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About Olink Holding AB (publ)
Olink Holding AB (publ) (Nasdaq: OLK) is a biotechnology company specializing in advancing proteomics research to enable groundbreaking discoveries and improve patient outcomes. Founded in 2016 and headquartered in Uppsala, Sweden, the company operates globally, with a presence across Europe, North America, and Asia. Olink’s innovative platform is designed to deepen the understanding of real-time human biology, empowering researchers to address complex biological questions and drive the development of 21st-century healthcare solutions.
Core Business and Value Proposition
Olink provides a comprehensive platform of products and services tailored for proteomics research. This platform is widely adopted by leading biopharmaceutical companies, clinical research organizations, and academic institutions. By integrating advanced proteomics technologies with data-driven insights, Olink enables its customers to explore protein expression, interactions, and functions across multiple disease areas. The company’s offerings are instrumental in advancing precision medicine, biomarker discovery, and translational research.
Revenue Model and Market Presence
Olink’s business model combines product sales, consumables, and services, creating a hybrid revenue stream. The company’s instruments and consumables are essential for conducting proteomics experiments, while its data analysis services provide actionable insights. This recurring revenue model positions Olink as a key partner for organizations aiming to accelerate their research workflows. With a strong foothold in the proteomics market, Olink serves as a bridge between cutting-edge science and practical healthcare applications.
Industry Context and Competitive Landscape
The proteomics industry is a rapidly growing segment within biotechnology, driven by the increasing demand for precision medicine and personalized healthcare. Olink operates at the forefront of this industry, leveraging its proprietary technologies to deliver high-throughput, high-precision proteomics solutions. The company differentiates itself through its ability to provide scalable and actionable data, addressing the needs of both commercial and academic researchers. While the industry presents challenges such as high R&D costs and regulatory hurdles, Olink’s innovative approach and global reach position it as a significant player in the market.
Significance and Impact
Olink’s contributions to the scientific community extend beyond its products and services. By enabling researchers to gain deeper insights into protein biology, the company plays a crucial role in advancing our understanding of complex diseases, identifying novel therapeutic targets, and improving patient care. Its platform has become a cornerstone for institutions aiming to bridge the gap between research and clinical application, making Olink a pivotal entity in the evolution of modern healthcare.
Olink Holding AB (Nasdaq: OLK) awarded the 2022 Novelties in Biomarkers prize to Maria Martin-Grau from the University of Valencia at the Biomarkers of the Future conference in Paris. This annual award, established in 2019, aims to promote young researchers in biomarker discovery. The theme for this year attracted over 30 submissions across various medical fields. The conference emphasized the importance of proteomics and the necessity for industry and academia to support young talents in expanding the field. Olink's initiative addresses the existing skills gap in proteomics.
Olink Holding AB (Nasdaq: OLK) has launched the Olink® Flex, a customizable product that allows users to select up to 21 human proteins for analysis using absolute quantification. The Olink® Flex offers significant advantages such as high specificity, sensitivity, and a broad dynamic range, while also enabling efficient workflows with minimal hands-on time. Customers can choose assays from over 200 biomarkers related to various diseases, facilitating targeted research in immunology, oncology, and more. This innovative product enhances Olink's portfolio and aims to meet diverse protein biomarker research needs.
Olink Holding AB (Nasdaq: OLK) reported third-quarter 2022 revenues of $31.8 million, a 59% increase from the prior year. The company's Explore segment contributed $21.7 million or 68% of total revenue, while kits revenue surged 265% year-over-year to $13.4 million. Olink anticipates full-year 2022 revenue between $138 million and $142 million, reflecting strong growth rates. Adjusted EBITDA improved to ($1.7 million) versus ($7.5 million) in Q3 2021, demonstrating recovery. However, foreign currency headwinds impacted expectations.
Olink (Nasdaq: OLK) announced a significant milestone, surpassing 1,000 peer-reviewed publications utilizing its Proximity Extension Assay (PEA) technology. This achievement highlights the rapid adoption of Olink's protein biomarker solutions in scientific research, with over 230 articles published in 2022 alone. The technology is applicable to diverse research areas, including cardiovascular, metabolic, neurological, and immunological diseases, as well as COVID-19. Olink's scalable technology supports studies ranging from small sample analyses to large international projects, emphasizing its transformative role in proteomics and precision medicine.
Olink Holding AB (Nasdaq: OLK) announced participation in two upcoming investor events. The Olink Investor Day 2022 is scheduled for November 14 at 11:00 am ET, followed by the Canaccord Genuity MedTech Forum on November 17 at 2:00 pm ET. A live and archived webcast of the Investor Day will be accessible on Olink's website. Founded in 2016 and headquartered in Uppsala, Sweden, Olink focuses on advancing proteomics to enable scientific discoveries and improve patient outcomes.
On October 24, 2022, Olink Holding AB (Nasdaq: OLK) launched Olink® Insight, a new online platform designed to enhance proteomics data analysis. This platform features tools like Pathway Explorer, Annotation, and Normal Ranges, aimed at simplifying user experiences with protein studies. Olink's commitment to innovation is reflected in its collaboration with the scientific community to provide high-quality, actionable data. The platform will initially focus on cancer in its upcoming Disease Atlas, expanding to other diseases in the future.
Olink Holding AB (Nasdaq: OLK) will announce its financial results for Q3 2022 on November 10, 2022, before the market opens. A conference call with company management will follow at 8:00 am ET, providing insights into the financial performance and strategic direction of the company. Interested investors can register online for the call, and a live webcast will also be available on Olink's website. The webcast will be archived for 90 days.
Personalis, Inc. (NASDAQ: PSNL) has partnered with Duke University and Olink Proteomics AB to research the effects of immunotherapy on advanced gastroesophageal cancer. The collaboration aims to identify composite biomarkers to enhance therapeutic decision-making. Gastroesophageal cancer is prevalent, with nearly 50% of patients facing advanced stages at diagnosis. Key goals include understanding responses to pembrolizumab, an approved immunotherapy, and developing strategies to optimize treatment effectiveness. The study will leverage Personalis' cutting-edge technology for comprehensive tumor profiling.
Olink Holding AB (Nasdaq: OLK) has partnered with Discovery Life Sciences to create the largest commercial platform for Olink's technology in the Americas, enhancing proteomics research capabilities. This collaboration aims to facilitate the discovery and validation of protein biomarkers, bridging the gap between genomics and phenotypes. Olink's PEA technology will complement Discovery's existing services, including genomic and tissue biomarkers, improving drug development processes. This strategic alliance is positioned to expand Olink's market reach and support precision medicine initiatives.
On September 20, 2022, Discovery Life Sciences announced a major collaboration with Olink Holding AB to install the largest commercial platform of Olink's PEA technology in the Americas. This partnership aims to enhance biomarker discovery and validation services, positioning Discovery as a leading global certified service provider. The Olink PEA technology supports high-specificity proteomics, offering dual readout options like next-generation sequencing and qPCR. This installation significantly expands Discovery's multi-omic capabilities, furthering their commitment to innovation in precision medicine.
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