We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
QIAGEN & Bristol-Myers Squibb Partner on Cancer Research
Read MoreHide Full Article
Leading life science research company QIAGEN N.V. (QGEN - Free Report) has made significant advancement in the field of cancer research through the use of its revolutionary next-generation sequencing (NGS) technology. The company recently collaborated with global biopharmaceutical company, Bristol-Myers Squibb Company (BMY) for the utilization of next-generation sequencing (NGS) technology to develop gene expression profiles (GEPs). Here, NGS will be used as predictive or analytical tools for use with Bristol-Myers Squibb immuno-oncology (I-O) therapies in cancer treatment.
Under this agreement, QIAGEN and Bristol-Myers Squibb intend to develop GEPs for several Bristol-Myers Squibb I-O molecules. Also, the companies have decided to enter into a collaboration to develop diagnostic products using the GEPs and expand the use of NGS technology with other Bristol-Myers Squibb I-O therapies.
According to the companies, the partnership is a strategic fit. QIAGEN’s portfolio of NGS technologies will compliment Bristol-Myers Squibb’s portfolio of I-O therapies. Also, through the alliance, the latter will benefit from QIAGEN’s proven track record in developing and commercializing companion and complementary diagnostics.
Notably, I-O therapies offer a way to treat cancer by using drugs that help the body’s immune system fight the disease.
QIAGEN’s management claims that the tie up will help create the first-ever NGS-based companion diagnostic test to improve outcomes for cancer patients.
This deal will help Bristol-Myers Squibb develop better diagnostic tools to target advanced immunotherapies across a number of different tumor types. This will also help in providing more accurate cancer treatment enabling faster decision making to identify patients who may get the benefit from immuno-oncology agents.
Huge Market Prospects
According to markets and markets, the global next-generation sequencing market is projected to reach a worth of $12.45 billion by 2022, at a CAGR of 20.5% in the forecast period (2017–2022).
Also, the global cancer immunotherapy market is likely to reach $119.39 billion by 2021 from $61.9 billion in 2016, at a CAGR of 14.0% from 2016 to 2021.
Recent Developments in Cancer Reasearch
Recently, QIAGEN's GeneReader NGS System gained validation in oncology research applications with new independent performance review data which reaffirm the analytical performance and ease in using the world's first complete Sample to Insight solution that makes the benefits of next-generation sequencing (NGS) accessible to any laboratory even with limited resources.
Also, QIAGEN recently announced the receipt of a worldwide license from The Johns Hopkins University for biomarkers that have been shown to play key roles in identifying patients who could benefit from immune-oncology (I-O) therapies in cancer treatment.
This apart, QIAGEN announced the formation of a joint venture named MAQGEN with China-based Maccura Biotechnology. This tie-up is aimed at accelerating local adaptation, development and commercialization of the GeneReader NGS System in China. The company is making strategic moves to expand its foothold internationally.
Zacks Rank & Key Picks
QIAGEN carries a Zacks Rank #3 (Hold). A few better-ranked medical stocks are Align Technology, Inc. (ALGN - Free Report) , Inogen, Inc. (INGN - Free Report) and Accelerate Diagnostics, Inc. (AXDX - Free Report) . Notably, Align Technologyand Inogen sport a Zacks Rank #1 (Strong Buy), while Accelerate Diagnostics carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Align Technologyhas an expected long-term adjusted earnings growth of almost 22.8%. The stock added roughly 45.7% over the last three months.
Inogen has a long-term expected earnings growth rate of 17.5%. The stock has a solid one-year return of around 79.7%.
Accelerate Diagnostics has an expected long-term adjusted earnings growth of 30%. The stock added roughly 14% over the last three months.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
QIAGEN & Bristol-Myers Squibb Partner on Cancer Research
Leading life science research company QIAGEN N.V. (QGEN - Free Report) has made significant advancement in the field of cancer research through the use of its revolutionary next-generation sequencing (NGS) technology. The company recently collaborated with global biopharmaceutical company, Bristol-Myers Squibb Company (BMY) for the utilization of next-generation sequencing (NGS) technology to develop gene expression profiles (GEPs). Here, NGS will be used as predictive or analytical tools for use with Bristol-Myers Squibb immuno-oncology (I-O) therapies in cancer treatment.
Under this agreement, QIAGEN and Bristol-Myers Squibb intend to develop GEPs for several Bristol-Myers Squibb I-O molecules. Also, the companies have decided to enter into a collaboration to develop diagnostic products using the GEPs and expand the use of NGS technology with other Bristol-Myers Squibb I-O therapies.
According to the companies, the partnership is a strategic fit. QIAGEN’s portfolio of NGS technologies will compliment Bristol-Myers Squibb’s portfolio of I-O therapies. Also, through the alliance, the latter will benefit from QIAGEN’s proven track record in developing and commercializing companion and complementary diagnostics.
Qiagen N.V. Price
Qiagen N.V. Price | Qiagen N.V. Quote
Notably, I-O therapies offer a way to treat cancer by using drugs that help the body’s immune system fight the disease.
QIAGEN’s management claims that the tie up will help create the first-ever NGS-based companion diagnostic test to improve outcomes for cancer patients.
This deal will help Bristol-Myers Squibb develop better diagnostic tools to target advanced immunotherapies across a number of different tumor types. This will also help in providing more accurate cancer treatment enabling faster decision making to identify patients who may get the benefit from immuno-oncology agents.
Huge Market Prospects
According to markets and markets, the global next-generation sequencing market is projected to reach a worth of $12.45 billion by 2022, at a CAGR of 20.5% in the forecast period (2017–2022).
Also, the global cancer immunotherapy market is likely to reach $119.39 billion by 2021 from $61.9 billion in 2016, at a CAGR of 14.0% from 2016 to 2021.
Recent Developments in Cancer Reasearch
Recently, QIAGEN's GeneReader NGS System gained validation in oncology research applications with new independent performance review data which reaffirm the analytical performance and ease in using the world's first complete Sample to Insight solution that makes the benefits of next-generation sequencing (NGS) accessible to any laboratory even with limited resources.
Also, QIAGEN recently announced the receipt of a worldwide license from The Johns Hopkins University for biomarkers that have been shown to play key roles in identifying patients who could benefit from immune-oncology (I-O) therapies in cancer treatment.
This apart, QIAGEN announced the formation of a joint venture named MAQGEN with China-based Maccura Biotechnology. This tie-up is aimed at accelerating local adaptation, development and commercialization of the GeneReader NGS System in China. The company is making strategic moves to expand its foothold internationally.
Zacks Rank & Key Picks
QIAGEN carries a Zacks Rank #3 (Hold). A few better-ranked medical stocks are Align Technology, Inc. (ALGN - Free Report) , Inogen, Inc. (INGN - Free Report) and Accelerate Diagnostics, Inc. (AXDX - Free Report) . Notably, Align Technologyand Inogen sport a Zacks Rank #1 (Strong Buy), while Accelerate Diagnostics carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Align Technologyhas an expected long-term adjusted earnings growth of almost 22.8%. The stock added roughly 45.7% over the last three months.
Inogen has a long-term expected earnings growth rate of 17.5%. The stock has a solid one-year return of around 79.7%.
Accelerate Diagnostics has an expected long-term adjusted earnings growth of 30%. The stock added roughly 14% over the last three months.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>