Why Shares of Bionano Genomics Are Up Monday
Shares of life sciences company Bionano Genomics (NASDAQ: BNGO) were up nearly 14% late Monday afternoon after the genomic testing equipment maker announced preliminary first-quarter numbers. The company, which manufactures the Saphyr optical genome mapping system, said it has 259 of its systems installed, an increase of 47% over the same period last year. The point of the Saphyr is it helps laboratories more efficiently find aberrations in genes that could cause medical disorders.