{"id":933269,"date":"2026-02-02T09:09:13","date_gmt":"2026-02-02T14:09:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pacbio-completes-sale-of-short-read-sequencing-assets\/"},"modified":"2026-02-02T09:09:13","modified_gmt":"2026-02-02T14:09:13","slug":"pacbio-completes-sale-of-short-read-sequencing-assets","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pacbio-completes-sale-of-short-read-sequencing-assets\/","title":{"rendered":"PacBio Completes Sale of Short-Read Sequencing Assets"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">MENLO PARK, Calif., Feb.  02, 2026  (GLOBE NEWSWIRE) &#8212; PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, today announced the completion of the sale of select intellectual property and other assets related to PacBio\u2019s short-read DNA sequencing technology and related clustering, sequencing reagent, and detection technologies to Illumina, Inc.<\/p>\n<p align=\"left\">PacBio received $48.1 million in net cash proceeds from the transaction. Under the terms of the agreement, Illumina assumed certain liabilities and granted a non-exclusive license certain intellectual property back to PacBio.<\/p>\n<p align=\"left\">\u201cLast year, in response to challenging macroeconomic conditions, we made the strategic decision to pause development of our high-throughput short-read sequencing platform so that we can take full advantage of our innovations in the long-read sequencing market,\u201d said Christian Henry, President and Chief Executive Officer. \u201cThis transaction further sharpens our focus and meaningfully strengthens our balance sheet. It positions us to drive adoption of our differentiated long-read sequencing platform and execute on the next phase of growth. For example, we have accelerated development of SPRQ-Nx chemistry to launch globally. SPRQ-Nx offers the most complete view of the genome at a competitive pricing structure.\u201d<\/p>\n<p align=\"left\">The transaction closed on January 30, 2026.<\/p>\n<p align=\"left\">\n        <strong>About<\/strong><br \/>\n        <strong>PacBio<\/strong>\n      <\/p>\n<p align=\"left\">PacBio (NASDAQ: PACB) is a premier life science technology company that designs, develops, and manufactures advanced sequencing solutions to help scientists and clinical researchers resolve genetically complex problems. Our products and technologies, which include our HiFi long-read sequencing, address solutions across a broad set of research applications including human germline sequencing, plant and animal sciences, infectious disease and microbiology, oncology, and other emerging applications. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ns4ee9jjYZhJScZnA3iFn_n6irfi-YDbX0hkyLc4C9xTftRYsJo_vuDS18FWA-kG4YjN344TLes4dI1pnLMMek04OrOxKB5yGxtmD3D6eS_qg9EZgfVpggCZRwLSVDu4ayKOgARt3r4aw2a86y3Ot0YklBgNlj0OXx-6HJux6jRmQNLZKWgcKn0RrM60G8ySJXEDNBwK3_GBXANMc4JacPWuvm78RbLYQDW6d9JmQ68zbStUw48cP17Xm-kn6Xuhq4McJ5fXLyoUVMKKQ5sgVHrAX2wc6iJTruSCCMb6zN6qbgj83Fu9jRNlIrUhxxcIWCK2Y7bP0uCMJUOLjQflHqqJJPvkMkjA0CjKRu9oyLDVkTHw95sYugEYM2KFnCDL\" rel=\"nofollow\" target=\"_blank\">www.pacb.com<\/a> and follow @PacBio.<\/p>\n<p align=\"left\">PacBio products are provided for Research Use Only. Not for use in diagnostic procedures.<\/p>\n<p align=\"left\">\n        <strong>Forward-Looking<\/strong><br \/>\n        <strong>Statements<\/strong>\n      <\/p>\n<p align=\"left\">This press release contains \u201cforward-looking statements\u201d within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the\u00a0U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements relating to PacBio\u2019s current expectations, estimates and assumptions about the asset sale and the potential benefits thereof, including driving the adoption of PacBio\u2019s differentiating long-read sequencing platform; and PacBio\u2019s growth plans and initiatives as well as the expected financial impact and timing of these plans and initiatives. You should not place undue reliance on forward-looking statements because they are subject to assumptions, risks, and uncertainties and could cause actual outcomes and results to differ materially from currently anticipated results, including, but not limited to, failure to realize the anticipated benefits of the asset sale; unforeseen liabilities; challenges inherent in developing, manufacturing, launching, marketing and selling new products, and achieving anticipated new sales; potential cancellation of existing instrument orders; assumptions, risks and uncertainties related to the ability to attract new customers and retain and grow sales from existing customers; risks related to PacBio\u2019s ability to successfully execute and realize the benefits of dispositions or acquisitions; the impact of new, increased or enhanced tariffs and export restrictions; rapidly changing technologies and extensive competition in genomic sequencing; unanticipated increases in costs or expenses; interruptions or delays in the supply of components or materials for, or manufacturing of, PacBio products and products under development; potential product performance and quality issues and potential delays in development timelines; the possible loss of key employees, customers, or suppliers; customers and prospective customers curtailing or suspending activities using PacBio\u2019s products; third-party claims alleging infringement of patents and proprietary rights or seeking to invalidate PacBio\u2019s patents or proprietary rights; risks associated with international operations; and other risks associated with general macroeconomic conditions and geopolitical instability. Additional factors that could materially affect actual results can be found in PacBio\u2019s most recent filings with the Securities and Exchange Commission, including PacBio\u2019s most recent reports on Forms 8-K, 10-K, and 10-Q, and include those listed under the caption \u201cRisk Factors.