financetom
Business
financetom
/
Business
/
Illumina launches compact, low-cost gene sequencing devices
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Illumina launches compact, low-cost gene sequencing devices
Oct 10, 2024 10:18 PM

By Puyaan Singh and Bhanvi Satija

Oct 9 (Reuters) -

Medical equipment maker Illumina ( ILMN ) on Wednesday

announced its new series of smaller, low-cost benchtop gene

sequencers, a move that will make sequencing accessible to more

research and testing labs.

New generation sequencers, like Illumina's ( ILMN ) MiSeq devices,

help determine the sequence of DNA or RNA to study genetic

variation associated with diseases and diagnose rare genetic

conditions.

Unlike Illumina's ( ILMN ) NovaSeq X devices, which are as large as a

Xerox copier and designed for in-depth sequencing, the new MiSeq

i100 and MiSeq i100 Plus systems are compact enough to be placed

on benchtops, allowing smaller labs, which typically outsource

gene sequencing, to have these capabilities in-house.

The U.S. list price for the NovaSeq X devices starts at just

under $1 million compared to the MiSeq i100, which is priced at

$49,000 in the United States.

The i100 Plus system, designed to process a greater

number of samples, has a list price of $109,000.

The new MiSeq devices can produce results in just four

hours, four times faster than the older MiSeq sequencer and is

priced at $99,000.

CEO Jacob Thaysen stated that the new sequencers

represent a billion-dollar opportunity for Illumina ( ILMN ).

"Instead of having a PhD to run the sequencer, we can now

have lab techs do it; instead of waiting overnight for

sequencing, we can do it in one day," Thaysen said.

MiSeq i100 devices will offer 18 different programs

accessible on the instrument and in the cloud.

These include panels for detecting respiratory and

urinary pathogens, conducting influenza A and B surveillance,

and utilizing multiple cancer research panels.

The San Diego-based company said it is taking pre-orders for

the systems and will start shipping them globally in 2025.

Illumina ( ILMN ) said the reagents used in these devices can be

shipped and stored at room temperature, eliminating the need for

costly and bulky freezers.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Processa Pharmaceuticals Prices $7 Million Public Offering
Processa Pharmaceuticals Prices $7 Million Public Offering
Jun 17, 2025
12:47 PM EDT, 06/17/2025 (MT Newswires) -- Processa Pharmaceuticals ( PCSA ) said Tuesday it has priced a public offering to raise $7 million, with H.C. Wainwright as its placement agent. The company said it is offering 28 million shares and warrants to purchase up to the same number of shares at $0.25 per share and warrant. Investors can also...
Sector Update: Consumer
Sector Update: Consumer
Jun 17, 2025
01:04 PM EDT, 06/17/2025 (MT Newswires) -- Consumer stocks were lower Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 1.1%. In corporate news, JetBlue Airways ( JBLU ) Chief Executive Joanna Geraghty has told employees that the company is planning a series of cost cuts...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Vireo Growth Issues Second-Quarter Guidance
Vireo Growth Issues Second-Quarter Guidance
Jun 17, 2025
12:51 PM EDT, 06/17/2025 (MT Newswires) -- Vireo Growth ( VREOF ) Tuesday issued second-quarter guidance following three acquisitions of rival cannabis producers. The company expects pro forma revenue and adjusted EBITDA for the second quarter to be in the range of US$88 million to US$91 million, and US$23 million to US$24 million, respectively. The company said it is not...
Copyright 2023-2026 - www.financetom.com All Rights Reserved