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Exact Sciences Plans Layoffs as It Acquires Rights to Cancer Screening Blood Test

UNITED STATES, AUG 6 – Exact Sciences will commercialize Freenome's blood test in the U.S. to improve early colorectal cancer detection, with potential payments up to $885 million tied to regulatory and screening milestones.

The layoffs come despite CEO Kevin Conroy telling investors the company had just completed an “unbelievable quarter” for the second time in a row with higher revenue than initially projected.

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Montana StandardMontana Standard
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Freenome Announces Exclusive License Agreement with Exact Sciences to Commercialize Freenome's Blood-Based Screening Test for Colorectal Cancer

– Deal worth up to $885 million based on achievement of certain regulatory and screening guideline milestones –

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Business Wire broke the news in Crystal River, United States on Wednesday, August 6, 2025.
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