QIAGEN demonstrates expanded bioinformatics workflows at ASHG; strong market adoption as researchers analyse genomic data on more than a quarter-million samples in secure private cloud
- Translational research in cancer and other diseases will benefit from new capabilities being presented at the American Society of Human Genetics annual meeting
- Volume of 250,000-plus DNA samples linked to Ingenuity® Knowledge Base greatly exceeds any comparable database – providing superior depth for genomic analysis
- Ingenuity® Variant Analysis™ adds fully integrated BIOBASE HGMD® Professional to deliver quick, detailed reports on inherited mutations
- CLC Cancer Research Workbench gains copy number detection and first “FastQ-to-insight” solution through integration with Ingenuity® Variant Analysis™ to help users uncover meaningful insights in cancer research
QIAGEN reports second quarter and first half 2014 results and announces launch of new $100 million share repurchase program
Achieved Q2 2014 targets: Adjusted net sales of $331.2 million (+4% CER); adjusted operating income of $81.2 million and 25% operating margin; adjusted EPS of $0.26 CER
- H1 2014 adjusted net sales rise approximately 8% CER excluding U.S. HPV tests, in line with full-year 2014 goal; H1 2014 free cash flow rises 28% to $77 million
Five growth drivers providing momentum to accelerate innovation and growth:
- QIAsymphony: Moving ahead toward 250 new placements of breakthrough modular automation system; FDA approval of diagnostic for human cytomegalovirus (CMV)
- Personalized Healthcare: FDA approval of KRAS test as QIAGEN’s third U.S.-approved companion diagnostic; new pharma partnerships with Astra Zeneca and Eli Lilly
- QuantiFERON-TB: Clinical data for gold standard latent TB test support strong growth
- Bioinformatics: New content with BIOBASE for growing data analysis and interpretation capabilities; creating synergies with NGS consumables portfolio
- NGS: Launch of 14 new gene panels targeting a broad range of cancer-related genes for industry-leading performance with any NGS sequencer or biological sample type
Third $100 million share repurchase program being launched.
QIAGEN reaffirms expectations to deliver higher adjusted net sales and earnings in 2014.
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