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PacBio Stock Drops After Singapore Collaboration for HiFi Sequencing
ZACKS· 2024-09-12 16:07
Pacific Biosciences of California, Inc. (PACB) or PacBio recently announced a collaboration with HiFi Solves Sub-Fertility Consortium, led by KK Women's and Children's Hospital in Singapore. The consortium will use PACB's HiFi long-read sequencing to pioneer advancements in diagnosing and treating subfertility and recurrent pregnancy loss (RPL). The consortium includes experts from five leading centers across the AsiaPacific region and leverages DNAstack's federated data platform to ensure secure, global co ...
PacBio's Stock Up on Munster Deal for Male Infertility Research
ZACKS· 2024-09-11 16:30
Pacific Biosciences of California, Inc. (PACB) has announced a collaboration with the University Hospital of Munster to use its Revio HiFi sequencing system in advancing research on male infertility and rare diseases. Munster is pioneering long-read whole genome sequencing in Germany, integrating it into research and diagnostics. This initiative will explore complex genetic issues, including the Y chromosome's role in male infertility, and support Germany's GenomeDE Modellvorhaben project. The results will ...
PacBio Announces the HiFi Solves Sub-fertility Consortium in Asia Pacific
GlobeNewswire News Room· 2024-09-11 13:05
SINGAPORE, Sept. 11, 2024 (GLOBE NEWSWIRE) -- The HiFi Solves Sub-fertility Consortium, an innovative collaboration involving five leading centers across the Asia-Pacific region, announces work aimed at redefining the landscape of fertility research. Utilizing PacBio HiFi long-read sequencing, the consortium, led by KK Women's and Children's Hospital (KKH) in Singapore, is pioneering the use of PacBio HiFi long-read sequencing to enhance the diagnosis and treatment of subfertility and recurrent miscarriages ...
Revio to Power Research in Male Infertility and Rare Disease at Münster University Hospital
GlobeNewswire News Room· 2024-09-04 13:05
MENLO PARK, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, today announced a collaboration with the University Hospital of Münster, to use long-read whole genome sequencing to significantly advance male infertility and rare disease research. By deploying PacBio's Revio HiFi sequencing system, researchers at Münster will obtain highly accurate genomic data essential for addressing complex genetic issues associated w ...
Pacific Biosciences: Cash Rich, Revenue Poor, Still A 'Sell'
Seeking Alpha· 2024-08-21 12:14
Mongkol Onnuan Pacific Biosciences: Sustained Weakness in Genomic Sequencing Market Pacific Biosciences of California's (NASDAQ:PACB) stock is down 20% since my "sell" recommendation in June following its Q1 earnings report. I expressed concerns regarding Pacific's "high SG&A costs (relative to revenues), declining product revenues, and low gross margins" amidst a competitive genomic sequencing market. The company reported Q2 earnings on August 7. Unfortunately, the results continue to highlight the signifi ...
Pacific Biosciences: A Speculative Play On Long-Read Genomics Sequencing
Seeking Alpha· 2024-08-21 01:51
alanphillips/E+ via Getty Images The performance of Pacific Biosciences (NASDAQ:PACB) ("PacBio") is all too familiar to readers who've followed this stock for a long time, as once again the stock is trading below $2 on fears that the company simply won't be able to stay in the game long enough to benefit from future growth in long-read sequencing (as well as skepticism that long-read sequencing will grow enough to support a $1B+ revenue base). Down more than 80% since my last update, underperforming other s ...
Pacific Biosciences (PACB) Upgraded to Buy: Here's Why
ZACKS· 2024-08-12 17:01
Pacific Biosciences of California (PACB) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following ...
Pacific Biosciences of California(PACB) - 2024 Q2 - Quarterly Report
2024-08-09 00:46
Table of Contents UNITED STATES (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 | --- | --- | |------------------------|----------------------------------------------------------------------------------------------------------------------------------| | Washington, D.C. 20549 | SECURITIES AND EXCHANGE COMMISSION _____________________________________________________________________________________________ | | Fo ...
PacBio (PACB) Q2 Earnings Beat Estimates, Revenues Down Y/Y
ZACKS· 2024-08-08 17:11
Pacific Biosciences of California, Inc. (PACB) , popularly known as PacBio, delivered an adjusted loss per share of 20 cents in second-quarter 2024, narrower than the year-ago quarter's loss of 26 cents per share. The adjusted loss per share beat the Zacks Consensus Estimate by 16.7%. The company's GAAP loss per share was 64 cents in the quarter, wider than the year-ago period's loss of 28 cents. Revenues in Detail PacBio registered revenues of $36 million in the second quarter, down 24.3% year over year. T ...
Pacific Biosciences of California (PACB) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2024-08-08 00:16
Pacific Biosciences of California (PACB) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this maker of genetic analysis technology would post a loss of $0.26 per share when it actually produced a loss of $0.26, delivering no surprise. Over the last ...