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QIAGEN N.V. (symbol: QGEN) is a leading global provider of sample-to-insight solutions that transform biological materials into valuable molecular insights. The company's sample technologies isolate and process DNA, RNA, and proteins from blood, tissue, and other materials. Its assay technologies make these biomolecules visible and ready for analysis. Bioinformatics software and knowledge bases from QIAGEN interpret data to report relevant, actionable insights. Automation solutions tie these components together in seamless and cost-effective molecular testing workflows.
QIAGEN serves a diverse customer base of over 500,000 worldwide in sectors such as molecular diagnostics (human healthcare), applied testing (forensics, veterinary testing, and food safety), pharma (pharmaceutical and biotechnology companies), and academia (life sciences research). As of June 30, 2015, the company employed approximately 4,400 people across 35 locations globally. Additional information can be found on their website at http://www.qiagen.com.
QIAGEN's proprietary sample and assay technology enables the extraction, purification, amplification, and interpretation of DNA, RNA, and proteins. The company's revenue is almost evenly split between life sciences and molecular diagnostics applications, with nearly 90% of its revenue derived from consumables and the remaining from instrumentation and related services. The largest portion of QIAGEN's revenue comes from the Americas (over 45% of 2022 sales), followed by EMEA (nearly 35%), and Asia-Pacific (nearly 20%).
Recent achievements include:
- Q1 2024 net sales of $459 million (-5% at actual rates, -5% at constant exchange rates, CER), with a diluted EPS of $0.36 and an adjusted diluted EPS of $0.46. The net sales at CER of $462 million were ahead of the outlook for at least $455 million CER, and the adjusted diluted EPS of $0.47 CER was ahead of the $0.44 CER outlook.
- Strong operating cash flow rose by 85% to $133 million versus Q1 2023.
- The QCI Secondary Analysis software, integrated with QCI Interpret, facilitates high-throughput secondary analysis of clinical next-generation sequencing data.
- Collaborations aimed at creating novel digital PCR assays to improve DNA analysis in forensics and human identification.
- Introduction of the QIAstat-Dx Respiratory Panel Plus for accurate diagnosis of respiratory infections, capable of generating results in about one hour with minimal hands-on time.
- Enhancements to the QIAGEN Clinical Insight Interpret platform, which has processed over 4 million NGS patient test cases for oncology and hereditary diseases worldwide.
- New QIAcuity digital PCR Custom Assay Design Tool for copy number variation analysis, complementing the company's existing assay offerings.
QIAGEN continues to innovate and maintain its leading position in the molecular diagnostics and life sciences industries. The company's ongoing efforts to expand its product offerings and enhance its technologies ensure that it remains a trusted partner for researchers and healthcare providers worldwide.
QIAGEN (NYSE: QGEN) has completed a U.S. government contract to supply QIAcuity digital PCR systems for wastewater surveillance of SARS-CoV-2. Over 35 systems have been shipped to public health labs, with 70% of U.S. states now utilizing this technology. The QIAcuity platform provides rapid results within two hours, enhancing pandemic response capabilities. This initiative supports public health authorities in monitoring infection spread and mutations, offering crucial near-real-time data. QIAGEN aims to continue aiding public health efforts globally as testing shifts towards infectious disease monitoring.
QIAGEN N.V. (NYSE: QGEN) will announce its fourth quarter and full-year results for 2021 on February 8 at approximately 16:05 EST. A conference call will follow on February 9 at 15:00 Frankfurt time, featuring CEO Thierry Bernard and CFO Roland Sackers. Investors can join via this link or by dialing the respective numbers for the U.S., UK, and Germany.
QIAGEN has launched its QIAwave product line, introducing three nucleic acid extraction kits that significantly reduce environmental waste. The new kits use up to 63% less plastic and 42% less cardboard compared to standard products. This initiative marks a significant move towards sustainability, aiming to decrease plastic packaging waste by an additional 9% in 2022 after a 9.6% reduction in 2021. The company also aims for net-zero carbon emissions by 2050, receiving a top “Prime” rating from ISS ESG for its efforts.
