Discover the immediate steps you need to take now. Shares have doubled from the $19 price set in the companys October 4 initial public offering, which raised $273 million. Thank you so much for joining us. Helmy was named to Fortune's 40 under 40 in 2017 and the San Francisco Business Times 40 under 40 in 2019, and was one of Time Magazine's 50 Most . Use tab to navigate through the menu items. We went from a $300,000 or $400,000 genome when a joined to a $1,000 genome when I left. Helmy is an entrepreneur and pioneer in the biotech industry. 2012, Eltoukhy e-mailed draft patent claims dated August 10, 2012 to his personal Gmail account from his Illumina work e-mail account. Helmy Eltoukhy has not been actively trading shares of Guardant Health during the last quarter. Weve taken a methodical approach to this vision of transforming cancer care across the continuum, including a blood test for the early detection of cancer. In our space, undergenotyping is such a significant challenge, whereby as many as 80% of cancer patients arent being tested for basic therapies that are indicated in guidelines. She went to another medical center to get a second opinion and the physician ordered our Guardant360 liquid biopsy test. 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. Learn More on Helmy Eltoukhy's salary. What are your 5 Things I Wish Someone Told Me Before I Started and why. The town of about 7,000 residents has now seen three sales of $24 million or more over the past month, when the second half of the Bay Areas autumn home-selling season typically starts and ends. Declaration Under UCCJEA. The company was founded by Helmy Eltoukhy, AmirAli H. Talasaz, and Michael Joseph Wiley in 2012 and is headquartered in Palo Alto, CA. ; Additional Info: Judicial Officer Padilla Jr., Rosendo Hearing Time 2:00 PM Cancel Reason Vacated, Declaration Regarding Service of. Cancellation and Refund Policy, Privacy Policy, and I shared the belief of many that applying ultra-high-scale DNA sequencing to the clinical markets could fundamentally and positively change the trajectory of many other patients healthcare odysseys. In June 2007, he co-founded Avantome Inc. to commercialize semiconductor sequencing to help speed up the democratization of high throughput DNA sequencing and served as Chief Executive Officer until its acquisition by Illumina in August 2008. But when a patient has already had cancer, and is testing for a possibility of recurrence, Helmy Eltoukhy, the co-founder of medical tech startup Guardant Health, believes that a blood test could . Most recently he bought 93,052 units of GH stock worth $2,449,129 on 14 March 2023. NEW YORK - A federal court has determined that Guardant Health CEO and Cofounder Helmy Eltoukhy deleted email evidence relevant to two patent infringement cases his firm has brought against competitors. The two researchers met as graduate students at Stanford in 2002 and then worked together at Illumina, the $40 billion (market cap) maker of DNA sequencing gear. He has focused on researching DNA sequencing to help lower cancer mortality rates. This case was filed in San Mateo County Superior Courts, Southern Branch Hall of Justice and Records located in San Mateo, California. 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). Freenome and Exact Sciences are also working on blood-based cancer detection tests. Additionally, Helmy Eltoukhy has had 1 past job as the Founder at Avantome. Richard Wall Lyman, former provost of Stanford University. - USA, CA - Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company, today announced Helmy Eltoukhy, CEO, and AmirAli Talasaz, President, now serving as co-CEOs and on the Board of Directors with Helmy Eltoukhy as Chairman. All Rights Reserved. Can you share with our readers what you think are the most important success habits or success mindsets? Helmy Eltoukhy Age : 43 Public asset : 74,599,752 USD Country of residence : Unknown Linked companies : Guardant Health, Inc. 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. so these systems make it harder to have Black Mirror scenarios, though dont get me wrong they can happen in healthcare too. Teacher Shot by 6-Year-Old Student Files $40 Million Lawsuit. DocketNotice of Reassignment for All Purposes. Helmy Eltoukhy is the Co-founder & CEO at Guardant Health. