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Qiagen

#1775

Rank

$9.65B

Marketcap

NL Netherlands

Country

Qiagen
Leadership team

Mr. Thierry Bernard (CEO, MD & Member of Management Board)

Dr. Roland Sackers (CFO, MD & Member of Management Board)

Mr. Antonio Santos (Sr. VP & Head of Global Operations)

Products/ Services
Biotechnology, Health Care, Health Diagnostics
Number of Employees
1,000 - 20,000
Headquarters
Venlo, Limburg, The Netherlands
Established
1986
Company Registration
SEC CIK number: 0001015820
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
QGEN
Social Media
Overview
Location
Summary
QIAGEN N.V. offers sample to insight solutions that transform biological materials into molecular insights worldwide. The company provides primary sample technology consumables, such as nucleic stabilization and purification kits for primary sample materials, manual and automated processing for genotyping, gene expression, and viral and bacterial analysis, as well as silica membranes and magnetic bead technologies; secondary sample technology consumables, including kits and components for purification of nucleic acids from secondary sample materials; and instruments for nucleic acid purification and accessories. It also provides interferon-gamma release assay for TB testing, and assays for post-transplant testing and viral load monitoring; assays for prenatal testing and detection of sexually transmitted diseases and HPV, as well as assays for analysis of genomic variants, such as mutations, insertions, deletions, and fusions; and sample to insight instruments, including one-step molecular analysis of hard-to-diagnose syndromes, and integrated PCR testing. In addition, it offers PCR consumables, such as quantitative PCR, reverse transcription, and combinations kits for analysis of gene expression, genotyping, and gene regulation instruments and technologies; human ID and forensics assay consumables, including STR assays for human ID, and assays for food contamination; PCR instruments consist of digital PCR solutions; and developed and configured OEM consumables. Further, the company provides predefined and custom NGS gene panels, library prep kits and components, and whole genome amplification; QIAGEN consumables and instruments, as well as bioinformatics solutions; and custom laboratory and genomic services. It serves molecular diagnostics, academia, pharmaceutical, and applied testing customers. It has a strategic alliance agreement with Sysmex Corporation and OncXerna Therapeutics, as well as an agreement with Mirati. The company was founded in 1986 and is headquartered in Venlo, the Netherlands.
History

In 1984, QIAGEN was established on November 29 by a team of scientists at the Heinrich Heine University Düsseldorf, Germany. Two years later, QIAGEN launched its first product, a kit for purification of plasmids – small ring-shaped DNA molecules in bacterial cells – cutting the preparation time for plasmids from between two and three days down to two hours. 1996 saw the initial public offering of QIAGEN on the technology-oriented Nasdaq stock exchange, becoming the first German company to do so. 1997 saw the initial public offering on the Frankfurt Stock Exchange in Germany.

Acquisitions

In 2004, QIAGEN acquired key assets of Molecular Staging, Inc. Two years later, QIAGEN established its Asia regional headquarters in Shanghai. In 2007 sales reached US$649.8 million and the number of employees surpassed 2,600. QIAGEN acquired Digene for US$1.6 billion, furthering QIAGEN in molecular diagnostics by revenue and diagnostics for disease prevention.In 2009, QIAGEN began building its Personalized Healthcare business through the acquisition of DxS Ltd, in a deal valued at US$95 million and it acquired SABiosciences Corp. in a deal valued at US$90 million. At the end of 2009 QIAGEN surpassed the US$1 billion revenue mark and had over 3,500 employees. QIAGEN became one of the first companies to release a clinically verified diagnostic test for the detection of H1N1, more commonly known as Swine Flu.In 2010, QIAGEN acquired ESE GmbH, giving the company access to point of need testing devices for the application of molecular diagnostic tests without laboratory infrastructure. QIAGEN launched the QIAsymphony AS and QIAsymphony RGQ platforms, adding to the company's portfolio for laboratory workflow automation and molecular test full-process automation respectively.In 2011, QIAGEN acquired Ipsogen S.A. for US$101 million, adding to the company's product and IP portfolio in the blood cancer space and developing its position in molecular diagnostics for oncology. QIAGEN also acquired Cellestis Limited for US$374 million, giving the company access to QuantiFERON technology for disease detection and prevention. The company added two new offices in the Asia Pacific region in New Delhi, India and Taipei, Taiwan. The company announced a comprehensive restructuring program to focus on high-growth areas such as personalized medicine and business in emerging markets. The program includes workforce reduction and internal restructuring affecting approximately 10% of the company's 3,900 positions.In 2013, QIAGEN acquired Ingenuity Systems. QIAGEN also acquired CLC bio, which offers bioinformatics analysis software. In 2015, QIAGEN acquired AdnaGen's circulating tumor cell enrichment technology. QIAGEN also acquired Enzymatics enzyme solutions.In March 2015, a management buyout of QIAGEN Marseille led to the creation of HalioDx. In late 2015 the GeneReader NGS System was launched, and the acquisition of Mo Bio Laboratories was completed.In 2016, QIAGEN acquired the Danish molecular diagnostics company Exiqon.In 2017,QIAGEN acquired OmicSoft Corporation, a leading provider of highly curated public datasets.

