Tempus AI jumps on FDA clearance of RNA-based testing tech

Shares of Tempus AI, an AI-powered medical diagnostics company, jumped on news that the FDA has granted 501(k) clearance for its Tempus xR IVD device.

The RNA sequencing tool allows doctors to tailor therapies for cancer patients.

“As new therapeutics tied to RNA biomarkers enter the market, we believe that this assay will become even more critical for personalized treatments for patients with cancer,” Tempus Chief Scientific Officer Kate Sasser, Ph.D., said in a press release.

Go Deeper: Read Sherwood News’ interview with Tempus AI CEO Eric Lefkofsky

Tempus Receives U.S. FDA 510(k) Clearance for Tempus xR IVD, its RNA NGS In Vitro Diagnostic Device | Tempus AI

Go Deeper: Read Sherwood News’ interview with Tempus AI CEO Eric Lefkofsky

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SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

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