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Bionano Announces Publication of Largest Prospective Prenatal Study Comparing OGM to Chromosomal Microarray Analysis and Karyotyping

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Bionano Genomics, Inc. (Nasdaq: BNGO) announced the results of a prospective prenatal study comparing optical genome mapping (OGM) to a combined workflow of chromosomal microarray analysis (CMA) and karyotyping (KT). OGM detected pathogenic structural variants in 20.5% of samples, outperforming CMA and KT in sensitivity, specificity, and positive predictive value. The study also revealed OGM's ability to identify novel pathogenic structural variants missed by traditional methods, showcasing its potential in prenatal diagnostics.
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  • OGM detected pathogenic structural variants in 20.5% of samples, outperforming CMA and KT in sensitivity, specificity, and positive predictive value.
  • OGM's ability to identify novel pathogenic structural variants missed by traditional methods, showcasing its potential in prenatal diagnostics.
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  • None.

The recent publication detailing the prospective prenatal study by Bionano Genomics, which compares optical genome mapping (OGM) to the standard combined workflow of chromosomal microarray analysis (CMA) and karyotyping (KT), has significant implications for the field of genetic diagnostics and prenatal testing. The reported sensitivity and specificity rates of OGM, at 97.4% and 100% respectively, suggest a high level of accuracy in detecting pathogenic structural variants (SVs), with a positive predictive value (PPV) and negative predictive value (NPV) of 100% and 99.4%. These metrics are crucial for assessing the reliability of diagnostic tests, with PPV indicating the likelihood that a positive test result reflects the presence of a disease and NPV indicating the likelihood that a negative test result means the absence of a disease.

The ability of OGM to further characterize eight copy number variants (CNVs) and identify D4Z4 repeat contractions associated with facioscapulohumeral muscular dystrophy type 1 (FSHD1) points to its potential utility in providing a more comprehensive genetic assessment in prenatal settings. This could lead to earlier and more accurate diagnoses, which are vital for patient management and counseling.

Stakeholders in the biotechnology and healthcare sectors, particularly those involved in prenatal care and genetic testing, may see a long-term impact from the adoption of OGM technology. The short-term implications include a potential increase in demand for Bionano Genomics' technology and services. However, it is important to consider the cost-effectiveness and scalability of OGM compared to existing methods, as well as the readiness of the healthcare system to integrate new diagnostic tools.

The announcement from Bionano Genomics regarding their optical genome mapping system's performance in a large prenatal study may have a notable effect on the company's financial outlook. The reported high sensitivity and specificity of OGM compared to current standards of CMA and KT suggest that OGM could become a preferred method for prenatal testing, potentially leading to increased market share and revenue for Bionano Genomics.

Investors and analysts should monitor the adoption rate of OGM in clinical settings, as well as any moves by competitors to develop or enhance similar technologies. The company's ability to secure patents, obtain regulatory approvals and form strategic partnerships will be key factors in realizing the commercial potential of OGM. It is also essential to analyze the reimbursement landscape for such advanced diagnostic tests, as this will influence the rate of adoption by healthcare providers.

While the immediate market reaction to such news may be positive, the actual financial impact will depend on the execution of effective go-to-market strategies and the ongoing demonstration of OGM's clinical and economic value to payers and providers.

The study's findings underscore the growing importance of advanced genetic testing methods in the prenatal care market. Optical genome mapping's ability to detect additional pathogenic structural variants and define the location and orientation of CNVs provides a technological advantage over traditional methods such as CMA and KT. This could lead to a paradigm shift in prenatal diagnostics, with OGM setting a new standard for comprehensive genetic assessments.

Industry analysis should focus on the potential market size for OGM in prenatal testing and the broader implications for genetic screening. The technology's impact on the competitive landscape, including how established players may respond to this innovation, is also critical. The integration of OGM into existing clinical workflows and its acceptance by medical professionals will be pivotal in determining its success in the marketplace.

Additionally, the implications of such technological advancements on global health policies, insurance coverage and ethical considerations surrounding prenatal testing must be taken into account when evaluating the long-term prospects of OGM within the industry.

