Here's Why Bionano Genomics Stock Jumped Today
Shares of Bionano Genomics (NASDAQ: BNGO) continued their rally on Friday, following the conclusion of the biotech's Next-Generation Cytogenomics Symposium. As of 2:40 p.m. EST, Bionano's stock price was up more than 17%.
The final day of Bionano's symposium focused on the ability of its Saphyr optical genome mapping (OGM) system to analyze the genomes of people with diseases resulting from so-called genomic repeats, or repetitive sequences that can alter the function of genes.
Bionano Genomics stock surged as its Saphyr system drew rave reviews. Image source: Getty Images.
Source Fool.com
