Bionano Genomics

Bionano Genomics

BNGO
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BNGO · Stock Price

USD 1.33-2.51 (-65.36%)
Market Cap: $14.5M

Historical price data

Overview

Bionano Genomics is a public company commercializing Optical Genome Mapping (OGM), a technology platform designed to detect structural variants (SVs) across the genome. The company has established a growing body of evidence with over 500 publications and is transitioning from research to clinical adoption, with its Stratys™ and Saphyr® systems targeting cytogenetics and molecular genomics labs. Its strategy focuses on positioning OGM as an essential, complementary tool to next-generation sequencing (NGS) to fill the critical 'structural variant gap' in comprehensive genomic analysis.

OncologyGenetic Disease

Technology Platform

Optical Genome Mapping (OGM) technology that images long, linearized DNA molecules to detect structural variants (SVs) across the genome, providing a digital, high-resolution alternative to traditional cytogenetics and a complement to next-generation sequencing.

Funding History

5
Total raised:$173M
PIPE$100M
IPO$30M
Series C$20M
Series B$15M

Opportunities

The primary opportunity lies in displacing the multi-billion dollar traditional cytogenetics market (karyotyping, FISH, CMA) with a superior, consolidated digital workflow.
Additionally, serving as an essential complement to the massive NGS market to close the 'structural variant gap' in genetic disease and oncology, and enabling quality control in the high-growth cell and gene therapy sector, represent significant expansion avenues.

Risk Factors

Key risks include slow commercial adoption and failure to secure clinical reimbursement, financial sustainability requiring dilutive financing, and rapid technological advancement from competitors in long-read sequencing and bioinformatics that could erode OGM's value proposition.

Competitive Landscape

Bionano competes with traditional cytogenetics providers (e.g., Abbott), next-generation sequencing giants (Illumina, Thermo Fisher) as a complementary technology, and other long-read platforms (PacBio, Oxford Nanopore). Its defensibility relies on OGM's specific advantages for certain structural variants, a growing clinical evidence base, and integrated analysis software.