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Wednesday, October 6, 2021

OpGen: Update on cash, securities registration

 

  • Preliminary Total Revenue for Q3 2021 was approximately $1.2 million

  • Cash as of September 30, 2021 was approximately $25.4 million, up significantly from the $13.4 million at year-end 2020

  • OpGen concluded search and expects to announce new CFO once appointment has been formalized

  • OpGen received 510(k) FDA clearance for its Acuitas AMR Gene Panel

  • OpGen initiated prospective multicenter clinical trial in the U.S. for the Unyvero UTI application

  • OpGen concluded search and expects to announce new CFO once appointment has been formalized

  • OpGen announced data from prospective randomized controlled multicenter clinical study using the Unyvero HPN panel for hospitalized patients with suspicion of pneumonia

  • OpGen filed a universal shelf registration statement on Form S-3 for up to $ 150 million

  • OpGen achieved key milestone in Unyvero A30 RQ development program with 10 systems now available for verification and validation testing which is ongoing

  • OpGen subsidiary Ares Genetics completed another project with Sandoz and continued commercial roll-out and growth of the ARESiss isolate sequencing service business

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