\u201d These forward-looking statements are based on current expectations and speak only as of the date hereof; except as required by law, PacBio disclaims any obligation to revise or update these forward-looking statements to reflect events or circumstances in the future, even if new information becomes available.<\/p>\n<p align=\"left\">\n        <strong>Contacts<\/strong>\n      <\/p>\n<p align=\"left\">\n        <strong>Investors:<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tuhZY3w_eSeywkUaR08zRcolUTKMTNrvxJ7YGmZAJRBXtwQfG4dWwOBYdxhzAoxpom-PcV8_Tj5V-0hZMhbJmA==\" rel=\"nofollow\" target=\"_blank\">ir@pacb.com<\/a>\n      <\/p>\n<p align=\"left\">\n        <strong>Media:<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9mC5o81qymK_fcokxNAO9A2bSgkm0GCjZZclwh1ha8RTi3-dJVsRqgyx_87pzlfUIOFvDj00pxXck_5eNjS1Mg==\" rel=\"nofollow\" target=\"_blank\">pr@pacb.com<\/a>\n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY0NjczNSM3NDAzMzU4IzIwMDgxODM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YzNhOTYwZjQtMDg5YS00NTI3LWFhNWYtNzJjMGRkZmZmZmY0LTEwMTk3NTYtMjAyNi0wMi0wMi1lbg==\/tiny\/Pacific-Biosciences-of-Califor.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MENLO PARK, Calif., Feb. 02, 2026 (GLOBE NEWSWIRE) &#8212; PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, today announced the completion of the sale of select intellectual property and other assets related to PacBio\u2019s short-read DNA sequencing technology and related clustering, sequencing reagent, and detection technologies to Illumina, Inc. PacBio received $48.1 million in net cash proceeds from the transaction. Under the terms of the agreement, Illumina assumed certain liabilities and granted a non-exclusive license certain intellectual property back to PacBio. \u201cLast year, in response to challenging macroeconomic conditions, we made the strategic decision to pause development of our high-throughput short-read sequencing platform so that we can take full advantage of our innovations in the long-read &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pacbio-completes-sale-of-short-read-sequencing-assets\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PacBio Completes Sale of Short-Read Sequencing Assets&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-933269","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PacBio Completes Sale of Short-Read Sequencing Assets - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pacbio-completes-sale-of-short-read-sequencing-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PacBio Completes Sale of Short-Read Sequencing Assets - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MENLO PARK, Calif., Feb. 02, 2026 (GLOBE NEWSWIRE) &#8212; PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing solutions, today announced the completion of the sale of select intellectual property and other assets related to PacBio\u2019s short-read DNA sequencing technology and related clustering, sequencing reagent, and detection technologies to Illumina, Inc. PacBio received $48.1 million in net cash proceeds from the transaction. Under the terms of the agreement, Illumina assumed certain liabilities and granted a non-exclusive license certain intellectual property back to PacBio. \u201cLast year, in response to challenging macroeconomic conditions, we made the strategic decision to pause development of our high-throughput short-read sequencing platform so that we can take full advantage of our innovations in the long-read &hellip; Continue reading &quot;PacBio Completes Sale of Short-Read Sequencing Assets&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pacbio-completes-sale-of-short-read-sequencing-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-02T14:09:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY0NjczNSM3NDAzMzU4IzIwMDgxODM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pacbio-completes-sale-of-short-read-sequencing-assets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pacbio-completes-sale-of-short-read-sequencing-assets\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PacBio Completes Sale of Short-Read Sequencing Assets\",\"datePublished\":\"2026-02-02T14:09:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pacbio-completes-sale-of-short-read-sequencing-assets\\\/\"},\"wordCount\":709,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pacbio-completes-sale-of-short-read-sequencing-assets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY0NjczNSM3NDAzMzU4IzIwMDgxODM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pacbio-completes-sale-of-short-read-sequencing-assets\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pacbio-completes-sale-of-short-read-sequencing-assets\\\/\",\"name\":\"PacBio Completes Sale of Short-Read Sequencing Assets - 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PacBio received $48.1 million in net cash proceeds from the transaction. 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