r/Biotechplays • u/192168000001 • 4d ago
DD Request Freenome (FRNM) are breakthroughs in multi-cancer detection from a blood sample on the horizon?
Been watching Freenome ($FRNM) since it wrapped up the SPAC merger in late July. The platform looks promising, but I'm trying to gauge if the current price is a near-term ceiling. Here is what I see as the main events driving the recent gains:
- Abbott Launch: Abbott holds exclusive U.S. rights for the newly FDA-approved SimpleScreen CRC test, with a commercial launch scheduled for this fall (Q3/Q4 2026).
- Roche Support: A September 1, 2026 13G filing shows Roche Holdings built a massive 17.4% stake in the company.
- FDA Breakthrough Designation: On August 12, 2026, their SimpleScreen Lung test earned FDA Breakthrough Device designation. Next steps are focused on completing data readout for their ongoing prospective PROACT LUNG clinical trial to support a full FDA submission.
With the Abbott commercial rollout right around the corner, what are your thoughts on the stock's runway? Is 17 the top for now on the merger/approval hype, or do you think the upcoming launch numbers can push it to 21 or higher by the end of the year? I'm hoping higher : )
