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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) announced a collaboration with Ultima Genomics to integrate the Olink® Explore assay with Ultima's sequencing technology, enhancing high-throughput proteomics applications. Initial proof of concept data indicates similar performance to existing assays, potentially expanding access to Olink's innovative technology. This partnership aims to provide clients with optimal sequencing platform options as demand for proteomics grows. Olink believes this collaboration will be crucial in developing the next-generation sequencing market.
Olink and Singular Genomics Systems have partnered to integrate Olink's Explore proteomics platform with Singular's G4 Sequencing Platform, utilizing Max Read kits to enable up to 4 billion reads per run. This collaboration aims to enhance throughput and reduce costs in proteomics research. The partnership reflects Olink's commitment to provide flexible solutions for its customers and extend the application portfolio for G4 users. Both companies emphasize the benefits of this integrated solution, designed to optimize sequencing choices for proteomics customers.
Olink Holding AB (Nasdaq: OLK) has collaborated with Element Biosciences to enhance the Olink® Explore high-throughput proteomics platform with the AVITI System, a next-generation sequencing platform launched in March 2022. A proof-of-concept study indicates high compatibility between the two technologies. This partnership aims to expand Olink's product accessibility and integrate advanced applications for researchers. CEO Jon Heimer emphasized the importance of making their products widely available to enhance biological understanding.
Olink Holding AB (Nasdaq: OLK) has partnered with Pharma Foods International (PFI) to utilize Olink's technology for protein analysis services in Japan. This collaboration marks PFI as the first firm in Japan to offer services using the Olink Signature Q100 platform, which will aid in their development of pharmaceuticals and functional foods. This partnership aligns with Olink's strategy to penetrate the food supplement market, leveraging PFI's 20 years of experience in the industry to meet market demands.
Olink Holding AB (Nasdaq: OLK) will participate in the 43rd Annual Goldman Sachs Global Healthcare Conference on June 14, 2022, at 2:00 pm PT / 5:00 pm ET. Company management will take part in a fireside chat during the event. Interested parties can access a live and archived webcast of the discussion through the Investors section of Olink's website. Founded in 2016 and headquartered in Uppsala, Sweden, Olink is focused on accelerating proteomics to enhance patient outcomes through innovative scientific solutions.
Olink Holding AB (Nasdaq: OLK) reported Q1 2022 revenue of $22.7 million, a 66% increase from Q1 2021. Key drivers included a 74% growth in analysis services revenue, totaling $16.6 million. Adjusted EBITDA was ($9.1) million with a net loss of ($12.2) million, improving from a net loss of ($14.3) million in the prior year. The company maintains its 2022 revenue guidance of $138-$145 million, signaling expected growth of 45%-53%. Olink's investment in commercial and R&D initiatives is set to support continued growth.
Olink Holding AB (Nasdaq: OLK) announced its collaboration with Oxford Genomics at the University of Oxford, marking it as the first Olink certified laboratory in the UK. This partnership aims to leverage Olink's Explore platform to enhance disease research, particularly for complex conditions like Parkinson's and Alzheimer's. The advanced Olink Explore 3072 platform enables measurement of up to 3,000 proteins per sample, employing Proximity Extension Assay technology.
CEO Jon Heimer emphasized the significance of this partnership in advancing personalized medicine and accelerating drug development.
Olink Holding AB (Nasdaq: OLK) will release its first-quarter 2022 financial results on May 12, 2022, before the market opens. A conference call will follow at 8:00 am ET, where management will discuss the results. Interested investors can participate by dialing (833) 562-0120 for domestic calls or (661) 567-1096 for international calls, using Conference ID: 5650306. A live webcast will also be available on the Olink website, with an archived replay for at least 90 days.
At the Annual General Meeting (AGM) of Olink Holding AB on April 7, 2022, several key resolutions were adopted. The AGM approved the income statement and balance sheet for 2021, with no dividends declared for that financial year. The Board of Directors' composition was confirmed, including the re-election of Jon Hindar as Chair. Additionally, the AGM approved two Long Term Incentive programs, potentially diluting shares by 0.14% and 1.63%. Authorization was granted for the Board to issue new shares, limited to a dilution of 20%. The total remuneration for the Board amounted to USD 640,000.
Olink Holding AB (Nasdaq: OLK) has made its 2021 Annual Report available on its website, showcasing its commitment to advancing proteomics. The company collaborates with biopharmaceutical firms and academic institutions to enhance understanding of human biology, aiming for impactful healthcare solutions. Established in 2016, Olink operates globally, focusing on pivotal scientific discoveries across various disease areas. The report reflects Olink's dedication to both innovation and patient outcomes.
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