Back to top

Analyst Blog

Dako, an Agilent Technologies (A - Analyst Report) subsidiary, received U.S. Food and Drug Administration (FDA) approval for its newly-launched IQISH technology in the U.S.

The technology from Dako greatly speeds up the evaluation of cancer cells to determine suitable treatment. The entire process now takes just three and a half hours, a great improvement over the two days it took previously. This allows doctors to start treatment as soon as possible.          

Agilent had acquired the Danish cancer diagnostics company, Dako, for $2.2 billion (on a debt-free basis) last year. Dako provides antibodies, scientific instruments and software mainly to cancer-related diagnostic labs and collaborates with drug companies for the development of methods to identify patients likely to benefit from certain therapies.

Dako has collaborated with other pharmaceutical giants such as Eli Lilly and Co. (LLY - Analyst Report) and Pfizer Inc. (PFE - Analyst Report) for developing technologies in the field of companion diagnostics to detect cancer. Thus, with these collaborations and the FDA approval for its IQISH technology, Agilent’s unit may help the ongoing research in companion diagnostics; thus improving the diagnostic process as a whole.

Agilent’s revenues in the third quarter were flat sequentially and up 1.9% year over year, short of management’s expectations of a 2-3% sequential increase ($1.77 billion to $1.79 billion). The newly-added Diagnostics and Genomics segment accounted for 9.0% of revenues in the last quarter, up 47.2% sequentially.

Currently, Agilent Technologies has a Zacks Rank #3 (Hold). Another test equipment company, National Instruments Corp. (NATI - Snapshot Report), has a Zacks Rank #1, and is thus also worth considering.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
STRATTEC SE… STRT 80.24 +3.00%
PATTERSON-U… PTEN 34.54 +2.98%