Bionano Genomics Inc Stock Price, News & Analysis

Bionano Genomics (BNGO) announced the adoption of its Saphyr system by two genetics laboratory hubs in the UK's National Health Service (NHS) - Newcastle upon Tyne and Birmingham Women’s and Children’s Trusts. This adoption aims to evaluate optical genome mapping (OGM) versus traditional cytogenetic methods, enhancing BNGO's presence in the UK market. Previous placements in Belfast and London underscore growing interest. The OGM's potential lies in improving efficiency and detection capabilities for hematologic malignancies and other conditions, as mentioned by NHS leaders.

Bionano Genomics (BNGO) announced a study demonstrating the enhanced performance of combining optical genome mapping (OGM) with a 523-gene NGS panel for evaluating myeloid tumors. This method exhibited superior sensitivity, accuracy, and the ability to detect novel variants compared to traditional cytogenetic techniques, including karyotyping and FISH. The research, led by Dr. Ravindra Kolhe, achieved 100% analytical concordance with conventional methods and identified additional structural variants and copy number variations. The findings support the combined OGM and NGS workflow as a cost-effective solution for comprehensive genomic profiling.

Bionano Genomics (BNGO) announced a groundbreaking study highlighting the use of Optical Genome Mapping (OGM) to identify rare genomic structural variants (SVs) linked to severe COVID-19. The research revealed that 17% of severely ill COVID-19 patients exhibited SVs affecting critical genes related to immune response and viral replication. This study, published in iScience, marks the first systematic investigation of SVs in COVID-19 severity, potentially enhancing understanding of genetic predispositions to severe disease. Bionano's OGM could play a pivotal role in future genomic research.

Bionano Genomics (BNGO) has pledged financial support to the ACMG Foundation for Genetic and Genomic Medicine's Next Generation Fellowship & Residency Training Awards Program. This initiative aims to address the shortage of qualified medical professionals in genetic and genomic medicine, helping to train new specialists over the next three years. Dr. Max Muenke emphasized the importance of Bionano's commitment, which contributes significantly to expanding the workforce in laboratory genetics. Bionano's President, Erik Holmlin, highlighted the company's mission to improve genome understanding and patient care.

Bionano Genomics (BNGO) has announced a three-year financial commitment to support the ACMG Foundation for Genetic and Genomic Medicine's Next Generation Fellowship & Residency Training Awards Program. This initiative aims to address the shortage of qualified genetic and genomics specialists, providing essential training to new professionals in the field. The ACMGF and its program have been pivotal in enhancing workforce capabilities for over two decades. Bionano's support underscores its commitment to advancing clinical genomics and improving patient access to specialized care.

Bionano Genomics, Inc. (BNGO) reported a record 2022 Symposium with an average daily attendance of 565, a 63% increase from 2021. The event attracted over 4,000 registrants from 82 countries and featured 31 oral presentations and 37 scientific posters focusing on optical genome mapping (OGM). Presentations highlighted OGM's advantages over traditional methods, including higher resolution, faster turnaround, and its ability to detect more structural variants in genetic diseases and cancers. On-demand presentations are available for viewing through the company's website.

Bionano Genomics (BNGO) concluded its 2022 Symposium, showcasing advancements in optical genome mapping (OGM) integrated with next-generation sequencing (NGS). Presentations highlighted the enhanced capabilities of OGM in detecting structural variants (SVs) in various genetic disorders and cancers. Noteworthy findings included improved variant detection in pediatric cancers and myelodysplastic syndromes. Company executives expressed optimism about the future of OGM as a complementary tool for genomic analysis. The online conference center remains accessible for further exploration of the research shared during the event.

Bionano Genomics, Inc. (BNGO) hosted its 2022 Symposium, showcasing the impact of its optical genome mapping (OGM) solutions in cancer research. Key findings from seven presentations emphasized OGM's ability to identify structural variants (SVs) in solid tumors, including pediatric brain tumors and mesothelioma. Dr. Ravindra Kolhe’s ongoing study highlighted OGM's utility over traditional methods, while other studies presented rapid characterization of difficult-to-diagnose tumors. CEO Erik Holmlin noted the growing opportunities for OGM to enhance clinical decision-making and laboratory workflows.

Bionano Genomics (BNGO) announced preliminary Q4 revenue estimates between $5.8 million and $6.2 million, marking a significant increase of 45%-55% over Q4 2020. The company has achieved full-year revenue expectations of approximately $17.5 million to $17.9 million, a growth of 106%-110% compared to 2020. Additionally, it reported a 69% increase in installed systems, totaling 164 by year-end 2021. Bionano exceeded its goals for the year and anticipates strong momentum into 2022, bolstered by advancements in its technologies and clinical trials.