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Centogene N.V. Common Shares - CNTG STOCK NEWS

Welcome to our dedicated page for Centogene N.V. Common Shares news (Ticker: CNTG), a resource for investors and traders seeking the latest updates and insights on Centogene N.V. Common Shares stock.

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.

Rhea-AI Summary

CENTOGENE N.V. (Nasdaq: CNTG) announced significant growth in the CENTOGENE Biodatabank, with over 850,000 diverse patient insights for rare and neurodegenerative diseases. The data aids in precise diagnosis, new genetic variant identification, and drug development de-risking. With patients from 120+ countries, the biobank supports a vast diagnostic testing portfolio, 300 publications, and 48 pharma collaborations.

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Centogene N.V. (CNTG) received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's common shares listed on Nasdaq fell below US$1.00 for 30 consecutive business days. Centogene has 180 days to regain compliance by maintaining a bid price of at least US$1.00 per share for 10 consecutive business days.
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Centogene N.V. extends partnership with Takeda to provide efficient diagnosis for Lysosomal Storage Disorders globally, emphasizing rapid and reliable diagnostics for diseases like Fabry disease, Gaucher disease, and Hunter syndrome.
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CENTOGENE N.V. announces rare findings on pre-TCRα deficiency, highlighting the prevalence of partial forms over complete deficiency. The study sheds light on the impact on human immunity and potential noncanonical pathways for T cell development.
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Centogene N.V. (CNTG) announces exploration of strategic alternatives to enhance long-term value creation. The company aims to leverage its position as a world leader in rare disease diagnostics and pharma services. Management and the Supervisory Board are collaborating to evaluate options for sustainable growth and profitability.
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Centogene N.V. (CNTG) received a staff determination letter from Nasdaq regarding potential delisting due to non-compliance with the minimum USD $15 million Market Value of Publicly Held Shares requirement. However, this will not immediately result in the suspension or delisting of the company's securities. The company plans to request a hearing before a Hearings Panel to address the issue.
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CENTOGENE N.V. (CNTG) and the Laboratory of Human Genetics of Infectious Diseases at Institut Imagine have announced a strategic research collaboration to accelerate and de-risk drug discovery and clinical development for rare disease patients. The collaboration aims to leverage the CENTOGENE Biodatabank, containing over 70 million unique genetic variants collected from more than 800,000 patients from over 120 countries, to discover and validate novel genetic and biochemical targets for future development of rare disease therapies. The partnership will integrate multiomics and bioinformatics to analyze the diverse data and improve patient health outcomes.
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Centogene N.V. (CNTG) has been recognized by the French Ministry of Higher Education and Research as a qualified organization to support partners conducting R&D projects in France, enabling eligible research-based companies to claim tax relief on 30% of all costs incurred in R&D activities outsourced to CENTOGENE. This accreditation will lower overall R&D costs and support current and future partners in generating novel insights and delivering data-driven, life-changing answers to rare and neurodegenerative disease patients.
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Centogene N.V. (Nasdaq: CNTG) and The Michael J. Fox Foundation for Parkinson’s Research (MJFF) have announced a collaboration to accelerate research on genetic risk factors associated with Parkinson’s disease (PD), specifically targeting the role of variants in the GBA gene. The aim is to establish a deeper understanding of the relationship between specific GBA gene variants and PD, leveraging CENTOGENE’s expertise in rare genetic and neurodegenerative diseases and MJFF’s extensive expertise and resources. PD is a devastating neurodegenerative disease affecting over 10 million people worldwide, with many cases being linked to genetic factors. The research project will draw on diverse multiomic data in the CENTOGENE Biodatabank, which currently contains more than 800,000 patients representing over 120 highly diverse countries, including over 15,000 Parkinson’s disease datasets from the Company’s ROPAD Study, the world’s largest observational study on PD genetics.
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Centogene N.V. (Nasdaq: CNTG) announced preliminary unaudited revenue for full year 2023 between approximately €48.5 million and €49.0 million, reflecting a growth rate over 2022 in the mid-single digits. They strengthened their diagnostic portfolio, launched additional data and wet lab solutions, and expanded their partnership model with a new joint venture in Saudi Arabia. However, they experienced a lag in Pharma program timelines, impacting their full year 2023 Pharma segment revenue. Heading into 2024, their Pharma order book is set to hit new record levels, with extended relationships with existing biopharma partners and collaborations with 10 new partners.
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FAQ

What is the current stock price of Centogene N.V. Common Shares (CNTG)?

The current stock price of Centogene N.V. Common Shares (CNTG) is $0.5194 as of February 7, 2025.

What is the market cap of Centogene N.V. Common Shares (CNTG)?

The market cap of Centogene N.V. Common Shares (CNTG) is approximately 9.4M.

What does Centogene N.V. specialize in?

Centogene specializes in genetic diagnostics and multiomic testing for rare and neurodegenerative diseases, leveraging its proprietary biodatabank.

What is the CENTOGENE Biodatabank?

The CENTOGENE Biodatabank is the world's largest real-world multiomic data repository for rare diseases, containing data from over 850,000 patients across 120 countries.

How does Centogene collaborate with pharmaceutical companies?

Centogene partners with pharmaceutical companies to accelerate drug discovery and development by providing genetic insights and de-risking clinical trials.

What types of tests does Centogene offer?

Centogene offers a range of genetic and biochemical tests, including whole exome sequencing (WES), whole genome sequencing (WGS), and biomarker analyses.

What makes Centogene unique in the diagnostics market?

Centogene's integration of diagnostics, multiomic data, and pharmaceutical collaboration, along with its diverse biodatabank, sets it apart in the diagnostics market.

What diseases does Centogene focus on?

Centogene focuses on rare and neurodegenerative diseases, offering diagnostic solutions for over 2,500 conditions.

Who are Centogene's key collaborators?

Centogene collaborates with pharmaceutical companies like Takeda and Evotec, as well as academic institutions and healthcare providers.

What is the ROPAD Study?

The ROPAD Study is Centogene's global epidemiological study investigating the genetic factors and prevalence of Parkinson's disease.
Centogene N.V. Common Shares

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