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Illumina Inc - ILMN STOCK NEWS

Welcome to our dedicated page for Illumina news (Ticker: ILMN), a resource for investors and traders seeking the latest updates and insights on Illumina stock.

Overview of Illumina Inc.

Illumina Inc. (NASDAQ: ILMN) is a global leader in DNA sequencing and array-based technologies, revolutionizing the field of genomics through innovative tools and solutions. The company’s core mission is to unlock the power of the genome to improve human health, enabling transformative advancements in personalized medicine, disease research, drug discovery, and agricultural innovation. By providing cutting-edge sequencing instruments, consumables, and bioinformatics solutions, Illumina empowers researchers, clinicians, and organizations across diverse sectors to decode genetic information with unprecedented precision and scale.

Core Business Areas

Illumina’s business model is centered around the development and commercialization of high-throughput sequencing systems, consumables, and services that cater to a wide range of applications. The company’s offerings include:

  • Sequencing Instruments: Illumina’s flagship platforms, such as the NovaSeq™ series, deliver scalable, high-throughput sequencing capabilities that support whole-genome sequencing, transcriptomics, and multiomics.
  • Consumables: Proprietary reagents, flow cells, and sample preparation kits designed for seamless integration with Illumina’s sequencing systems.
  • Bioinformatics Solutions: Advanced software tools like DRAGEN™ enable rapid, accurate analysis of genomic data, streamlining workflows from raw data to actionable insights.
  • Array-Based Technologies: Microarrays for targeted genetic screening, serving applications in consumer genomics, agriculture, and clinical diagnostics.

Industry Applications

Illumina’s technologies are widely adopted across various industries, including:

  • Life Sciences Research: Supporting basic and applied research in genomics, transcriptomics, and epigenetics.
  • Oncology: Enabling comprehensive genomic profiling, biomarker discovery, and precision oncology research.
  • Reproductive Health: Advancing non-invasive prenatal testing (NIPT) and carrier screening.
  • Agriculture: Facilitating crop improvement and livestock breeding through genomic insights.
  • Population Genomics: Partnering with national initiatives to sequence diverse populations and drive precision medicine.

Competitive Position and Innovation

Illumina maintains its leadership in the genomics space through continuous innovation and a customer-centric approach. Its proprietary technologies, such as XLEAP-SBS™ chemistry and DRAGEN bioinformatics, set new benchmarks for accuracy, speed, and scalability in sequencing. The company’s commitment to end-to-end solutions, including sample preparation, sequencing, and data analysis, ensures a seamless user experience and accelerates scientific discovery.

Market Significance

Illumina’s impact extends beyond technology; it plays a pivotal role in advancing global health initiatives. From supporting population genomics programs to enabling breakthroughs in cancer research and rare disease diagnostics, Illumina’s contributions are shaping the future of healthcare and biotechnology. Its collaborations with academic institutions, clinical labs, and industry leaders further solidify its position as a trusted partner in the genomics ecosystem.

Conclusion

With its unwavering focus on innovation, scalability, and customer needs, Illumina continues to lead the way in genomics, empowering researchers and clinicians to harness the full potential of genetic information. Its comprehensive portfolio of products and services positions it as an indispensable player in the pursuit of improved health outcomes and scientific advancement.

