Qiagen Stock Price, News & Analysis

QIAGEN N.V. (NYSE:QGEN) has launched the QIAseq DIRECT SARS-CoV-2 Kit, enhancing the efficiency of viral genome sequencing. This innovative kit reduces library preparation time to as little as four hours and decreases plastic use by 50%. It can multiplex up to 768 samples, improving throughput significantly. The kit is integrated with the QIAGEN Digital Insights CoV-2 Insights Service, designed for analyzing large viral datasets. This launch is a strategic expansion of QIAGEN’s portfolio, bolstering its position in the ongoing COVID-19 pandemic response.

QIAGEN N.V. (NYSE: QGEN) has received Emergency Use Authorization from the U.S. FDA for its NeuMoDx™ Flu A-B/RSV/SARS-CoV-2 Vantage Assay. This multiplex PCR test enables rapid identification and differentiation of respiratory viral infections, critical during the COVID-19 pandemic. With a processing time of 80 minutes, the test targets influenzas A and B, RSV, and SARS-CoV-2. The test, initially launched in the EU in 2020, enhances QIAGEN's diagnostics portfolio, supporting healthcare providers as respiratory infections increase.

QIAGEN N.V. (NYSE: QGEN) has filed its annual report for the year ending December 31, 2020, with the U.S. Securities and Exchange Commission. The report includes audited consolidated financial statements and is accessible via QIAGEN's website. The company specializes in Sample to Insight solutions, aiding over 500,000 global customers in molecular diagnostics and life sciences. As of the end of 2020, QIAGEN had over 5,600 employees in more than 35 locations worldwide. For further details, refer to their official site.

QIAGEN has launched the QIAsphere cloud-based platform, enabling labs and QIAstat-Dx users to monitor testing and instrument status continuously. This platform enhances syndromic testing by providing real-time visibility across multiple instruments, thereby reducing downtime and improving efficiency. QIAsphere will also allow technical service teams to offer rapid support. Initially marketed for the QIAcube Connect platform, it will soon extend to other molecular diagnostics solutions. This innovation is expected to bring molecular testing closer to patients.

QIAGEN N.V. (NYSE: QGEN; Frankfurt Prime Standard: QIA) has launched the QIAcube Connect MDx, an automated sample processing platform for molecular diagnostic labs in the U.S., Canada, and the EU. This enhanced instrument supports in-vitro diagnostic applications and is compatible with over 80 QIAGEN kits. With over 9,800 QIAcube instruments deployed by end of 2020, this new version follows strict medical device standards, improving lab safety and workflow efficiency. It automates the processing of SARS-CoV-2 and other viral samples, standardizing multiple sample purification.

INOVIO Pharmaceuticals (NASDAQ: INO) and QIAGEN (NYSE: QGEN) have extended their partnership to develop liquid biopsy-based companion diagnostics utilizing next-generation sequencing (NGS) technology. This collaboration focuses on a diagnostic test to identify women likely to benefit from INOVIO's VGX-3100, an immunotherapy for advanced cervical dysplasia linked to HPV. VGX-3100 is currently undergoing two Phase 3 trials, aiming to be the first non-surgical treatment for this condition. QIAGEN's expertise in bioinformatics will enhance the predictive capability of the diagnostic test.

QIAGEN and INOVIO Pharmaceuticals have extended their partnership with a master collaboration agreement to develop liquid biopsy-based diagnostic products utilizing next-generation sequencing (NGS) technology. The initial project will focus on a diagnostic test for identifying women who may benefit from VGX-3100, INOVIO's immunotherapy for advanced cervical dysplasia linked to HPV. This test will leverage QIAGEN’s bioinformatics to enhance INOVIO’s biomarker signature and will be developed for the Illumina NextSeq 550Dx platform, following a partnership established in 2019.

QIAGEN has appointed Thomas Ebeling to its Supervisory Board, effective immediately. Ebeling, with a robust background in healthcare and management, previously served as CEO of ProSiebenSat.1 Media and held significant roles at Novartis. This addition expands the Board to eight members, enhancing its expertise in Life Sciences and diagnostics. Lawrence Rosen, Chairman of the Supervisory Board, emphasized the commitment to corporate governance and value creation for stakeholders.

QIAGEN N.V. (NYSE: QGEN; Frankfurt Prime Standard: QIA) reported robust fourth-quarter and full-year 2020 results, surpassing net sales and adjusted earnings targets. Q4 net sales rose 38% to $571.2 million, exceeding the 32% CER growth outlook. Adjusted EPS for Q4 increased 42% to $0.68. Full-year net sales grew 23% to $1.87 billion, surpassing the 22% CER outlook, with adjusted EPS rising to $2.15. CEO Thierry Bernard highlighted strong COVID-19 testing demand alongside growth in non-COVID areas, ensuring confidence in 2021 performance amid ongoing strategic initiatives.