How Jay Flatley Created A Market For DNA Sequencing From Scratch

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How Jay Flatley Created A Market For DNA Sequencing From Scratch

A brief feature from Business Insider on Illumina and Jay Flatley – an excerpt:

“Illumina might not necessarily be a company with a household name, but it has an immense presence within the life sciences industry. And Jay Flatley, the company’s outgoing CEO, is the man who made it all happen. Flatley essentially created a market for genetic testing from scratch. How? He made it cheap. Flatley and his team brought the price point of sequencing an entire human genome down to just $1,000, down from the whopping $2.7 billion required to sequence the first human genome in 2003. Knowing every single bit of information that’s encoded in your DNA can be a powerful tool, and bringing down the cost makes that information accessible to way more people. The San Diego, California-based company now has a market capitalization of $22 billion.”

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June 20th, 2016|
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