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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 N.V. (NYSE: QGEN) announced a partnership with Verogen, enhancing its offerings in human identification workflows. This collaboration allows QIAGEN to distribute Verogen's sequencing solutions, including the ForenSeq assay and MiSeq FGx sequencing system, globally. Both companies will develop forensically validated workflows that combine their products and expertise. This partnership aims to accelerate the adoption of next-generation sequencing (NGS) in forensics, providing laboratories with improved tools for human identification. Financial terms were not disclosed.
QIAGEN (NYSE: QGEN) has launched the QIAprep CRISPR Kit and CRISPR Q-Primer Solutions, enhancing speed and efficiency in analyzing edited genetic material. This launch targets the booming CRISPR technology sector, crucial for gene editing and biomedical research. The new products facilitate a sensitive, all-in-one approach to analyze gene editing effects, reducing experimental time significantly. These solutions support various cell culturing methods and can be customized for targeted applications, potentially accelerating breakthroughs in areas like cancer therapy and drug development.
QIAGEN N.V. (QGEN) has launched an expanded scope of companion diagnostic claims for the therascreen KRAS RGQ PCR Kit, following FDA approval. This kit aids in identifying non-small cell lung cancer (NSCLC) patients eligible for Amgen's LUMAKRASTM treatment, targeting the KRAS G12C mutation, present in up to 13% of NSCLC cases. This approval marks a significant milestone in precision medicine, enhancing QIAGEN's therascreen portfolio and expanding testing availability through its Day-One Lab Readiness program.
QIAGEN N.V. announced a global collaboration with Mirati Therapeutics to develop a tissue-based KRAS companion diagnostic for cancers with the KRASG12C mutation, focusing initially on non-small cell lung cancer (NSCLC). This initiative expands QIAGEN's existing therascreen KRAS testing portfolio and leverages the company's decade-long expertise in companion diagnostics. QIAGEN holds a strong position in Precision Medicine and has ongoing collaborations with over 25 companies for companion diagnostic tests, indicating a robust pipeline for future product development.
QIAGEN N.V. (NYSE: QGEN) announced the formation of a Scientific Advisory Board to evaluate market and technology trends affecting its growth in Life Sciences and Molecular Diagnostics. The Board features industry leaders such as Dr. Peter Kaspar and Prof. Patrice Nordmann, chaired by Prof. Dr. Ross L. Levine. Additionally, QIAGEN will hold a virtual Annual General Meeting on June 29, 2021, addressing sustainability within an ESG framework and proposing re-elections for seven Supervisory Board members, alongside CEO Thierry Bernard and CFO Roland Sackers.
QIAGEN N.V. has received Emergency Use Authorization (EUA) from the FDA for its QIAreach® Anti-SARS-CoV-2 Total Test. This portable antibody testing device delivers results in about 10 minutes and can process up to 32 tests per hour using a digital eHub. The test has a sensitivity of 93.85% and a specificity of 97.83%. Developed with Ellume, this test aims to aid in monitoring immunity against COVID-19. QIAGEN also launched the QuantiFERON SARS-CoV-2 test for detecting T-cell responses. The new device enhances the efficiency of serological testing in healthcare settings.
QIAGEN N.V. (NYSE: QGEN) reported a 52% increase in net sales for Q1 2021, reaching $567.2 million. This surpassed the forecast of at least 45% growth. Adjusted earnings per share rose 94% to $0.66, exceeding the expected range of $0.60-0.62. The company's strong performance was attributed to a 16% growth in non-COVID product sales, making up 64% of total sales. QIAGEN also expanded its non-COVID portfolio and is positioned for sustainable growth beyond the pandemic.
QIAGEN N.V. (NYSE: QGEN) is set to launch the EZ2 Connect product line, an advanced automated sample-processing platform designed for biomedical research, forensics, and clinical diagnostics. Utilizing pre-filled cartridges and magnetic bead technology, it processes up to 24 samples in 20 minutes. The platform expands upon the successful EZ1 series, with applications in clinical diagnostics and forensics, and plans to introduce the EZ2 Connect MDx for molecular diagnostics in early 2022. The platform enhances lab automation, safety, and efficiency, backed by significant previous product installations.
QIAGEN and DiaSorin announced the launch of the LIAISON® LymeDetect® Assay, enhancing early detection of Lyme Borreliosis. This assay integrates antibody detection with a unique interferon-gamma release test, achieving a sensitivity of 74% within 21 days, significantly higher than the 49% of existing methods. With a specificity of 100%, it aims to address the critical diagnostic gap and may reduce healthcare costs through earlier treatment. The collaboration leverages both companies' strengths, with DiaSorin managing commercialization while they co-develop the product.
QIAGEN (NYSE: QGEN) has launched the artus® SARS-CoV-2 Prep&Amp UM Kit, enhancing COVID-19 testing efficiency through liquid-based sample preparation. This kit, now CE-IVD registered in the EU and under EUA review by the FDA, supports up to 672 samples in eight hours, reducing waste and time compared to standard methods. QIAGEN aims to increase testing capacity amidst ongoing COVID-19 cases, showcasing a versatile technology applicable beyond the pandemic. The company continues to expand its comprehensive SARS-CoV-2 testing solutions.
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