PacBio Completes Sale of Short-Read Sequencing Assets [Yahoo! Finance]
Pacific Biosciences of California, Inc. (PACB)
Last pacific biosciences of california, inc. earnings: 2/6 04:02 pm
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US:NASDAQ Investor Relations:
investor.pacificbiosciences.com
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Source: Yahoo! Finance
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 meaningfully strengthens our balance sheet. It positions us to drive adoption of our differentiated long-read sequencing platform and execute on the
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PACB
News
- PacBio Completes Sale of Short-Read Sequencing AssetsGlobeNewswire
- 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