“2025 was a pivotal year for Bionano. We transformed our business model to focus on routine users of our optical genome mapping solutions, improved our financial profile with reduced cash burn and improved gross margins, and expanded the use and adoption of OGM both in the U.S. and internationally,” commented Erik Holmlin, PhD, president and chief executive officer of Bionano. “We saw important reimbursement progress with the establishment of a second category I CPT code for OGM, this time in constitutional genetic disorders and a 47% increase in payment determination for the category I CPT code for OGM use in hematologic malignancies. We also saw significant expansion in the body of published clinical research evidence in support of using OGM as an alternative to traditional cytogenetic methods, with continued growth both in peer-reviewed publications and reported clinical research genomes. Our teams launched a major upgrade to our software and compute platforms, among other product improvements. As a result, we are entering 2026 with a strong foundation and pipeline of demand.”
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BNGO:
- Bionano Genomics recaps advances in OGM showcased at AMP 2025
- Bionano notes 2026 CLFS indicates 47% increase in payment determination
- Bionano Genomics price target lowered to $7 from $11 at H.C. Wainwright
- BioNano Genomics: Strong Market Performance and Strategic Shift Drive Buy Rating
- Bionano Genomics Reports Strong Q3 Earnings Amid Challenges
