Their novel, electronics-based DNA/RNA sequencing technology is being used in more than 80 countries, for a range of biological research applications. CLÍNICA UNIVERSIDAD DE NAVARRA This valuation seems somewhat at odds with the group’s financial performance. Oxford Nanopore, the gene analysis company, has told investors it plans a stock market listing within 12 months, handing a lifeline to fund manager … Oxford Nanopore Technologies. Oxford Nanopore Technologies valuation is $1.6 b, and annual revenue was £32.52 m in FY 2018. Pacbio, BGI), it is impossible to come up with anything more that $700M-$800M. According to its most recent accounts filing, Oxford Nanopore’s 2018 revenues came to … Oxford Nanopore is the principal driver of IPO’s valuation: IP Group’s 19.7% stake in Oxford Nanopore is valued at £246.3 million, or 18% of the total portfolio. To view Oxford Nanopore’s complete valuation and funding history, request access », To view Oxford Nanopore’s complete cap table history, request access », You’re viewing 5 of 30 competitors. Personalize which data points you want to see and create visualizations instantly. Oxford Nanopore was valued at a reported £1.5 billion in March 2018 with a £100 million investment from GIC, China Construction Bank International and Australian superannuation fund Hostplus, among others. Our goal is to enable the analysis of any living thing, by any person, in any environment. 19th - 21st May 2021 . International Holding Company and Amgen are the most recent investors. © 2021 PitchBook Data. Get started Talk to us Subscribe. Oxford Nanopore’s Hand-Held DNA Analyzer Has Traveled the World. For various reasons explained in our earlier blog posts, we have been negative on the company. [ citation needed ] In an article in Wired in 2015, Clive Brown, CTO of Oxford Nanopore noted that "future nanopore sensing devices linked to cloud based analyses could run anywhere on anything. Do you like it? May 23, 2017. We have data on 193 companies that use Oxford Nanopore. Skip to main content. However, apart from having to change the molecular mechanism of one of its sequencing products Oxford Nanopore has not suffered major repercussions. I wrote this article myself, and it expresses my own opinions. Want the latest in European biotech delivered straight to your inbox? Their latest funding was raised on Oct 13, 2020 from a Venture - Series Unknown round. One may counterargue based … Our goal is to enable the genetic analysis of any living thing, by any person, in any environment. Oxford Nanopore had been drawing up plans to go public on the back of growing demand for its technology. About Oxford Nanopore Oxford Nanopore Technologies aims to disrupt the paradigm of biological analysis by making high performance, novel DNA/RNA sequencing technology that is accessible and easy to use. Oxford Nanopore Technologies aims to disrupt the paradigm of biological analysis by making high performance, novel DNA/RNA sequencing technology that is accessible and easy to use. ADVERTISEMENT. Oxford Nanopore Technologies aims to disrupt the paradigm of biological analysis by making high performance, novel DNA/RNA sequencing technology that is accessible and easy to use. Date: Tuesday 20 Mar 2018 (ShareCast News) - Biotech firm Oxford Nanopore has raised £100m from its latest private funding round, valuing the rapidly-expanding UK group somewhere in the vicinity of £1.5bn as a result. That was, however, an improvement on 2017 losses of £56.5 million. We can argue in three ways. Online. Oxford Nanopore. Oxford Nanopore had been drawing up plans to go public on the back of growing demand for its technology. Oxford Nanopore has worked to establish the concept of an 'Internet of Living Things', originally conceived as an 'Internet of DNA' by David Haussler, a bioinformatician based at UC Santa Cruz. Oxford Nanopore's valuation hits £1.5bn after Asia-Pac funding round. July 2018 ; Scientific Reports 8(1) DOI: 10.1038/s41598-018-29334-5. Register to attend. The company’s flagship MinION device has been challenging competitors with its ability to sequence an entire human genome using protein nanopores to sequence DNA in real time with high accuracy. Labiotech.eu is the leading digital media covering the European Biotech industry. Contact Get started. What Does the Next Decade Have in Store for European Biotech? Despite the aggressive behavior of its competitors, Oxford Nanopore is the only company in the world being able to rival with Illumina in the sequencing market. Today, Oxford Nanopore Technologies is the only company to have brought nanopore-based sequencers to market. Oxford Nanopore, the disruptive unicorn gunning for Illumina. By Tom Winnifrith | Tuesday 20 March 2018. Get the full list », You’re viewing 5 of 9 executive team members. Oxford Nanopore are now nipping at Illumina’s heels along with Qiagen (see my recent post on the Genereader sequencer)and PacBio. It is not known what value Oxford Nanopore will get as a listed company. We can argue in three ways. In 2016, Oxford Nanopore Technologies secured a whopping €120M — the largest in Europe that year. A British company, number 32 on our list of the 50 Smartest Companies, bets a tiny analyzer will change how we look at DNA. Snippet roundup: Funding boosts the US NIH and could spawn a UK ubercorn. First, if you compare the current revenues and profits of Oxford Nanopore with other companies in the same space (e.g. With the latest round of financing cementing its unicorn status and a new benchtop sequencing system having hit the market at the end of last year, Oxford Nanopore Technologies is sitting pretty. Oxford Nanopore recently announced that it has attracted a further £100M in funding. The last funding round of $136 million closed just last month, giving Oxford Nanopore a valuation of $1.55 billion, and landing them on the highly … An IPO would make all of Oxford Nanopore’s co-founders multi-millionaires and its 450 staff would also share in the bonanza through share options. Oxford Nanopore Technologies (UK) Founders: Gordon Sanghera, Hagan Bayley Valuation: £1.5 billion Total Funding: €529 million Founded Year: 2005. All of these technologies currently do not deliver the Q30+ data Illumina have bet the farm on – the next 18 months will be interesting as we see if users are prepared to switch to “lower quality” raw sequencing, for “higher quality” results. That brings us to the next point that the asking price of $2B for Oxford Nanopore is too high. Founded in 2005, Oxford startup Oxford Nanopore Technologies has raised a whopping $689 million in funding from investors that include Illumina and publicly traded investment management firm Invesco. That brings us to the next point that the asking price of $2B for Oxford Nanopore is too high. Oxford Nanopore Technologies is funded by 14 investors. Oxford Nanopore Valuation is Too High. IP Group remains the company’s largest shareholder with a stake of 18.3%. First, if you compare the current revenues and profits of Oxford Nanopore with … Stellar commercial and technical success of the UK based nucleic acid analysis company indicates it can go public on a higher valuation. Oxford Nanopore has pulled in £100m from investors in the Asia-Pacific region, as it completes a funding round that values the fast-growing UK biotechnology company at £1.5bn. Oxford Nanopore, the largest unquoted ... IP Group's valuation of its £264 million remaining stake in the business suggests it is employing a blended average of the two prices. Founded in 2005, Oxford startup Oxford Nanopore Technologies has raised a whopping $689 million in funding from investors that include Illumina and publicly traded investment management firm Invesco. Oxford Nanopore. Their novel, electronics-based DNA/RNA sequencing technology is being used in more than 80 countries, for a range of biological research applications. If Oxford Nanopore can deliver this forecasted revenue, Numis argues that the market could pay over 25x forward earnings, placing a valuation on the company in four years of nearly $10 billion. Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Oxford Nanopore Technologies has raised a total of £754.2M in funding over 17 rounds. Their novel, electronics-based DNA/RNA sequencing technology is being used in more than 80 countries, for a range of biological research applications. Oxford Nanopore Technologies has been hailed as one of Britain’s most promising unicorns, a private company worth more than $1 billion. Stellar commercial and technical success of the UK based nucleic acid analysis company indicates it can go public on a higher valuation. Handheld Device Sequences Human Genome. The Oxford … Undeterred by competitors, Oxford Nanopore, one of the few unicorns in the biotech space, has secured £100M (€113M) to continue growing its unique next-generation sequencing platform. For example, Two Pore Guys has announced the release of its product suite in spring 2019. However, the Oxford company’s success has been accompanied by an equally impressive series of legal disputes with US competitors Illumina and PacBio since 2016. Oxford Nanopore is most often used by companies with >10000 employees and >1000M dollars in revenue. NHSA […] All of these technologies currently do not deliver the Q30+ data Illumina have bet the farm on – the next 18 months will be interesting as we see if users are prepared to switch to “lower quality” raw sequencing, for “higher quality” results. Use the PitchBook