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Guardant Health (GH) investor relations material
Guardant Health Piper Sandler 37th Annual Healthcare Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Revenue targets and product mix
Targeting $2.2 billion in revenue by 2028, with oncology products contributing over 60% ($1.4 billion).
Oncology revenue expected to more than double in three years, driven by Guardant360, Tissue, and Reveal.
Biopharma projected to grow from $200 million to $300 million by 2028.
Screening segment (Shield) forecasted to reach $500 million and 25% of revenue by 2028, with 700,000 tests.
Growth drivers and product innovation
Guardant360 maintains 30% annual growth, now driven by increased orders per oncologist and smart app launches.
Reveal is the fastest-growing oncology product, with new indications planned.
Monitoring opportunities, such as SERENA-6 approval, could increase test frequency per patient.
Strong flywheel effect expected from therapy selection and monitoring cycles using Guardant360 and Reveal.
Reimbursement, pricing, and margins
Reveal's ASP targeted at $1,000 by 2028, up from $600–$700, driven by Medicare reimbursement for new indications.
Shield's ASP benefits from Medicare ADLT pricing at $1,495, with cost per test reduced below $500 and aiming for $200.
Long-term operating margins for Shield expected to exceed 20%, with gross margins across the portfolio targeted at 65–70% by 2028.
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