UK's Oxford Nanopore gains on FY revenue forecast

Oxford Nanopore Technologies

13/01/2025 09:04

** Shares of British biotech firm Oxford Nanopore
Technologies  ONT.L  surge 21.6% to 158.75p
    ** Co expects to report FY revenue of about 183 mln pounds 
($222.27 million) vs 169.7 mln pounds in FY23
   ** Says increase in revenue is due to expansion into new
sectors outside of research, including applied industrial,
biopharma and clinical
    ** Co reaffirms medium-term guidance 
    ** Stock fell ~36% in 2024 
    



($1 = 0.8233 pounds)

 (Reporting by Ankita Bora in Bengaluru)
 ((Ankita.Bora@thomsonreuters.com))