Driven by strong MiSeq and sequencing consumables sales as well as its services business, Illumina saw a 24 percent increase in revenues in the fourth quarter of 2012 to $309 million, compared to $250 million in the fourth quarter of 2011, officials said yesterday during a conference call discussing the company's fourth-quarter and full-year earnings.

The company also provided an update on its R&D pipeline for sequencing technology, including a ramped up effort in nanopore sequencing.

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