Welcome to our dedicated page for Bruker Corporation news (Ticker: BRKR), a resource for investors and traders seeking the latest updates and insights on Bruker Corporation stock.
Bruker Corporation (symbol: BRKR) stands as a global leader in analytical instrumentation. With over fifty years of innovation, Bruker aims to provide top-tier technological solutions for various analytical tasks. Headquartered in Massachusetts, USA, Bruker employs more than 6,500 individuals across 90 locations worldwide.
The company's operations are categorized into four main segments:
- BSI BioSpin: Specializes in magnetic resonance technologies, including NMR, EPR, and preclinical MRI systems.
- BSI CALID: Focuses on mass spectrometry, chromatography, molecular spectroscopy, and in vitro diagnostics.
- BSI Nano: Offers solutions in X-ray diffraction, elemental analysis, atomic force microscopy, and surface and dimensional metrology.
- Bruker Energy & Supercon Technologies (BEST): Provides superconducting materials and devices for energy, science, and healthcare sectors.
Bruker demonstrates a strong commitment to research and development, continuously expanding its suite of products and maintaining a robust installed base globally. The company’s dedication to quality and reliability is reflected in its significant presence in the Asia Pacific region, which accounts for the largest share of its revenue.
Recent achievements include advancements in mass spectrometry and collaborations with leading pharmaceutical and biotechnology companies. Bruker's technologies are vital for quality assurance in industrial production processes, supporting customers in ensuring precision and reliability.
Bruker Corporation is not just a manufacturer but a partner in innovation, helping scientists and researchers address complex analytical challenges with integrity and cutting-edge technology.
Bruker (Nasdaq: BRKR) has announced its participation in two upcoming investor conferences. Gerald Herman, Executive Vice President & CFO, will represent the company at both events:
1. The 2024 Wells Fargo Healthcare Conference in Boston, MA on Wednesday, September 4, 2024, at 10:15 a.m. Eastern Time.
2. The Morgan Stanley 22nd Annual Global Healthcare Conference in New York City on Friday, September 6, 2024, at 10:00 a.m. Eastern Time.
Live audiovisual webcasts of the presentations will be available on the company's Investor Relations website. Replays will be accessible for 90 days after the events in the 'Events & Presentations' section.
Bruker has successfully installed Asia's first 1.2 GHz Avance® Nuclear Magnetic Resonance (NMR) spectrometer at the Korea Basic Science Institute (KBSI). This ultra-high field NMR system sets a new benchmark for molecular, cell biology, and disease research in the Asia-Pacific region. The installation enhances KBSI's capabilities in biomolecular structure analysis and drug development, enabling researchers to observe functional molecular dynamics and structural rearrangements in real time.
The 1.2 GHz NMR spectrometer will support various research applications, including the study of intrinsically disordered proteins, drug-target binding mechanisms, and the development of diagnostic methods for infectious diseases. With this installation, there are now 22 GHz-class NMR spectrometers worldwide, highlighting the growing importance of advanced NMR technology in scientific research.
Bruker (Nasdaq: BRKR) has announced a quarterly cash dividend of $0.05 per share on its common stock. The dividend is set to be paid on September 16, 2024, to stockholders of record as of September 2, 2024. This decision, approved by Bruker's Board of Directors, demonstrates the company's commitment to returning value to its shareholders through regular dividend payments.
Bruker (Nasdaq: BRKR) has announced a strategic minority investment in NovAliX, a preclinical Contract Research Organization (CRO) specializing in drug discovery services. The investment aims to accelerate NovAliX's growth and expansion in Europe and the United States. The partnership will focus on developing novel drug discovery technologies and methods, leveraging biophysical methods, particularly NMR.
Key collaboration areas include:
- Ultra-high field NMR for structural and binding investigations
- NMR-powered medicinal chemistry and mechanism of action research
- X-ray crystallography for structure-guided drug discovery
- High-sensitivity SPR for kinetics and binding studies
- Mass spectrometry for proteomics and multiomics
- Single cell and spatial biology tools for drug discovery insights
The partnership aims to enable new paradigms in drug discovery, accelerate development of advanced biophysical methods, and support the discovery of new and better medicines.
