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Bionano Genomics, Inc. - BNGO STOCK NEWS

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

Bionano Genomics, Inc. (Nasdaq: BNGO) is a pioneering company in the life sciences instrumentation sector, dedicated to advancing genome biology understanding through innovative solutions. The company is renowned for its development and marketing of the Saphyr™ system, an ultra-sensitive platform designed for structural variation detection. This system enables researchers and clinicians to accelerate diagnostics and therapeutic target discovery, streamlining studies on chromosomal changes.

Bionano's core mission is to transform genomic analysis through optical genome mapping (OGM) solutions, diagnostic services, and software. Their flagship product, Saphyr™, offers unmatched capabilities in structural variation discovery and the ability to construct comprehensive genome assemblies. This technology is crucial for applications in cancer research, human disease studies, agricultural bioengineering, and genome discovery.

Recent achievements include the detection of unique structural variations and gene fusions in blood cancer samples, underscoring OGM's potential as a complement to traditional sequencing methods. Bionano's OGM technology has shown superior sensitivity and resolution in various studies, highlighting its utility in pediatric leukemia and other cancers.

The company operates globally with significant revenue from the Americas, and it generates product revenue from the sales of OGM and Ionic Purification systems and consumables. Bionano also offers diagnostic testing for neurodevelopmental disabilities through its Lineagen, Inc. d/b/a Bionano Laboratories business and industry-leading genome analysis software that integrates next-generation sequencing and microarray data.

Partnerships with AI-driven companies like Diagens further enhance Bionano's offerings, aiming to improve reproductive health and other clinical applications. Additionally, Bionano continuously upgrades its VIA software and Bionano Solve pipeline to provide researchers with precise and sensitive genomic research tools.

For more information, visit Bionano Genomics and its associated websites, www.bionanolaboratories.com and www.purigenbio.com.

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Bionano Genomics (NASDAQ: BNGO) announced findings from the COVID-19 Host Genome Structural Variant Consortium, highlighting the Saphyr system's effectiveness in identifying structural variants (SVs) in severe COVID-19 patients. Key findings indicate that SVs affecting immunity and viral replication pathways are linked to disease severity, particularly in the interferon response pathway. The consortium aims to analyze 1,000 genomes to enhance understanding of COVID-19 susceptibility, with significant collaborations from renowned institutions worldwide.

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Bionano Genomics (BNGO) highlighted groundbreaking advancements in optical genome mapping (OGM) with its Saphyr system during a recent symposium. Notable achievements include the ability to assess large genomic repeat expansions previously deemed unmeasurable. Clinical validations presented suggest that Saphyr enhances diagnostic accuracy, exemplified by a 25% increase in diagnostic yield for undiagnosed genetic diseases. The University of Iowa and KU Leuven also developed cost-effective assays for Facioscapulohumeral Muscular Dystrophy (FSHD) testing, advancing clinical diagnostics in pediatric genetic disorders.

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Bionano Genomics (BNGO) announced positive preliminary findings on its Saphyr system, presented at the Next-Generation Cytogenomics Symposium. The system demonstrated superior performance over the Oncoscan array for detecting structural and copy number variations in solid tumors. Six studies highlighted Saphyr's capability to unveil complex genomic changes in various cancers, including brain and breast cancers, revealing new therapeutic targets. The studies showed that Saphyr achieved 100% concordance with existing testing methods while offering faster, cost-effective solutions for clinical applications.

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Bionano Genomics (Nasdaq: BNGO) announced its compliance with Nasdaq's minimum bid price requirement. The company received a notification confirming that its common stock closing bid price has been at $1.00 or greater for the last 10 consecutive business days, from December 29, 2020, to January 12, 2021. This achievement fulfills the Listing Rule 5550(a)(2) criteria, and the matter is now considered closed.

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Bionano Genomics (BNGO) announced successful results from Saphyr users at the Next-Generation Cytogenomics Symposium, demonstrating its efficacy in analyzing hematological malignancies. Saphyr identifies actionable genetic variants better than traditional cytogenetic methods, such as karyotyping and FISH, while offering faster results at a lower cost. KU Leuven Hospitals is adopting the Saphyr-based assay for routine Acute Lymphoblastic Leukemia diagnostics, showcasing its potential to streamline clinical workflows and improve diagnostic accuracy.

