Bionano Announces Software Marketing Agreement with Revvity for Newborn Sequencing Research
20 Giugno 2024 - 2:00PM
Bionano Genomics, Inc. (Nasdaq: BNGO), today announced that it
has entered into a software marketing agreement with Revvity, Inc.
(NYSE: RVTY) under which Revvity will market and commercialize
Bionano’s VIA™ software as part their newborn sequencing research
workflow. VIA is expected to enhance the comprehensive reporting
capabilities of Revvity’s sequencing solution by adding an
assessment of CNVs to its NGS workflow and streamlining the
workflow’s interpretation capabilities.
Revvity’s end-to-end workflow includes DNA extraction of dried
blood spot samples, sample quality control and quantification,
automated library preparation, sequencing, using systems from
Element Biosciences or Illumina, a hybridization-based NGS panel
designed to identify variants in over 390 genes that are relevant
for newborn sequencing research, cloud-based data management, and
analysis with VIA software.
Erik Holmlin, PhD, president and chief executive officer of
Bionano, said, “Bionano is focused on transforming the way the
world sees the genome and our VIA software is not only a powerful
tool for optical genome mapping visualization, interpretation and
reporting, but is also widely used for applications in NGS. We are
thrilled to be supporting Revvity in enabling the adoption of next
generation sequencing solutions in newborn sequencing research
applications around the world."
About Bionano
Bionano is a provider of genome analysis solutions that can
enable researchers and clinicians to reveal answers to challenging
questions in biology and medicine. The Company’s mission is to
transform the way the world sees the genome through optical genome
mapping (OGM) solutions, diagnostic services and software. The
Company offers OGM solutions for applications across basic,
translational and clinical research. The Company also offers an
industry-leading, platform-agnostic genome analysis software
solution, and nucleic acid extraction and purification solutions
using proprietary isotachophoresis (ITP) technology. Through its
Lineagen, Inc. d/b/a Bionano Laboratories business, the Company
also offers OGM-based diagnostic testing services.
For more information, visit www.bionano.com or
www.bionanolaboratories.com.
Except as specifically noted otherwise, Bionano’s products are
for research use only and not for use in diagnostic procedures.
Forward-Looking Statements of Bionano
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Words such as “expect,” “will” and similar expressions (as
well as other words or expressions referencing future events,
conditions or circumstances) convey uncertainty of future events or
outcomes and are intended to identify these forward-looking
statements. Forward-looking statements include statements regarding
our intentions, beliefs, projections, outlook, analyses or current
expectations concerning, among other things: the utility of VIA™
software for NGS and newborn sequencing research applications; the
ability and utility of VIA software for assessing CNVs in NGS
workflows for research applications; the ability and utility of VIA
software to enhance the report interpretation capabilities of
Revvity’s workflow for research applications; the ultimate success
of Revvity’s solutions and continued use of the VIA software; and
other statements which are not historical facts. Each of these
forward-looking statements involves risks and uncertainties. Actual
results or developments may differ materially from those projected
or implied in these forward-looking statements. Factors that may
cause such a difference include the risks and uncertainties
associated with: the impact of geopolitical and macroeconomic
developments, such as recent and potential future bank failures,
supply chain disruptions, global pandemics, inflation and the
ongoing conflicts between Ukraine and Russian and Israel and Hamas,
on our business and the global economy; general market conditions;
the failure of VIA software to be useful for NGS and newborn
sequencing research applications; the failure of VIA software to
assess CNVs in NGS workflows for research applications; the failure
of VIA software to enhance the report interpretation capabilities
of Revvity’s workflow for research applications including newborn
sequencing research applications; changes in our strategic and
commercial plans or the strategic or commercial plans of our
partner; our need and ability to obtain sufficient financing to
fund our strategic plans and commercialization efforts, our ability
to effectively manage our uses of cash, and our ability to continue
as a “going concern”; the ability of institutions to obtain funding
to support adoption or continued use of our technologies and the
solutions offered by our partner; and the risks and uncertainties
associated with our business and financial condition in general,
including the risks and uncertainties described in our filings with
the Securities and Exchange Commission, including, without
limitation, our Annual Report on Form 10-K for the year ended
December 31, 2023 and in other filings subsequently made by us with
the Securities and Exchange Commission. All forward-looking
statements contained in this press release speak only as of the
date on which they were made and are based on management’s
assumptions and estimates as of such date. We do not undertake any
obligation to publicly update any forward-looking statements,
whether as a result of the receipt of new information, the
occurrence of future events or otherwise.
CONTACTS
Company Contact:Erik Holmlin, CEOBionano
Genomics, Inc.+1 (858) 888-7610eholmlin@bionano.com
Investor Relations:David HolmesGilmartin
Group+1 (858) 888-7625IR@bionano.com
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