Key findings from prospective evaluation of 200 prenatal samples:

  • Optical genome mapping (OGM) detected pathogenic structural variants (SVs) in 20.5% of samples (41/200); combination of chromosomal microarray analysis (CMA) and karyotyping (KT) detected pathogenic SVs in 19.5% of samples (39/200)
  • Compared to CMA and KT combined in this prospective cohort, OGM had the following performance:
    • Sensitivity: 97.4%
    • Specificity: 100%
    • Positive Predictive Value (PPV): 100%
    • Negative Predictive Value (NPV): 99.4%
  • For 8 copy number variants (CNVs) detected by CMA, OGM defined their location and orientation and revealed that they were 6 tandem duplications and 2 unbalanced cryptic translocations
  • In 4% of samples (8/200), OGM identified D4Z4 repeat contractions on the permissive 4qA haplotype that may indicate facioscapulohumeral muscular dystrophy type 1 (FSHD1)

SAN DIEGO, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Bionano Genomics, Inc. (Nasdaq: BNGO) today announced a publication covering the largest independent prospective prenatal study comparing optical genome mapping (OGM) to a combined workflow of chromosomal microarray analysis (CMA) and karyotyping (KT). The study highlighted OGM’s high analytical concordance with the combined workflow of CMA and KT, and its ability to detect novel pathogenic structural variants (SVs) missed by those methods. The study also highlighted OGM’s potential to provide additional information about SVs and copy number variants (CNVs) compared to CMA and KT.

The study, published by researchers from Nanjing Women and Children’s Healthcare Hospital in China, reported that OGM demonstrated robust performance across multiple technical and analytical metrics when compared to CMA and KT. OGM also revealed the location and orientation of duplication segments, refined breakpoints of SVs and identified specific repeat contraction disorders that were not detected by other methods.

Researchers used 200 unique prospective prenatal samples with soft markers (including increased nuchal translucency, nasal bone hypoplasia and mild ventriculomegaly, and structural anomalies) for the study. Within this prospective cohort, OGM showed a 97.4% sensitivity, 100% specificity, 100% positive predictive value (PPV) and 99.4% negative predictive value (NPV) for detecting SVs reported with KT and CMA. OGM identified several additional SVs not detected by CMA and KT and defined location and orientation for eight CNVs, which may help researchers interpret the effect of CNVs more precisely. OGM also detected 8 D4Z4 repeat contractions on the permissive 4qA haplotype that may indicate facioscapulohumeral muscular dystrophy type 1 (FSHD1). The study authors concluded that OGM has the potential to serve as a first-tier cytogenetic method for prenatal analysis due to its ability to identify the majority of pathogenic SVs in a single assay.

“The use of OGM for the analysis of prenatal samples is an area where we believe our workflow can have tremendous global impact.  We believe this study marks a milestone in the Chinese prenatal research market as it includes the largest sample size to date for an independent prenatal study using OGM. Additionally, it demonstrates the workflow’s strong performance and potential ability to provide answers from a single assay compared to the two to three assays required with the traditional methods commonly used today,” commented Erik Holmlin, PhD, president and chief executive officer of Bionano.

The paper is available here.

About Bionano

Bionano is a provider of genome analysis solutions that can enable researchers and clinicians to reveal answers to challenging questions in biology and medicine. The Company’s mission is to transform the way the world sees the genome through OGM solutions, diagnostic services and software. The Company offers OGM solutions for applications across basic, translational and clinical research. Through its Lineagen, Inc. d/b/a Bionano Laboratories business, the Company also provides diagnostic testing for patients with clinical presentations consistent with autism spectrum disorder and other neurodevelopmental disabilities. The Company also offers an industry-leading, platform-agnostic software solution, which integrates next-generation sequencing and microarray data designed to provide analysis, visualization, interpretation and reporting of copy number variants, single-nucleotide variants and absence of heterozygosity across the genome in one consolidated view. The Company additionally offers nucleic acid extraction and purification solutions using proprietary isotachophoresis technology. For more information, visit www.bionano.com, www.bionanolaboratories.com or www.purigenbio.com. 

Unless specifically noted otherwise, Bionano’s OGM products are for research use only and not for use in diagnostic procedures.

