Close Menu

Goldman Sachs

An analyst at the investment firm said that the expanded production of Illumina's HiSeq sequencing platform is expected to result in sequential revenue growth in the first and second quarters of 2011, but revenue growth will likely abate in the third quarter.

A Goldman Sachs analyst said that Myriad's third share repurchase program in less than 12 months "is reflective of slowing organic growth and increasing dependence on financial engineering to drive bottom-line growth."

In addition to initiating coverage of Cepheid, Gen-Probe, Myriad Genetics, and Qiagen, the investment bank also began coverage of Alere and Hologic.

Despite the drop in mass-spec sales, CEO Greg Lucier said "It was a very good quarter for our mass-spec business." Companywide revenues inched up 1 percent to $785M on a pro forma basis.

The change removes "drag from the revenue" but could also fuel speculation that Life Tech is considering divesting the unit. Officials reiterated the firm’s intent to "run the business for success."

News Scan

Premium

MDS, Cenix BioScience, Boehringer Ingelheim, Life Technologies, Molecular Devices

Pages

Researchers trace DNA on a clay pipe found at a former slave site to a population that lives in what is now Sierra Leone, the Washington Post reports.

Two researchers report on their genetic analysis of samples from a shawl thought to belong to a victim of Jack the Ripper, ScienceInsider reports.

Japan is to release rules governing some gene-edited food, according to NHK World.

In PLOS this week: computational strategy for improving gene set analysis testing, miRNAs linked to sleep apnea, and more.