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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.

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Centogene N.V. (Nasdaq: CNTG) announced the voting results of the Company’s Extraordinary General Meeting, including the adoption of Dutch statutory annual accounts for the financial year ended December 31, 2022, all passed by the requisite majority.
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Centogene N.V. (Nasdaq: CNTG) has achieved its initial recruitment and genetic testing milestone in the EFRONT Study, aimed at advancing the genetic understanding of frontotemporal dementia (FTD). The study is conducted with support from Alector, a clinical-stage biotechnology company. CENTOGENE will continue to work with its network of physicians to enroll patients in the study under its Cento-FTD Program.
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Centogene N.V. (Nasdaq: CNTG) has formed a new joint venture (JV) with Lifera, a biopharmaceutical company wholly-owned by the Public Investment Fund (PIF), to provide state-of-the-art genomic and multiomic testing services to patients, health systems, biopharma clients, and research institutions across the Gulf Cooperation Council (GCC) region. The JV, Lifera Omics, located in Riyadh, Saudi Arabia, will receive an additional $10 million upfront JV milestone payment, following an initial $30 million investment from Lifera. CENTOGENE will have an 80% ownership structure in Lifera Omics and will be eligible for performance-related milestone payments and revenue-based royalties until the year 2033.
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Centogene N.V. (Nasdaq: CNTG) announced the discovery of a new form of early-onset dystonia and parkinsonism related to the ACBD6 gene. The landmark study published in Brain journal reveals that bi-allelic pathogenic variants in the ACBD6 gene lead to a distinct neurodevelopmental syndrome with complex cognitive and movement disorders. The study identified 45 patients from 29 families across the globe and aims to guide further research for potential treatments and to understand genetic causes and pathways leading to Parkinson’s disease.
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Centogene expands MOx diagnostic portfolio with RNA sequencing for better disease understanding
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Centogene N.V. CEO to present at H.C. Wainwright 25th Annual Global Investment Conference
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Centogene N.V. reports strong revenues and steady growth in both diagnostics and pharma segments. Total revenues for H1 2023 increased by 15.1% to €24.6 million. Diagnostics segment revenues increased by 12.7% to €16.3 million, driven by an increase in test requests. Pharma segment revenues increased by 20.3% to €8.3 million. Operating loss decreased to €21.3 million. Total segment adjusted EBITDA decreased by 45.3% to €2.9 million. Cash and cash equivalents were €14.2 million as of June 30, 2023. Strategic collaboration with Lifera secures $30 million investment and approx. $50 million in upfront payment and milestones. Positive financial performance reaffirms full year 2023 revenue growth guidance of 10% to 15%.
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Results confirm lyso-Gb1 as a sensitive biomarker for Gaucher disease, predicting clinical course and improving personalized care. Significant correlation found between lyso-Gb1 levels and disease severity. Study sets standard for Gaucher disease care.
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Centogene N.V. receives notification from Nasdaq regarding non-compliance with minimum Market Value of Publicly Held Shares requirement
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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

Nasdaq:CNTG

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