Helicos BioSciences Corporation (HLCS) Up Big Today on Breakthrough

By Eric Mancini
Benzinga Contributor
September 24, 2009 3:21 PM

Symbols: HLCS

Tags: HLCS

Posted in: News, Small Cap Analysis, Intraday Update, Markets, Movers, Tech, Trading Ideas, Press Releases

Helicos BioSciences Corporation (NASDAQ: HLCS) is up close to 13% today and trading at $2.75/share after the company announced a breakthrough. Volume is about 5X normal.

The company announced this morning that they have for the first time ever, accomplished the direct sequencing of single molecules of RNA. This according to HBS, "enables a new set of methods and applications that were previously impossible, and that Helicos’ single-molecule sequencing system is truly unique in the genetic analysis market"

The stock is up 355% year to date.

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