GRAIL (GRAL) Study result summary
Event summary combining transcript, slides, and related documents.
Study result summary
5 Jun, 2026Study design and scope
NHS-Galleri was the first randomized controlled trial of an MCED, enrolling over 142,000 participants aged 50–77 in England, randomized 1:1 to Galleri plus standard care or standard care only, with three annual screening rounds and ongoing follow-up.
PATHFINDER 2, the largest interventional MCED study in North America, enrolled about 36,000 participants aged 50+ from 32 healthcare systems, with up to three years of follow-up.
Key endpoints and findings
The primary endpoint in NHS-Galleri was reduction in combined stage III/IV cancers for 12 deadly cancers; secondary endpoints included reduction in stage IV cancers, increase in stage I/II cancers, test performance, and safety.
NHS-Galleri showed a >20% reduction in stage IV cancers in incident rounds, a 16% increase in stage I/II cancers, and a 21% reduction in clinically detected cancers.
Fourfold increase in screen-detected cancers and >25% reduction in emergency-presenting cancers were observed with MCED addition.
No statistically significant reduction in combined stage III/IV diagnoses for the 12 cancers in the primary endpoint, partly due to prevalent late-stage cancers in the first round.
Test performance and safety
Galleri's PPV was 52% overall (58% in the first round), specificity 99.55%, false positive rate 0.45%, and NPV nearly 99%.
Cancer Signal of Origin accuracy was 92.5%; episode sensitivity 54.7% for the 12 deadly cancers.
Most diagnostic procedures following a positive test were non-invasive, and invasive procedures were more common in participants with cancer.
No serious study-related adverse events were reported, confirming a strong safety profile.
Latest events from GRAIL
- Significant growth, clinical validation, and regulatory milestones position the test for broader adoption.GRAL
Canaccord Genuity's 46th Annual Growth Conference - Q2 2026 revenue rose 26% to $44.7M, Galleri test volume up 35%, net loss improved 3%.GRAL
Q2 2026 - Directors and auditor ratified; no shareholder questions addressed during the meeting.GRAL
AGM 2026 - RCT data show major stage shift and reduced ER visits, supporting broad adoption and coverage.GRAL
Goldman Sachs 47th Annual Global Healthcare Conference 2026 - Early-stage cancer detection advances and robust growth position for broader adoption post-FDA review.GRAL
Jefferies Global Healthcare Conference 2026 - Q3 revenue up 38% YoY, Galleri sales surged 52%, restructuring extends cash runway to 2028.GRAL
Q3 2024 - Q2 revenue up 43% year-over-year; $1.42B impairment drives $1.59B net loss and restructuring.GRAL
Q2 2024 - Q1 revenue up 19%, net loss halved, and Galleri test growth supported by positive trial data.GRAL
Q1 2025 - Revenue up 45% in 2024, TRICARE and Quest expand access, cash runway to 2028.GRAL
Q4 2024