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Biotech / Medical : PROTEOMICS -- Ignore unavailable to you. Want to Upgrade?


To: EightyEight who wrote (48)6/25/2000 9:23:00 PM
From: Secret_Agent_Man  Respond to of 539
 
Illumina, Inc.

Available only to Hoover's Online members.
See Samples.
9390 Towne Centre Dr.,
Ste. 200
San Diego, CA
92121 (Map)
Phone: 858-587-4290
Fax: 858-587-4297
illumina.com

Illumina is here to enlighten. The
company is developing instruments that
measure genetic variation in individuals
to devise new treatments for various
diseases. Illumina's main product, the
BeadArray, facilitates multiple genetic
assays by attaching microscopic beads
to fiber-optic bundles; each bead holds a
different molecule or DNA sequence.
The bundle is then dipped into a test
sample, and a laser detects which beads
reacted with the sample. Illumina is also
developing the Oligator technology,
which prepares DNA segments for
BeadArray testing. Illumina collaborates
with PE Biosystems, Dow Chemical, and
Third Wave Technologies. Through the
CW Group, director Charles Hartman
owns 20% of the company.

Top Competitors
Luminex | Sequenom | Variagenics

hoovers.com

Variagenics, Inc.

Available only to Hoover's Online members.
See Samples.
60 Hampshire St.
Cambridge, MA
02139 (Map)
Destination Guide for
Boston, MA
Phone: 617-588-5300
Fax: 617-588-5399
variagenics.com

Variagenics uses pharmacogenomics,
which studies links between genetic
variability (measured in single nucleotide
polymorphisms, or SNPs) and response
to drugs, to develop new drugs and
diagnostic products. Products being
developed include the Variagenic Impact
Program, which analyzes SNP data to
identify drug targets, and the NuCleave
DNA analysis platform, which performs
assays on DNA samples to examine
patients' responses to drugs. Initially
focused on cancer, the company is now
also targeting cardiovascular,
neurological, and inflammatory
diseases. Variagenics has collaborative
agreements with Covance and Quintiles
Transnational. The Sprout Group owns
more than a fourth of the company,
which is going public.

Top Competitors
Axys Pharmaceuticals | CuraGen |
Human Genome Sciences

hoovers.com



To: EightyEight who wrote (48)7/4/2000 3:32:46 PM
From: Secret_Agent_Man  Read Replies (1) | Respond to of 539
 
llumina sets IPO at 5 mln shares, $9-$11 per share

July 3, 2000 05:36 PM Eastern Time
WASHINGTON, July 3 (Reuters) - Illumina Inc., a maker of
genomics tools for drug research, on Monday set its initial public
offering at 5 million shares of common stock in a projected range
of $9-$11 per share.

It expects to raise $45.2 million in net proceeds from the IPO, an
amended prospectus filed with the Securities and Exchange
Commission showed.

The San Diego-based company plans to use the net proceeds for
general corporate development, working capital, funding of
operating losses, capital expenditures and potential acquisitions.

Illumina develops tools for large-scale analysis of genetic variation
and function, which are critical to the development of personalized
medicine.

It has applied to trade its shares on Nasdaq under the symbol
"ILMN" ILMN .

Its underwriters, led by Goldman Sachs & Co., have the option of
buying 750,000 additional shares in the event of heavy demand,
according to the filing.

Once the company goes public, there will be about 30.5 million
shares outstanding in the company.

That would give the company an initial market capitalisation of
$335.5 million based on a median price of $10 per share.