Sequenom, Inc. (NASDAQ:SQNM), a wholly owned subsidiary of Sequenom, Inc. (NASDAQ: SQNM), a life sciences company committed to enabling healthier lives through the development of innovative products and services, announced today the upcoming launch of the MaterniT™ GENOME laboratory-developed test. This test is the first noninvasive prenatal test (NIPT) to provide karyotype-level insight into fetal chromosomal status prior to considering an invasive procedure. The MaterniT GENOME test adds genome-wide identification of chromosomal gains or losses greater than 7 megabases (Mb) in size to Sequenom Laboratories’ growing NIPT testing portfolio.
“While cell-free DNA screening has marked a significant improvement in identifying pregnancies at risk for select whole chromosome aneuploidies, there remain a number of significant cytogenetic abnormalities that noninvasive prenatal testing has not been able to identify,” said Ronald Wapner, M.D., Director of Reproductive Genetics at Columbia UniversityMedical Center. “The ability to noninvasively detect subchromosomal alterations 7 megabases or greater throughout the genome should identify the majority of these changes that were previously undetectable by NIPT.”
The MaterniT GENOME test builds upon the industry leading microdeletion performance demonstrated by Sequenom Laboratories with the MaterniT21 PLUS laboratory-developed test, which was recently highlighted in an article by Hume JH, et al, published in the peer-reviewed journal Prenatal Diagnosis. Data supporting the validation of the MaterniT GENOME test will be presented at the 19th International Conference on Prenatal Diagnosis and Treatment (sponsored by the International Society of Prenatal Diagnosis and Therapy – ISPD) in Washington D.C., taking place July 12-15, 2015. The MaterniT GENOME test will be available to physicians later this quarter.
“The MaterniT GENOME test fulfills our goal of delivering the most relevant fetal genomic information noninvasively,” saidWilliam Welch, President and Chief Executive Officer of Sequenom. “As pioneers and innovators in noninvasive prenatal testing, we believe MaterniT GENOME represents a safe, cost effective and meaningful breakthrough in NIPT, supporting physicians in providing superior prenatal care for their patients.”
Sequenom Laboratories offers the most comprehensive portfolio of noninvasive prenatal testing services, including the VisibiliT™ and MaterniT21 PLUS tests, in addition to the new MaterniT GENOME test.
Sequenom Laboratories Scientific Posters at ISPD
Sequenom Laboratories is featuring four posters at ISPD; three posters showcasing recent research and clinical applications associated with the MaterniT21 PLUS test, and one poster supporting the new MaterniT GENOME test. The poster session will take place on Tuesday, July 14, 2015, from 1:15 – 2:00 p.m. ET.
- Poster #P2-1 – Clinical experience of trisomy 16 and 22, and microdeletion detection by noninvasive prenatal testing (NIPT)
- Poster #P2-2 – High volume clinical laboratory noninvasive prenatal testing: results from >400,000 patients
- Poster #P2-8 – Leveraging targeted sequencing of paired homologs for noninvasive detection of fetal aneuploidies
- Poster #P2-37 – Karyotype-level noninvasive prenatal testing by sequencing of circulating cell-free DNA from maternal plasma (Original Source)
Shares of Sequenom closed last Friday at $2.95. SQNM has a 1-year high of $4.80 and a 1-year low of $2.74. The stock’s 50-day moving average is $3.20 and its 200-day moving average is $3.68.
On the ratings front, Sequenom has been the subject of a number of recent research reports. In a report issued on May 8, Oppenheimer analyst Ling Wang reiterated a Buy rating on SQNM. Separately, on May 7, Wedbush’s Zarak Khurshid downgraded the stock to Hold and has a price target of $4.50.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ling Wang and Zarak Khurshid have a total average return of 1.7% and 3.1% respectively. Wang has a success rate of 44.7% and is ranked #1916 out of 3694 analysts, while Khurshid has a success rate of 63.6% and is ranked #1513.
Sequenom Inc is a molecular diagnostic testing and genetics analysis company which provides molecular diagnostic testing services.