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About Centogene N.V.
Centogene N.V. (Nasdaq: CNTG) is a global leader in the field of genetic diagnostics and multiomic testing services, specializing in rare and neurodegenerative diseases. Founded in 2006, the company has carved a niche in the life sciences industry by integrating advanced sequencing technologies with a robust biodatabank to provide data-driven insights that enable precise diagnosis, drug discovery, and development. Centogene's mission is to deliver life-changing answers to patients, physicians, and pharmaceutical companies worldwide, addressing unmet needs in the healthcare ecosystem.
Core Business Areas
Centogene operates across three primary domains:
- Diagnostics: The company offers a comprehensive portfolio of over 5,000 genetic and biochemical tests, including whole exome sequencing (WES), whole genome sequencing (WGS), and biomarker analyses. Its diagnostic solutions cover more than 19,000 genes, enabling early and accurate detection of over 2,500 rare diseases.
- Biodatabank: At the heart of Centogene's operations is its proprietary CENTOGENE Biodatabank, the world's largest real-world integrated multiomic data repository for rare and neurodegenerative diseases. This database includes over 850,000 patient samples from more than 120 countries, with a significant representation of non-European populations, making it a critical resource for understanding genetic diversity.
- Pharmaceutical Partnerships: Centogene collaborates with leading pharmaceutical companies to accelerate drug discovery and development. By leveraging its biodatabank and multiomic expertise, the company de-risks and expedites the clinical development of targeted therapies, particularly for orphan and neurodegenerative diseases.
Competitive Advantage
Centogene's competitive edge lies in its unique integration of diagnostics, data analytics, and pharmaceutical collaboration. The CENTOGENE Biodatabank serves as a cornerstone for its operations, enabling the identification of novel genetic variants and biomarkers. This data-driven approach not only facilitates accurate diagnostics but also supports the development of precision medicine solutions. Additionally, the company's partnerships with global pharmaceutical giants like Takeda and Evotec underscore its role as a trusted partner in the life sciences industry.
Market Significance
Operating at the intersection of healthcare and biotechnology, Centogene addresses critical gaps in the diagnostics and treatment of rare diseases. Its contributions extend beyond individual patient care to advancing global health insights through its extensive research and development efforts. The company's work has led to over 300 peer-reviewed publications, highlighting its commitment to scientific excellence and innovation.
Collaborative Ecosystem
Centogene's collaborative model includes partnerships with pharmaceutical companies, academic institutions, and healthcare providers. These collaborations focus on accelerating the development of novel therapies, improving patient outcomes, and expanding access to genetic testing. Notable initiatives include the ROPAD Study, which explores the genetic underpinnings of Parkinson's disease, and partnerships aimed at addressing lysosomal storage disorders and other rare conditions.
Future Outlook
With a steadfast commitment to innovation and patient-centric solutions, Centogene is poised to continue its leadership in the genetic diagnostics landscape. By integrating cutting-edge technologies with real-world data, the company aims to transform the diagnosis and treatment of rare and neurodegenerative diseases, ultimately contributing to a world healed of these conditions.
Centogene N.V. (Nasdaq: CNTG) will announce its financial results for Q3 2020 on December 16, 2020, at 8 a.m. EST, during a conference call. The company focuses on rare diseases, utilizing over 3.6 billion weighted data points from approximately 570,000 patients across 120 countries to improve treatment decisions and aid pharmaceutical partners in drug development. As of August 31, 2020, Centogene collaborates with over 40 pharmaceutical companies on 45 rare diseases, establishing a significant footprint in the global rare disease market.
Centogene and Alnylam Pharmaceuticals have launched a joint program named TRAMmoniTTR to conduct genetic screening for hereditary Transthyretin-related Amyloidosis (ATTRv). This initiative builds on the previous TRAM Study, which identified over 1% of 5,000 participants with ATTRv. The TRAMmoniTTR Study will monitor symptomatic and asymptomatic TTR-positive individuals for two years, using Centogene's biomarker profiling to enhance diagnostics. Experts from both companies emphasize the importance of early diagnosis and personalized treatment approaches.
