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OPGEN INC - OPGN STOCK NEWS

Welcome to our dedicated page for OPGEN news (Ticker: OPGN), a resource for investors and traders seeking the latest updates and insights on OPGEN stock.

OpGen, Inc. (NASDAQ: OPGN) is a leader in the field of precision medicine, leveraging advanced molecular diagnostics and bioinformatics to address the pressing issue of infectious diseases. By utilizing their expansive Acuitas Lighthouse® knowledgebase, which contains pathogen data from around the globe, OpGen aims to revolutionize the management of infectious diseases and combat antibiotic resistance.

The company's core offerings include CLIA-certified clinical laboratory services that provide rapid detection and analysis of antibiotic resistance, as well as high-resolution microbial sequence analysis. Their FDA-cleared IVD products are instrumental in identifying pathogens in positive blood cultures swiftly and accurately.

OpGen's groundbreaking products and services are designed to guide healthcare professionals by providing rapid and actionable information about life-threatening infections. This ultimately helps to improve patient outcomes and reduce the spread of infections caused by multi-drug resistant organisms (MDROs). The company’s proprietary DNA tests and informatics tools are pivotal in optimizing care decisions for patients with acute infections.

Among its innovative solutions are the Unyvero platform and the ARES Technology Platform, which includes ARESdb, NGS technology, and AI-powered bioinformatics solutions such as ARESiss, ARESid, ARESasp, and AREScloud. These technologies collectively enhance the ability to predict antibiotic responses and manage infectious threats effectively.

OpGen also collaborates with its subsidiaries, Curetis GmbH and Ares Genetics GmbH, albeit both subsidiaries are currently undergoing insolvency proceedings under German and Austrian laws, respectively. Despite these challenges, OpGen continues to focus on developing and commercializing comprehensive molecular microbiology solutions.

Recent achievements of OpGen include the introduction of new features in their AREScloud technology, the announcement of their second and third-quarter financial results for 2023, and ongoing adjustments to their corporate strategy to navigate the dynamic healthcare landscape.

For more detailed information about the company and its latest developments, visit www.opgen.com.

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OpGen's German subsidiary Curetis GmbH has successfully met all milestones under its research and development collaboration agreement with FIND. The collaboration has resulted in the development of an antibiotic stewardship module, a 'data everywhere' module for mobile and cloud-based data access, and comprehensive next-generation sequencing results. The achievement triggers an additional milestone payment of approximately $0.2 million.
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OpGen's German subsidiary, Curetis GmbH, has received a batch of ten Unyvero A30 C-Series instruments that have passed testing and are optimized for production and clinical trials. The instruments will enable rapid sample-to-answer molecular testing with various chemistries and assay formats. The C-Series instruments have been improved for manufacturability, serviceability, and robustness, with extended lifetime of key moving parts and reduced manufacturing costs. The company plans to use these instruments for further product development, clinical trials, and regulatory submissions.
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OpGen, Inc. (Nasdaq: OPGN) has achieved significant milestones in its R&D collaboration with FIND, leading to a milestone payment of approximately $0.3 million. This follows the successful delivery of a comprehensive report confirming all project requirements were met under the initial agreement. The collaboration focuses on the development of the Unyvero A30 panel, which includes 33 diagnostic targets, optimized for use in low- and middle-income countries (LMICs). Prototypes designed for challenging environments have been developed, marking progress in enhancing medical diagnostics in those regions. Both OpGen and FIND express optimism about future collaboration to improve testing for bloodstream infections in LMIC hospitals.

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FAQ

What is the current stock price of OPGEN (OPGN)?

The current stock price of OPGEN (OPGN) is $1.5 as of November 22, 2024.

What is the market cap of OPGEN (OPGN)?

The market cap of OPGEN (OPGN) is approximately 4.3M.

What does OpGen, Inc. specialize in?

OpGen, Inc. specializes in precision medicine, utilizing molecular diagnostics and bioinformatics to manage infectious diseases and combat antibiotic resistance.

What are the core products and services of OpGen?

OpGen offers CLIA-certified clinical laboratory services, FDA-cleared IVD products, and proprietary DNA tests. Their platforms include Unyvero and ARES Technology.

How does OpGen contribute to combating antibiotic resistance?

OpGen's molecular diagnostics and informatics tools provide rapid and actionable information to healthcare providers, helping to optimize care decisions and combat antibiotic resistance.

What is the Acuitas Lighthouse® knowledgebase?

The Acuitas Lighthouse® knowledgebase is a comprehensive database of pathogen information from around the world, used by OpGen to develop advanced diagnostic solutions.

What recent achievements has OpGen announced?

Recent achievements include new features in AREScloud technology and the release of their second and third-quarter financial results for 2023.

Who are OpGen's subsidiaries?

OpGen's subsidiaries include Curetis GmbH and Ares Genetics GmbH, both involved in developing molecular microbiology solutions.

What is the purpose of the Unyvero platform?

The Unyvero platform provides rapid identification of pathogens in positive blood cultures, aiding in the diagnosis and treatment of infections.

What are the ARES Technology Platform components?

The ARES Technology Platform includes ARESdb, NGS technology, and AI-powered bioinformatics solutions like ARESiss, ARESid, ARESasp, and AREScloud.

Where is OpGen, Inc. located?

OpGen, Inc. is headquartered in Rockville, Maryland, USA.

How can I get more information about OpGen, Inc.?

For more information, you can visit OpGen's official website at www.opgen.com.

OPGEN INC

Nasdaq:OPGN

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