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: Molecular Diagnostics & Expansion Plans on Track
Read MoreHide Full Article
On Sep 13, 2016, we issued an updated research report on Netherlands-based molecular diagnostics provider Qiagen NV (QGEN - Free Report) . The company offers innovative technologies and products for pre-analytical sample preparation and molecular diagnostics solutions.
The company’s promising second-quarter results reflect Qiagen’s constant efforts to strengthen its molecular diagnostics test menu. Notably, given the advantages of precise genetic information over traditional tests, Qiagen’s molecular diagnostics customer class succeeded in delivering high single-digit growth during the second quarter, excluding HPV headwind in the U.S.
Also, the huge potential of the global in-vitro diagnostics market buoys optimism. The company has witnessed growth across all international regions, with the Europe, Middle East, Africa region leading the show. Although Qiagen continued to face declining sales during the second quarter in Japan, management expects the trend to reverse in the second half of 2016.
Further, Qiagen is forging ahead with its test menu expansion strategy. Recently Qiagen added liquid biopsy as a sample type option for its QIAact actionable insights tumor panel, which is the first in a family of panels designed for use on the GeneReader system. This is the first targeted gene sequencing panel that can be used with either liquid biopsy or tissue samples.
On the flip side, Qiagen faces a tough competitive landscape, considering the wide gamut of services it provides. Moreover, the markets for some of Qiagen’s products are rather competitive and price sensitive. As a result, similar manufacturers may have significant advantages in terms of financial, operational, sales and marketing resources as well as experience in research and development.
Additionally, strong reliance on its tie-ups with companies to co-develop companion diagnostics paired with drugs that those companies either market currently or are developing for future use, js another downside for Qiagen. This is because future sales of companion diagnostics depend to a high degree on the commercial success of the related medicines for which the tests have been designed for determining their use in patients.
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Qiagen: Molecular Diagnostics & Expansion Plans on Track
On Sep 13, 2016, we issued an updated research report on Netherlands-based molecular diagnostics provider Qiagen NV (QGEN - Free Report) . The company offers innovative technologies and products for pre-analytical sample preparation and molecular diagnostics solutions.
The company’s promising second-quarter results reflect Qiagen’s constant efforts to strengthen its molecular diagnostics test menu. Notably, given the advantages of precise genetic information over traditional tests, Qiagen’s molecular diagnostics customer class succeeded in delivering high single-digit growth during the second quarter, excluding HPV headwind in the U.S.
Also, the huge potential of the global in-vitro diagnostics market buoys optimism. The company has witnessed growth across all international regions, with the Europe, Middle East, Africa region leading the show. Although Qiagen continued to face declining sales during the second quarter in Japan, management expects the trend to reverse in the second half of 2016.
Further, Qiagen is forging ahead with its test menu expansion strategy. Recently Qiagen added liquid biopsy as a sample type option for its QIAact actionable insights tumor panel, which is the first in a family of panels designed for use on the GeneReader system. This is the first targeted gene sequencing panel that can be used with either liquid biopsy or tissue samples.
On the flip side, Qiagen faces a tough competitive landscape, considering the wide gamut of services it provides. Moreover, the markets for some of Qiagen’s products are rather competitive and price sensitive. As a result, similar manufacturers may have significant advantages in terms of financial, operational, sales and marketing resources as well as experience in research and development.
Additionally, strong reliance on its tie-ups with companies to co-develop companion diagnostics paired with drugs that those companies either market currently or are developing for future use, js another downside for Qiagen. This is because future sales of companion diagnostics depend to a high degree on the commercial success of the related medicines for which the tests have been designed for determining their use in patients.
Currently, Qiagen carries a Zacks Rank #2 (Buy).
Key Picks in the Sector
Some other favorably ranked med-biomed/generic stocks are ANI Pharmaceuticals, Inc. (ANIP - Free Report) , Anika Therapeutics Inc. (ANIK - Free Report) and Heska Corporation . All the three stocks hold a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>