OpGen Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Health Care : Biotechnology | Small Cap Value
Company profile

OpGen, Inc. (OpGen) is a precision medicine company that uses molecular diagnostics and informatics to combat infectious diseases. The Company, through its subsidiaries, is focused on developing and commercializing molecular microbiology solutions helping to guide clinicians with actionable information infections caused by multidrug-resistant microorganisms (MDROs). The Company’s product portfolio includes Unyvero, Acuitas AMR Gene Panel, and the ARES Technology Platform including ARESdb, next-generation sequencing (NGS) technology and AI-powered bioinformatics solutions for AMR surveillance, outbreak analysis, and antibiotic response prediction including ARESiss, ARESid, ARESasp, and AREScloud, as well as the Curetis CE- in vitro diagnostics (IVD)-marked polymerase chain reaction (PCR)-based severe acute respiratory syndrome (SARS)-CoV-2 test kit. The Company’s subsidiaries include Curetis GmbH and Ares Genetics GmbH.

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Nikola says electric-truck recall has no timeline or cost estimate

9:03 pm ET September 13, 2023 (MarketWatch)

By Ben Glickman

Nikola (NKLA) Chief Executive Steve Girsky said the company can't yet share the timeline or cost estimate for the voluntary recall of 209 of its battery-electric trucks.

The Phoenix-based zero-emission truck maker initiated a voluntary recall in August after an investigation found a battery defect caused a fire in one of its vehicles. The company also placed a temporary hold on sales of those trucks, called the Tre BEV model.

In recorded remarks Wednesday, Girsky said trucks that have been returned to the company will have their coolant lines replaced. Each truck has nine battery packs, each of which has two coolant loops.

In some cases entire battery pack modules would need to be replaced, according to Girsky.

Trucks that remain in operation are under surveillance by the company, and no issues have been observed.

All repaired vehicles will undergo validation testing, Girsky said.

"It's a setback, but we're in it for the long haul."

Nikola said in August its recall could lead to significant cost and could threaten the company's ability to meet its delivery guidance for the year.


This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

September 13, 2023 21:03 ET (01:03 GMT)

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