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Illumina Collaborates With Nashville Biosciences to Accelerate Medicines Development

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Jan 20, 2022 (3BL Media via COMTEX) -- SOURCE: Illumina

SAN DIEGO, January 20, 2022 /3BL Media/ -- Illumina, Inc. /zigman2/quotes/203509482/composite ILMN +3.95% and Nashville Biosciences, LLC, a wholly-owned subsidiary of Vanderbilt University Medical Center (VUMC), announced a multi-year agreement to accelerate medicines development through large-scale genomics and the establishment of a preeminent clinico-genomic resource. Using Illumina's next-generation sequencing (NGS) platforms, scientists and researchers will be able to better identify disease associations and targets for intervention by analyzing data derived from VUMC's extensive, high-quality biobank of approximately 250,000 de-identified human DNA samples and associated longitudinal, structured medical data.

Drug discovery is a difficult, expensive, and often time-consuming endeavor, with 90 percent of therapies failing in development. Medicines available today work on just a few hundred targets in the body while around 3,000 genes encode proteins that may be receptive to drug intervention . Genomics-based methods can find targets that are more likely to modify disease in a beneficial way, having the potential to greatly improve the speed of therapy development.

The BioVU(R) biobank includes a de-identified data set of approximately 250,000 human DNA samples extracted from discarded blood collected during routine clinical testing and consented for research use, aligned with extensive structured clinical data derived from VUMC's electronic medical records over the past 15 years. Illumina will deliver whole-genome sequencing on the samples and upload the data to the Illumina Connected Analytics platform. Together, Nashville Biosciences and Illumina will establish a commercial alliance of multiple pharmaceutical and biotechnology partners to analyze the data for drug discovery and therapy development.

Genomic analyses and services anticipated through the collaboration will include genome- and phenome-wide association studies, genomic interpretation (including artificial intelligence-based interpretation), and other analytic approaches that combine clinical and genomic data sets to study human health and disease.

Use of forward-looking statements

This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors to which our business is subject that could cause actual results to differ materially from those in any forward-looking statements are challenges inherent in developing, manufacturing, and launching new products and services, and our ability to successfully partner with other companies and organizations to develop new products, expand markets, and grow our business, together with other factors detailed in our filings with the Securities and Exchange Commission, including our most recent filings on Forms 10-K and 10-Q, or in information disclosed in public conference calls, the date and time of which are released beforehand. We undertake no obligation, and do not intend, to update these forward-looking statements, to review or confirm analysts' expectations, or to provide interim reports or updates on the progress of the current quarter.

About Illumina

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as the global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture and other emerging segments. To learn more, visit www.illumina.com and connect with us on Twitter , Facebook , LinkedIn , Instagram , and YouTube .

Investors:
Salli Schwartz
858.291.6421
IR@illumina.com

Media:
Dr. Karen Birmingham
EMEA: +44 7500 105665
US: 646.355.2111
kbirmingham@illumina.com

Tweet me: .@illumina has announced a partnership with @NashvilleBio to accelerate genomics-based methods for medicine development for a variety of diseases. Learn more here: https://bit.ly/3ff7ix2

KEYWORDS: illumina, NASDAQ: ILMN, Nashville Biosciences, Vanderbilt University

Driving better Therapy with Nashville Biosciences logo. Scientist in gloves holding rack of test tubes.

COMTEX_400909641/2551/2022-01-20T09:02:37

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/203509482/composite
US : U.S.: Nasdaq
$ 253.18
+9.61 +3.95%
Volume: 447,891
May 27, 2022 12:01p
P/E Ratio
55.17
Dividend Yield
N/A
Market Cap
$38.26 billion
Rev. per Employee
$475,000
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