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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.

Centogene N.V. (symbol: CNTG) is a leading global company in the field of genetic diagnostic testing for rare hereditary diseases. With an expansive test portfolio covering over 2,800 genes, as well as biochemical and biomarker tests, the company offers unparalleled expertise in whole exome sequencing and whole genome sequencing. Centogene's mission is to provide data-driven, life-changing answers to patients, physicians, and pharmaceutical companies by diagnosing the root causes of symptoms early on.

Centogene leverages its unique CentoMD® mutation database, integrating genetic and clinical information to deliver the highest quality genetic testing and biomarker development. This extensive database allows the company to maintain the largest systematic documentation of genetic results worldwide.

Beyond individual diagnostic services, Centogene is a pivotal partner for pharmaceutical companies, offering essential services such as early patient recruitment, epidemiological insights, biomarker discovery, and patient monitoring. The company operates in two main segments: pharmaceutical and diagnostics, serving regions including Europe, the Middle East, North America, and Latin America.

Recent achievements include the launch of innovative genomic and multiomic products, a significant joint venture in Saudi Arabia, and expanded collaborations with long-standing and new pharma partners. Despite the challenges posed by current financial markets, Centogene remains committed to growth and profitability, exploring strategic alternatives to unlock value for its stakeholders.

With ISO, CAP, and CLIA certified multiomic reference laboratories in Germany, Centogene's research and development efforts have led to over 285 peer-reviewed publications. The company's pioneering work in rare and neurodegenerative diseases has fostered collaborations with over 50 pharmaceutical partners, accelerating drug discovery and development.

To discover more about Centogene's products, pipeline, and patient-driven purpose, visit their website and follow them on LinkedIn.

News

CENTOGENE and Lifera, a Public Investment Fund (PIF) Company, Complete Strategic Joint Venture Transaction

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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, University College London, and Global Team of Researchers Discover Gene Associated With New Neurodevelopmental Disease Linked to Early-Onset Dystonia and Parkinsonism

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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 Multiomic Diagnostic Portfolio With Newly-Launched Transcriptomic Offering

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Centogene expands MOx diagnostic portfolio with RNA sequencing for better disease understanding
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CENTOGENE to Present at H.C. Wainwright 25th Annual Global Investment Conference

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Centogene N.V. CEO to present at H.C. Wainwright 25th Annual Global Investment Conference
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CENTOGENE Reports First Half 2023 Financial Results

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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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CENTOGENE Announces Publication Establishing Lyso-Gb1 as a Predictive Biomarker for Gaucher Disease Patients

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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 Receives Nasdaq Non-Compliance Notification Regarding Minimum Market Value of Publicly Held Shares Deficiency

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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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CENTOGENE to Participate in Upcoming Conferences in August

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CENTOGENE Regains Compliance With Nasdaq Listing Requirements

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Centogene N.V. (Nasdaq: CNTG) has regained compliance with Nasdaq listing standards, meeting the minimum bid price and Market Value of Publicly Held Shares requirements. The company was previously notified of non-compliance due to its stock failing to meet the closing bid price of USD 1.00 for 30 consecutive business days and not meeting the minimum MVPHS of USD 15 million. However, as of July 12, 2023, the bid price requirement was met, and as of July 13, 2023, the MVPHS requirement was also fulfilled.
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CENTOGENE Biodatabank Reveals Unique Genetic Variants in World's Largest Niemann-Pick Type C1 Disease Cohort

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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 August 8, 2024.

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 N.V. specializes in genetic diagnostic testing for rare hereditary diseases and offers a broad portfolio of genetic, biochemical, and biomarker tests.

What is CentoMD®?

CentoMD® is Centogene's mutation database that integrates genetic and clinical information, enabling high-quality genetic testing and biomarker development.

Which segments does Centogene operate in?

Centogene operates in two segments: pharmaceutical and diagnostics.

What regions does Centogene serve?

Centogene serves Europe, the Middle East, North America, and Latin America.

Who are Centogene’s main partners?

Centogene partners with leading pharmaceutical companies for services such as patient recruitment, biomarker discovery, and patient monitoring.

What are some recent achievements of Centogene?

Recent achievements include launching innovative genomic products, forming a joint venture in Saudi Arabia, and expanding pharma collaborations.

How does Centogene contribute to drug discovery?

Centogene accelerates drug discovery through partnerships with pharmaceutical companies, leveraging their extensive genetic data and multiomic technologies.

What research certifications does Centogene hold?

Centogene holds ISO, CAP, and CLIA certifications for their multiomic reference laboratories in Germany.

How extensive is Centogene's physician network?

Centogene has built a network of approximately 30,000 active physicians since its founding in 2006.

Where can I learn more about Centogene?

You can learn more about Centogene by visiting their website at www.centogene.com and following them on LinkedIn.

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Centogene N.V. Common Shares

Nasdaq:CNTG

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9.43M
29.00M
4.57%
66.89%
0.28%
Diagnostics & Research
Healthcare
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United States of America
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