Rhea-AI Summary
Veracyte, Inc. (Nasdaq: VCYT) announces multi-year agreement with Illumina, Inc. (Nasdaq: ILMN) to develop high-performing molecular tests for decentralized in vitro diagnostic (IVD) tests on Illumina’s NextSeq 550Dx NGS instrument, part of Veracyte’s expanded IVD approach. The first tests to be developed are Prosigna Breast Cancer Assay and Percepta Nasal Swab test, aimed at improving diagnostic and treatment decisions for breast cancer and lung nodules. Illumina's NextSeq 550Dx instrument offers validated mid-throughput platform with regulatory approvals in over 60 countries, broadening market access and enabling faster turnaround times for patients and physicians.
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Environmental DNA collection kits developed by the molecular surveillance team at New Zealand's Cawthron Institute were used by a sailor during a solo race, showcasing their potential to provide near-real-time biological data about marine communities and support environmental sustainability efforts.
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Aegis Sciences Corporation, a US lab, has expanded its surveillance efforts to respond to emerging pathogens and improve public health. Originally focused on anti-doping testing and genetic testing for cancer clinical trials, Aegis rapidly scaled up its COVID diagnostic testing capacity during the pandemic. With the capability to conduct 130,000 PCR tests per day, Aegis helped the CDC monitor changes in SARS-CoV-2 by sequencing thousands of samples per week using the Illumina COVIDSeq Test.
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Illumina Inc. has announced the TruSight Oncology 500 ctDNA v2 (TSO 500 ctDNA v2), a new generation of its distributed liquid biopsy assay for genomic profiling. The TSO 500 ctDNA v2 offers faster turnaround time, greater analytical sensitivity, and a more streamlined workflow. Key improvements include a sample-to-answer turnaround time of less than four days, higher sensitivity with lower cell-free DNA input requirements, and automation capabilities in 2024. The assay aims to enable noninvasive comprehensive genomic profiling of circulating tumor DNA to complement tissue-based testing.
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The Mining Microbiome Analytics Platform is finding tiny solutions to some of our biggest environmental challenges. The mining industry is on the cusp of a staggering increase in demand for materials critical for low-carbon and renewable energy technology. Teck has built 'saturated rock fills' treated with special bacteria to reduce selenium levels in water. Microbes can also make mining itself more environmentally friendly. The Canadian government's Digital Supercluster initiative has formed the cross-industry Mining Microbiome Analytics Platform (M-MAP) to discover and implement these organisms.
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Illumina included on 2023 list of 100 Best Corporate Citizens
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Illumina launches microsite to educate healthcare professionals and promote whole-genome sequencing for genetic diagnosis
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HCA Healthcare and GRAIL collaborate to advance comprehensive cancer care through early detection
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Illumina ordered by the European Commission to divest GRAIL
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Emma Johnson wins Illumina's Polygenic Risk Scores Research Grant
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FAQ

What is the current stock price of Illumina (ILMN)?

The current stock price of Illumina (ILMN) is $84.2 as of March 3, 2025.

What is the market cap of Illumina (ILMN)?

The market cap of Illumina (ILMN) is approximately 13.9B.

What does Illumina Inc. specialize in?

Illumina specializes in DNA sequencing and array-based technologies, providing tools and services for genetic analysis across research, clinical, and applied markets.

How does Illumina generate revenue?

Illumina generates revenue through the sale of sequencing instruments, consumables, and bioinformatics solutions, as well as providing related services.

What industries use Illumina’s technologies?

Illumina’s technologies are used in life sciences research, oncology, reproductive health, agriculture, and population genomics, among other fields.

What makes Illumina’s technology unique?

Illumina’s proprietary technologies, such as XLEAP-SBS chemistry and DRAGEN bioinformatics, offer unmatched accuracy, scalability, and efficiency in genomic sequencing and analysis.

How does Illumina support population genomics programs?

Illumina collaborates with national initiatives to sequence diverse populations, providing the tools and expertise needed to advance precision medicine and public health.

What are the key applications of Illumina’s sequencing platforms?

Key applications include whole-genome sequencing, transcriptomics, multiomics, biomarker discovery, and targeted genetic screening.

What role does Illumina play in precision medicine?

Illumina’s technologies enable the identification of genetic biomarkers and actionable mutations, supporting personalized treatment strategies in precision medicine.

What is Illumina’s approach to innovation?

Illumina focuses on developing end-to-end solutions that integrate sample preparation, sequencing, and data analysis, ensuring seamless workflows and accelerating discovery.
Illumina Inc

Nasdaq:ILMN

ILMN Rankings

ILMN Stock Data

13.91B
157.59M
0.27%
107.22%
3.76%
Diagnostics & Research
Laboratory Analytical Instruments
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United States
SAN DIEGO