Centogene N.V. (CNTG) has expanded its partnership with PTC Therapeutics to enhance genetic testing for Aromatic L-amino Acid Decarboxylase (AADC) deficiency across Europe, the Middle East, and Latin America. This initiative will provide free biochemical and genetic testing to patients enrolled in the REVEAL CP study, aimed at identifying AADC deficiency in individuals with cerebral palsy. The study utilizes CentoCard® blood samples to detect elevated 3-O-Methyldopa levels, critical for timely diagnosis and treatment options for this ultra-rare genetic disorder.
On November 13, 2020, CENTOGENE (Nasdaq: CNTG) announced the nomination of Dr. Jonathan G. Sheldon to the Supervisory Board, to be proposed at an Extraordinary General Meeting. Dr. Sheldon, Senior VP at QIAGEN, is recognized for his contributions to data interpretation in rare diseases. CENTOGENE focuses on transforming clinical and genetic data to assist in diagnosis and drug development for rare diseases, boasting a repository of over 3.6 billion data points from 570,000 patients across 120 countries.
Centogene (Nasdaq: CNTG) has partnered with Fujirebio Europe to enhance COVID-19 antigen testing using the LUMIPULSE® G technology, specifically in German airports. Fujirebio will supply LUMIPULSE G1200 instruments, enabling rapid results within 40 minutes from sample receipt. Centogene will manage sample collection via swabs and conduct analysis in their laboratories. The initial testing phase with Lufthansa starts November 12, offering free tests for select flights from Hamburg. This collaboration aims to improve COVID-19 testing capabilities and contribute to prevention efforts.
CENTOGENE has expanded its SARS-CoV-2 testing services to Berlin Brandenburg Airport (BER), marking its fourth major airport testing center in Germany. Passengers at BER, alongside the general public, can now access PCR tests from 7:00 a.m. to 7:00 p.m. without prior appointments. The initiative aims to facilitate safe travel during the COVID-19 pandemic, with results provided within 24 hours. CENTOGENE's test has received Emergency Use Authorization from the FDA, ensuring reliability and compliance with data privacy regulations.
Centogene N.V. (Nasdaq: CNTG) announces the departure of Prof. Arndt Rolfs as CEO effective October 20, 2020, with Dr. Andrin Oswald to take over on December 1, 2020. Prof. Rolfs will continue to advise during the transition. Dr. Oswald brings over 20 years of healthcare leadership experience, aiming to further expand Centogene's role in rare disease diagnostics. The company has developed a unique platform based on extensive real-world data, supporting improved clinical outcomes and drug development for rare diseases. Prof. Rolfs' leadership was instrumental in positioning the company for growth.
Centogene N.V. (Nasdaq: CNTG) has increased its full-year 2020 revenue guidance, projecting revenues above €80 million, up from a previous range of €60-65 million. This adjustment follows improved performance in their Covid-testing segment and a recovery in core business operations post-Q2 pandemic impacts. CFO Richard Stoffelen noted substantial growth in Covid-testing revenue and expressed optimism about continued business momentum. The company monitors its outlook closely as it aims to support health and safety globally.
Centogene N.V. (Nasdaq: CNTG) announced that the FDA has granted Emergency Use Authorization (EUA) for its new SARS-CoV-2 RT-PCR test, CentoSure. This test allows for screening individuals without COVID-19 symptoms, aiming to enhance widespread testing efforts in the U.S. and beyond. Prof. Arndt Rolfs, CEO, emphasized the importance of broad testing to curb virus spread. The assay has passed validation in their certified lab, indicating a commitment to quality and precision in COVID-19 diagnostics.
Centogene (Nasdaq: CNTG) has partnered with U-Diagnostics to enhance COVID-19 testing in the Netherlands amidst rising infection rates. This collaboration aims to address the current testing capacity shortage by leveraging Centogene's testing technologies, including the CentoSwab™ and RT-PCR analysis, to provide timely testing services. The partnership underscores the importance of innovative solutions to combat the pandemic. Both companies aim to facilitate accessible testing to protect community health and support economic stability.
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