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Biotech / Medical : PE Biosystems (PEB)
PEB 12.18+0.5%1:03 PM EST

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To: PuddleGlum who wrote (31)5/10/1998 1:20:00 PM
From: Richard Haugland  Read Replies (1) of 122
 
Some important PKN press releases Saturday and a PKN press conference Monday morning

Perkin-Elmer, Dr. J. Craig Venter, and TIGR Announce Formation of New Genomics Company

Plan to Sequence Human Genome Within Three Years

biz.yahoo.com

Perkin-Elmer to Introduce New Instrument Based on Breakthrough DNA Analysis Technology

NORWALK, Conn.--(BW HealthWire)--May 9, 1998--The Perkin-Elmer Corporation (NYSE:PKN - news) announced today that it was nearing the end of development of a breakthrough DNA analysis technology that should enable the generation of sequencing data at an ultra-high throughput level.

The Company is designing the 3700 DNA Analyzer to provide the catalyst for a major new genomics initiative. While production shipments are scheduled for the first quarter of calendar year 1999, Perkin-Elmer expects to shortly announce an early access program for customers interested in becoming test sites for the instrument late in calendar year 1998.

biz.yahoo.com

IMO, the high speed sequencer is what should make the most for PKN because it will mean more revenues for the company, although not until next fiscal year. PKN will also own 80% of the new company. The goal of completing sequencing of the human genome within 3 years seems like an overly ambitious one.
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