QIAGEN N.V. (QGEN - Free Report) recently published the outcomes of a multicenter clinical study highlighting the precision of its QIAstat-Dx syndromic testing solution in the diagnosis of the causes of acute gastroenteritis.
This has been a major step for the company toward offering accurate diagnosis and treatment of gastroenteritis.
Study Results in Details
The study proved that the QIAstat-Dx Gastrointestinal Panel was highly sensitive (98.2% positive percent agreement, a measure of ability to detect pathogens) and specific (99.9% negative percent agreement, a measure of ability to identify true negative samples). The panel could successfully identify multiple pathogens in nearly one-third of the patient samples that tested positive.
The study also demonstrated the ability of the QIAstat-Dx panel to provide cycle threshold (CT) values and amplification curves. This provides the system an edge in inferring diagnostic findings for gastrointestinal syndromes, which can be distorted by co-infections or false positives in testing. The company noted that other currently-existing syndromic platforms are not equipped to offer these facilities.
Introduced in Europe (in early 2018) and the United States (in mid-2019), the QIAstat-Dx system facilitates swift, cost-efficient and easy-to-use syndromic testing with novel Sample to Insight solutions. The QIAstat-Dx Gastrointestinal Panel provides differential diagnosis of more than 20 bacterial, viral and parasitic pathogens resulting in gut infections.
Per Grand View Research, the global gastrointestinal therapeutics market was valued at $51.9 billion in 2016 and is expected to see a CAGR of 6.6% over the forecast period of 2018-2025. Hence, the study results come at an ideal time.
Lately, the company has been investing in a few developments pertaining to the QIAstat-Dx system.
In May 2019, QIAGEN announced the U.S. launch of the QIAstat-Dx syndromic testing system after attaining 510(k) clearance by the FDA. Specifically, the company launched the multiplex QIAstat-Dx Respiratory Panel for simultaneous qualitative diagnosis and identification of multiple respiratory viral and bacterial pathogens.
In the past year, the stock has declined 7.6% compared with the broader industry’s fall of 24%.
Zacks Rank & Key Picks
QIAGEN currently carries a Zacks Rank #4 (Sell).
A few better-ranked stocks in the broader medical space are Medtronic (MDT - Free Report) , Baxter (BAX - Free Report) and NuVasive Corporation (NUVA - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Medtronic’s long-term earnings growth rate is expected to be 7.13%.
Baxter’s long-term earnings growth rate is projected at 12.8%.
NuVasive’s long-term earnings growth rate is expected to be 12.75%.
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