Centogene N.V. Common Shares Stock Price, News & Analysis

Centogene N.V. (Nasdaq: CNTG) will release its financial results for Q4 and full-year 2021 on March 30, 2022, at 2 p.m. CEST / 8 a.m. EDT. A conference call and webcast will follow to discuss these results. The company specializes in diagnosing and treating rare diseases, leveraging a platform built on a global data repository of over 600,000 patients. Centogene collaborates with over 30 pharmaceutical partners, aiming to accelerate orphan drug development through enhanced patient identification and treatment strategies.

Centogene N.V. (Nasdaq: CNTG) has expanded its data access and collaboration agreement with Pfizer to include a new research project aimed at uncovering rare genetic causes of neurodegenerative diseases. This follows an initial agreement established in November 2019, which granted Pfizer access to Centogene’s Bio/Databank for drug discovery. The collaborative research will enhance the validation of genetic targets using existing patient samples, positioning Centogene uniquely in data-driven drug discovery for rare diseases.

Centogene N.V. (Nasdaq: CNTG) announced the results of its Extraordinary General Meeting held on February 22, 2022. Shareholders approved all proposals, including the appointments of Kim Stratton as Managing Director and Prof. Andreas Busch as Supervisory Director. Peer Schatz, the Chairman, expressed gratitude to shareholders and anticipation for the new leadership to enhance the company's strategy for patient value. Centogene focuses on rare diseases, leveraging a data-rich platform with over 600,000 patient records to innovate orphan drug development.

Centogene N.V. (Nasdaq: CNTG) has announced the resignation of Chief Financial Officer René Just, effective March 31, 2022, following the filing of its Annual Report on Form 20-F. Miguel Coego Rios has been appointed as Interim CFO and Executive Vice President of Finance & Legal, effective February 8, 2022, and will work closely with Just during the transition. Rios brings over a decade of biopharma finance experience, having previously held senior roles at Orphazyme and Mundipharma. CEO Kim Stratton praised Just's contributions in enhancing the company’s financial processes.

Centogene N.V. (Nasdaq: CNTG) announced the resignation of Dr. Andrin Oswald as CEO due to prolonged medical leave, with Kim Stratton appointed as his successor. Stratton, previously Interim CEO, will lead the company's strategic evolution to maximize stakeholder value. Dr. Oswald will remain as an advisor during the transition. This change comes amid ongoing developments in Centogene's focus on rare diseases, leveraging their proprietary data platform. The leadership transition is effective immediately and will be formalized at the next shareholder meeting.

Centogene N.V. (NASDAQ: CNTG) announced a successful financing round, securing EUR 15 million in private placement from various investors and a USD 45 million senior secured loan from Oxford Finance. This funding aims to enhance Centogene's financial stability and accelerate growth in delivering insights for rare, metabolic, and neurodegenerative diseases. The private placement involved the sale of 4,479,088 shares at USD 3.73 each, with warrants for additional shares at USD 7.72. The funds are anticipated to support substantial value creation in the company's core business.

Centogene N.V. (Nasdaq: CNTG) has nominated Prof. Andreas Busch to its Supervisory Board, pending shareholder approval at the next General Meeting. Dr. Busch brings over 20 years of pharmaceutical experience, previously serving as Chief Innovation Officer at Cyclerion and in senior roles at Shire and Bayer. His expertise is expected to enhance Centogene's partnerships with biopharmaceutical companies, particularly in rare and neurodegenerative diseases. The company aims to leverage its extensive data platform, which includes insights from over 600,000 patients globally, to accelerate orphan drug development.

Centogene N.V. (Nasdaq: CNTG) has announced a collaboration with Insilico Medicine to identify therapeutic targets for Niemann-Pick disease type C (NPC) using AI. This partnership will leverage Centogene's unique Bio/Databank, containing multiomic patient data, to accelerate drug discovery. NPC is a rare genetic disorder affecting approximately 1 in 120,000 births, with no FDA-approved treatments currently available. The collaboration is set to last for 20 weeks, aiming to validate new insights and potentially pave the way for future drug development.

CENTOGENE N.V. (Nasdaq: CNTG) has launched CentoCloud, a cloud-based SaaS platform aimed at enhancing decentralized genomic variant analysis for rare diseases. By utilizing advanced bioinformatic pipelines and a significant Bio/Databank, CentoCloud enables laboratories to generate reliable medical reports swiftly. This service addresses the increasing demand for local genetic testing, streamlining workflows, and potentially contributing to the discovery of new therapeutics. CENTOGENE’s commitment to expanding genetic testing access globally is reinforced by this initiative.