Estonia National Biobank Selects PacBio To Sequence 10,000 Whole Genomes
Portfolio Pulse from Happy Mohamed
PacBio (NASDAQ:PACB) has been selected by the University of Tartu, host of Estonia's National Biobank, to sequence 10,000 whole human genomes using the Revio HiFi sequencing system. This initiative, funded by the European Commission and the Estonian government, aims to advance personalized medicine and contribute to the EU's 1+ Million Genomes initiative. The project will explore genetics related to various health conditions and responses to medications, with the potential to significantly impact healthcare research and innovation.
March 27, 2024 | 12:10 pm
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PacBio's selection by the University of Tartu for a significant genomics project underscores its technological edge in sequencing and potential for increased revenue through sales of its Revio systems and services.
PacBio's involvement in sequencing 10,000 whole human genomes for Estonia's National Biobank not only demonstrates the superiority and reliability of its Revio HiFi sequencing system but also sets the stage for potential revenue growth through the sale of its systems and services. The project's alignment with the EU's health innovation goals and the possibility of expanding to sequence over 200,000 samples further highlight the strategic importance of this partnership for PacBio.
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