Centogene N.V. Common Shares Stock Price, News & Analysis

Centogene N.V. (Nasdaq: CNTG) has appointed Dr. Patrice P. Denèfle as the new Chief Scientific Officer, effective August 16, 2021. Dr. Denèfle brings over 35 years of experience in the pharmaceutical and biotechnology sectors, having held prominent roles at various companies. He succeeds Phil Lambert, who is leaving the company. Under Dr. Denèfle’s leadership, Centogene aims to enhance its scientific capabilities and drive growth, targeting the development of therapies for 100 rare diseases within a decade.

Centogene N.V. (Nasdaq: CNTG) reported positive results from its Annual General Meeting held on June 25, 2021, where shareholders approved all proposals, including the appointment of Rene Just as Chief Financial Officer. Peer Schatz, Chairman of the Supervisory Board, thanked shareholders for their support in advancing the company's mission to address the challenges of rare diseases. Centogene's proprietary platform leverages comprehensive data from over 600,000 patients, aiming to enhance understanding and treatment of rare hereditary diseases and accelerating orphan drug development.

Centogene (Nasdaq: CNTG) hosted a Virtual Investor Event to outline strategic priorities aimed at enhancing data-driven insights into rare diseases. The company emphasized its goal to reduce the burden of rare diseases, targeting the development of 100 cures within 10 years. Key initiatives include expanding a rare disease-centric Bio/Databank to 1 million patients and developing 10 full disease models. Centogene aims to leverage its expertise and global network to accelerate orphan drug development.

Centogene N.V. (CNTG) reported Q1 2021 revenues of €65.0 million, a remarkable increase of over 400% from €12.1 million in Q1 2020, largely driven by COVID-19 testing. The company achieved positive adjusted EBITDA while investing heavily in its rare disease core business, adding over 25,000 patients to its Bio/Databank. Noteworthy new partnerships in Pharma and management team expansions were announced, supporting ongoing recovery in its diagnostics segment. However, uncertainties remain regarding COVID-19 testing revenues for 2021, which are anticipated to match 2020 levels.

Centogene N.V. (Nasdaq: CNTG) announced it will release financial results for Q1 2021 on June 16, 2021. A Virtual Investor Event is scheduled for June 22, 2021, between 9:00 a.m. - 11:00 a.m. EDT. The company focuses on generating insights for diagnosing rare diseases, utilizing a vast database from approximately 600,000 patients across over 120 countries. Centogene collaborates with more than 30 pharmaceutical partners to enhance orphan drug development.

Centogene N.V. will hold a Virtual Investor Event on June 22, 2021, showcasing its leadership team's vision and strategy for the future. The company, a leader in rare genetic disease diagnostics, aims to leverage its extensive Bio/Databank to enhance orphan drug development. The event will discuss Centogene's strategy to create value for both patients and investors. The company has collaborated with over 30 pharmaceutical partners and possesses a rare disease platform with over 3.9 billion data points from approximately 600,000 patients.

Centogene N.V. (Nasdaq: CNTG) has initiated the EFRONT Study to investigate genetic mutations in frontotemporal dementia (FTD) patients, supported by Alector, Inc. (Nasdaq: ALEC). The study aims to enroll over 3,000 participants across multiple European countries, utilizing Centogene's Bio/Databank for genetic testing. FTD, affecting approximately 110,000 patients in the EU and 50,000 in the U.S., currently has no approved treatments. The collaboration aims to deepen understanding of FTD's genetic factors, ultimately facilitating new treatment developments.

CENTOGENE N.V. (Nasdaq: CNTG) has launched NEW CentoXome, a next-generation sequencing solution designed for diagnosing rare diseases. This enhanced Whole Exome Sequencing (WES) solution increases diagnostic yield by up to 20% compared to conventional WES. Leveraging CENTOGENE’s extensive Bio/Databank, which includes data from approximately 600,000 patients, the CentoXome provides improved clinical reporting and enhanced coverage across crucial genes. The new service is complemented by lifelong diagnostic support and a proactive variant reclassification program.

Centogene N.V. (Nasdaq: CNTG) has nominated Rene Just as the new Chief Financial Officer (CFO), effective June 1, 2021. This change comes as current CFO Richard Stoffelen steps down on June 30, 2021. Just brings over 20 years of finance experience, previously serving as Group CFO at Riemser Pharma Holding. Under Stoffelen's leadership, Centogene grew significantly, achieving record revenues in 2020. The company plans to outline its vision and strategy at an upcoming investor event on June 22.