Skip to main content
Premium Trial:

Request an Annual Quote

PacBio Files $150M Shelf Registration

NEW YORK (GenomeWeb News) – Pacific Biosciences today filed to offer from time to time up to $150 million of a combination of securities.

In its Form S-3 filed with the US Securities and Exchange Commission, the Menlo Park, Calif.-based next-generation sequencing technology company firm said proceeds from the offering will go toward general corporate purposes, including working capital, capital expenditures, other corporate expenses, and acquisitions of complementary products, technologies, or businesses.

The securities that may be offered include common stock, preferred stock, depositary shares, warrants, debt securities.

PacBio went public in late 2010 raising $200 million in its initial public offering. In September, though, the company announced 130 layoffs due to the wobbly economy and to position the company for success in the long term. The firm has also been hit with at least one lawsuit alleging it failed to disclose materially important information, resulting in the artificial inflation of its stock price.

Michael Hunkapiller replaced Hugh Martin as the firm's president and CEO in January. In February, PacBio reported fourth-quarter revenues of $12.4 million.

In late afternoon trading today on the Nasdaq, shares of PacBio were down 3 percent at $3.51.

The Scan

Booster for At-Risk

The New York Times reports that the US Food and Drug Administration has authorized a third dose of the Pfizer-BioNTech SARS-CoV-2 vaccine for people over 65 or at increased risk.

Preprints OK to Mention Again

Nature News reports the Australian Research Council has changed its new policy and now allows preprints to be cited in grant applications.

Hundreds of Millions More to Share

The US plans to purchase and donate 500 million additional SARS-CoV-2 vaccine doses, according to the Washington Post.

Nature Papers Examine Molecular Program Differences Influencing Neural Cells, Population History of Polynesia

In Nature this week: changes in molecular program during embryonic development leads to different neural cell types, and more.