By Monica Heger

This story has been updated to include analyst opinions.

Life Technologies' Ion Torrent business is planning to launch a new sequencing instrument by mid-year that will enable a whole human genome to be sequenced in hours at a run cost of $1,000.

The company has also begun shipping the 318 chip for the Ion Torrent PGM. The new chip has a throughput of 1 gigabase per run, around 10-fold higher throughput than the current 316 chip.

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