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, symbol TWST, stands at the forefront of synthetic biology with an innovative approach to DNA synthesis. The company's core expertise lies in developing a proprietary semiconductor-based synthetic DNA manufacturing process. This process utilizes a unique 10,000-well silicon platform, markedly different from the traditional 96-well plastic plates. This advanced platform enables the production of synthetic biology tools, such as oligonucleotides, genes, pathways, chassis, and genomes, in a more efficient, cost-effective, and high-throughput manner.
The implications of Twist Bioscience's technology are profound, offering the potential to revolutionize various fields. By synthesizing DNA on silicon, the company overcomes existing production inefficiencies, ensuring rapid and high-quality DNA synthesis. This capability is crucial for accelerating developments in personalized medicine, sustainable chemical production, agricultural improvements, in vivo diagnostics, biodetection, and even data storage.
Based primarily in the United States, Twist Bioscience derives the majority of its revenue from its home market. The company's strategic partnerships and ongoing projects reflect its commitment to pioneering advancements in synthetic biology. Having positioned itself as a leader in the field, Twist Bioscience continues to support researchers and industries by providing high-quality synthetic DNA rapidly, enabling them to seize emerging opportunities.
For more information, please visit Twist Bioscience.
Twist Bioscience Corporation (Nasdaq: TWST) has announced the acquisition of iGenomX for $35 million, which includes $500,000 in cash and $29.5 million in stock, plus a $5 million contingent payment. This strategic acquisition aims to enhance Twist's multiplex sequencing capabilities and facilitate customer transitions from SNP microarrays to next-generation sequencing (NGS). Expected revenue from iGenomX is projected at $4-6 million for fiscal 2023, with minimal impact on the company’s expenses in fiscal 2021 and 2022.
Dovetail Genomics, a leader in genomic solutions, has launched its new capture Hi-C technology, which includes two targeted enrichment panels for human and mouse samples. These products enable analysis of chromatin topology surrounding 80,000 gene promoters, significantly reducing the sequencing burden by over 90%. The collaboration with Twist Bioscience enhances this offering with its proprietary enrichment technology, promising advancements in research addressing gene expression. CEO statements highlight the potential for new biomarkers and improved understanding of disease mechanisms.
Twist Bioscience Corporation (Nasdaq: TWST) has partnered with Regeneron Genetics Center to launch a custom next-generation sequencing assay called the Twist Diversity SNP Panel. This assay aims to improve understanding of genetic variations across global populations. It includes approximately 1.4 million representative SNPs, addressing the underrepresentation of diverse populations in genomic studies. By enabling a shift from traditional microarray methods, the panel seeks to enhance drug discovery and development for a wider range of populations.
Twist Bioscience Corporation (Nasdaq: TWST) announced CEO Emily Leproust's participation in a fireside chat at the BIO Digital conference, scheduled for June 17, 2021. The session will explore the role of synthetic DNA in applications such as diagnostic tools and therapeutic antibody development. Additionally, Chief Scientific Officer Aaron Sato will present on Twist Biopharma’s antibody discovery platform. Twist Bioscience is recognized for its innovative DNA synthesis technology, which is utilized across various industries including healthcare and agriculture.
The DNA Data Storage Alliance, created by Twist Bioscience (TWST), Illumina (ILMN), and Western Digital (WDC), has published a white paper titled “Preserving our Digital Legacy: An Introduction to DNA Data Storage.” This document discusses DNA storage's potential to address the exponential growth of digital data, highlighting that humans generated over 400 ZB of data in 2020. The paper outlines DNA's unprecedented storage density, stability, and sustainability compared to existing technologies. The Alliance aims to develop standards for interoperability in DNA storage solutions as the technology evolves.
Twist Bioscience (Nasdaq: TWST) has commenced shipping synthetic RNA reference controls for the SARS-CoV-2 Kappa variant (B.1.617.1). The company is also developing controls for the Delta (B.1.617.2) and B.1.617.3 variants. This initiative comes as India faces a significant COVID-19 outbreak and a high number of unvaccinated individuals. CEO Emily M. Leproust highlighted the company's commitment to provide essential tools to combat the virus globally, including controls for detecting new strains. Twist aims to support health and sustainability through its sophisticated DNA synthesis platform.
Twist Bioscience Corporation (Nasdaq: TWST) has launched the Twist Library Preparation Enzymatic Fragmentation Kit 2.0, an all-in-one solution designed to enhance accuracy and efficiency in library construction for next-generation sequencing (NGS). This kit is particularly suitable for challenging applications, including liquid biopsy and somatic variant testing, and excels with samples of limited or degraded DNA, such as banked oncology samples. The launch emphasizes the importance of robust sample preparation technologies for generating high-quality sequencing data.
Twist Bioscience Corporation (NASDAQ: TWST) announced participation in two upcoming virtual investor conferences. CEO Emily Leproust and CFO Jim Thorburn will present at the Jefferies Virtual Healthcare Conference on June 1 at 11:30 AM ET and the Goldman Sachs 42nd Annual Global Healthcare Conference on June 8 at 3:50 PM ET. Both presentations will be webcast live and available for replay for 30 days. Twist Bioscience is known for its innovative synthetic DNA technology, providing products across various sectors including healthcare and agriculture.
Twist Bioscience Corporation (NASDAQ: TWST) announces its support for the Engineering Biology Research Consortium (EBRC) and its Statement of Ethics in Engineering Biology Research. This initiative aims to advance ethical standards in engineering biology, which has significantly impacted fields like medicine and agriculture. The U.S. engineering biology sector contributed 5.1% to GDP in 2016. Twist emphasizes its commitment to biosecurity and ethical practices while encouraging collaboration among the scientific community to ensure responsible innovation.
Twist Bioscience (NASDAQ: TWST) reported strong financial results for Q2 FY2021, ending March 31, 2021. Total orders reached $41.7 million, up from $24.6 million year-over-year. Revenue grew to $31.2 million, compared to $19.3 million in the prior year. However, net loss for the quarter increased to $37.9 million, or $0.78 per share. The cash position stood robust at $555.7 million. The company is optimistic about growth in the second half of the fiscal year, particularly in its NGS and synthetic biology segments.
FAQ
What is the current stock price of Twist Bioscience (TWST)?
What is the market cap of Twist Bioscience (TWST)?
What does Twist Bioscience Corporation do?
How does Twist Bioscience's technology differ from traditional methods?
What are some applications of Twist Bioscience's synthetic DNA?
Where does Twist Bioscience generate most of its revenue?
How does Twist Bioscience contribute to personalized medicine?
What is the significance of using silicon in DNA synthesis?
Can Twist Bioscience's technology be used in agriculture?
What ongoing projects does Twist Bioscience have?
How does Twist Bioscience's platform support researchers?
Where can I find more information about Twist Bioscience?