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Bionano Genomics, Inc. (BNGO) has successfully closed its underwritten public offering of 33,368,851 shares at $3.05 per share, raising approximately $101.8 million in gross proceeds. This offering includes the full exercise of the underwriters' option to purchase 4,352,458 additional shares. The shares were offered under a previously filed shelf registration statement and are designed to support Bionano's genome analysis services and products.

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Bionano Genomics presented findings at the Next-Generation Cytogenomics Symposium, showcasing the Saphyr system's effectiveness in genetic testing. Notable achievements include a 100% concordance in prenatal testing between Saphyr and standard methods like karyotyping, leading to quicker and cost-effective results. Studies across the US, Europe, and China demonstrated Saphyr's reproducibility and ability to resolve rare genetic diseases. Experts from various institutions highlighted Saphyr's advantages in uncovering actionable insights, thereby enhancing diagnostic capabilities in genetic disorders.

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Bionano Genomics (Nasdaq: BNGO) announced the publication of findings from the COVID-19 Host Genome Structural Variant Consortium. The study utilized the Saphyr System to identify significant structural variants (SVs) linked to immune responses and disease severity in COVID-19 patients. Analysis of 37 ICU patients revealed that 12 died, while 25 recovered. Notably, a duplication of the STK26 gene was associated with severe illness, suggesting its potential as a prognostic biomarker. The findings highlight Saphyr’s capability in revealing critical genetic insights overlooked by traditional methods.

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Bionano Genomics (BNGO) announced its 5-day Next-Generation Cytogenomics Symposium starting January 11, featuring 33 presentations from Saphyr users at leading medical institutions. The event will spotlight applications of optical genome mapping (OGM) for analyzing genetic diseases and blood cancers, alongside studies validating clinical assays. Notably, a session will focus on COVID-19 related genome studies. CEO Erik Holmlin emphasized Saphyr's capability to detect structural variants that traditional methods overlook, potentially increasing diagnostic yields.

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Bionano Genomics has announced the pricing of its public offering of 29,016,393 shares at $3.05 each, aiming for gross proceeds of approximately $88.5 million. The offering, set to close on January 12, 2021, includes a 30-day option for underwriters to purchase an additional 4,352,458 shares. Oppenheimer & Co. serves as the sole book-running manager. Shares are offered under a previously filed shelf registration statement. The proceeds are intended to support Bionano’s genomic analysis tools, particularly the Saphyr system.

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FAQ

What is the current stock price of Bionano Genomics (BNGO)?

The current stock price of Bionano Genomics (BNGO) is $0.2024 as of December 24, 2024.

What is the market cap of Bionano Genomics (BNGO)?

The market cap of Bionano Genomics (BNGO) is approximately 20.6M.

What does Bionano Genomics, Inc. specialize in?

Bionano Genomics specializes in genome analysis solutions, particularly through their Saphyr™ system for structural variation detection.

What is the Saphyr™ system?

The Saphyr™ system is Bionano's high-speed, high-throughput whole genome mapping solution that offers unmatched structural variation discovery capabilities.

What are the applications of Bionano's OGM technology?

Bionano's OGM technology is used in cancer research, human disease studies, agricultural bioengineering, and genome discovery.

What recent achievements has Bionano reported?

Bionano recently reported detecting unique structural variations and gene fusions in blood cancer samples, showcasing OGM's potential as a complement to traditional sequencing methods.

Where does Bionano operate?

Bionano operates globally with significant revenue generated from the Americas, EMEA, and Asia Pacific regions.

What additional services does Bionano offer?

Bionano offers diagnostic testing for neurodevelopmental disabilities and industry-leading genome analysis software that integrates next-generation sequencing and microarray data.

Who are Bionano's key partners?

Bionano partners with companies like Diagens to enhance clinical applications, particularly in reproductive health.

What is the purpose of Bionano's VIA software?

Bionano's VIA software provides researchers with precise and sensitive tools for genomic research, improving visualization, interpretation, and reporting of results.

Are Bionano's products for research or clinical use?

Most of Bionano’s OGM products are for research use only and not for use in diagnostic procedures.

How can I learn more about Bionano Genomics?

You can visit Bionano's main website at www.bionano.com or its associated websites, www.bionanolaboratories.com and www.purigenbio.com, for more information.

Bionano Genomics, Inc.

Nasdaq:BNGO

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20.64M
101.81M
0.15%
12.81%
10.25%
Medical Instruments & Supplies
Laboratory Analytical Instruments
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United States of America
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