QIAGEN(QGEN)

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Strategic Collaborations Aid QGEN Stock Amid Competition
ZACKS· 2025-01-17 16:41
Core Viewpoint - QIAGEN's business is poised for growth due to its expanding molecular diagnostic market, a broader test menu, and strategic collaborations, although it faces challenges from a tough macro environment and intense competition [1] Growth Drivers - QIAGEN offers a comprehensive portfolio of molecular technologies that enhance laboratory workflows and standardize procedures [2] - The company has established itself as a key partner in developing companion diagnostics alongside targeted drugs, with over 30 master collaboration agreements with pharmaceutical companies [3] - In Q3 2024, the Diagnostic Solutions product group saw a 10% sales increase year-over-year, driven by strong consumables sales, with the QuantiFERON test achieving over $100 million in sales for six consecutive quarters [4] - QIAGEN invests heavily in R&D, with expenditures at 8.9% of Q3 sales, aiming for further increases as it seeks regulatory approvals for new assays and instruments [5] - Strategic collaborations include a partnership with Eli Lilly to develop an IVD for Alzheimer's diagnosis and an extension of a partnership with Bio-Manguinhos/Fiocruz for malaria and dengue detection in Brazil [6] - The stock has gained 6.7% over the past three months, contrasting with a 12.2% decline in the industry, indicating potential for continued upward movement [7] Challenges - QIAGEN's international operations face risks from economic and political factors, with a 2% sales decline in the Asia Pacific, Japan, and Rest of World regions due to macro demand trends in China [8] - The company is significantly exposed to foreign currency risks, with Q3 2024 resulting in net losses of $1.1 million from currency transactions, and an expected negative impact of about 1 percentage point on full-year net sales [9] - QIAGEN faces competitive pressures from firms offering similar pre-analytical solutions, with some markets being highly competitive and price-sensitive [10] - Customer loyalty to initial suppliers in the pre-analytical sample technologies market makes it challenging for QIAGEN to convert customers from competitors [11]
Will Qiagen (QGEN) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-01-09 18:15
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Qiagen (QGEN) , which belongs to the Zacks Medical - Biomedical and Genetics industry, could be a great candidate to consider.This diagnostic products maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 5.66%.For the most recent quarter, Qiag ...
QGEN Stock Might Rise Following Partnership With Genomics England
ZACKS· 2025-01-08 12:56
QIAGEN N.V. (QGEN) recently partnered with Genomics England to support the delivery of the Generation Study. QIAGEN’s Clinical Knowledge Base will power a first-of-its-kind whole-genome sequencing study for 100,000 newborns to screen over 200 selected conditions, enabling earlier diagnosis and treatment of rare conditions.The latest partnership aims to broaden the utilization of QIAGEN’s Genomics portfolio.Likely Trend of QGEN Stock Following the NewsFollowing the announcement, shares of the company remaine ...
New Product Offerings Support QIAGEN's Shares Amid Currency Woes
ZACKS· 2024-12-30 16:51
QIAGEN’s (QGEN) business is expected to benefit from its expanded test menu of key platforms and strategic collaborations. Yet, the company faces a challenging macro environment. An intense competitive environment and exchange rate fluctuations may dent the results of operations. The stock carries a Zacks Rank #3 (Hold).Factors Driving QGEN StockQIAGEN’s long-term business strategy involves entering into strategic alliances as well as marketing and distribution arrangements with academic, corporate and othe ...
Should You Continue to Retain QIAGEN Stock in Your Portfolio Now?
ZACKS· 2024-12-05 13:50
QIAGEN N.V.’s (QGEN) solid potential in the molecular diagnostics area is poised to help it grow in the coming quarters. The company continues to progress with its test menu expansion, building a solid foundation to achieve its long-term targets. Strategic collaborations with Eli Lilly are helping it develop and market its existing and potential products. Meanwhile, the adverse impact of macroeconomic challenges as well as intense competition remain a concern for QIAGEN’s operations.In the past year, this Z ...
Here's Why Qiagen (QGEN) is a Strong Value Stock
ZACKS· 2024-11-29 15:40
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The Z ...
QGEN Stock to Gain From Expanding QIAstat-Dx With New Barcelona Site
ZACKS· 2024-11-29 13:41
QIAGEN N.V. (QGEN) has announced plans to move its QIAstat-Dx operations to a new site in Esplugues de Llobregat as part of a multi-year investment to strengthen this business. Slated to open in early 2026, the new site builds on the long-standing presence of the company in the Barcelona area and will cover the entire value chain for the QIAstat-Dx system.The site will include teams such as Research & Development (R&D), Manufacturing, Sales, Marketing, Quality Assurance and Regulatory Affairs. Additionally, ...
QGEN Stock Dips Despite Launch of Customized dPCR Assay Design Tools
ZACKS· 2024-11-28 13:45
QIAGEN N.V. (QGEN) recently launched two new tools for designing and ordering custom solutions to support microbial analysis of bacterial, fungal and viral targets. These new tools should enable researchers to customize their assays and panels for use on the QIAcuity digital PCR (dPCR) system and any third-party next-generation sequencing (NGS) system. These customizable digital PCR assays will be available on QIAGEN’s GeneGlobe web portal. QGEN Stock’s Trend Following the NewsSubsequent to the news, QGEN's ...
Here's Why Qiagen (QGEN) is a Strong Momentum Stock
ZACKS· 2024-11-25 15:56
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores. What are ...
Innovations Support QIAGEN Shares Despite Macroeconomic Concerns
ZACKS· 2024-11-22 15:21
QIAGEN's (QGEN) business is expected to get a boost from its growing molecular diagnostic market, expanded test menu and growth-driving strategic collaborations. Yet, the company faces a challenging macro environment. An intense competitive environment and exchange rate fluctuations may dent the results of operations. The stock carries a Zacks Rank #3 (Hold) at present.Factors Driving QGEN StockMolecular testing is the most dynamic segment of the global in vitro diagnostics market. QIAGEN offers one of the ...