In 2018, QIAGEN transferred listing to New York Stock Exchange. In April 2018, QIAGEN acquired the Spanish firm STAT-Dx and launched the QIAstat-Dx molecular diagnostics platform.

In 2019, QIAGEN announced the acquisition of Formulatrix assets to develop a digital PCR platform. An additional acquisition of N-of-One, a privately held U.S. molecular decision support company and pioneer in clinical interpretation services for complex genomic data, to expand its QCI bioinformatics offerings with Real World Insights. In October 2019 QIAGEN entered into an agreement with Illumina granting QIAGEN non-exclusive rights to develop and globally commercialize IVD kits to be used together with Illumina's diagnostic instruments.In September 2020 QIAGEN announced the acquisition of Michigan-based NeuMoDx Inc. to market two fully integrated systems for automated PCR.

2020 Thermo Fisher Acquisition Target

On March 3, 2020, Thermo Fisher Scientific announced plans for the acquisition of QIAGEN at €39 per share in cash, which valued the transaction at $11.5 billion at the time.The day after an open letter by hedge fund Davidson Kempner Capital Management, one of QIAGEN's largest shareholders, to reject the bid as undervalued, Thermo Fisher raised their tender by 10% to €43 per share, an advance of $1B in value. Davidson Kempner subsequently increased their holdings from 5.1% to 7.3% of QIAGEN.The acquisition offer was terminated on August 13, 2020 having only reached the threshold of 47% of shareholder approval, below the minimum 66.6% required as per agreement. Davidson Kempner was notable as having continued to reject the bid. Because of the lapsed offer, QIAGEN was required to reimburse $95 Million to Thermo Fisher in expenses. Within a week of the collapse of the merger, QIAGEN's stock rose over 10%.

On August 21, the chairman of the company's supervisory board, Håkan Björklund, stepped down to be immediately replaced by Lawrence Rosen.Resulting from the failed takeover bid, QIAGEN announced it would buy the outstanding 80.1% of shares in NeuMoDx Molecular Inc, it did not already own for about $234 million.

COVID-19

Since early 2020, QIAGEN worked closely with governments, public health authorities, and customers worldwide to ensure the availability of critical COVID-19 testing diagnostics, covering the needs of clinical and research customers. The company offers a comprehensive portfolio of SARS-CoV-2 testing solutions. The tests and kits cover manual to automated sample processing, low to high throughput, single-plex to multi-plex, and from active infection testing to detecting previous viral exposure.

In September 2021, QIAGEN entered the DAX – Germany’s leading stock market index.

In May 2022, QIAGEN strengthened its sample technologies business and acquired the majority stake in enzymes provider BLIRT S.A.

Mission
Our mission is to make improvements in life possible by providing Sample to Insight solutions that help translate biological*data into medical breakthroughs.
Vision
QIAGEN’s vision is to fully realize the potential of molecular biology.
Key Team

Mr. John Gilardi (VP of Corp. Communications & Investor Relations)

Dr. Thomas Theuringer (Sr. Director & Head of External Communications)

Ms. Stephany Foster (Sr. VP & Head of HR)

Dr. Thomas Schweins (Sr. VP of Life Science Bus. Area)

Mr. Thomas Neidert (VP of Global Treasury)

Mr. Jean-Pascal Viola (Sr. VP & Head of Molecular Diagnostics Bus. Area)

Dr. Jonathan G. Sheldon Ph.D. (Sr. VP of Qiagen Digital Insights Bus. Area)

Recognition and Awards
QIAGEN has been recognized for its innovation, leadership, and R&D excellence, having won four Global Innovation Awards from Frost & Sullivan since 2010.
References
Qiagen
Leadership team

Mr. Thierry Bernard (CEO, MD & Member of Management Board)

Dr. Roland Sackers (CFO, MD & Member of Management Board)

Mr. Antonio Santos (Sr. VP & Head of Global Operations)

Products/ Services
Biotechnology, Health Care, Health Diagnostics
Number of Employees
1,000 - 20,000
Headquarters
Venlo, Limburg, The Netherlands
Established
1986
Company Registration
SEC CIK number: 0001015820
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
QGEN
Social Media