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Stock impact report

Illumina Acquires Edico Genome to Accelerate Genomic Data Analysis

Illumina, Inc. (ILMN) 
Last illumina, inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: Business Wire
Edico’s DRAGEN® Bio-IT Platform Delivers Faster, Streamlined Output for Next-Generation Sequencing SAN DIEGO--(BUSINESS WIRE)-- Illumina, Inc. (NASDAQ: ILMN) today announced that it acquired Edico Genome, the leading provider of data analysis acceleration solutions for next-generation sequencing (NGS). Edico Genome’s DRAGEN® Bio-IT Platform (DRAGEN) uses field programmable gate array (FPGA) technology in conjunction with proprietary software algorithms to reduce both data footprint and time to results. DRAGEN can be run on premise, in the cloud, or in a hybrid mode, and is flexible and compatible for use with multiple cloud storage solutions and analysis pipelines. Edico Genome has built a strong base of NGS customers who have incorporated DRAGEN as a standard part of their sequencing workflow. “Our acquisition of Edico Genome is a big step toward realizing the vision of reducin Show less Read more
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