Welcome to our dedicated page for Twist Bioscience news (Ticker: TWST), a resource for investors and traders seeking the latest updates and insights on Twist Bioscience stock.
Twist Bioscience Corporation (TWST) is a pioneering company in the field of synthetic biology, specializing in the industrial-scale production of synthetic DNA. At the heart of its operations is a proprietary semiconductor-based DNA synthesis platform, which represents a significant advancement over traditional methods. By synthesizing DNA on a 10,000-well silicon platform instead of conventional 96-well plastic plates, Twist Bioscience achieves unprecedented levels of efficiency, scalability, and cost-effectiveness. This innovation enables the production of high-quality synthetic DNA at a faster pace and lower cost, addressing key inefficiencies in the industry.
The company's product offerings include a wide range of synthetic biology tools such as oligonucleotides, genes, pathways, chassis, and genomes. These tools are critical for applications across multiple industries, including pharmaceutical research, personalized medicine, agriculture, sustainable chemical production, and emerging fields like DNA data storage and in vivo diagnostics. Twist Bioscience's platform not only accelerates research and development but also empowers organizations to innovate in areas such as biodetection and bioengineering.
Operating primarily in the United States, Twist Bioscience serves a diverse customer base that includes biotech firms, pharmaceutical companies, academic institutions, and industrial research organizations. Its business model revolves around direct sales of synthetic DNA products and services, catering to the growing demand for advanced biological engineering solutions. By leveraging its cutting-edge technology, the company has established itself as a critical enabler in the synthetic biology ecosystem.
The broader synthetic biology industry is characterized by rapid innovation and significant growth potential, driven by advancements in genomics, bioinformatics, and sustainable technologies. Twist Bioscience's focus on high-throughput, cost-effective DNA synthesis positions it as a key player in this dynamic market. However, the company faces competition from other DNA synthesis providers, necessitating continuous investment in research and development to maintain its technological edge.
What sets Twist Bioscience apart is its commitment to overcoming traditional limitations in DNA synthesis. By utilizing silicon-based manufacturing, the company not only enhances production efficiency but also expands the possibilities for synthetic biology applications. This unique approach underscores its role as a transformative force in the industry, enabling researchers and organizations to unlock new opportunities in science and technology.
In summary, Twist Bioscience combines technological innovation with a deep understanding of synthetic biology to deliver high-quality DNA synthesis solutions. Its proprietary platform and diverse product offerings make it a vital partner for industries seeking to harness the power of engineered biology. As the demand for synthetic DNA continues to grow, Twist Bioscience remains at the forefront of enabling groundbreaking advancements across multiple sectors.
Twist Bioscience (NASDAQ: TWST) has partnered with the Australian Research Council Centre of Excellence in Synthetic Biology (CoESB) to provide researchers with access to a wide range of Twist's DNA synthesis products. This collaboration aims to enhance research capabilities and foster the development of sustainable biobased products. Twist's proprietary technology will support the design of novel organisms for transforming agricultural waste into valuable products, contributing to a sustainable economy in Australia.
Twist Bioscience Corporation (NASDAQ: TWST) announced that CEO Emily M. Leproust will present at the Baird 2022 Global Healthcare Conference on September 13th at 2:35 p.m. ET in New York. The presentation will be webcast live, and a replay will be available for 30 days. Twist is a leader in synthetic biology, utilizing a proprietary silicon-based technology to manufacture synthetic DNA for various industries, including healthcare and agriculture. The company's focus includes synthetic genes and NGS preparation tools, with future ambitions in DNA data storage and biologics discovery.
Twist Bioscience Corporation (NASDAQ: TWST) reported record revenue of $56.1 million for 3QFY22, reflecting a 60% increase from $35.0 million in the same quarter of fiscal 2021. Total orders soared 53% to $59.7 million. The company raised its revenue guidance to $203 million for fiscal 2022. Despite growth, a net loss of $60.5 million was recorded, translating to $1.08 per share. R&D expenses rose to $36.8 million, while cash reserves stood strong at $527.6 million.
Twist Bioscience Corporation (NASDAQ: TWST) announced that Steffen Hellmold, Senior VP of Business Development for Data Storage, will present at the Flash Memory Summit from August 2-4, 2022, in Santa Clara, CA. His presentation is scheduled for August 4 from 8:30-9:45 AM PT, focusing on the application of DNA for large-scale data storage solutions. The summit gathers industry leaders to discuss various advancements in data storage technologies. For registration, visit: Flash Memory Summit.
Twist Bioscience (TWST) highlights a critical need for innovative enterprise storage technologies, according to a new white paper. Key points include:
- Projected storage demand could exceed 25 zettabytes by 2030, outpacing available capacity.
- Approximately 75% of stored data is 'cold', rarely accessed, and likely never deleted.
- DNA data storage is proposed as a solution, promising high density, cost efficiency, and sustainability.
The company aims to lead in this space, addressing a projected $7 billion unmet storage demand.
Twist Bioscience Corporation (NASDAQ: TWST) and Biotia, Inc. have received an expanded Emergency Use Authorization (EUA) from the FDA for their SARS-CoV-2 Next-Generation Sequencing (NGS) Assay. This authorization enhances COVID-19 patient management by allowing for the identification of specific genomic mutations and viral lineages. Originally developed in 2020 and authorized in March 2021, the assay provides crucial insights into evolving variants like Omicron. The assay’s hybridization capture-based method improves mutation detection, aiding clinicians in treatment decisions.
Twist Bioscience Corporation (NASDAQ: TWST) announced that CFO Jim Thorburn and CCO Patrick Finn will host a fireside chat at the UBS Genomics 2.0 and Medtech Innovations Summit on August 9 at 2:00 p.m. PT in Dana Point, California. The event will be webcast live, and a replay will be available for 30 days post-event. Twist Bioscience specializes in synthetic DNA manufacturing using its innovative silicon platform, offering products for various industries including healthcare and agriculture.
Twist Bioscience Corporation (NASDAQ: TWST) will release its fiscal 2022 third quarter results on August 5, 2022, before market opening. A conference call will follow at 8:00 a.m. ET for analysts and investors to discuss the results and provide business updates. Twist, known for its innovative synthetic DNA manufacturing on silicon chips, continues to expand its offerings, including synthetic genes and tools for next-generation sequencing. Financial results will be posted on their website prior to the call.
Twist Bioscience Corporation (NASDAQ: TWST) has launched synthetic DNA controls for the human monkeypox virus, enhancing its portfolio of next-generation sequencing (NGS) applications for viral diseases. These controls, based on two known clades of the monkeypox virus, will improve the quality and validation of NGS and PCR assays. Twist's synthetic DNA controls cover over 80% of the viral genome and facilitate research and diagnostic tests. The new products align with the company’s commitment to addressing emerging public health concerns.
Twist Bioscience Corporation (NASDAQ: TWST) has announced a collaboration with DNAnexus to integrate their platforms, enhancing the design, validation, and commercialization of NGS-based diagnostic tests. This partnership enables Twist customers to utilize DNAnexus' cloud-based biomedical data analysis tools alongside Twist’s NGS Methylation Detection and Unique Molecular Identifier Adapter Systems. The collaboration aims to streamline data analysis, ultimately accelerating research in rare diseases and cancer diagnostics.
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