Qiagen - QGEN STOCK NEWS

QIAGEN N.V. reported an 11% increase in Q3 2021 net sales, reaching $535 million, with a significant growth of 17% in its non-COVID product sales. The company's adjusted diluted EPS remained stable at $0.58, exceeding market expectations. For the first nine months of 2021, net sales surged to $1.67 billion, marking a 28% increase, while operating cash flow nearly doubled. QIAGEN has upgraded its full-year outlook, anticipating at least 15% sales growth and an adjusted diluted EPS of at least $2.48.

QIAGEN announced the CE-marking and upcoming launch of the QIAstat-Dx Respiratory 4 Plex Flu A-B/RSV/SARS-CoV-2 test. This test differentiates between influenza A, B, RSV, and SARS-CoV-2, crucial for flu season diagnoses. It enhances QIAGEN's extensive portfolio of PCR solutions combatting COVID-19, delivering results in about an hour without sample preparation. The product's introduction responds to the urgent need for accurate diagnostics highlighted by the pandemic, facilitating informed therapeutic decisions and optimizing patient management.

QIAGEN has completed its relocation to the CityLabs 2.0 facility in Manchester, establishing it as a global hub for diagnostics development and Precision Medicine. This expansion supports the company's role in co-developing companion diagnostics with pharmaceutical partners. The site employs around 300 staff and will enhance hybrid and remote work options. QIAGEN has numerous FDA-approved companion diagnostic indications and collaborations with over 25 pharmaceutical firms, reinforcing its commitment to advancing Precision Medicine.

QIAGEN N.V. (NYSE: QGEN) has announced the release of its third quarter and year-to-date results scheduled for November 3, 2021. The report will be available at approximately 21:05 CET / 16:05 EDT. Following this, a conference call will occur on November 4 at 14:30 Frankfurt time where CEO Thierry Bernard and CFO Roland Sackers will discuss the results. Interested parties can access the call via multiple phone numbers, and a replay will be made available after the event.

QIAGEN has launched the QIAreach QuantiFERON-TB test, receiving CE marking to enhance global tuberculosis (TB) detection, particularly in high burden and low-resource areas. This portable device utilizes proven QuantiFERON technology to ensure reliable TB infection testing without needing extensive lab infrastructure. Clinical evaluations show high sensitivity compared to existing standards. Collaborations with distribution partners aim to facilitate affordable access across low and middle-income countries, contributing to global TB elimination targets.

QIAGEN N.V. (NYSE: QGEN) has received a $3.4 million U.S. government contract to enhance production for its NeuMoDx PCR testing systems, supporting ongoing COVID-19 testing efforts. The company aims to increase its output to over 16 million tests per year by March 2022, up from approximately 10 million. This follows a previous $600,000 contract to boost reagent production. The contracts emphasize the critical role of PCR testing in managing the pandemic and underline QIAGEN's commitment to providing essential diagnostic solutions.

QIAGEN has been selected to join the DAX index, effective September 20, 2021, marking a significant achievement as it transitions from MDAX to one of Germany's 40 largest companies by market capitalization. The company, which specializes in molecular testing, aims to deliver over $2 billion in sales in 2021. QIAGEN will also remain in the TecDAX, while reinforcing its commitment to improving health outcomes globally through its innovative Sample to Insight solutions.

QIAGEN N.V. (NYSE: QGEN) has surpassed the milestone of three billion biological samples processed with its consumables kits, highlighting its leadership in molecular testing. The company’s sample preparation technology, considered the gold standard, includes over 500 kits and automated systems. QIAGEN continues to innovate with products related to liquid biopsy and microbiome research. Its growth strategy focuses on solidifying its position as a top-three player in sample technologies, contributing to advancements in molecular diagnostics and next-generation sequencing.

QIAGEN has partnered with GT Molecular to launch a comprehensive wastewater testing solution for COVID-19 surveillance in the U.S. and Canada. This innovative workflow utilizes QIAGEN’s sample-preparation techniques with GT Molecular’s digital PCR assays to deliver results in under 2.5 hours, significantly faster than other systems. The assay complies with CDC guidelines and aims to enhance public health responses by quantifying SARS-CoV-2 levels in wastewater. The solution is now available, and the partnership highlights the growing interest in wastewater epidemiology as a tool for monitoring viral spread.