Platform to explore the full profile. Developer of a new generation of DNA/RNA sequencing technology designed to enable the analysis of any living thing, by any person, in any environment. Oxford Nanopore Valuation is Too High. The Good News from Oxford Nanopore that exposes the valuation scandal at Woodford. OXFORD NANOPORE TECHNOLOGIES LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity. Get the full list », You’re viewing 5 of 10 board members. Oxford Nanopore started as an Oxford University spinout, receiving initial seed funding from IP Group in 2005. A Look Back at the Past Decade of European Biotech. Oxford Nanopore Technologies has 477 employees across 9 locations, $975.47 m in total funding, and £32.52 M in annual revenue in FY 2018. In 2016, Oxford Nanopore Technologies secured a whopping €120M — the largest in Europe that year. Evaluation of Oxford Nanopore’s MinION Sequencing Device for Microbial Whole Genome Sequencing Applications. January 11, 2017. The company has developed a nanopore DNA sequencing platform that is uniquely scalable from pocket-sized formats through to ultra-high-throughput devices, thereby offering researchers with real-time data analysis for rapid and dynamic insights. Over 150,000 monthly visitors use it to keep an eye on the business and innovations in biotechnology. NEW YORK – Oxford Nanopore Technologies said Thursday it has raised a total of £109.5 million ($144.4 million) between new capital investments and the sale of secondary shares. Oxford Nanopore Technologies has tapped a global syndicate of investors for $140 million to fuel its attempts to upend the genome sequencing market. “Discounting to today implies a $6-billion valuation, but we discount by 67% to account for the lack of data, or commercial launch, and the company's small size. Oxford Nanopore is one of the best-funded biotechs in Europe, having raised £507.3M (€578M) in total, and famous for its “DNA-reading gadget the size of a Mars bar that sells for $1,000.” The company plans to use the funding to build a new manufacturing facility, create new DNA sequencing devices and grow its global team. Oxford Nanopore Technologies said it has raised £100 million ($140 million) in new financing, with plans to use the proceeds toward commercial expansion efforts, including a new manufacturing facility, and the development of new products. The last funding round of $136 million closed just last month, giving Oxford Nanopore a valuation of $1.55 billion, and landing them on the highly coveted CB Insights Unicorn List . The developer of the pocket-sized MinION real-time DNA/RNA sequencer and other nanopore analysis devices said the funds will support its next … According to our sources, Oxford Nanopore’s valuation is currently at an impressive £1.5Bn (€1,71Bn). The privately held, UK-based firm said it raised £29.3 million in capital and sold £80.2 million in shares. I am not receiving compensation for it (other than from ShareProphets). Explore our scalable DNA sequencing products and services including the portable MinION and powerful PromethION. A British company, number 32 on our list of the 50 Smartest Companies, bets … Oxford Nanopore Technologies: Worth £930m at its most recent fund-raising. I wrote this article myself, and it expresses my own opinions. The company plans to use its new funding to expand its genome sequencing product line to address the real-time genetic analysis of infectious diseases, food and water surveillance, and large-scale, on-demand sequencing of plant and animal genomes in addition to human. Developer of a new generation of DNA/RNA sequencing technology designed to enable the analysis of any living thing, by a. ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. By Iain Gilbert. In terms of value, the DNA Next Generation Sequencing industry is expected to register a steady CAGR during the forecast … Covid-19 Vaccines Roll Out in the UK and EU: What’s Next? Oxford Nanopore was spun-out from Oxford University as a private company in 2005 but is still loss making. Others : Global DNA Next Generation Sequencing Market Report Scope: Research Report offers a forecast for the global DNA Next Generation Sequencing market between 2019 and 2026. Can the company's $1.5bn valuation be justified when last year it took just $23.5m in orders? Last year, Amgen a California based biotech, acquired a 3% stake in the gene analysis company in a deal in which Oxford Nanopore was valued at £1.5 billion. The excitement isn't entirely misplaced, despite a $40 billion gap in market valuation between the two companies. News & Analysis; Illumina’s NovaSeq Platform Targets the $100 Human Genome, but do they Risk Self-Cannibalisation? 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