5 Genetic Testing Stocks (Updated 2023)

Market cap: US$25.33 billion

First on this genetic testing stocks list is Illumina. Illumina develops, manufactures and markets life science tools and integrated systems that enable the implementation of genomic solutions for the healthcare sector; its focus is on oncology testing, genetic disease testing, reproductive health and research. Last year, the company partnered with AstraZeneca (NASDAQ:AZN) on a drug discovery project that harnesses the power of artificial intelligence technology.

In April of this year, Illumina joined the Henry Ford Health System to develop whole-genome testing for cardiovascular disease, similar to the testing in place for certain cancers. The data could enhance personalized medicine via faster diagnosis and more precise treatment plans for individual patients.

Market cap: US$18.15 billion

Hologic is a medical technology company that specializes in medical devices for diagnostics, surgery and medical imaging, with a focus on women’s health.

Hologic’s Breast Cancer Index is a molecular gene expression-based test that helps to inform physicians’ treatment decisions for patients with early stage, hormone-receptive breast cancer in order to rule out unnecessary treatment options that may have significant side effects and safety challenges. This laboratory-developed test is the only validated, commercially available test that predicts the likelihood of benefit from extended endocrine therapy, according to the company.

Market cap: US$14.85 billion

Exact Sciences focuses on molecular diagnostic tests. The company has developed a molecular screening technology platform called Cologuard that detects a range of cancers, including breast cancer and colorectal cancer. A positive result from Cologuard can mean that colorectal cancer or advanced adenoma is present, which means a diagnostic colonoscopy should be done so that healthcare professionals can detect the disease. Cologuard is geared towards patients over the age of 45 who have an average risk of colorectal cancer.

Exact Sciences’ technology portfolio also includes the Oncotype DX test for breast cancer recurrence.

Market cap: US$11.94 billion

Next up on this genetic testing stocks list is global life science firm Bio-Techne, which develops, manufactures and sells life science reagents, diagnostic instruments and bioprocessing services for research and clinical applications, including drug discovery. The global life science firm’s family of brands includes R&D Systems, ProteinSimple and Novus Biologicals.

Bio-Techne’s Advanced Cell Diagnostics-branded RNAscope in-situ hybridization portfolio includes new automated co-detection assays that are specifically designed for Roche’s (OTC Pink:RHHBY,SWX:ROG) Discovery Ultra Platform, allowing for the simultaneous detection of RNA and protein on the same tissue section.

Market cap: US$10.77 billion

Bio-Rad Laboratories develops, manufactures and markets specialized life science technology for research and clinical diagnostics markets. The company’s portfolio of products include instruments, software, consumables, reagents and content for a wide range of life science market segments, including cell biology, gene expression, protein quantitation and drug discovery and manufacturing.

Bio-Rad acquired Curiosity Diagnostics in August 2022 for US$170 million. Curiosity Diagnostics is working to develop a sample-to-answer, rapid-diagnostic PCR system for the molecular diagnostics market. In early 2023, the company partnered with Element Biosciences on RNA sequencing and profiling that combines both companies’ technologies for more efficient, cost-effective and reliable testing.