Illumina (ILMN) Announces Personal Genome Sequencing Service

Submitted By Trader Mark
Illumina (ILMN) has been a tricky one of late - it looked like it broke a long term resistance at $39 a week ago Wednesday, and then quickly reversed down after buyers flooded in off the "breakout". After revisiting support yesterday and this morning at the 20 day moving average, the stock has boomeranged up. Thanks to reader praveen for giving a heads up on it.

Some interesting new announced yesterday after the bell - your own Genome Sequencing.

Illumina, Inc. (NASDAQ:ILMN - News) today unveiled a service program to provide high-quality personal genome sequencing for consumers. This is the first service to offer complete coverage of the human genome sequence for under $50,000.
The Personal Genome Sequencing Service is performed in Illumina’s recently certified CLIA laboratory utilizing Illumina’s industry leading Genome Analyzer technology. The offering includes sequencing of an individual’s DNA to 30 times depth, providing information on SNP variation and other structural characteristics of the genome such as insertions, deletions and rearrangements.
“Rapidly decreasing costs have made sequencing a pervasive technology that can begin to be accessed at the consumer level,” said Jay Flatley, CEO and president of Illumina. “We are entering a new era in genomic health, where information from an individual’s genome will begin to inform lifestyle decisions and ultimately assist with health management. We believe that in the long-run personal genome sequencing will become a routine practice and the information generated will enable physicians to make better healthcare decisions for the consumer. By providing this service now, Illumina can help catalyze the development of the infrastructure and physician education that will be necessary as genomic information becomes medically more meaningful.”

Motley Fool chimes in...

The price of getting your DNA sequenced just dropped in half--to $48,000. With the new service, being offered by Illumina ( ILMN - news - people ), a San Diego biotechnology company, patients will sit down with a physician, get a prescription and then, after a period of time allowing them to have second thoughts, will receive an Apple ( AAPL - news - people ) computer loaded with their DNA sequence and software for reading it. On the computer (the customer's to keep), will be the patient's entire genome--the encoding of all 3 billion DNA letters in the body.
The move to introduce a service that sells genetic information to consumers--even at a steep price--represents an important strategic step for Flatley. He is preparing for the day when people will be able to get their genes sequenced for cheap--a few thousand dollars--and when doing so will be medically useful. Only one other company, closely held Knome of Cambridge, Mass., will sequence your genome for you, at a cost of $99,000 (down from $350,000 in January 2008).
What Wednesday's move does is put Illumina out in front of the general public, giving it a chance to learn to sell genetic information to consumers. It will make use of a government-approved laboratory for doing diagnostic tests. It will create a network of doctors who are trained to counsel patients and give the tests. Flatley says he has agreements with Knome, 23andMe, Decode and Navigenics to help consumers interpret their genomes.

Illumina (www.illumina.com) is the leading developer, manufacturer, and marketer of next-generation life-science tools and integrated systems for the analysis of genetic variation and biological function. Using our proprietary technologies, we provide a comprehensive line of products and services that currently serve the sequencing, genotyping, and gene expression markets, and we expect to enter the market for molecular diagnostics. Our customers include leading genomic research centers, pharmaceutical companies, academic institutions, clinical research organizations, and biotechnology companies.

[Apr 21, 2009: Illumina - Solid Growth; as Always Difficult P&L]
[Feb 4, 2009: Illumina Continues to Execute]
[Oct 22, 2008: Restarting Illumina on Earnings Confusion]
[Jul 22, 2008: Healthcare Companies that Start with Letter "I" Outperform]
[Apr 23, 2008: Two Healthcare Stocks Report]
[Feb 4, 2008: Illumina Keeps Performing]
[Dec 20, 2007: Nice Writeup on Illumina]

Long Illumina in fund; no personal position

Did you like this article?

Login or register to post comments
Email this page
Reset vote
0 points

Guess was established in the

Submitted by erye on Thu, 03/11/2010 - 8:35pm.

Guess was established in the early '80's and mbt tunisha has since become one of global lifestyle brands. Today,guess handbags outlet, markets and distributes full collection of women,mbt lami birch men and children's apparel, as well as guess handbags outlet and accessories. Many women consider this Designer handbags outlet, Guess purses and Guess bags as among the "must have" items in their wardrobe.nike air max 95 At present,nike air max handbags are not just fashion statements anymore.nike air max 360 Bags must be large,2009 air max sturdy and functional to support the needs of the modern woman.mbt lami birch It is not unusual for women to more than one bag. air max 2003 A vital necessity for one bag is not adequate to carry everything she needs.nike air max 2010 Guess handbags are trendy that complements every fashion-conscious woman's lifestyle.nike air max 95 Most retail stores sell Guess purses between nike air max 90, making this an affordable nike airmax 95.

mens lacoste shoes has an

Submitted by erye on Fri, 03/05/2010 - 2:05am.

mens lacoste shoes has an unrivaled heritage in lacoste shoes cheap the sports fashion market.The lacoste shoes for women continues to appeal to the lacoste shoes sale young consumer and the lacoste footwear line is no exception.We have lacoste shoes for men and lacoste men shoes.These stylish and fashionable lacoste shoes have the most competitive price.lacoste shoes sale 7 business days delivery!buy lacoste shoes Welcome to our website.

