Pacific Biosciences Wins Financing | Chemical & Engineering News
Volume 86 Issue 29 | p. 24 | Concentrates
Issue Date: July 21, 2008

Pacific Biosciences Wins Financing

Department: Business
News Channels: Environmental SCENE

Pacific Biosciences has snagged $100 million in financing from a group of firms that includes the investment arm of semiconductor company Intel. Pacific anticipates the funding will enable it to bring its single-molecule, real-time DNA sequencing platform to market by 2010. It hopes to enable a human genome to be sequenced for $1,000, a feat the firm believes would revolutionize health care.

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