Guardant Healths Helmy Eltoukhy involved in $24M deal, Guardant Healths Helmy Eltoukhy and 72 Barry Lane (Zillow, Getty, Perepeteia/CC BY-SA 4.0/via Wikimedia Commons). Fred Swaniker, co-founder of African Leadership Academy, CEO and co-founder of African Leadership University. After receiving his PhD, MS and BS degrees in electrical engineering from Stanford University, he joined the Stanford Genome Technology Center (SGTC) as a post-doctoral fellow in 2006 to work on low-cost DNA sequencing technologies. The six-bed, seven-bath estate at 72 Barry Lane was completed in 2015 by homebuilder Pacific Peninsula Group, which sold one of its other Atherton projects last month for $24 million. (Photo by Taylor Hill/Getty Images) Embed. You have the added complexities of proving the clinical utility of your test to improve healthcare outcomes. Petition for Dissolution of Marriage/Domestic Partnership. Mr. Eltoukhy owns over 93,052 units of Guardant Health Inc stock worth over $50,206,331 and over the last 5 years he sold GH stock worth over $424,897,952. Over the last few years, we have made tremendous progress with payer coverage and have 200 million Americans covered for Guardant360, but there are is still more work to do until every individual is covered for the test. Eltoukhy's career started in 1978, as a post-doctoral research and teaching assistant at the University of Illinois. Learn More about Helmy Eltoukhy's net worth. Learn More on Guardant Health's active insiders. The method has drawn plenty of interest -- and capital -- despite initial skepticism. That will be a competitive landscape. She went to another medical center to get a second opinion and the physician ordered our Guardant360 liquid biopsy test. He moved to Cairo in 1969 and obtained a BS degree from Cairo University School of Engineering in 1973. Lets now move to the main focus of our interview. This bloody company is already worth $3.3 billion. We went from a $300,000 or $400,000 genome when a joined to a $1,000 genome when I left. MOUNTAIN VIEW, CALIFORNIA - NOVEMBER 03: Helmy Eltoukhy and Carson Eltoukhy attend the 2020 Breakthrough Prize Ceremony at NASA Ames Research Center on November 03, 2019 in Mountain View, California. About half of San Mateo Countys 27 submarkets, including Atherton, saw single-family sales volume drop from September to October, according to MLSListings data. Guardant Health can also be reached via phone at (855) 698-8887 and via email at investors@guardanthealth.com. Guardant Health Co-founder & CEO 2013 Board and Advisor Roles Number of Current Board & Advisor Roles 1 Helmy Eltoukhy is the Board Member at Guardant Health. in the jurisdiction of San Mateo County. . The Inception Overview. Growth and Electrical Properties of SputterDeposited SingleCrystal GaSb Films on GaAs Substrates. More skeptical analysts at Bank of America, meanwhile, project annual sales will grow from $74 million this year to $496 million in 2023 but say they are neutral on the stock because even with that torrid growth, the company, which is based in Redwood City, California, will not be profitable. Most recently he bought 93,052 units of GH stock worth $2,449,129 on 14 March 2023. Sell-side analysts at Cowen, Leerink Partners, J.P. Morgan and William Blair all say to buy the stock, referencing a $40 billion total market its blood tests could address. What do you need to lead this idea to widespread adoption? You can follow me on Twitter at @Helmy_L2K and you can follow Guardant Health on LinkedIn and Twitter at @GuardantHealth. FORTUNE may receive compensation for some links to products and services on this website. As a doctoral student and postdoctoral fellow at the Stanford Genome Technology Center, I worked on low-cost DNA sequencing technologies that led to my co-founding of Avantome. Helmy is an entrepreneur and pioneer in the biotech industry. An AUC Trustee, Eltoukhy is an Egyptian-American entrepreneur, former University of Southern California professor, scientist and the Founder and Chairman of Aurum Capital Management, an investment management firm. Named as aWorld Economic ForumTechnology Pioneer and to Fierce Biotech's Fierce 15 list. Helmy Eltoukhy is the Co-founder & CEO at Guardant Health. Helmy Eltoukhy is co-founder and CEO of Guardant Health, which provides the leading genomic blood test for advanced cancer. Courtesy of Seidenberg . Mon, Jun 3 20192:58 PM EDT Meg Tirrell Top Videos VIDEO. From left: Beth Seidenberg, Vijay Pande and Annie Lamont. AIR INTERNATIONAL (US) INC. vs BYTON NORTH AMERICA CORPORATION, Bradley Garlinghouse vs. Kristen Mautner Garlinghouse. Learn More on Helmy Eltoukhy's trading history. Helmy Eltoukhy, Ph.D. is the co-founder and chairman of the board of directors for Guardant Health and has served as the company's Co-Chief Executive Officer since August 2021. As Fentanyl Deaths In Youth Rise, Will Digital Health Solutions Find Quicker Adaptation? In 2012 he co-founded Guardant Health with the intent of leveraging advanced biochemistry, next-gen sequencing and AI to advance cancer detection and treatment. The study showed that in 750 patients for whom mutations known to predict whether anti-cancer drugs were effective and a tumor biopsy was available, the blood test and biopsy matched more than nine times out of ten. This was very inspirational. Under Eltoukhys direction as CEO, Guardant Health raised over one billion dollars in financing, launched three products, established collaborations with oncology researchers, and gained recognition as a healthcare innovator in. Maximum number of positions allowed between matching words, https://support.trellis.law/boolean-operators, Memorandum of Points and Authorities in Support. You may opt-out by. The co-founder of startups Avantome and Guardant Health, Eltoukhy was named to Time (magazine) 's inaugural 50 Most Influential People in Healthcare (2018) and Fortune's 40 under 40 (2017). Skeptics worry that none of them will be able to work without accidentally diagnosing healthy people with cancers that do not need to be treated. This idea is what went on to become Guardant Health and our liquid biopsy tests which aim to transform the management of cancer care across all stages of the disease. Equality. We will email you when the process is complete. Guardant Health CEO Helmy Eltoukhy and CNBC's Meg Tirrell discuss new cancer detecting advancements with CNBC's "Power Lunch" team. 2020-10-22, Santa Clara County Superior Courts | Family | ; Additional Info: Comment Uniform Child Custody Jurisdiction & Enforcement Act. Nathaniel Gage, pioneer in the scientific understanding of teaching. Last year our Guardant360 CDx test became the first FDA-approved comprehensive liquid biopsy for any advanced solid cancer, helping to overcome remaining skepticism about the technology and help set the stage for earlier cancer detection. Scaling applies to people, not just companies one has to keep learning new skills, on and off the job, to be able to continue adding value to hyper-scaling companies. Insiders at Guardant Health own 5.9% of the company. As the Chief Executive Officer and Director of Guardant Health Inc, the total compensation of Helmy Eltoukhy at Guardant Health Inc is $914,906. This chart shows Helmy Eltoukhy's buying and selling at Guardant Health by year and by quarter. Market research is often dominated by early adopters, which can lead to complex products that dont resonate with 80% of users. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Helmy Eltoukhy is CEO of leading precision oncology company Guardant Health, which he cofounded with AmirAli Talasaz over 8 years ago. The test came back with genomic mutations that were not consistent with pancreatic cancer, so her physician ran a few more tests. This meant she was now a candidate for a common ovarian cancer chemotherapy. There are 2 executives at Guardant Health Inc getting paid more, with MichaelWiley having the highest compensation of $2,216,070. Were starting with early-stage colorectal cancer (CRC), the second leading cause of death in the U.S. and a disease where an estimated 1030% of early-stage patients recur within five years. 2020-02-26. degrees in electrical engineering from Stanford University. Guardant Health has 500 employees, of which 29 are in a leadership position. Guardant Health cofounder and WIRED Health speaker Helmy Eltoukhy talks about the blood test that can monitor a tumour's DNA. Our companys first blood test, or liquid biopsy, for use with advanced cancer patients, is easier, faster, and less invasive than traditional tissue biopsy, revealing the genomic mutations of a patients cancer to inform precision medicine, an increasingly essential branch of therapy that can be more effective and less toxic than traditional one size fits all chemotherapy or immunotherapy. Guardant Health has 10 executives. Guardant Health's current Chief Executive Officer is Helmy Eltoukhy. Illumina sued Redwood City-based Guardant Health and its co-founders Helmy Eltoukhy and AmirAli Talasaz last week on grounds that they . Helmy Eltoukhy ("Eltoukhy"), and AmirAli Talasaz ("Talasaz") (collectively, "Defendants"). This case was filed in San Mateo County Superior Courts, Southern Branch Hall of Justice and Records located in San Mateo, California. You can see the complete history of Mr. Eltoukhy stock trades at the bottom of the page. This story highlights that sometimes just a little bit of additional information is all thats needed to make a life-changing difference in the trajectory of a patients journey. Getting these 80% of patients tested would result in significant savings to the healthcare system and much better overall survival for cancer patients. The blood is full of pieces of DNA shed by cells. Learn More about insider trades at Guardant Health. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. 2020-09-29, Santa Clara County Superior Courts | Family | 03/21/23; Press Release; This dedication to patients also guides how we think of social responsibility more broadly as a company, and for example, helped lead us to our next-generation sequencing based COVID-19 test which we developed to help during the pandemic, given our expertise, and we are now offering the test to select schools and underserved communities. This requires conducting the necessary clinical trials, amassing evidence, regulatory approvals, reimbursement, coverage, and so on. Having dedicated myself to the cancer care space, like so many of my colleagues here at Guardant Health, I think this principle of putting the patient first has truly helped guide me in my life and career. We are launching the worlds first blood-only liquid biopsy test for residual disease and recurrence monitoring, Guardant Reveal, allowing oncologists to identify early-stage patients at high risk of recurrence who may benefit from adjuvant therapy, and who may benefit from continued monitoring to detect recurrent disease months earlier than current standard of care. Yet the 10 percent decline in Atherton wasnt as severe as in Woodside and Hillsborough, two other affluent enclaves in the county where sales volume plummeted by more than half during that time, the data show. Eltoukhys LLC closed on it on Nov. 4, according to public records. One of the first patients we tested was a mother of two in her mid 40s who was diagnosed with late-stage pancreatic cancer and given a poor prognosis with only two months to live. Was there a tipping point that led you to this idea? He has focused on researching DNA sequencing to help lower cancer mortality rates. 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