PacBio Names Jason Kang as Vice President and General Manager for Asia-Pacific Region

Rhea-AI Summary

PacBio (NASDAQ:PACB) appoints Jason Kang as Vice President and General Manager for the Asia-Pacific region, aiming to strengthen its commercial presence in the region. With over 25 years in the genomics industry, Kang's experience includes leadership roles at Illumina and founding Helixrus. The company's HiFi sequencing technology is seeing increased demand, and Kang's leadership is expected to facilitate further expansion. A recent keynote highlighted the opportunity for PacBio's technology in Asia-Pacific, emphasizing the growing market potential.

Positive

• Appointment of Jason Kang is expected to enhance PacBio's commercial strategies in Asia-Pacific.
• Kang brings over 25 years of experience in the genomics industry, which could lead to more effective team leadership and market penetration.
• Growing demand for HiFi sequencing technology in Asia-Pacific aligns with Kang's leadership strengths.

Negative

• None.

Strategic hire will expand Company’s commercial presence in key geography

MENLO PARK, Calif., Nov. 30, 2021 (GLOBE NEWSWIRE) -- PacBio (NASDAQ:PACB), a leading provider of high-quality, long-read sequencing platforms, welcomes Jason Kang as Vice President and General Manager for the company’s Asia-Pacific region. Jason will be responsible for leading and developing PacBio’s commercial team in Asia-Pacific as the company continues to expand its reach in the region to support rapidly growing demand for HiFi sequencing.

Kang brings more than 25 years of global experience in the genomics industry to PacBio, having led Illumina’s Korean commercial operations for six years before launching Helixrus, which specializes in distributing large scale populational genomics and clinical sequencing software solutions in single-cell RNA and rare diseases. Prior to Helixrus and Illumina, Kang held various sales, marketing, and product development leadership roles at Life Technologies, Macrogen, and Spectral Genomics.

“We’re delighted Jason is joining us in our mission to enable the promise of genomics to better human health,” said Peter Fromen, Chief Commercial Officer at PacBio. “Jason is a proven leader having built numerous successful teams in the industry and brings a customer-centric obsession to his work that is paramount in our mission and values. Under Jason’s leadership, we’re very excited to continue our expansion across the Asia-Pacific region.”

“Coming on board with this team is a wonderful opportunity to develop a new era of genomics with researchers in this region,” said Jason Kang, Vice President and General Manager of Asia-Pacific at PacBio. “I am truly excited to expand our technology footprint and expand our business in Asia-Pacific.”

The global reach of PacBio’s industry-leading long-read SMRT HiFi genome sequencing technology was showcased in the company’s recent Virtual User Meeting, which ran in Asia-Pacific, European and United States time zones. The keynote address by Professor Masahito Kawazu of Japan’s National Cancer Center Research Institute, discussing full-length transcriptome analysis of breast cancer, showcased the growing opportunities for PacBio technology in the Asia-Pacific region.

About Pacific Biosciences

Pacific Biosciences of California, Inc. (NASDAQ: PACB) is empowering life scientists with highly accurate long-read sequencing. The company’s innovative instruments are based on Single Molecule, Real-Time (SMRT^®) Sequencing technology, which delivers a comprehensive view of genomes, transcriptomes, and epigenomes, enabling access to the full spectrum of genetic variation in any organism. Cited in thousands of peer-reviewed publications, PacBio^® sequencing systems are in use by scientists around the world to drive discovery in human biomedical research, plant and animal sciences, and microbiology. For more information, please visit www.pacb.com and follow @PacBio.

PacBio products are provided for Research Use Only. Not for use in diagnostic procedures.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995, including statements relating to anticipated commercial and geographic expansion in APAC; possible partnerships with researchers in the region; potential increases in customer demand; and other future events. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, changes in circumstances and other factors that are, in some cases, beyond PacBio’s control and could cause actual results to differ materially from the information expressed or implied by forward-looking statements made in this press release. Factors that could materially affect actual results can be found in PacBio’s most recent filings with the Securities and Exchange Commission, including PacBio’s most recent reports on Forms 8-K, 10-K, and 10-Q, and include those listed under the caption “Risk Factors.” PacBio undertakes no obligation to revise or update information in this press release to reflect events or circumstances in the future, even if new information becomes available.

Contacts

Investors:
Todd Friedman
650.521.8450
ir@pacb.com

Media:
Kathy Lynch
pr@pacb.com

FAQ

Who is Jason Kang and what is his role at PacBio?

Jason Kang is the newly appointed Vice President and General Manager for the Asia-Pacific region at PacBio, responsible for expanding the company’s commercial presence in that area.

What is the significance of PacBio's expansion in Asia-Pacific?

The expansion in Asia-Pacific is significant due to the rapidly growing demand for HiFi sequencing technology, allowing PacBio to capitalize on emerging market opportunities.

What technology does PacBio provide and how is it relevant to the press release?

PacBio provides high-quality long-read sequencing technology, specifically HiFi sequencing, which is gaining traction in Asia-Pacific, as highlighted by recent events in the press release.

What experience does Jason Kang bring to his new role at PacBio?

Jason Kang has over 25 years of experience in the genomics industry, including leadership positions at Illumina and founding Helixrus, which positions him well to lead PacBio's commercial efforts.

What recent event showcased PacBio's technology in Asia-Pacific?

A recent Virtual User Meeting featured a keynote address discussing the applications of PacBio's technology in breast cancer research, underlining the opportunities in the Asia-Pacific region.