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OpGen, Inc - $OPGN STOCK NEWS

Welcome to our dedicated page for OpGen news (Ticker: $OPGN), a resource for investors and traders seeking the latest updates and insights on OpGen stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect OpGen's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of OpGen's position in the market.

Rhea-AI Summary

OpGen, Inc. announced the sale of its commercial customer contracts and Unyvero systems to Camtech Pte for $218,000. Additionally, Ares Genetics GmbH sold its assets to bioMerieux S.A. OpGen plans to work with Camtech and Curetis team to transfer U.S. Unyvero customers. OpGen also offered Camtech the opportunity to acquire its remaining inventory for $176,000. OpGen's CEO sees these transactions as preparation for potential strategic transactions like a reverse merger.

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-24.67%
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Rhea-AI Summary
OpGen, Inc. (Nasdaq: OPGN) received a notice from Nasdaq regarding the delayed filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The company previously faced non-compliance issues with the Minimum Bid Price Rule. OpGen has until June 3, 2024, to regain compliance with the Minimum Bid Price Rule and file the Form 10-K to avoid delisting.
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-8.16%
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OpGen secures $3 million investment from David Lazar, appoints new board of directors, and settles outstanding liabilities with EIB. Lazar to become CEO.
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57.89%
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OpGen, Inc. (Nasdaq: OPGN) reported total revenue of $2.35 million for the first nine months of 2023, a significant increase from $1.89 million in the same period of 2022. The company implemented cash management initiatives, including a U.S. operations restructuring by reducing headcount. Additionally, OpGen signed a preferred stock purchase agreement and a warrant inducement agreement with potential strategic and institutional investors in October 2023. However, its subsidiaries Curetis GmbH and Ares Genetics GmbH filed for insolvency under German and Austrian laws, respectively, in November 2023.
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-2.04%
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OpGen, Inc. enters agreement with existing investor to exercise warrants, raising up to $11.2 million.
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173.81%
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OpGen, Inc. reported total revenue of approximately $1.65 million for the first half of 2023, a 15% increase compared to the same period in 2022. They also signed an R&D collaboration contract extension and a distribution agreement with Fisher Healthcare for the Unyvero A50 platform in the U.S. Total operating expenses decreased in Q2 2023 to approximately $5.9 million. Cash and cash equivalents were approximately $3.2 million as of June 30, 2023.
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-1.19%
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Rhea-AI Summary
OpGen's German subsidiary Curetis GmbH has successfully met all milestones under its research and development collaboration agreement with FIND. The collaboration has resulted in the development of an antibiotic stewardship module, a 'data everywhere' module for mobile and cloud-based data access, and comprehensive next-generation sequencing results. The achievement triggers an additional milestone payment of approximately $0.2 million.
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OpGen, Inc

Nasdaq:OPGN

OPGN Rankings

OPGN Stock Data

6.21M
9.98M
5.49%
2.68%
18.52%
Medical Laboratories
Health Care and Social Assistance
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United States of America
ROCKVILLE

About OPGN

opgen, inc. (nasdaq: opgn) is harnessing the power of informatics and genomic analysis to provide complete solutions for infection prevention and treatment. using our large and ever-growing acuitas lighthouse® knowledgebase of pathogens from around the world, we are developing disruptive technologies aimed to shift the paradigm for managing infectious diseases. today, through our clia-certified clinical laboratory services, we provide rapid detection and analysis of antibiotic resistance and high resolution microbial sequence analysis. our fda-cleared, ivd products rapidly identify pathogens in positive blood cultures.