Why Bionano Genomics Stock Soared Today

Shares of Bionano Genomics (NASDAQ: BNGO) surged 20.6% on Monday after the biotech company began its Next-Generation Cytogenomics Symposium, during which potential applications of its Saphyr optical genome mapping (OGM) system were discussed. 

Bionano Genomics published a study that used Saphyr to identify structural variants (SVs) in genes that control immune and inflammatory responses. The results of the study could shed light on why COVID-19 causes some people to become severely ill.

Bionano Genomics' stock price jumped on Monday. Image source: Getty Images.

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Source Fool.com