Bruker (Nasdaq: BRKR) reported strong Q2 2024 financial results with revenues of $800.7 million, up 17.4% year-over-year. Organic revenue grew 7.4%, while constant-exchange rate (CER) revenue increased 18.5%. The company's Q2 2024 GAAP EPS was $0.05, and non-GAAP EPS reached $0.52, up 4.0% year-over-year.
Bruker has increased its FY 2024 revenue guidance to $3.38-$3.44 billion, implying 14-16% growth. The company completed three strategic acquisitions in H1 2024, accelerating its portfolio transformation. Despite recent acquisitions impacting margins, Bruker expects steady margin expansion and rapid EPS growth in the next three years.
Bruker (Nasdaq: BRKR) has announced the date and time for its second quarter 2024 earnings release and webcast. The company will report financial results on Tuesday, August 6, 2024, before the market opens. A conference call and webcast will follow at 8:30 a.m. Eastern Time to discuss the results and current business trends.
Investors can access the webcast at https://ir.bruker.com under the 'Events & Presentations' section. A slide presentation will be available shortly before the webcast begins. For those preferring to listen via telephone, the dial-in numbers are 1-888-437-2685 (U.S. toll-free) or +1-412-317-6702 (international).
Bruker is offering a pre-registration option for the earnings call at https://dpregister.com/sreg/10191132/fd22c94e58. A replay will be available until September 6, 2024, by dialing 1-877-344-7529 (U.S. toll-free) or +1-412-317-0088 (international) with the access code: 2885668.
Bruker (Nasdaq: BRKR) announced the suspension of an injunction affecting sales of CosMx™ Spatial Molecular Imager (SMI) products by its NanoString business in Germany. This development is related to ongoing patent litigation with 10x Genomics. The suspension was made possible after Bruker posted a bond authorized by the Munich Higher Regional Court.
The German Higher Regional Court of Munich had previously granted NanoString the right to lift the injunction, citing concerns with the lower Munich Regional Court's May 2023 decision. The Court noted that the lower court had failed to address relevant aspects of the case, including a disputed feature of the patent at issue.
As a result, all CosMx products are now available again to German scientific instrument customers, effective immediately.
Bruker (Nasdaq: BRKR) has successfully installed a 1.2 GHz NMR spectrometer at the Leibniz Forschungsinstitut für Molekulare Pharmakologie (FMP) in Berlin, accepted in Q2 2024. This advanced system will significantly enhance research capabilities in structural biology, pharmacology, and cellular biology by providing detailed insights into biomolecular structures and functions. The 1.2 GHz NMR system is expected to enable significant advancements in the understanding of intrinsically disordered proteins, which play critical roles in diseases like cancer and infectious diseases. It will support the characterization of novel active compounds and mechanisms of action, aiding in drug development efforts. FMP is already equipped with eleven NMR systems, and this latest addition marks a substantial evolution in its research capabilities. Key figures at FMP, including Dr. Peter Schmieder and Professors Hartmut Oschkinat and Adam Lange, emphasize the transformative potential of this technology in their research endeavors. Bruker expresses its commitment to supporting groundbreaking discoveries at FMP.
Cellens, an early-stage cancer diagnostic company, announced a collaboration with Bruker BioAFM to develop the first clinical diagnostic tests using multi-parametric, single-cell biophysical markers and machine learning. Utilizing Bruker's advanced atomic force microscopy, Cellens aims to detect bladder cancer through non-invasive urine tests. The technology has shown high sensitivity and specificity in pilot studies. This collaboration seeks to address the unmet challenges in detecting and monitoring bladder cancer and to improve patient compliance and access to care. The platform may extend to other cancers, providing a non-invasive, cost-effective alternative to current standards.
Bruker Applied Mass Spectrometry Division has unveiled new high-performance solutions at ASMS 2024, including the EVOQ® DART-TQ⁺ and ecTOF™ mass spectrometers. The EVOQ® DART-TQ⁺, a chromatography-free triple-quadrupole mass spectrometer, significantly reduces analysis times to 20 seconds per sample and cuts costs. It also offers an easy switch to LC-MS mode for water and food testing. The ecTOF™ system, a compact time-of-flight mass spectrometer, provides high-resolution GC-HRMS with simultaneous EI and CI ionization, enhancing compound identification and reducing false positives. These innovations aim to improve productivity, lower operational costs, and increase data accuracy for applied markets.
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