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NEW YORK – Shares of Pacific Biosciences were up around 6 percent in Wednesday afternoon trading on Nasdaq on news that the firm's long-read sequencing technology is enabling multiple research studies on the SARS-CoV-2 virus and COVID-19 host immune response.

PacBio said that the long reads produced by its single-molecular, real-time (SMRT) sequencing technology can be used to resolve variants of the virus that exist within an individual or across a patient population to help develop and maintain diagnostics, vaccines, and medications.

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