Illumina and Pillar Biosciences partner to improve access to personalized cancer treatment options

Rhea-AI Summary

Illumina Inc. (NASDAQ: ILMN) partners with Pillar Biosciences Inc. to globally offer Pillar's suite of oncology assays as part of Illumina's portfolio of oncology products. The partnership aims to enhance the efficiency, accuracy, and cost-effectiveness of oncology testing through advanced sequencing techniques, improving patient access to personalized cancer treatment options.

Positive

• Strategic partnership to offer complementary next-generation sequencing solutions globally
• Enhanced efficiency and accuracy in oncology testing
• Improving patient access to personalized cancer treatment options

Negative

• None.

SAN DIEGO, July 25, 2023 /PRNewswire/ -- Illumina Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, and Pillar Biosciences Inc., the pioneers of Decision Medicine™, today announced a strategic partnership to make Pillar's suite of oncology assays commercially available globally as part of the Illumina portfolio of oncology products. The agreement will result in an unprecedented offering of complementary next-generation sequencing solutions that will enhance the efficiency, accuracy, and cost-effectiveness of oncology testing through advanced sequencing techniques, improving patient access to personalized cancer treatment options.

"We are proud to partner with Pillar to provide products that will improve care for patients with advanced and high-risk cancer," said Phil Febbo, chief medical officer of Illumina. "By leveraging Pillar's targeted sequencing technology alongside Illumina's state-of-the-art sequencing and bioinformatics solutions, we will enable rapid and focused genomic profiling of tumors, which is essential to facilitate personalized therapy in healthcare systems across the globe."

Pillar's targeted assays help oncologists and researchers identify mutations that drive tumor growth. This knowledge is pivotal in making informed decisions about cancer treatment. By gaining an understanding of the genomic landscape of the tumor, clinicians can tailor treatment options such as targeted therapies and immunotherapies to suit each patient's needs. This personalized approach has the potential to result in more effective and precise interventions.

"Pillar Biosciences is committed to enabling global access to our high-value genomic profiling assays to empower better-informed precision patient treatment," said Randy Pritchard, CEO of Pillar Biosciences. "This agreement will facilitate seamless integration between Pillar Biosciences assays and Illumina sequencers, delivering a streamlined workflow and complementary product offerings and leading to faster turnaround times for patients."

Pillar's suite of oncology assays can be used on any of Illumina's sequencers. Assay offering will depend on the region. Commercial availability of Pillar's assays through Illumina is set to begin this month.

Use of forward-looking statements
This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors to which Illumina's business is subject that could cause actual results to differ materially from those in any forward-looking statements are challenges inherent in developing, manufacturing, and launching new products and services, and Illumina's ability to successfully partner with other companies and organizations to develop new products, expand markets, and grow its business, together with other factors detailed in Illumina's filings with the Securities and Exchange Commission, including its most recent filings on Forms 10-K and 10-Q, or in information disclosed in public conference calls, the date and time of which are released beforehand. Illumina undertakes no obligation, and does not intend, to update these forward-looking statements, to review or confirm analysts' expectations, or to provide interim reports or updates.

About Pillar Biosciences
Pillar Biosciences is the leader in Decision Medicine™, which is the utilization of highly accurate and sensitive next-generation sequencing (NGS) testing technology to generate data that optimizes the selection of precision therapies for cancer patients, from tumor profiling to therapy selection and recurrence monitoring. Pillar's NGS testing solutions, including the FDA-approved oncoReveal™ CDx pan-cancer solid tumor IVD, are powered by its proprietary SLIMamp® and PiVAT® technologies, and decentralize the testing process, reducing diagnostic costs and improving access and efficiency of complex NGS testing for clinicians, prescribers, and patients globally. The company has more than 20 NGS testing kits available in IVD or RUO formats, and several others in various stages of development, including a comprehensive liquid biopsy assay and tumor-informed MRD assay. Pillar Biosciences has operations in Natick, MA and Shanghai, China. For more information visit pillarbiosci.com and connect with us on LinkedIn.

About Illumina
Illumina is improving human health by unlocking the power of the genome. In 2023 we celebrate 25 years of innovation, which has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit illumina.com and connect with us on Twitter, Facebook, LinkedIn, Instagram, TikTok, and YouTube.    

Contacts 

Investors:
Salli Schwartz
858-291-6421
IR@illumina.com

Media:
David McAlpine
347-327-1336
PR@illumina.com

View original content:https://www.prnewswire.com/news-releases/illumina-and-pillar-biosciences-partner-to-improve-access-to-personalized-cancer-treatment-options-301884595.html

SOURCE Illumina, Inc.

FAQ

What is the partnership between Illumina Inc. and Pillar Biosciences Inc. about?

The partnership aims to make Pillar's suite of oncology assays commercially available globally as part of Illumina's portfolio of oncology products, enhancing the efficiency, accuracy, and cost-effectiveness of oncology testing.

How will the partnership improve patient care?

The partnership will improve patient access to personalized cancer treatment options by leveraging Pillar's targeted sequencing technology alongside Illumina's state-of-the-art sequencing and bioinformatics solutions.

What are the benefits of Pillar's targeted assays?

Pillar's targeted assays help oncologists and researchers identify mutations that drive tumor growth, facilitating personalized therapy in healthcare systems across the globe.