Financial PerformanceAdaptive Biotechnologies reported revenues above consensus, driven by strong MRD revenues and clonoSEQ volume growth.
Market MomentumShares of ADPT have outperformed nearly every other name in the sector and are up +107% YTD.
Revenue GrowthRevenues grew 36% and were 19% ahead of expectations, indicating strong business performance.
Strategic FlexibilityThe termination of the agreement with Genentech will be effective on February 9, 2026, after which ADPT will no longer be bound by any exclusivity obligations related to cell therapies in oncology.