I was in New York last week for the Nanopore Community Meeting. I'll save some technical updates for tomorrow, for I wanted to focus today on a huge inflection point that Oxford Nanopore announced that they will really will punch through next year. I'm going to do that with an extended comparison to Robert Bloch's wonderful short story That Hellbound Train. I won't spoil that story, but if you want to first go find a copy to read (there is apparently now a graphic novel version) or spend a half hour on a decent narration of it, please do. It's especially a joy if you're steeped in the lore of American railroading.
Tuesday, December 10, 2019
Thursday, November 21, 2019
Last week the UK’s CMA published a proposal submitted by Illumina and PacBio to save their merger. This was then published in a revised, seemingly more generous form on Wednesday. Most strikingly, the proposal tackles head-on an elephant long in the room: is the CMA playing hardball because the biggest competitor in this space is not named Oslo Nanopore Technologies.
Wednesday, November 20, 2019
Today Genapsys launches their sequencer into the U.S. market, with worldwide launch next year. They also received a new round ($90M) of financing from a major firm, Foresite Capital. In addition to the Press Release and Media Kit, Genapsys' PR team, provided me with answers to a set of questions I provided. As a reminder, I previously covered their pre-print pushed out to BioRxiv six months ago.
Thursday, October 24, 2019
Today the United Kingdom's Competition and Merger Authority (CMA) issued their preliminary report on the proposed acquisition of Pacific Biosciences by Illumina. The report has no dry British phrasing: they clearly state that the merger is anticompetitive and that the only legal remedy is to block the transaction. Interestingly, today was also the scheduled Illumina Q3 earnings call, but the subject wasn't even broached there.
Monday, October 21, 2019
Two weeks ago QIAGEN announced they will discontinue development of their GeneReader short read instrument and move their portfolio of gene panel tests over to the Illumina MiSeq and NextSeq. Existing instrument owners will continue to be supported for an indefinite period. Thus ends QIAGEN's effort to build a fully vertically integrated sample-to-answer diagnostic sequencing system, just short of 4 years from the system's launch. What can be learned from this and how does this reshape the sequencing market?
Thursday, September 26, 2019
Interesting news today on the PacBio front: as reported by GenomeWeb, Illumina announced that their walkaway date for the acquisition has been extended to March 31 of next year and that Illumina will be pumping significant cash into PacBio until either the merger occurs or is terminated. In addition to publicly reinforcing Illumina's determination to get the deal done, the terms of the arrangement have interesting consequences should the deal fall through
I've written far more than I expected to on the PacBio merger, with it dominating my output here this summer save that recent dip in the CCS boomerangs. We still haven't heard from the U.S. FTC, which is the big hammer that could drop and the stock is still selling at a substantial discount to the price offered by Illumina. While I've hinted at it, I've never quite detailed my major objection to the form of the UK CMA's analysis of the proposed acquisition. I've missed the opportunity to lay that out during the period of public comment for the next round of the CMA. Still, worth it to write it down. Which was true about a month ago when I wrote this, then failed to actually push it to a post before I headed out for a rugged vacation in the American West. And then forgot about it after returning. And more news today to comment on -- so better finally get this out there.
Thursday, September 19, 2019
I spent a day recently taking Amazon's "AWS Technical Essentials" course. I had originally opted not to go, but a summons went out that we had already paid for seats and that everyone using AWS should really go. I've been in far worse courses and certainly had no complaints with our instructor, a former mechanical engineer who knew his stuff and was never in salesman mode. Indeed, many of the tips I extracted had to do with how to save money. No, the problem is that the course is designed for a very, very different use case than anyone in my shoes is interested in. It's a use case that I'm sure Amazon has a few bazillion customers for, but I'm just not one of them.