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TWST

Twist Bioscience

$22.87

1.37 (6.37%)

12:02
01/15/20
01/15
12:02
01/15/20
12:02

Twist Bioscience selected as subcontractor for DNA synthesis program

Twist Bioscience Corporation announced that it has been selected as a subcontractor to Georgia Tech Research Institute to undertake the DNA synthesis portion of the Molecular Information Storage program through a contract with the Intelligence Advanced Research Projects Activity. DNA has the ability to store large amounts of data over long periods of time in a very dense format, however today this storage technology is not cost efficient, nor widely available. The aim of the project, termed Scalable Molecular Archival Software & Hardware, is to make long-term DNA data storage accessible and commercially viable within the next three to five years. Twist Bioscience may receive up to $9.15M in fees under the multi-phase contract awarded to GTRI, which is worth up to $25M. The deliverables under the contract for Twist Bioscience consist of creating a DNA synthesis platform on silicon that "writes," or synthesizes, enough DNA per day to allow the cost of storing digital data to be as low as $1 per gigabyte. This is a reduction in the cost of approximately six to seven orders of magnitude from the cost of DNA data storage today, by Twist internal estimates. In addition to the $9.15M earmarked for Twist, there is an additional $5.5M slated to bolster DNA synthesis through new chip design with standard CMOS electronics that are able to write DNA using the efficiencies of current semiconductor technologies. This research will be conducted at GTRI, and will then come to Twist for commercial implementation. The primary contract is held by the GTRI, with subcontractors Twist Bioscience to conduct DNA synthesis, University of Washington/Microsoft teams bringing system architecture, data analysis and coding expertise and Roswell Biotechnologies to provide a high throughout DNA data reader chip and platform.

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TWST Twist Bioscience
$22.87

1.37 (6.37%)

05/31/19
EVER
05/31/19
INITIATION
Target $30.5
EVER
Outperform
Twist Bioscience initiated with an Outperform at Evercore ISI
Evercore ISI analyst Ross Muken initiated Twist Bioscience with an Outperform rating and $30.50 price target, telling investors that disruptive potential of synthetic biology is "massive" across industries. Twist's core business of DNA synthesis and its NGS Tools business give it "two shots on goal" to maintain greater than 25% growth over the next 3-5 years. Investors in the stock also get "two call options," namely the company's potential to provide synthetic RNA and DNA to RNAi therapeutic companies to help develop APIs and its potential to use DNA as a storage medium.
05/31/19
05/31/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lithia Motors (LAD) initiated with a Buy at Longbow. 2. Upland Software (UPLD) initiated with a Buy at Jefferies. 3. Alkermes (ALKS) initiated with a Neutral at H.C. Wainwright. 4. Twist Bioscience (TWST) initiated with an Outperform at Evercore ISI. 5. CyberArk (CYBR) initiated with a Buy at Berenberg. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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LMT

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