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PacBio Launches New Gene Sequencing Systems – Pacific – Press Release

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  • Pacific BioSciences of California Inc PACB announced the launch of the Revio Long-Read Sequencing System.
  • The company said its new Revio Long Read sequencing system with a List price of $779,000provides a 15x increase in throughput and enables customers to sequence up to 1,300 whole human genomes per year for less than $1,000 per genome.
  • PacBio said its HiFi technology could be used for large studies in human genetics, cancer research, agricultural genomics and more.
  • Revio will deliver shorter run times and a 15x increase in HiFi data.
  • “By being able to see more of the genome, you can find more answers,” said Christian Henry, PacBio’s chief executive officer said Reuters.
  • The company is also entering the “short-read” sequencing market with external beta testing of its Onso system.
  • PacBio expects to begin accepting orders for Onso in Q1 2023 and expects to begin shipping the system upon completion of the system in H1 2023 external beta program.
  • Onso is expected to deliver 500 million reads per run and will offer 200- and 300-cycle kits that enable paired and single-ended reads at a list price of $259,000 per system.
  • “What you’re looking for in these diagnostic tests is a needle in a haystack. You’re trying to find this one mutated piece of DNA that could be a clue to early-stage cancer,” Henry said.
  • Price promotion: PACB shares closed up 9.44% at $8.23 on Tuesday.

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