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QIAGEN N.V. - QGEN STOCK NEWS

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

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.

Rhea-AI Summary
QIAGEN N.V. plans to release Q2 2023 results on August 8, followed by a conference call on August 9. Three options are available to join the call.
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QIAGEN announced that its QIAstat-Dx syndromic testing solution will soon be available in Japan for detecting over 20 respiratory diseases from a single patient sample. This launch follows IVD approval and is expected in mid-2023, pending reimbursement decisions. With over 3,500 QIAstat-Dx instruments installed globally by the end of 2022, the system is designed for easy operation and provides actionable results in about one hour using PCR technology. The QIAstat-Dx platform allows for multiplex real-time PCR testing and unique access to Ct values and amplification curves, aiding clinical decision-making. >QIAstat-Dx connects to the QIAsphere cloud-based platform for remote monitoring, enhancing diagnostic capabilities across hospitals and labs.

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QIAGEN has announced the appointment of Steve Rusckowski to its Supervisory Board. He will stand for election at the Annual General Meeting on June 22, 2023. Rusckowski is a prominent healthcare executive, previously serving as the Chairman, President, and CEO of Quest Diagnostics. He brings extensive experience from his leadership roles, including his tenure at Philips Healthcare. Lawrence Rosen, Chair of the Supervisory Board, expressed confidence that Rusckowski's expertise will contribute to QIAGEN’s future success, especially in navigating a challenging macroeconomic environment. QIAGEN is a global leader in providing solutions for molecular insights from biological samples, serving over 500,000 customers worldwide across various sectors.

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FAQ

What is the current stock price of QIAGEN N.V. (QGEN)?

The current stock price of QIAGEN N.V. (QGEN) is $44.67 as of December 20, 2024.

What is the market cap of QIAGEN N.V. (QGEN)?

The market cap of QIAGEN N.V. (QGEN) is approximately 9.8B.

What does QIAGEN N.V. do?

QIAGEN N.V. provides sample-to-insight solutions that transform biological materials into valuable molecular insights, serving sectors such as healthcare, forensics, pharma, and academia.

How many employees does QIAGEN N.V. have?

As of June 30, 2015, QIAGEN employed approximately 4,400 people across over 35 locations worldwide.

What are QIAGEN's recent financial achievements?

In Q1 2024, QIAGEN reported net sales of $459 million and a strong operating cash flow, rising 85% to $133 million compared to Q1 2023.

What industries does QIAGEN serve?

QIAGEN serves the molecular diagnostics, applied testing, pharma, and academia sectors.

What are QIAGEN’s proprietary technologies?

QIAGEN's proprietary technologies include sample and assay technologies for isolating, processing, and interpreting DNA, RNA, and proteins.

Where can I find more information about QIAGEN?

More information about QIAGEN can be found on their official website at http://www.qiagen.com.

What are some of QIAGEN's recent innovations?

Recent innovations include the QCI Secondary Analysis software, novel digital PCR assays for forensics, and enhancements to the QIAGEN Clinical Insight Interpret platform.

How is QIAGEN's revenue split?

QIAGEN's revenue is almost evenly split between life sciences and molecular diagnostics, with nearly 90% from consumables and the rest from instrumentation and services.

Which regions contribute most to QIAGEN's revenue?

The Americas contribute over 45% of QIAGEN's sales, followed by EMEA (nearly 35%) and Asia-Pacific (nearly 20%).

What is the QIAstat-Dx Respiratory Panel Plus?

The QIAstat-Dx Respiratory Panel Plus is a diagnostic tool designed for accurate and rapid detection of respiratory infections, producing results in about one hour.

QIAGEN N.V.

NYSE:QGEN

QGEN Rankings

QGEN Stock Data

9.81B
217.28M
2.24%
87.88%
1.61%
Diagnostics & Research
Healthcare
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United States of America
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