With its recent acquisition of diagnostics outfit Enzymatics, Dutch Qiagen has gained another strategic partner--the newly formed company ArcherDX, which will focus solely on developing next-generation sequencing products.
Qiagen has been winning critical regulatory approvals for new tests and inking companion diagnostics deals to expand its market reach. The company has exceeded its goal of 250 new placements for its modular molecular testing system in 2014 and is hedging its bets on growth in the coming year.
German Qiagen ($QGEN) is stepping up to help laboratories respond to the ongoing Ebola outbreak in West Africa. The company said it has partnered with Germany's Altona Diagnostics to distribute an Ebola test both in and outside the U.S.
With its sights set on growth, German diagnostics outfit Curetis AG has closed a $18.1 million Series B financing round with new investor Qiagen chipping in.
Hot on the trail of companion diagnostics partnerships, Qiagen is teaming up with pharma bigwig Novartis to develop tests for the company's drug portfolio.
Qiagen beat the Street's expectations during the third quarter, riding high on strong sales of its companion diagnostic products and the continued success of its next-generation tuberculosis blood test.
Genomics England has dropped two-thirds of the candidates to provide variant annotation and clinical interpretation services to the 100,000 Genomes Project after reviewing the first round of responses.
The global companion diagnostics market crossed the billion-dollar threshold in 2013 and is continuing to climb rapidly as healthcare systems tap into the value of testing which patients would benefit most from targeted treatments.
Qiagen aims to develop new tests to target blood cancer patients who would benefit most from a particular treatment that hits a specific gene mutation. The plan could lead to new companion diagnostic tests for related drugs now under development.
Qiagen received FDA approval on June 24 under a full PMA for an assay that monitors the viral load of cytomegalovirus (CMV), a common virus that can be fatal to weakened immune systems, in organ transplant patients.