Illumina Inc Stock Price, News & Analysis

Illumina, Inc. (NASDAQ:ILMN) announced it will release its fourth quarter and full year 2022 financial results on February 7, 2023, after market close. A conference call will follow at 2:00 PM PT to discuss these results, hosted by CEO Francis deSouza and Interim CFO Joydeep Goswami. Interested parties can access the call via Illumina's website or by phone. A replay will be available for 30 days post-event.

Illumina and Nashville Biosciences have partnered with Amgen to conduct whole-genome sequencing on approximately 35,000 DNA samples, primarily from African Americans, underrepresented in genomic research. This initiative marks a significant effort to enhance diversity in genomic data and accelerate therapeutic discovery. The project is part of a broader Alliance for Genomic Discovery, aiming to sequence a total of 250,000 samples. The sequencing will provide crucial insights for drug discovery and address health disparities, facilitating improved access to precision therapies.

GRAIL, LLC has launched an advanced research use only (RUO) targeted methylation-based technology for biopharmaceutical companies aimed at cancer signal interrogation through analyzing cell-free DNA. This solution facilitates prognosis, minimal residual disease detection, and monitoring of cancer recurrence. The technology boasts high analytical sensitivity and specificity, utilizing a blood-only liquid biopsy approach to improve the research process by circumventing issues related to tissue samples. GRAIL's RUO solution is now broadly available, having undergone successful early access trials with several partners.

Illumina has partnered with Embark Veterinary to launch a DNA test that accurately determines dogs' ages using methylation patterns. This innovation stems from the need for dog owners to understand their pets' genetic makeup for better health management. During beta testing, 40% of users took action after discovering their dog's true age, with many seeking veterinary care. The test could improve dogs' longevity and health by providing critical insights for owners, enabling informed decisions regarding care, nutrition, and lifestyle changes.

Illumina, Inc. (NASDAQ: ILMN) will present at the 41st Annual J.P. Morgan Healthcare Conference on January 9, 2023. The event will start at 3:45 PM PT and includes a Q&A session at 4:05 PM PT. Investors can access the webcast through the Investor Info section of Illumina's website, with a replay available for 30 days post-event. Illumina is a leader in DNA sequencing technology, focused on enhancing human health.

Point32Health, parent of Harvard Pilgrim Health Care, expands a pilot offering GRAIL's Galleri multi-cancer detection test to Maine members at no cost. This initiative aims to gather real-world evidence on healthcare utilization and patient outcomes, targeting high cancer rates in Maine. The Galleri test can detect signals across over 50 cancer types with a low false positive rate. Point32Health stands out as the first U.S. commercial health plan to integrate Galleri, complementing existing cancer screenings to enhance early detection.

GRAIL, LLC announced findings from its CCGA study, revealing that methylation techniques demonstrated the highest cancer signal detection sensitivity at 98% specificity, outperforming other approaches. This research supports the development of the Galleri® multi-cancer early detection blood test, capable of identifying signals from over 50 cancer types. The study involved 2,800 participants and emphasized the importance of rigorous genomic measures for cancer detection. The findings will refine the Galleri test, enhancing its capability in early cancer diagnosis.

Illumina, Inc. (NASDAQ: ILMN) will present at two upcoming investor conferences. The Evercore ISI HealthCONx Conference is on November 29, 2022, featuring a fireside chat at 8:20am PT. Additionally, Illumina will participate in the Piper Sandler 34th Annual Healthcare Conference on November 30, 2022, starting at 6:00am PT. Webcasts will be accessible through Illumina’s Investor Info website, with replays available for 30 days after each event.