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. The estimated net worth of Helmy Eltoukhy is at least $51.23 million as of March 15th, 2023. Guardant was founded in 2013 by Helmy Eltoukhy (CEO) and AmirAli Talasaz (president), both 39. From left: Beth Seidenberg, Vijay Pande and Annie Lamont. The blood is full of pieces of DNA shed by cells. Biography of Helmy Eltoukhy Founder of Guardant Health, Inc. and Avantome, Inc., Helmy Eltoukhy currently is Chief Executive Officer & Director at Guardant Health, Inc. Guardant Health has 10 executives. Maximum number of positions allowed between matching words, https://support.trellis.law/boolean-operators, Memorandum of Points and Authorities in Support. Guardant Health has commercially launched liquid biopsy-based Guardant360, Guardant360 CDx, and GuardantOMNI tests for advanced stage cancer patients, and Guardant Reveal for early-stage cancer patients. The company was founded by Helmy Eltoukhy, AmirAli H. Talasaz, and Michael Joseph Wiley in 2012 and is headquartered in Palo Alto, CA. Once you do that, you need to make sure payers will cover the test. filed a(n) PURCHASE A LICENSE. The estimated Net Worth of Helmy Eltoukhy is at least $476 Million dollars as of 14 March 2023. Guardant Health cofounder and WIRED Health speaker Helmy Eltoukhy talks about the blood test that can monitor a tumour's DNA. He currently serves as the co-founder and CEO of Guardant Health, a healthcare company empowering comprehensive cancer management with a simple blood test. Healthcare is harder than one even imagines given the complexity of payments, care delivery, and all of the various stakeholders that control a piece of the ecosystem. At some point in the future, Guardant hopes a still-experimental test will be able to detect cancer in apparently healthy people before it is discovered, which B of A forecasts being worth another $18 billion. Now our Guardant360 CDx is the first FDA-approved comprehensive liquid biopsy for any solid tumor cancer, so in many ways that represents another tipping point in helping to increase adoption of this technology. This case was filed in San Mateo County Superior Courts, with Greenberg, Susan presiding. Interlayer Diffusion in InSb/GaSb Superlattice Structure Grown by Multitarget RF Sputtering, Surface Properties of Magnetic Rigid Disks for HighDensity Data Storage. Prior to founding our company, Dr. Eltoukhy held various positions at Illumina, Inc. from August 2008 to December 2012, including Senior Director of Advanced Technology Research, where he developed novel chemistries, hardware and informatics for genetic analysis systems. These blood tests, as a whole, are referred to by scientists as "liquid biopsies," because they replace surgeries to get samples of tumors. [8] After successfully selling Trimedia to Xidex Corp. in February 1986[9], he worked for Xidex as VP for Research and Development for a few years before he was hired by Nashua Corp to revive their disk storage business. Grail, spun out of Illumina, has announced promising results for its test, which is being testing in a 100,000-patient study. After receiving his PhD, MS and BS degrees in electrical engineering from Stanford University, he joined the Stanford Genome Technology Center (SGTC) as a postdoctoral fellow in 2006 to work on low-cost DNA sequencing technologies. at 55) And the Complaint asserts that when Eltoukhy left his employment at Illumina, he took various Illumina documents with him. Equality. Helmy Eltoukhy is the Co-CEO of Guardant Health Inc and owns about 2,049,238 shares of Guardant Health Inc (GH) stock worth over $48 Million . Can you please tell us a story about what brought you to this specific career path? For full print and download access, please subscribe at https://www.trellis.law/. Eltoukhys first company, Avantome, was acquired by Illumina for $60 million in 2008, one year after it was founded. I believe this is why I was drawn to the application of electrical engineering tools to elucidate biology and potentially improve human health. There are 14 older and 1 younger executives at Guardant Health Inc. It was this personal healthcare odyssey that led me to realize that physicians desperately need much more informative tools to be able to ask and answer the right questions regarding their patients. 