• Grail's Galleri test, designed for early detection of over 50 cancer types from a single blood sample, is seeking FDA approval to broaden its accessibility.
• The company is actively working towards FDA premarket approval for Galleri, utilizing data from NHS-Galleri and PATHFINDER 2 studies, aiming for submission by 1H2026.
• Cost-cutting measures, including a 30% workforce reduction, aim to extend the company's cash runway and support the pursuit of Medicare coverage post-FDA approval.
• Galleri has already seen commercial success as a Laboratory Developed Test, with over 215,000 tests prescribed by 11,000 healthcare providers, highlighting its potential impact.