Comfortable mbt shoes known

Submitted by erye on Sat, 02/27/2010 - 9:58am.

Comfortable mbt shoes known for offering branded shoes,mbt shoes online and other footwear items from renowned manufacturers,mbt sale gains world recognition for offering authentically designed mbt walking shoes at easy-on-the-pocket prices.MBT Shoes M Walk, offered by Plant Shoes,mbt for sale is deliberately designed to increase the mbt on sale advantages of walking as well as exciting the mbt clearance good effects on health.If you wear mbt chapa, your body is forced to maintain its natural balance,mbt outlet thereby stimulating and exercising mbt shoes sale the body’s supporting muscle system.mbt shoes on sale.

Shop online for authentic

Submitted by ugg mbt on Sun, 02/21/2010 - 9:53am.

Shop online for authentic luxury Porsche Design Watches,wholesale Burberry Handbags,wholesale rolex watches,Accessories including PTC 911,wholesale Nike Shox Shoes,mbt shoes,wholesale Dolce Gabbana Handbags,wholesale Louis Vuitton Handbags,Flat Six,wholesale ed hardy,wholesale rolex watches,Indicator at our website,porsche design watches,wholesale jordan shoes,nike air max 2009,The biggest brand discount website!

If you are looking for the

Submitted by Ecboots on Thu, 02/18/2010 - 9:14pm.

If you are looking for the top boots such as timberland boots sale,christian louboutin shoes, uggs on sale,puma shoes ,high quality, Quick shipment,Lowest price and Good service. Many people care their health.To have a good MBT shoes, will help reduce the anxious.when you see mbt shoes sale, you can find timberland boots sale, christian louboutin sale and puma shoes sale, no matter which you like, there are some other styles, like timberland 6 inch boots, ugg bailey button,ugg argyle knit boots,timberland boots mens,timberland roll top boots, mbt lami shoes.these shoes make you so fashion in cold winter. Also,you can take a look the designer handbags,such as gucci handbags,chanel handbags, Louis Vuitton Handbags and so on.

puma shoes |puma speed

Submitted by xuxiangfei on Wed, 02/03/2010 - 10:21pm.

0332Adidas Shoes Sale

Submitted by icecream on Tue, 02/02/2010 - 11:41am.

0332Adidas Shoes Sale now.They are famous for skillful manufacture and superior quality.From Adidas Originals to Adidas Superstar Shoes,it make people satisfactory.We also offer all kinds Nike Air Max:Air Max 2009,Nike Air Max Ltd,Air Max 2003.Now,ugg boots on sale,the famous is ugg classic cardy boots and UGG bailey button.

Your guide to Discount

Submitted by erye on Mon, 02/01/2010 - 12:04am.

Your guide to Discount Designer Sunglasses Online including exclusive deals on Chanel Sunglasses, We are the direct manufacturer of classic chanel sunglasses provides you with wholesale,Gucci Sunglasses offer a large selection of wholesale replica sunglasses and wholesale Prada Sunglass,include ray ban sunglasses,Freepost Returns on all Sunglasses sale is a great source for sunglasses on Discount sunglasses sale.

We supply nfl jerseys,cheap

Submitted by cheap nfl jerseys on Thu, 01/28/2010 - 12:01pm.

We supply nfl jerseys,cheap nfl jerseys,wholesale nfl jerseys,nfl youth jerseys wholesale,bears jerseys.All kinds of jerseys are on sale jersey shirts,Buy wholesale nfl jerseys, baseball jersey products limited edition. free shipping and accept credit card online authentic jersey.

Christian Louboutin Sale

Submitted by fan on Thu, 01/28/2010 - 2:50am.

Christian Louboutin Sale

As the climate is colder and colder, many more warm boots fight against cold. Christian Louboutin Boots avariable in worldwide, have become femininity, hight quality and nice design for women. So Christian Louboutin boots are very popular. Getting a pair of Christian Louboutin that is dream of every girl.
Christian Louboutin Shoes have peep toe, signature red leather sole will help you show your taste. They are sexy, gorgeous and fun. The designers ' national spirit, is " make shoes that are like jewels" and each unique design demonstrates an unparalleled degree of quality and a born sultriness. Christian Louboutin Shoes desined with leather lining,round toe, concealed platform,hidden heel and signature red sole,which will bring much confidence and comfort and make you more beautiful.
However, if you purchase online, you will find a couple of Christian Louboutin begins at a fraction of the price of the originally price, you should be aware that buy Christian Louboutin online can save your money. One began the discount Christian Louboutin and is payment have been offered in goodugg.net store.
Look at the Christian Louboutin! What a slender and graceful line! Ladies are crazy about it. If you are engaged in the vogue or you want keep the same pace with the trend. Christian Louboutin Sale could be your best choice.

Young louie vuitton first

Submitted by GGG on Thu, 01/21/2010 - 3:23pm.

Young louie vuitton first came to Paris in 1837, in the year in which stage and mail coach travel was to be transformed by the opening of the first railway line in France, from Paris to St. Germain, to passenger traffic. And after your first purchase, we would appreciate you dropping us a line to tell us how impressed you are with our louis vuitton outlets and replica wallets. lv has affirmed itself over the past decades as a world leading brand name in the fashion industry.