Bionano Genomics

Bionano Genomics

BNGOPre-clinical
San Diego, United StatesFounded 2003bionano.com

Bionano Genomics is on a mission to transform the way the world sees the genome through its optical genome mapping technology, which detects structural variants missed by traditional cytogenetics and sequencing. The company has commercialized its OGM systems and software, with over 500 publications citing its use in research and clinical applications. Bionano's strategic focus is on driving adoption in clinical cytogenomics and research labs to improve the diagnosis and understanding of cancers and genetic diseases.

Market Cap
$11.1M
-65.2% period
Pipeline
Patents
Publications

BNGO · Stock Price

USD 1.152.15 (-65.15%)

Historical price data

AI Company Overview

Bionano Genomics is on a mission to transform the way the world sees the genome through its optical genome mapping technology, which detects structural variants missed by traditional cytogenetics and sequencing. The company has commercialized its OGM systems and software, with over 500 publications citing its use in research and clinical applications. Bionano's strategic focus is on driving adoption in clinical cytogenomics and research labs to improve the diagnosis and understanding of cancers and genetic diseases.

OncologyGenetic DiseaseRare DiseaseReproductive Health

Technology Platform

Optical Genome Mapping (OGM) technology that linearizes and images ultra-high molecular weight DNA to detect structural variants (SVs) across the entire genome, complementing next-generation sequencing.

Funding History

5
Total raised:$173M
PIPE$100MJan 15, 2021
IPO$30MAug 9, 2018
Series C$20MJun 15, 2010
Series B$15MJun 15, 2007

Opportunities

Significant growth opportunity lies in displacing traditional cytogenetics methods (karyotyping, FISH, CMA) in clinical labs with a more comprehensive and automated OGM workflow.
Expansion into regulated clinical diagnostics and quality control for the booming cell and gene therapy market present additional avenues for growth.

Risk Factors

Key risks include slow adoption of new technology by clinical labs, intense competition from improving NGS-based structural variant detection, challenges in securing insurance reimbursement, and the company's current pre-profitability financial status requiring careful cash management.

Competitive Landscape

Bionano competes with traditional cytogenetics methods (Abbott, OpGen), chromosomal microarray (Thermo Fisher, Agilent), and next-generation sequencing giants (Illumina, PacBio, Oxford Nanopore). Its differentiation is a specialized, high-throughput platform optimized for genome-wide structural variant detection, positioned as a complementary tool to NGS.