Ip Takeover Rumours (IPO)

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28-05-2020
Oxford Nanopore are keeping pretty quiet about their recent sales growth, their products seem to be flying off the shelves with some of their machines on 8-12 week lead time. I suspect recent fundraise was to ramp up production capacity faster than originally planned. Management are wary of premature takeover approaches so maybe keeping a low profile to avoid unwanted attention. The 2 other main players in DNA sequencing Illumina and Pacbio both saw their 2020 Q1 fall year on year so could be a sign they are losing market share, now that Oxf Nano has nailed the accuracy issues in its product.
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