QIAGEN N.V. (NYSE: QGEN) has announced significant enhancements to its QIAstat-Dx syndromic testing solution, aiming to improve testing capacities for pathogens. New tests include a Gastrointestinal panel for U.S. regulatory approval, designed to detect 22 pathogens, and CE-IVD registration for a Meningitis/Encephalitis panel analyzing 15 pathogens. The new QIAstat-Dx Rise platform, launching in mid-2022, features enhanced efficiency with a Smart Drawer system capable of processing up to 160 tests per day. These advancements respond to increased demand for rapid testing amid ongoing health challenges.
QIAGEN N.V. (NYSE: QGEN) has announced the expansion of its QIAcuity digital PCR platform, now offering non-invasive prenatal testing (NIPT) through collaboration with Atila BioSystems and introducing protein analysis capabilities via a partnership with Actome GmbH. The enhancements reduce sample processing time to 2.5 hours and increase multiplexing capabilities. QIAcuity is also highlighted for its application in detecting rare cancer mutations and testing wastewater for SARS-CoV-2. These advancements aim to establish QIAcuity as a new standard in PCR technology.
QIAGEN N.V. (NYSE: QGEN) announced significant expansions to its QuantiFERON franchise, enhancing its tuberculosis detection capabilities and introducing new applications for latent disease detection. The QuantiFERON SARS-CoV-2 assay, launched in December 2021, has received CE marking to measure T-cell responses to COVID-19. Additionally, the QuantiFERON-TB Gold Plus assay now includes more patient groups as approved by the FDA. The QIAreach QuantiFERON-TB test aims to improve TB detection in resource-limited settings and is now approved for public health procurement in over 100 countries.
Denovo Biopharma and QIAGEN announced a collaboration to develop a blood-based companion diagnostic test for patients with diffuse large B-cell lymphoma (DLBCL). This test aims to identify individuals expressing the Denovo Genomic Marker 1 (DGM1), who may respond to Denovo's investigational drug DB102. The development involves a real-time PCR assay for the QIAGEN Rotor-Gene Q MDx instrument, with plans to seek premarket approval from the FDA. Denovo's DB102 is currently in a Phase III trial for DLBCL and glioblastoma multiforme and has received several FDA designations.
QIAGEN has partnered with Denovo Biopharma to develop a blood-based companion diagnostic test for Diffuse Large B-Cell Lymphoma (DLBCL) patients likely to respond to Denovo's investigational drug DB102. The collaboration seeks FDA premarket approval (PMA) alongside the new drug application (NDA) for DB102. This agreement bolsters QIAGEN's precision medicine initiatives and its oncology testing portfolio. The test will detect Denovo Genomic Marker 1 (DGM1), enhancing treatment personalization for DLBCL patients.
QIAGEN has announced the CE marking of its QuantiFERON® SARS-CoV-2 assay, which measures T-cell responses to SARS-CoV-2, enhancing the assessment of immunity post-COVID-19 vaccination. Unlike traditional serology tests, this assay evaluates both CD4+ and CD8+ T-cell responses, providing deeper insights into immune responses. The technology is designed for ease of use, requiring only whole blood and no lymphocyte purification. T-cell responses offer critical information on the immune system's effectiveness against COVID-19 over time.
QIAGEN has received additional FDA approval for its LIAISON® QuantiFERON®-TB Gold Plus assay on DiaSorin's LIAISON® XS platform. This expands access to automated TB testing solutions across diverse healthcare settings, from small clinics to large hospitals. The QuantiFERON test, a leading interferon-gamma release assay (IGRA), enhances patient care by replacing outdated tuberculin skin tests. The partnership with DiaSorin enhances the ability to meet the rising demand for TB detection, which affects around one-third of the global population.
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