Twist Bioscience Stock Price, News & Analysis

Twist Bioscience Corporation (NASDAQ: TWST) has successfully closed its public offering of 3,211,362 shares at $110.00 each, generating approximately $323.7 million in net proceeds. The offering included shares sold by both the company and certain selling stockholders. Twist plans to utilize these funds to enhance operational capacity, increase R&D investments, and expand its manufacturing capabilities for its synthetic DNA offerings. Additionally, a portion of the proceeds may be allocated towards acquiring complementary businesses.

Twist Bioscience Corporation (NASDAQ: TWST) has priced a public offering of 2,802,272 shares of common stock at $110.00 per share, aiming for approximately $300 million in gross proceeds. The offering includes 2,727,272 shares sold by Twist and 75,000 shares from selling stockholders. Expected to close on December 7, 2020, funds will enhance operational capacity, R&D, and IT infrastructure, with potential investments in complementary businesses. The offering is underwritten by J.P. Morgan, Goldman Sachs, Cowen, and Evercore.

Twist Bioscience Corporation (NASDAQ: TWST) announced its intention to conduct an underwritten public offering of up to $250 million in common stock. Additionally, certain selling stockholders plan to offer 75,000 shares. The offering includes a 30-day option for underwriters to purchase up to $37.5 million more. Twist aims to utilize net proceeds to enhance operational capacity, invest in automation and R&D, and support growth in various sectors, including NGS and DNA data storage.

Twist Bioscience Corporation (NASDAQ: TWST) announced its participation in two upcoming virtual investor conferences. Emily Leproust, CEO, and Jim Thorburn, CFO, will present at the Piper Sandler 32nd Annual Virtual Healthcare Conference on November 30 at 8:00 a.m. ET, and the Evercore ISI HealthCONx Conference on December 1 at 1:50 p.m. ET. Both presentations can be accessed on the company’s investor relations website, with replays available for 90 days post-event. Twist Bioscience specializes in synthetic DNA products and applications across multiple industries, including healthcare and agriculture.

Twist Bioscience reported strong financial results for fiscal year 2020 with total revenues increasing to $90.1 million from $54.4 million in fiscal 2019. Total orders rose to $116.7 million. Despite the growth, the company experienced a net loss of $139.9 million, or $3.57 per share. The fourth quarter also saw revenue growth to $32.4 million from $15.7 million year-over-year. With a strong cash position of $290 million, Twist plans aggressive growth in fiscal 2021, focusing on synthetic biology, NGS, and biopharma technologies.

Twist Bioscience Corporation (Nasdaq: TWST) announced promising preclinical data for three proprietary antibodies targeting the S1 protein of SARS-CoV-2. The antibodies, TB202-3 and TB202-63, demonstrated protection against weight loss in a hamster model at a low dose of 1 mg/kg. TB181-36, discovered in collaboration with Vanderbilt University, also showed protective effects at doses of 5 mg/kg and 10 mg/kg. These results suggest potential for new COVID-19 treatment approaches, including a preventive nasal spray, amid rising global infection cases.

Twist Bioscience (TWST) and Biotia have launched the SARS-CoV-2 Next-Generation Sequencing (NGS) Assay, a new research tool for COVID-19 sequencing and surveillance. This highly sensitive assay allows for extensive monitoring of the virus's genetic changes, surpassing standard PCR tests in capability. Validated on a NextSeq® sequencer, the assay provides crucial sequence data to aid researchers in tracking mutations and understanding the virus's evolution. The assay targets various sample types, offering public health insights, particularly during ongoing pandemic waves.

Twist Bioscience Corporation (NASDAQ: TWST) has launched the Comprehensive Viral Research Panel, a next-generation sequencing (NGS) tool that identifies over 3,000 viral genomes. This panel aims to assist in detecting new viral species and supports metagenomic surveillance. It features over one million unique probes and integrates with the One Codex analysis platform for streamlined results. The product is designed for research use only and contributes to public health efforts in monitoring viral diseases.

Twist Bioscience (TWST), along with Illumina (ILMN), Western Digital (WDC), and Microsoft, has formed a strategic alliance to advance DNA data storage. This coalition aims to create an industry roadmap for interoperability and commercial solutions as demand for archival storage surges due to data growth. DNA's durability and density—storing massive amounts of data in minimal space—position it as a viable alternative to traditional storage. The alliance anticipates that by 2024, 30% of digital businesses will initiate DNA storage trials, addressing the urgent need for long-term solutions.