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. Get notified the next time Helmy Eltoukhy buys or sells Guardant Health stock. in the jurisdiction of San Mateo County. Guardant Health Management Team 10 Team Members. Prior to founding Guardant, Dr. Eltoukhy held various positions at Illumina, Inc., or Illumina, from August 2008 to December 2012, including Senior Director of Advanced Technology Research, where he developed novel chemistries, hardware and informatics for genetic analysis systems. He previously co-founded Avantome, the first . Was there a tipping point that led you to this idea? ; Additional Info: Judicial Officer Cho Sharon K. Hearing Time 9:00 AM Cancel Reason Vacated Comment 2/27/23-3/10/23 5 DAY ESTIMATE. (Please share a story or example for each.). For example, even though colonoscopy, the standard screening modality for colon cancer, is effective, it is invasive, costly, and complicated so screening rates, while having improved, still remain low overall. And unlike those two submarkets, Atherton reported an average sales price increase from September to October, sitting at $10.6 million at the end of last month, MLSListings data show. Each owns shares in Guardant that are worth in excess of $200 million. In 2007, he co-founded Avantome to commercialize semiconductor sequencing to help speed up the democratization of high throughput DNA sequencing until its acquisition by Illumina in August 2008. We adopted a beachhead strategy starting where the greatest unmet medical need exists, so weve focused first on advanced cancer where this need exists, and where the DNA thats shed from a tumor into blood is easier to detect. Helmy Eltoukhy, Ph.D. is the co-founder of Guardant Health and has served as the companys Chief Executive Officer since January 2013. 241 Jobs. Guardant Health Location 3100 Hanover St, Palo Alto, California, 94304, United States Description Read More Industry He then spent three years in research director roles at Illumina. Eltoukhy met his wife, Fofa in 1974 and they got married in August 1975, just before they traveled to the United States to begin his PhD work at the University of Illinois in the Materials Science and Engineering Department. sputter induced micro-texturing enhancement for magnetic head structures. 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. How do you think this will change the world? On average, Helmy trades about 161,569 units every 53 days since 2018. In addition, he makes $914,906 as Chief Executive Officer and Director at Guardant Health Inc. Helmy has made over 24 trades of the Guardant Health Inc stock since 2019, according to the Form 4 filled with the SEC. Technology is Exponential, Humans are not. Eltoukhy Family Foundation - Nonprofit Explorer - ProPublica ELTOUKHY FAMILY FOUNDATION WOODSIDE, CA 94062-3654 | Tax-exempt since July 2002 EIN: 80-0014308 Classification ( NTEE ) Private. We certainly believed that our liquid biopsy could make a difference in patient care, but were surprised to discover all the unexpected ways it could. On average, Guardant Health Inc executives and independent directors trade stock every 7 days with the average trade being worth of $4,010,525. Benedict Evans. Since then, Guardant Healths liquid biopsy tests have been used by over 9,000 oncologists in over 150,000 samples to date. Mon, Jun 3 20192:58 PM EDT Meg Tirrell Top Videos VIDEO. Can you tell us that story? Learn More on Guardant Health's active insiders. Guardant Health, Inc. is a precision oncology company engaged in the treatment of cancer through the use of proprietary blood-based tests, vast data sets, and advanced analytics. Guardant Health Inc. 3100 Hanover Street Palo Alto,. Right now, Guardant says, its tests can detect cancer DNA at levels as low as 0.02% of the total amount of DNA in a patients blood. BY Lucy Brewster. The U.S. Preventive Services Task Force recommends all adults over 50 get screened for colon cancer, but currently only 69% of adults comply with these guidelines. a method of forming an isotropic texture having a selected summit density and surface roughness in a selected inner-diameter annular zone of a thin-film medium substrate having a polished metal coating on the substrate. It has raised $1.6 billion, according to Pitchbook. The test came back with genomic mutations that were not consistent with pancreatic cancer, so her physician ran a few more tests. More than 99% of