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Recently exposed flaws in Illumina, Inc. (NASDAQ:ILMN)’s gene sequencing technology, which jeopardize past medical achievements and delay progress, sent the company’s stock plunging 2 percent Friday.
Cross-contamination has allegedly skewed the results of numerous sequencing endeavors, forcing many project managers to backtrack, reexamine fundamental processes, retract papers, discard experiments and perform expensive, time-consuming repeats.
Individual labs worldwide discovered data errors at staggered intervals, but awareness spread and a cohesive voice of concern rose early April when reports circulated on Twitter, Inc. (NYSE:TWTR). Illumina shortly issued a response.
Re:Index swap. We're aware & working on it. Data indicates it occurs at low rates,and impact may be mitigated w/other index approaches (1/2)
— Illumina (@illumina) April 10, 2017
Correcting this is a high priority and we are evaluating fixes. Pls keep feedback coming via DM, your Illumina team or email (2/2)
— Illumina (@illumina) April 10, 2017
The company then published a report to its website acknowledging its long-held awareness of the issue and methods to minimize its effect.
The Issue Is Significant
The scope of concern is significant. According to Wired, Illumina’s products sequence 90 percent of the sector’s genetic data, and the particular error could have corrupted two years' worth of studies.
The machines in question are the HiSeq 4000, which sequences hundreds of samples concurrently, and ExAmp, which magnifies faint genetic signals to enable sequencing of very small samples. Gene research teams, such as that of the University of California, use the HiSeq 4000 for about 90 percent of its sequencing processes, while clinical researchers sector-wide employ ExAmp and related machines for high-precision work, such as liquid cancer biopsies.
The stock recovered about 2 percent Monday to a rate of $179.31 and was trading around $179.13 at the time of publication.
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A Roadmap To How An ACA Repeal Bill Could Hit Trump's Desk By Memorial Day____________Image Credit: By Jon Callas from San Jose, USA (Illumina Gene Sequencing machine) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia CommonsCrypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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