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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
Illumina hosts symposium on comprehensive genomic profiling (CGP) and rare biomarkers at the 35th European Congress of Pathology. Dr. Nicole Pfarr discusses the importance of CGP in cancer care. Pfarr's research on homologous recombination deficiency (HRD) testing shows potential for tailoring treatment strategies. German Network for Personalized Medicine to implement exome and whole-genome sequencing. Insights from ECP highlight the future of personalized oncology.
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UK STEM students get hands-on lessons in biodiversity and genomics
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Illumina appoints Jacob Thaysen as CEO, effective September 25, 2023. Thaysen has a strong background in genomics and technology. He drove revenue and operating profit at Agilent's Life Sciences and Applied Markets Group. Thaysen will join Illumina's Board of Directors. Thaysen's experience and leadership could drive long-term shareholder value.
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Illumina executives to speak at Morgan Stanley conference on September 11, 2023.
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Illumina Inc. opens new office and Solutions Center in Bengaluru, India to expand presence in the genomics market. The company aims to collaborate with Premas Life Sciences to grow the market and advance healthcare in South Asia. Illumina has supported TB surveillance and initiatives to increase access to sequencing capability in India. The Solutions Center features a fully equipped laboratory and will provide training and education to increase local technical expertise.
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Illumina, Inc. (ILMN) announced its vice president of investor relations will speak at the UBS MedTech, Tools and Genomics Summit 2023 on August 17, 2023. The webcast can be accessed through the Investor Info section of Illumina's website at investor.illumina.com.
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Illumina appoints Dr. Steven Barnard as its new Chief Technology Officer, effective immediately. Dr. Barnard has been with Illumina for 25 years and has made significant contributions to the company's R&D organization. He brings extensive institutional knowledge and will continue to improve R&D productivity and drive shareholder value.
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Illumina reports Q2 2023 revenue of $1.18 billion, up 1% YoY. Shipped 109 NovaSeq X instruments. Expects 1% revenue growth for FY 2023. GAAP diluted loss per share of $(1.48) for Q2 2023. Non-GAAP diluted earnings per share of $0.32. Increasing customer support for NovaSeq X.
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Guardant Health, Inc. (GH) announces resolution of pending litigation and extension of commercial partnership with Illumina Inc. (ILMN). The three-year agreement includes dismissal of pending litigation, collaboration on cancer research, and a new long-term purchase and supply commitment.
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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