PacBio Completes Sale of Short-Read Sequencing Assets
Pacific Biosciences of California, Inc. (PACB)
Last pacific biosciences of california, inc. earnings: 2/6 04:02 pm
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Source: GlobeNewswire
MENLO PARK, Calif., Feb. 02, 2026 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, today announced the completion of the sale of select intellectual property and other assets related to PacBio’s short-read DNA sequencing technology and related clustering, sequencing reagent, and detection technologies to Illumina, Inc. PacBio received $48.1 million in net cash proceeds from the transaction. Under the terms of the agreement, Illumina assumed certain liabilities and granted a non-exclusive license certain intellectual property back to PacBio. “Last year, in response to challenging macroeconomic conditions, we made the strategic decision to pause development of our high-throughput short-read sequencing platform so that we can take full advantage of our innovations in the long-read sequencing market,” said Christian Henry, President and Chief Executive Officer. “This transaction further sharpens our focus and meaning
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News
- PacBio Completes Sale of Short-Read Sequencing Assets [Yahoo! Finance]Yahoo! Finance
- Here's Why Pacific Biosciences of California (PACB) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
- PacBio: The Consumables Flywheel Is Turning. The Chart Wants Confirmation [Seeking Alpha]Seeking Alpha
- PacBio to Report Fourth Quarter and Full Year 2025 Financial Results on February 12, 2026 [Yahoo! Finance]Yahoo! Finance
- PacBio to Report Fourth Quarter and Full Year 2025 Financial Results on February 12, 2026GlobeNewswire
PACB
Earnings
- 11/5/25 - Beat
PACB
Sec Filings
- 2/3/26 - Form 8-K
- 2/3/26 - Form SCHEDULE
- 2/2/26 - Form 8-K
- PACB's page on the SEC website