Welcome to our dedicated page for Pacific Biosc news (Ticker: PACB), a resource for investors and traders seeking the latest updates and insights on Pacific Biosc stock.
Pacific Biosciences of California (NASDAQ: PACB) delivers innovative genomic sequencing solutions through its advanced HiFi and SBB® technologies. This news hub provides investors and researchers with comprehensive access to corporate developments and scientific advancements driving the future of precision medicine.
Track official press releases, financial disclosures, and operational updates from this biotechnology leader. Our curated collection includes earnings reports, partnership announcements, regulatory milestones, and peer-reviewed research findings utilizing PACB sequencing platforms.
Key updates cover product launches, clinical study results, patent filings, and strategic collaborations across academic institutions and healthcare organizations. Stay informed about developments in long-read sequencing applications for oncology, rare disease research, and microbial genomics.
Bookmark this page for streamlined access to PACB's latest progress in overcoming complex genomic challenges. Check regularly for verified updates on technological innovations and market expansion efforts in the dynamic life sciences sector.
PacBio (NASDAQ: PACB) announced that Novogene is using its Revio long-read sequencing system to expand capabilities at its new lab in Munich, Germany. The Revio system's increased accuracy and throughput are designed to enable Novogene's customers to scale genomic research across rare diseases, cancer, microbes, and agriculture cost-effectively.
Novogene anticipates high demand for Revio from customers in rare disease and cancer research, as well as in microbial and agrigenomics fields. The system's ability to uncover complex repetitive regions, structural variants, and novel isoforms makes it valuable for advanced genomic studies. Novogene plans to integrate more automation into Revio's workflows to increase efficiency and accessibility for a wider range of customers.
PacBio (NASDAQ: PACB) has announced its upcoming second quarter 2024 financial results conference call, scheduled for Wednesday, August 7, 2024, at 4:30 pm Eastern Time (1:30 pm Pacific Time). Investors and interested parties can access the webcast through PacBio's investor relations website. For those preferring a dial-in option, toll-free and international numbers are provided. Participants are advised to join the call ten minutes before the start time. This event will provide insights into PacBio's financial performance and potentially discuss key developments in the genomics and life sciences sector.
PacBio (NASDAQ: PACB) and the international Consortium for Long-Read Sequencing (CoLoRS) have launched the first publicly available HiFi long-read variant frequency database. This database, globally representative and free, addresses critical gaps in rare disease research by providing access to genetic variants undetectable through short-read sequencing.
Notably, long-read sequencing detects 15,000 more structural variants and 300,000 more small variants than short-read methods. The CoLoRS database, incorporating data from nearly 1,000 long-read genomes, aids in understanding complex genetic variations and their disease implications. This initiative supports significant advancements in oncology, rare diseases, and genetic disorders research.
Ambry Genetics and PacBio (PACB) have announced a collaboration with the University of California, Irvine (UCI) and the GREGoR Consortium to support the Pediatric Mendelian Genomics Research Center program. This initiative aims to sequence up to 7,000 human genomes over three years, focusing on rare diseases. The research will leverage long-read sequencing technology to uncover new genetic variants and enhance understanding of disease biology. The collaborative effort is expected to provide insights that could revolutionize diagnostic capabilities for rare diseases.
PacBio announced its financial results for the first quarter of 2024, reporting a revenue of $38.8 million, a 16% increase in gross profit compared to the prior year, and a net loss of $78.2 million. The company highlighted new product launches and cost-cutting measures to improve revenue and reduce expenses. Cash, cash equivalents, and investments totaled $561.9 million at the end of March 2024.
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