Forward-Looking Statements of Bionano Genomics

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “can,” “could,” “may,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) convey uncertainty of future events or outcomes and are intended to identify these forward-looking statements. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: the potential ability and utility of OGM to provide results highly concordant with CMA and KT from prenatal samples; the potential ability and utility of OGM to detect potentially pathogenic SVs in prenatal samples missed by CMA and KT; the potential ability and utility of OGM to provide information on SVs and CNVs not provided by CMA and KT; the potential ability and utility of OGM to become a first-tier test for the analysis of prenatal samples; and our ability to drive adoption of OGM and our technology solutions to be used as part of the analysis for prenatal samples. Each of these forward-looking statements involves risks and uncertainties. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include the risks and uncertainties associated with: the timing and amount of revenue we are able to recognize in a given fiscal period; the impact of adverse geopolitical and macroeconomic events, such as recent and potential future bank failures, global pandemics and the ongoing conflicts between Ukraine and Russia and Israel and Hamas, on our business and the global economy; general market conditions; changes in the competitive landscape and the introduction of competitive technologies or improvements to existing technologies; changes in our strategic and commercial plans; our ability to obtain sufficient financing to fund our strategic plans and commercialization efforts and our ability to continue as a “going concern”; the ability of medical and research institutions to obtain funding to support adoption or continued use of our technologies; study results that differ or contradict the results mentioned in this press release; failure of OGM to provide results highly concordant with CMA and KT from prenatal samples; failure of OGM to detect potentially pathogenic SVs in prenatal samples missed by CMA and KT; failure of OGM to provide information on SVs and CNVs not provided by CMA and KT; failure of OGM to become a first-tier test for the analysis of prenatal samples; failure of our ability to drive adoption of OGM and our technology solutions to be used as part of the analysis for prenatal samples; failure of and the risks and uncertainties associated with our business and financial condition in general, including the risks and uncertainties described in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2022 and in other filings subsequently made by us with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.

CONTACTS
Company Contact:
Erik Holmlin, CEO
Bionano Genomics, Inc.
+1 (858) 888-7610
eholmlin@bionano.com

Investor Relations:
David Holmes
Gilmartin Group
+1 (858) 888-7625
IR@bionano.com


FAQ

What is the significance of Bionano Genomics, Inc.'s (BNGO) recent announcement?

Bionano Genomics, Inc. (Nasdaq: BNGO) announced the results of a prospective prenatal study comparing optical genome mapping (OGM) to a combined workflow of chromosomal microarray analysis (CMA) and karyotyping (KT). OGM detected pathogenic structural variants in 20.5% of samples, outperforming CMA and KT in sensitivity, specificity, and positive predictive value. The study also revealed OGM's ability to identify novel pathogenic structural variants missed by traditional methods, showcasing its potential in prenatal diagnostics.

What were the key findings of the prospective prenatal study conducted by Bionano Genomics, Inc. (BNGO)?

The study found that OGM detected pathogenic structural variants in 20.5% of samples, outperforming CMA and KT in sensitivity, specificity, and positive predictive value. Additionally, OGM identified novel pathogenic structural variants missed by traditional methods, highlighting its potential in prenatal diagnostics.

How effective was optical genome mapping (OGM) in the study?

OGM demonstrated high effectiveness, detecting pathogenic structural variants in 20.5% of samples and outperforming CMA and KT in sensitivity, specificity, and positive predictive value.

What potential did the study highlight for optical genome mapping (OGM)?

The study showcased OGM's potential to provide additional information and detect novel pathogenic structural variants missed by traditional methods, particularly in the field of prenatal diagnostics.

What is the ticker symbol for Bionano Genomics, Inc.?

The ticker symbol for Bionano Genomics, Inc. is BNGO.

Bionano Genomics, Inc.

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About BNGO

at bionano genomics®, we are committed to unlocking understanding of genome biology to advance the promise of genomics in areas including cancer and human disease, agricultural bioengineering and genome discovery. our team is not afraid to venture into uncharted territory to look for answers. we welcome the curious and provide a place where those who are not satisfied with the status quo can feel at home. our next-generation genome mapping and analysis tools help researchers see true genome structure to fill in what’s missing from sequencing-based data. saphyr™, our high-speed, high-throughput whole genome mapping solution, offers unmatched structural variation discovery capabilities and the ability to construct the most complete genome assemblies. at bionano, we are invested in the success of our customers and users around the world, and are dedicated to supporting them with the tools, resources and support they need to achieve their goals and make a real impact on improving quality o