Illumina’s AI Genomics Partnership With MyOme Might Change The Case For Investing In Illumina (ILMN)
Illumina and MyOme have announced a collaboration to support MyOme’s Proactive Health Trial, combining whole-genome sequencing with AI-integrated risk models to improve health outcomes and reduce costs. This partnership aims to enhance preventive care and rare disease diagnostics in the US healthcare system. The collaboration underscores Illumina’s focus on AI-enabled genome sequencing, despite ongoing challenges in clinical adoption, research demand, and competition. Illumina projects $4.8 billion revenue and $873.5 million earnings by 2028, with a fair value estimate of $119.84 per share, reflecting an 11% downside to its current price.
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