Skip to main content
Premium Trial:

Request an Annual Quote

Sequenom Said Price Erosion Contributed to 26-Percent Revenue Slide in Q3

NEW YORK, Oct. 26 (GenomeWeb News) - Sequenom today said that competition and "price erosion" contributed to a fall-off in third-quarter revenue.


Product sales in the three months ended Sept. 30 fell 26 percent to $4.8 million from $6.6 million year over year. Total receipts for the period also fell 26 percent, to $5.2 million from $7.2 million one year ago.


Sales of the company's flagship MassArray system were "below expectations," Sequenom CFO Steve Zaniboni said in a statement. However, consumables increased 32 percent during the third quarter.


"The main causes of this [decline] are increased competition and price erosion in the ultra high throughput gene discovery market," Zaniboni said. He said the company "expect[s] to see an increase in MassArray Compact system installations" as Sequenom "continue[s] to penetrate the molecular medicine market."


R&D spending for the third quarter fell 34 percent to $4 million from $6 million year over year, Sequenom said.


Net loss narrowed in the quarter to $8.3 million, or $.21 per share, from $8.8 million, or $.22 per share, one year ago.


Sequenom said it had around $43.8 million in cash, equivalents, short-term investments and restricted cash as of Sept. 30.

The Scan

WHO Seeks Booster Pause

According to CNN, the World Health Organization is calling for a moratorium on administering SARS-CoV-2 vaccine boosters until more of the world has received initial doses.

For Those Long Legs

With its genome sequence and subsequent RNAi analyses, researchers have examined the genes that give long legs to daddy longlegs, New Scientist says.

September Plans

The New York Times reports that the US Food and Drug Administration is aiming for early September for full approval of the Pfizer-BioNTech SARS-CoV-2 vaccine.

Nucleic Acids Research Papers on Targeting DNA Damage Response, TSMiner, VarSAn

In Nucleic Acids Research this week: genetic changes affecting DNA damage response inhibitor response, "time-series miner" approach, and more.