It’s an exciting time in the sequencing industry. After years of dominance, Illumina started facing competition on all fronts in 2022. Element Biosciences and Singular Genomics launched their desktop sequencers. The US market opened up for MGI (via the Complete Genomics brand that never quite went away). And Ultima Genomics announced the early access program...
Back when Illumina first announced they were going to acquire GRAIL, the general feeling in the M&A field was that this wouldn’t trigger any antitrust issues. I was asked if I could think of any difficulties. I didn’t claim back then that I was an antitrust expert (and still don’t), but I did wonder if...
I like to procrastinate to the very last second, so here’s the initial entry of a review of my 2020 predictions and what I see for 2021. I’ll start off with Illumina because they’ll be presenting today at JPMorgan Health. I'll try to get to the others as quickly as I can. As far as...
The latest issue of GEN summarizes the VC activity in the biotech space for 2017 so far. There were 205 deals through the end of Q2 in which a total of $4.697B was raised. Three genomics companies alone accounted for $1.335B of that total: GRAIL = $900M (Q1) Guardant Health = $360M (Q2) WuXi NextCode...