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Repligen Corp - RGEN STOCK NEWS

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

Repligen Corporation (NASDAQ: RGEN) is a global life sciences company specializing in the development, production, and commercialization of innovative bioprocessing technologies and systems that enhance the efficiency of biological drug manufacturing. Headquartered in Waltham, Massachusetts, the company operates additional manufacturing facilities in Sweden, Estonia, France, Germany, Ireland, the Netherlands, and the United States.

Repligen is renowned for its high-quality bioprocessing products, which are essential in the production of biological drugs. The company's product portfolio includes Protein A, a critical reagent used in the manufacturing of monoclonal antibody-based therapeutics, and several growth factor products that boost cell culture productivity in biomanufacturing. Additionally, Repligen offers OPUS™ (Open Platform User Specified) single-use chromatography columns, which are pivotal in the biologics purification process.

The company serves a diverse customer base that includes major life sciences and biopharmaceutical companies, as well as contract development and manufacturing organizations (CDMOs) worldwide. Repligen markets its products globally through a direct sales organization in the U.S., Europe, and Asia, complemented by strategic partnerships in select regions. North America remains the primary market, contributing the majority of the company's revenue.

Recent achievements include the acquisition of Metenova AB, a leading innovator in magnetic mixing technologies, to expand its Fluid Management portfolio. Despite challenges in the bioprocessing market, Repligen continues to exhibit resilience with steady revenue growth, particularly in its Analytics and Chromatography franchises.

Financially, Repligen reported second quarter revenues of $159.2 million in 2023 and has adjusted its full-year revenue guidance to a range of $635-$665 million. The company remains optimistic about overcoming current market headwinds, with a growing pipeline of opportunities expected to bolster orders in the fourth quarter.

Overall, Repligen's commitment to bioprocessing technology leadership and continuous innovation positions it as a significant player in the life sciences industry, driving advancements that support the development of life-saving biological drugs.

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Repligen Corporation appoints Jason K. Garland as CFO, effective September 25, 2023.
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Repligen Corporation to present at Wells Fargo Healthcare Conference
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Sartorius and Repligen Corporation have launched an integrated bioreactor system that incorporates Repligen XCell® ATF upstream intensification technology into Sartorius’ Biostat STR® bioreactor. The system simplifies intensified seed train and N perfusion implementation for biopharmaceutical manufacturers. It features a single direct control interface, optimized facility equipment installation, and reduced equipment footprint. Customers can easily purchase the integrated system with pretested and predefined configurations for faster delivery times.
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Repligen Corporation (NASDAQ:RGEN) reported Q2 2023 revenues of $159.2 million, down 23.3% YoY, and base business revenues of $157.1 million, down 8.7% YoY. The company adjusted its full-year revenue guidance to $635-$665 million, representing a YoY decrease of 17%-21%. Gross margin for Q2 2023 was 50.2%, compared to 58.5% in Q2 2022. Income from operations for Q2 2023 was $19.4 million, down 69.3% YoY. Net income for Q2 2023 was $20.1 million, down 59.7% YoY. Cash, cash equivalents, and short-term investments at June 30, 2023, were $603.7 million.
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Repligen Corporation (NASDAQ:RGEN) will report its second quarter 2023 financial results on August 2, 2023, followed by a conference call and webcast to discuss business updates and financial results for the three- and six-month reporting periods ended June 30, 2023.
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Repligen Corporation (NASDAQ:RGEN) will be presenting at two upcoming investor conferences: William Blair’s 43rd Annual Growth Stock Conference in Chicago on June 8, 2023, and Jefferies’ Global Healthcare Conference in New York on June 8, 2023. The presentations will provide company overviews by Tony J. Hunt, President and CEO, and Jon K. Snodgres, CFO, respectively. The webcast of the presentations will be accessible through Repligen’s Investor Relations website.
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Repligen Corporation (NASDAQ:RGEN) will announce its first quarter 2023 financial results on May 2, 2023, before the market opens. A conference call is scheduled for 8:30 a.m. ET to discuss business updates and financial results for the quarter ending March 31, 2023. Investors can join the call by dialing (844) 274-3999 (U.S.) or (412) 317-5607 (international) without a passcode. A webcast will also be available on the Company’s Investor Relations page. Repligen specializes in bioprocessing technologies for biopharmaceutical manufacturing.

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Repligen Corporation (NASDAQ:RGEN) announced its participation in the KeyBanc Life Science and MedTech Investor Forum on March 21-22, 2023. CEO Tony J. Hunt will lead an analyst-led discussion on March 21 at 1:30 p.m. EDT. A live webcast of the presentation will be available on the Company's Investor Relations website and will be accessible for replay after the event. Repligen specializes in bioprocessing technologies, aiming to improve the manufacturing efficiency of biological drugs for biopharmaceutical developers and contract organizations globally. The company operates in various locations, primarily within the U.S., and has a strong presence in multiple European countries.

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Repligen Corporation (NASDAQ:RGEN) reported strong financial results for the fourth quarter and full year 2022. Fourth quarter revenue reached $186.8 million, marking 4% organic growth year-over-year, while full-year revenue totaled $801.5 million, a 22% organic growth. The base business demonstrated impressive organic growth of 35% in Q4 and 39% for the year. Despite these achievements, gross profit decreased in Q4 by 9%, impacted by declining COVID-related product revenues and increased costs. Looking ahead, Repligen expects 2023 total revenue between $760-$800 million, anticipating a reduction in COVID-related revenue and gross margin decline to 52.5%-53.5%.

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FAQ

What is the current stock price of Repligen (RGEN)?

The current stock price of Repligen (RGEN) is $146.95 as of December 24, 2024.

What is the market cap of Repligen (RGEN)?

The market cap of Repligen (RGEN) is approximately 8.2B.

What does Repligen Corporation specialize in?

Repligen Corporation specializes in developing, producing, and commercializing innovative bioprocessing technologies and systems for biological drug manufacturing.

Where is Repligen's headquarters located?

Repligen's corporate headquarters are located in Waltham, Massachusetts, USA.

What are some key products offered by Repligen?

Repligen offers Protein A for monoclonal antibody production, growth factors for cell culture productivity, and OPUS™ single-use chromatography columns for biologics purification.

Who are Repligen's primary customers?

Repligen's primary customers include major life sciences and biopharmaceutical companies, as well as contract development and manufacturing organizations (CDMOs) worldwide.

How does Repligen market its products?

Repligen markets its products globally through a direct sales organization in the U.S., Europe, and Asia, along with strategic partners in select regions.

What recent acquisition has Repligen made?

Repligen recently acquired Metenova AB, a leader in magnetic mixing technologies, to enhance its Fluid Management portfolio.

What was Repligen's revenue for the second quarter of 2023?

Repligen reported second quarter revenues of $159.2 million in 2023.

What is Repligen's revenue guidance for the year 2023?

Repligen has adjusted its full-year revenue guidance to range between $635-$665 million for 2023.

Which regions contribute the most to Repligen's revenue?

North America is the primary market, contributing the majority of Repligen's revenue.

What is Repligen's focus area?

Repligen focuses on Filtration and Fluid Management, Chromatography, Process Analytics, and Proteins to support biopharmaceutical drug developers and CDMOs.

Repligen Corp

Nasdaq:RGEN

RGEN Rankings

RGEN Stock Data

8.23B
52.34M
6.58%
100.79%
6.11%
Medical Instruments & Supplies
Biological Products, (no Disgnostic Substances)
Link
United States of America
WALTHAM