Welcome to our dedicated page for Bionano Genomics news (Ticker: BNGO), a resource for investors and traders seeking the latest updates and insights on Bionano Genomics stock.
Bionano Genomics, Inc. reports developments in genome analysis solutions built around optical genome mapping (OGM), diagnostic services, software and nucleic acid extraction technologies. Company updates commonly address OGM applications in cytogenetics, rare disease research, hematologic malignancies, reproductive disorders and other genomic-analysis workflows, including published studies comparing OGM with karyotyping, FISH, chromosomal microarrays, next-generation sequencing and long-read sequencing.
Recurring news also covers financial results, revenue outlooks, scientific-meeting presentations, Bionano Symposium activity, use of VIA™ software, the Ionic® system and Bionano Laboratories diagnostic testing services. Governance updates include board and executive leadership changes at the Nasdaq-listed life sciences instrumentation company.
Bionano Genomics has announced the adoption of the Saphyr system for optical genome mapping by Indalo Bio in South Africa, representing the first use of this technology on the continent. Indalo Bio aims to develop assays for analyzing cancer genomes in patients with hematological malignancies and solid tumors. Jo-Ann Kotze, Head of Genetics at Indalo Bio, expressed confidence in OGM's potential to enhance cytogenetic analysis. CEO Erik Holmlin emphasized the importance of expanding access to advanced genetic technologies, particularly in Africa, which could improve patient outcomes globally.
Bionano Genomics (BNGO) recently published a study in the journal Genes detailing the effectiveness of optical genome mapping (OGM) in prenatal genetic testing. The study highlights OGM's capacity to detect all types of structural variants (SVs), positioning it as a potential new standard in prenatal analysis. Notable findings include the identification of genetic disorders like trisomy 21 and DiGeorge syndrome. The research emphasizes OGM's cost-effectiveness and quick turnaround time, suggesting it could enhance prenatal testing workflows significantly.
Bionano Genomics (BNGO) reported its financial results for Q4 2020, highlighting a revenue increase of 43% to $4 million compared to Q4 2019, primarily due to growth in service revenue from Lineagen. However, total revenue for 2020 decreased by $1.6 million to $8.5 million, impacted by COVID-19. The company raised approximately $335 million in early 2021, strengthening its balance sheet. They aim to enhance the adoption of their Saphyr® system in clinical testing and have ambitious milestones planned for 2021, including the expansion of clinical assays.
Bionano Genomics has announced its participation in two virtual investor conferences. Management will present at the Oppenheimer 31st Annual Healthcare Conference on March 17, 2021, at 11:20 AM ET. Additionally, presentations will be available at the Maxim Group's Emerging Growth Conference from March 17-19, 2021. Webcasts will be accessible on Bionano's website for 30 days post-event.
Bionano Genomics (NASDAQ: BNGO) presented virtually at the H.C. Wainwright Global Life Sciences Conference held on March 9-10, 2021. CEO Dr. Erik Holmlin's presentation is available on-demand on the conference portal and Bionano's investor page for 30 days post-event. Bionano specializes in genome analysis with its Saphyr system, designed for structural variation detection. This platform enables researchers to enhance diagnostics and therapeutic targets. Lineagen, a Bionano subsidiary, has provided over 65,000 genetic tests for neurodevelopmental disorders, including ASD.
Bionano Genomics (BNGO) will host a conference call and webcast on March 23, 2021, at 4:30 p.m. Eastern Time to discuss its fourth quarter and year-end financial results for 2020. The company will also highlight recent corporate advancements. Participants can join the call by dialing the provided toll-free or international numbers. Bionano provides genome analysis tools via its Saphyr system, aimed at enhancing genetic research and diagnostics.
Bionano Genomics (BNGO) announced that Praxis Genomics received DEX Z-codes from Palmetto MolDX for its complete menu of laboratory developed tests (LDTs) based on the Saphyr system. These codes enhance clarity for payers regarding molecular diagnostics tests and could accelerate claim payments. Praxis is the first CAP-accredited lab in the U.S. to offer LDTs based on whole genome analysis with Saphyr, potentially leading to Medicare and private insurance reimbursement for optical genome mapping (OGM) tests. Bionano aims to improve the Saphyr system's throughput to 17,000 samples annually by mid-2023.
Bionano Genomics (Nasdaq: BNGO) announced that its CEO, Erik Holmlin, will present virtually at the Cowen 41st Annual Health Care Conference on March 4, 2021, at 2:10 PM EST. The presentation will be accessible via a live webcast on Bionano's Investors section and will be archived for 30 days post-event. Bionano specializes in genome analysis tools, particularly through its Saphyr system, which aids in structural variation detection for genetic research.
Bionano Genomics (BNGO) announced its participation in the 2021 Advances in Genome Biology and Technology (AGBT) meeting, showcasing its Saphyr System for optical genome mapping. The virtual conference, held from March 1-3, will feature presentations from leading institutions, including Boston Children’s Hospital and Harvard Medical School, focusing on psychiatric disorders and cancer.
Key activities include a plenary talk on pediatric psychiatric disorders and various poster presentations. Bionano's CEO and CMO will also participate in a live interview during the conference.
Bionano Genomics announced a significant contribution of its optical genome mapping (OGM) technology to a study published in Science, unveiling thousands of large structural variant calls not captured by traditional methods. The study showcased 64 haplotype-resolved genomes, enhancing understanding of human genetic diversity. OGM identified 5,590 large structural variants, crucial for understanding genetic disorders. This advancement underscores OGM's role in genome analysis, urging researchers to integrate structural data for deeper insights into genetic variation.