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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.

News

Bionano Announces the Final Speaker Lineup for 2024 Symposium with 33 OGM Presentations and Live Panel Discussions Across a Wide Range of Research Applications

Rhea-AI Summary
Bionano Genomics, Inc. announced its 2024 Symposium featuring 33 oral presentations by 26 customers worldwide, highlighting the utility of optical genome mapping across research applications in cancer, cell and gene therapy, and genetic disease. The 4-day virtual event will also unveil a new product. The company aims to bring the OGM community together to share research progress and drive further advancements.
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Bionano Announces Peer-Reviewed Publication from its Clinical Study Designed to Support OGM as Part of Standard of Care (SOC) in Genetic Disease Testing

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Bionano Genomics, Inc. (Nasdaq: BNGO) announced a peer-reviewed publication detailing results from the second phase of a large multisite clinical study designed to support establishing optical genome mapping (OGM) as part of the standard of care (SOC) in diagnosis of genetic disease for postnatal patients.
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Bionano Announces 2024 Symposium: Four Consecutive Days of OGM Presentations and Live Panel Discussions Across a Wide Range of Research Applications

Rhea-AI Summary
Bionano Genomics, Inc. (Nasdaq: BNGO) announces its 2024 Symposium, a virtual event featuring OGM presentations by 27 customers worldwide. The event will showcase applications in cancer, cell and gene therapy, and constitutional genetic disease. Bionano will also unveil a new product to advance cytogenetics and structural variant analysis.
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Bionano Reports Preliminary Fourth Quarter and Full-Year 2023 Results

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Bionano Genomics, Inc. (Nasdaq: BNGO) reported unaudited preliminary financial and commercial highlights for Q4 2023. Revenue expected to be $10.4-10.7 million, a 27-30% increase over Q4 2022. Installed base of OGM systems increased by 36%, and nanochannel array flowcells sold expected to increase by 67% over Q4 2022. Full year 2023 revenue expected to be $35.8-36.1 million, a 29-30% increase over 2022. Cash, cash equivalents, and available-for-sale securities as of December 31, 2023, were approximately $102.8 million. The company achieved all full-year 2023 ELEVATE milestones.
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OGM Added to International System for Human Cytogenomic Nomenclature

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Bionano Genomics, Inc. (Nasdaq: BNGO) announced the addition of optical genome mapping (OGM) to the International System for Human Cytogenomic Nomenclature (ISCN). The OGM nomenclature is set to be published in the 2024 ISCN guide, providing a universal naming convention for genetic variants detected by OGM. This move is expected to enhance clear communication in publications and consistency in databases for genetic laboratories, marking a significant milestone for OGM and researchers using the workflow to advance molecular cytogenetics.
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International Consortium Publishes Comprehensive Roadmap for the Clinical Implementation of OGM in Hematological Malignancy Applications

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Bionano Laboratories (Nasdaq: BNGO) announced the publication of the first framework paper for the clinical adoption and implementation of the optical genome mapping (OGM) workflow for hematological malignancy applications. The framework was co-authored by an international consortium of 18 cancer researchers and is intended to help laboratories with the uniform adoption and implementation of an OGM workflow. It includes recommendations for laboratories planning to adopt OGM on topics such as assay development, clinical validation, implementation, algorithms for data interpretation, and strategies for efficient reporting. The framework paper outlines specific recommendations in three areas: validation, quality control, and analysis and interpretation of variants. Bionano Laboratories developed its laboratory developed test (LDT), marketed as OGM-Dx™ HemeOne, based on the process outlined in this publication.
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Bionano Announces Significant Upgrades to its Bionano Solve Pipeline and its VIA™ Software for OGM Data Analysis in Constitutional Genetic Disease Research

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Bionano Genomics, Inc. (Nasdaq: BNGO) announced significant upgrades to its VIA™ software, enhancing the sensitivity and specificity for structural variation (SV) detection from optical genome mapping (OGM) data, further advancing OGM’s leadership in variant detection. The latest analysis pipeline, Bionano Solve 3.8.1, also enables comprehensive visualization, interpretation, and reporting of SVs and CNVs from OGM data in constitutional genetic disease research.
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Bionano Announces Publication of Largest Prospective Prenatal Study Comparing OGM to Chromosomal Microarray Analysis and Karyotyping

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Bionano Genomics, Inc. (Nasdaq: BNGO) announced the results of a prospective prenatal study comparing optical genome mapping (OGM) to a combined workflow of chromosomal microarray analysis (CMA) and karyotyping (KT). OGM detected pathogenic structural variants in 20.5% of samples, outperforming CMA and KT in sensitivity, specificity, and positive predictive value. The study also revealed OGM's ability to identify novel pathogenic structural variants missed by traditional methods, showcasing its potential in prenatal diagnostics.
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Cancers Journal Publishes Special Issue Dedicated to OGM’s Impact on Hematological Malignancy Research

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Bionano Genomics, Inc. (Nasdaq: BNGO) announced the publication of a special issue of Cancers journal dedicated to the Company’s optical genome mapping (OGM) workflow. The issue features eight peer-reviewed publications, with three additional publications expected, covering the use of OGM in hematological malignancy research and demonstrating its potential to offer significant research insights. The guest editors describe the advantages OGM has over traditional cytogenetic methods and note that OGM offers benefits for laboratory adoption. The issue’s publications cover research indications including acute myeloid leukemia, chronic lymphocytic leukemia, myeloma, and myeloid cancers.
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Bionano Laboratories Announces Publication of the Analytical Validation of its OGM-Based Laboratory Developed Test for Hematological Malignancies and Additional Multi-Site Technical Evaluation of OGM

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Bionano Laboratories (BNGO) announced the publication of a study covering the analytical validation of its laboratory developed test (LDT), OGM-Dx™ HemeOne, based on optical genome mapping (OGM) analysis of blood or bone marrow samples to detect structural variants in individuals with hematological malignancies. The study demonstrated 100% concordance with traditional methods, 100% specificity and sensitivity for detecting Tier 1 and Tier 2 variants, and identified additional pathogenic variants in 28% of cases. The OGM workflow also showed reproducible concordant performance of 96.4% across all sites.
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FAQ

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

The current stock price of Bionano Genomics (BNGO) is $0.2266 as of January 10, 2025.

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

The market cap of Bionano Genomics (BNGO) is approximately 31.7M.

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.
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Bionano Genomics, Inc.

Nasdaq:BNGO

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BNGO Stock Data

31.68M
139.65M
0.15%
12.81%
10.25%
Medical Instruments & Supplies
Laboratory Analytical Instruments
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