions.
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