Shares of Invitae rose over 25% this week, a sharp move higher that came after Ark Invest's Cathie Wood called the company one of her most underappreciated stocks in a CNBC interview on Monday.

Invitae was the 11th-largest holding in Wood's flagship fund, the Ark Innovation ETF (ARKK), as of Thursday, giving it a weighting larger than better-known companies such as DocuSign and PayPal.

The closely watched investor and her firm are known for their strategy of investing around "disruptive innovation," and a strong performance last year has caused billions of new dollars to flow into Ark's family of funds.

In a CNBC interview Friday, the CEO of Invitae explained the genetic-testing company's mission and long-term goals, offering insight into why Wood is bullish on its prospects.

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