financetom
Business
financetom
/
Business
/
Castle Biosciences Says FDA Granted Breakthrough Device Designation to Skin Cancer Test; Shares Up Pre-Bell
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Castle Biosciences Says FDA Granted Breakthrough Device Designation to Skin Cancer Test; Shares Up Pre-Bell
Jul 23, 2025 4:58 AM

07:31 AM EDT, 07/23/2025 (MT Newswires) -- Castle Biosciences ( CSTL ) said Wednesday the US Food and Drug Administration has granted breakthrough device designation for the company's DecisionDx-Melanoma test.

DecisionDx-Melanoma is a gene expression profile test that provides results to guide risk-aligned management decisions for patients diagnosed with stage I to III cutaneous melanoma, a type of skin cancer.

According to the company, the FDA grants breakthrough device designation to qualifying devices that may offer improved treatment or diagnosis of life-threatening or irreversibly debilitating diseases when compared with currently available alternatives.

Shares of Castle Biosciences ( CSTL ) rose more than 7% in pre-bell Wednesday.

Price: 17.50, Change: +1.18, Percent Change: +7.23

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Zeekr Boosts Margins, Slashes Losses As New Models Power Sales
Zeekr Boosts Margins, Slashes Losses As New Models Power Sales
Aug 14, 2025
ZEEKR Intelligent Technology ( ZK ) , a premium electric vehicle (EV) unit of Geely Auto, reported fiscal second-quarter results on Thursday. The company reported quarterly revenue of 27.43 billion Chinese yuan, representing a decrease of 0.9% year-on-year (Y/Y). In U.S. dollars, revenue totaled $3.83 billion. The revenue grew by 24.6% quarter-on-quarter (Q/Q). Also Read: China’s EV Sales Fall 5% in July as Discounts Ease, Nio...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Eve Holding Launches $230 Million Registered Direct Offering
Eve Holding Launches $230 Million Registered Direct Offering
Aug 14, 2025
08:00 AM EDT, 08/14/2025 (MT Newswires) -- Eve Holding ( EVEX ) said Thursday it has launched a capital raise through a registered direct offering of about 47.4 million shares priced at $4.85 each for gross proceeds of $230 million. The company said the subscription agreements were made with Brazilian Development Bank unit BNDESPAR, airplane maker Embraer, and other institutional...
More US companies skip lender consent to add on debt, Moody's says
More US companies skip lender consent to add on debt, Moody's says
Aug 14, 2025
Aug 14 (Reuters) - A growing number of U.S. companies are seeking more flexible covenants in their credit agreements to increase their debt loads while avoiding approvals from all their existing lenders, according to a new report by ratings agency Moody's Ratings. Moody's said in a report released on Thursday that U.S. corporate borrowers with weaker credit profiles were leaning...
Copyright 2023-2026 - www.financetom.com All Rights Reserved