his 2020 pay package is made up of equity awards that depend on Guardant's stock . I am grateful for his trusted partnership in positioning Guardant Health for long . Named as aWorld Economic ForumTechnology Pioneer and to Fierce Biotech's Fierce 15 list. There are barriers to traditional standard-of-care testing and screening modalities that a simple blood test, which is easier, faster, and less invasive, can help overcome. San Mateo County Insiders at Guardant Health own 5.9% of the company. Which principles or philosophies have guided your life? Growth and Electrical Properties of SputterDeposited SingleCrystal GaSb Films on GaAs Substrates. Cancer being a disease of the genome made it an area where DNA . Talasaz went to Stanford in 2001, earned a Ph.D. at there in 2007, and worked in Davis center until 2009, when he founded Auriphex Biosciences, a company that developed new ways of isolating stray cancer cells from the blood. Acquired by Illumina in 2008, Avantome was founded to develop and commercialize semiconductor-based DNA sequencing, during the race for the $1,000 genome. Helmy Eltoukhy adds, "I also wish Derek Bertocci the very best as he takes on this next chapter of his life. OVERVIEW 1. 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. PALO ALTO, Calif., (BUSINESS WIRE) -- Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company, announced today that it will present data. This chart shows Helmy Eltoukhy's buying and selling at Guardant Health by year and by quarter. Divorce,Separation - Now in 2021, we are bringing our vision to fruition with earlier stage cancer. More specifically, it states that Eltoukhy appropriated And the best part of all, documents in their CrowdSourced Library are FREE! Liquid biopsy has been around since the 1950s. Eltoukhy has also authored many patents and publications in semiconductor and magnetic thin film technology. 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. Helmy Eltoukhy. Guardant was founded in 2013 by Helmy Eltoukhy (CEO) and AmirAli Talasaz (president), both 39. We first launched our liquid biopsy back in 2014. ; Additional Info: Judicial Officer Cho Sharon K. Hearing Time 9:00 AM Cancel Reason Vacated Comment 2/27/23-3/10/23 5 DAY ESTIMATE, Financial info for ELTOUKHY, HELMY; eFile Online Payment Receipt # 2023-005493-HOJ ELTOUKHY, HELMY $20.00, Financial info for ELTOUKHY, HELMY; Transaction Assessment $20.00, Stipulation. During his doctoral studies and at the SGTC, he developed the first semiconductor sequencing platform and first base-calling algorithm for next-generation sequencing under several NIH National Human Genome Research Institute grants. degrees in electrical engineering from Stanford University. Guardants first product, Guardant360, looked at mutations in 54 genes. Helmy Eltoukhy has been working as a Chairman & Co-Chief Executive Officer at Guardant Health for 10 years. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Following the completion of the transaction, the chief executive officer now directly owns 2,049,238 shares of the company's stock, valued at $53,587,573.70. We will email you when the process is complete. Consequently, in the mid 1990s, he co-founded two registered investment entities in San Francisco: Aurum Capital Management,[27] an investment advisory firm, and Aurum Securities, a broker-dealer. . For diagnostics, including a blood test that detects cancer early, the reality is you need all of these things to show the necessary healthcare benefit and achieve widespread adoption. As CEO of the company, he helped raise more than $2.5 billion in funding for the company and took it public in October 2018. IonBombardmentEnhanced Diffusion During the Growth of Sputtered Superlattice Thin Films. Its second was helping cancer patients, not through a blood test but by sequencing the genetic material from tumor biopsies in order to pick medicines for patients whose disease had spread and resisted standard treatmentsa market pioneered by Foundation Medicine, which is now part of Roche. Each. ) price set in the companys Chief Executive Officer at Guardant Inc.... According to Pitchbook 20192:58 PM EDT Meg Tirrell Top Videos VIDEO why was! Number of positions allowed between matching words, https: //www.trellis.law/ shares of Guardant Health and served... 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