Olink at a glance
Olink develops and markets its unique technology for protein analysis in human protein biomarker research. Olink’s proprietary Proximity Extension Assay (PEA) technology enables researchers to analyze large numbers of proteins with high-throughput analysis, exceptional data quality, and minimal sample consumption. This enables research which previously could not be done and lowers costs. The technology drives precision medicine by improving the understanding of the interaction of proteins and human disease.
Key developments in 2021
In March 2021, Olink was listed on the US Nasdaq at $20/sh. Since the IPO of Olink, the company has significantly improved its operational and organizational capabilities, roughly doubling the size of the organization in 2021. Despite COVID-19 related supply chain frictions in 3Q21, the company met or outperformed guidance on their key KPIs for the year, including 25 Explore externalizations, 28 Signature placements and 100% coverage of the plasma proteome with the Explore 3072. Full year 2021 revenue was $95MM, beating consensus estimates and representing a 76% yoy growth.
The challenges we face
We currently suffer from ineffective medication due to a lack of understanding of the biology of diseases. The shift from the "one size fits all" approach to precision medicine is a colossal challenge for science. Delivering the right treatment, to the right patient at the appropriate time requires developing protein biomarker panels to improve our understanding of human biology and optimize the development of new drugs and treatments.
What is the outcome?
Olink contributes to the understanding of the human biology through its unique technology aimed at science related to proteomics. Olink’s approach enables science that was not previously possible, and is a key contributor to precision medicine.
Who are the stakeholders?
Olink's customers are primarily found in pharma and in academic centers.
How big is the effect, and does it last?
Olink, with a library of over 2 947 validated biomarker assays, has been mentioned in 791 publications, supporting protein biomarker discovery research globally. Enabling precision medicine is important to drive better patient outcomes and sustainable costs in healthcare systems over time.
If Olink didn’t exist…
Since Olink provides a truly unique technology to the market, it makes a great contribution to precision medicine. If Olink did not exist, a vast majority of the research that it enables would not get done.
Impact risk: what can go wrong?
Product quality is fundamentally important, so if Olink would be unable to deliver strong product quality, its customers would likely stop using its products.