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Home » Business, Policy & Funding » Business News » Centogene Q3 Revenues Decrease 13 Percent Due to Non-Recurring Payments From Pharma Partners

Centogene Q3 Revenues Decrease 13 Percent Due to Non-Recurring Payments From Pharma Partners

Dec 05, 2019
|
staff reporter

NEW YORK – German rare disease company Centogene on Thursday reported a 13 percent year-over-year revenue decrease in Q3 caused mainly by non-recurring upfront payments by two pharmaceutical partners a year ago.

"We're driving solid performance that is much better than what it might appear on paper," said Centogene CEO Arndt Rolfs during a conference call to discuss the financial results.

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