Welcome to our dedicated page for Singular Genomics Systems news (Ticker: OMIC), a resource for investors and traders seeking the latest updates and insights on Singular Genomics Systems stock.
Singular Genomics Systems, Inc. is a pioneering life science technology company headquartered in La Jolla, California. Positioned in the heart of the biotech hub near the Pacific Ocean, Singular Genomics is surrounded by prestigious institutions such as the Salk Institute, Scripps, Sanford Burnham, and UCSD. The company is at the cutting edge of genomics, one of the world's fastest-growing industries, and boasts a dynamic and fast-paced work environment that encourages innovation and results.
Singular Genomics is committed to advancing science and medicine through the development of next-generation sequencing (NGS) and multiomics technologies. Their product portfolio includes the G4 Sequencing Platform and the PX Integrated Solution, each designed to cater to distinct market needs. The G4 Sequencing Platform targets the NGS market, while the PX Integrated Solution focuses on single-cell, spatial analysis, and proteomics markets. These products are applicable in diverse fields such as oncology, immunology, neurology, genetic diseases, infectious diseases, and the human microbiome.
The company also recently introduced the G4X™ Spatial Sequencer, a high-throughput in situ spatial sequencing platform capable of direct RNA sequencing, targeted transcriptomics, proteomics, and fluorescent H&E staining from formalin-fixed, paraffin-embedded (FFPE) tissues. This upgrade to the G4 Sequencing Platform marks Singular Genomics as the only company worldwide to offer capabilities for tissue-based in situ spatial multiomics and NGS on the same instrument.
Singular Genomics prides itself on its strong culture of collaboration and innovation. The company offers competitive benefits, including free gym memberships, a 401k plan, flexible vacation policies, and equity incentives, allowing employees to grow alongside the company. The firm’s mission is to empower researchers and clinicians to advance science and medicine, driving forward the potential of genomics to improve human health.
In recent developments, Singular Genomics' management participated in a panel discussion titled “Emerging Life Science Technologies Across Genomics and Proteomics.” This event highlighted their ongoing commitment to innovation and collaboration within the field. The company continues to make significant strides with the G4X system, which promises unprecedented throughput and capabilities for spatial profiling of tissue, further cementing its role as a leader in genomics technology.
Singular Genomics Systems, Inc. (Nasdaq: OMIC) will present at the UBS Genomics 2.0 and MedTech Innovations Summit on August 11, 2022, in Laguna Beach, California. The company's management will participate in a fireside chat scheduled for 1:00 p.m. PT / 4:00 p.m. ET. Investors can access a live and recorded webcast of the event on the company's investor site. Singular Genomics focuses on advanced next-generation sequencing and multiomics technologies, featuring its G4 Sequencing Platform and the upcoming PX system aimed at single-cell analysis.
Singular Genomics Systems is set to release its Q2 2022 financial results on August 9, 2022, after market close. The management will host a conference call at 1:30 p.m. Pacific Time to discuss the results. Investors can access the live and archived webcast through the company's investor relations site.
Singular Genomics develops next-generation sequencing and multiomics technologies, with its G4 Sequencing Platform already on the market and another system, PX, in development.
Olink and Singular Genomics announced a collaboration to integrate Olink's high-throughput proteomics platform with Singular's G4 Sequencing Platform using Max Read kits. This partnership aims to enhance proteomics research, offering up to 4 billion reads per run, thus improving cost-effectiveness and throughput. Executives from both companies highlight the potential for expanded customer options in sequencing technologies. This collaboration continues Olink's strategy to broaden its offerings since 2020.
Singular Genomics Systems Inc. (Nasdaq: OMIC) and TwinStrand Biosciences have announced a strategic partnership to enhance next-generation sequencing (NGS) technologies, particularly for detecting measurable residual disease (MRD) in oncology.
This collaboration combines TwinStrand’s Duplex Sequencing with Singular’s HD-Seq™ technology on the G4 Sequencing Platform, aiming to improve mutation detection sensitivity.
The partnership targets reduced sequencing costs, quicker turnaround times, and higher accuracy, potentially leading to a significant impact in cancer treatment and monitoring.
Singular Genomics Systems (Nasdaq: OMIC) announced plans to present at the Goldman Sachs 43rd Annual Global Healthcare Conference on June 14, 2022, at 4:00 p.m. PT. Management will participate in a fireside chat, which will be available via live and recorded webcast on the company's investor relations website.
Singular Genomics specializes in next-generation sequencing (NGS) and multiomics technologies, aiming to enhance genomic research and clinical applications. Their products include the G4 for NGS and the PX for integrated multiomics analysis.
Singular Genomics Systems, Inc. (Nasdaq: OMIC) reported financial results for Q1 2022, highlighting significant operational advancements. The company is on track to ship its G4 instruments and F2 flow cell kits in Q2 2022, bolstered by robust validation from its Beta and Early Access Program. Financially, operating expenses rose to $22.0 million due to headcount growth and investments in the G4 launch. The net loss was $22.0 million, or $0.31 per share, improved from a loss of $23.9 million in Q1 2021. Cash reserves stand at $316.0 million as of March 31, 2022.
Singular Genomics Systems (Nasdaq: OMIC) has announced a collaboration with NVIDIA to enhance the performance of its G4 Sequencing Platform using NVIDIA Clara Parabricks for secondary analysis. This partnership aims to optimize bioinformatics workflows for applications such as whole genome sequencing and RNA sequencing, enabling accelerated results for researchers. Users can access this solution through Amazon Web Services Cloud or on-premises with NVIDIA GPUs. The collaboration is expected to reduce time to results, thereby enhancing scientific and medical research capabilities.
Singular Genomics Systems, Inc. (Nasdaq: OMIC) has established a scientific advisory board (SAB) to enhance its product offerings and R&D pipeline. The SAB features distinguished experts, including Eli Glezer, Ph.D., as Chair, highlighting expertise in DNA sequencing and oncology. Notable members include David L. Barker, Ph.D., Lawrence Fong, M.D., and Elaine Mardis, Ph.D. The board will contribute to the advancement of Singular’s G4 sequencing system and the development of the innovative PX platform for spatial biology, aiming to accelerate genomics and improve clinical utility.
Singular Genomics Systems will disclose its Q1 2022 financial results on May 10, 2022, after market close. A conference call for management's discussion of results is scheduled for 1:30 p.m. PT / 4:30 p.m. ET. The company focuses on next-generation sequencing and multiomics technologies, aiming to enhance research and clinical applications. Singular's products, including the G4 and the upcoming PX, support its mission to advance genomics in science and medicine.
Singular Genomics Systems, Inc. (NASDAQ: OMIC) reported its Q4 and FY 2021 results, highlighting a net loss of $19.8 million for Q4 and $98.8 million for the full year. Operating expenses surged to $19.7 million in Q4 from $7.6 million YoY, driven by headcount growth and G4 product launch investments. The company initiated its G4 commercial launch, secured initial orders, and demonstrated industry-leading sequencing accuracy of ~99.8%. Cash and equivalents were approximately $339.2 million as of December 31, 2021.
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