Company Description
OpGen, Inc. (NASDAQ: OPGN) is described in its public communications as a precision medicine company that uses molecular diagnostics and bioinformatics to help combat infectious disease. The company is associated with the development and commercialization of molecular microbiology solutions that aim to provide clinicians with more rapid and actionable information about life‑threatening infections and to help decrease the spread of infections caused by multidrug‑resistant microorganisms (MDROs.
OpGen has repeatedly stated that its activities focus on molecular diagnostics, bioinformatics, and antimicrobial resistance (AMR). In multiple disclosures, OpGen explains that its solutions are intended to guide clinical decision‑making in infectious disease by supplying information that can support improved patient outcomes and infection control.
Business focus and solutions
According to the company’s descriptions in its news releases, OpGen’s activities have included work around the Unyvero platform, the Acuitas AMR Gene Panel, and the ARES Technology Platform. The ARES Technology Platform is described as including the ARESdb database, next generation sequencing (NGS) technology, and AI‑powered bioinformatics solutions for antibiotic response prediction, including offerings referred to as ARESiss, ARESid, ARESasp, and AREScloud.
The company has also highlighted collaborations and development work carried out by its subsidiaries, Curetis GmbH and Ares Genetics GmbH. In earlier communications, OpGen noted that these subsidiaries were involved in research and development collaborations and genomic surveillance work related to antimicrobial resistance and pathogen sequencing. Later disclosures state that Curetis GmbH and Ares Genetics GmbH became subject to insolvency proceedings under German and Austrian laws, respectively, and that their assets were sold as part of those proceedings.
Infectious disease and AMR orientation
Across multiple press releases, OpGen emphasizes its orientation toward infectious disease and antimicrobial resistance. The company’s stated goal has been to help clinicians obtain more rapid information about life‑threatening infections and MDROs. Its communications describe genomic surveillance activities, whole genome sequencing of pathogen isolates, and analysis using the ARESdb database and AREScloud platform, with the aim of supporting infection prevention and antibiotic stewardship in healthcare settings.
Corporate developments and strategic alternatives
OpGen’s public filings and news releases describe a series of corporate and financial developments. The company has disclosed that it implemented cash management initiatives and considered strategic alternatives in light of its financial position. In one quarterly update, OpGen stated that there was substantial doubt about its ability to continue as a going concern and that it was evaluating alternatives such as restructuring or refinancing debt, seeking additional capital, selling assets, or pursuing other strategic transactions, including potential relief under bankruptcy laws.
Subsequent releases describe transactions involving its subsidiaries’ insolvency proceedings, the sale of assets of Curetis GmbH and Ares Genetics GmbH by insolvency trustees, and agreements to transfer commercial customer contracts and installed Unyvero systems to another party. OpGen has also reported financing transactions, including preferred stock financings, warrant‑related transactions, and a securities purchase agreement under which it may sell common stock to an investor over time.
Reverse stock split and listing compliance
In a later announcement, OpGen reported that its board of directors approved a 1‑for‑10 reverse stock split of its common stock. The company stated that it expected the reverse split to increase the market price per share of its common stock in order to regain compliance with The Nasdaq Capital Market’s minimum bid price listing requirement. The reverse split was described as affecting all holders of common stock proportionally, with no fractional shares issued and fractional positions rounded up to the nearest whole share.
Equity financing arrangements
In an 8‑K filing, OpGen reported entering into a Securities Purchase Agreement with an investor, under which the company had the right, at its discretion, to sell shares of common stock up to a specified aggregate value. An amendment to that agreement expanded the potential aggregate amount and extended the period during which OpGen could sell shares. A later supplemental letter further extended the company’s ability to sell shares under this arrangement. The company disclosed that shares issued under this agreement would be sold without registration in reliance on exemptions under the Securities Act and applicable regulations.
Management and governance changes
Public disclosures also describe changes in OpGen’s leadership and board composition. In one news release, the company reported that an investor agreed to acquire shares of a series of convertible preferred stock and that, in connection with the transaction, the investor was appointed to the board of directors and would be appointed as chief executive officer, while prior board members resigned and the then‑CEO moved into another executive role. A later 8‑K filing reported the resignation of a president effective on a specified date, and another 8‑K disclosed the resignation of a chief executive officer and the appointment of a new chief executive officer.
Sector classification
For classification purposes, OpGen is associated with the Health Care and Social Assistance sector and has been linked to the Medical Laboratories industry. Its own disclosures consistently describe the company as focused on precision medicine, molecular diagnostics, bioinformatics, and antimicrobial resistance in infectious disease.
Trading information
OpGen’s common stock is identified in the provided materials as trading on The Nasdaq Capital Market under the ticker symbol OPGN. The company has undertaken corporate actions, including the reverse stock split, with the stated objective of addressing Nasdaq listing requirements related to minimum bid price.
Risk and going concern disclosures
In its financial updates, OpGen has disclosed that it faces significant risks related to liquidity, debt obligations, and its ability to continue operations. The company has explicitly stated that there is substantial doubt about its ability to continue as a going concern and has outlined potential measures it might pursue, while cautioning that there is no assurance that such measures will be identified or successfully executed. These statements are presented in the company’s own forward‑looking statement disclaimers and risk discussions.