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16:42 ET Illumina and MyOme Strike Collaboration Deal Including Strategic Investment to Support MyOme's Clinical Trial That Could Save U.S. Healthcare $200 Billion Annually

Illumina and MyOme have announced a collaboration and strategic investment to support MyOme's clinical trial, aiming to save U.S. healthcare $200 billion annually. The partnership combines Illumina's sequencing technology with MyOme's AI-integrated risk models to advance precision medicine for early detection and prevention. The MPH trial will begin enrollment in 2026, focusing on whole-genome sequencing and risk models for chronic conditions, cancers, and rare diseases.

prnewswire·
US
ILMN
-1.15%
prnewswire·
US
ILMN
-1.15%

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.

Simplywall·
US
ILMN
-1.15%
Simplywall·
US
ILMN
-1.15%

Nikko Asset Management Americas Inc. Sells 87,492 Shares of Pure Storage, Inc. $PSTG

Nikko Asset Management Americas Inc. reduced its stake in Pure Storage, Inc. by 6.5% in Q2, selling 87,492 shares. Insiders sold 427,311 shares worth $36.6M recently. Analysts have mixed ratings, with a consensus of 'Moderate Buy' and an average price target of $95.26. Pure Storage's stock opened at $71.25, down 6.1%.

Market Beat·
US
PSTG
-6.00%
Market Beat·
US
PSTG
-6.00%

Nikko Asset Management Americas Inc. Increases Stake in Illumina, Inc. $ILMN

Nikko Asset Management Americas Inc. increased its stake in Illumina, Inc. by 28.8% in Q2, owning 867,981 shares valued at $82.8 million. Other institutional investors also adjusted their positions in Illumina. Analysts have mixed ratings on the stock, with an average "Hold" rating and a target price of $115. Illumina's recent earnings exceeded expectations, with a reported EPS of $1.34 and revenue of $1.08 billion.

Market Beat·
US
ILMN
-1.15%
Market Beat·
US
ILMN
-1.15%

Cim Investment Management Inc. Raises Position in Lumentum Holdings Inc. $LITE

Cim Investment Management Inc. increased its stake in Lumentum Holdings Inc. by 100.8% in Q2, owning 9,622 shares valued at $860,000. Other institutional investors also adjusted their holdings. Lumentum's stock performance shows a 12-month high of $376.53 and a market cap of $23 billion. Recent earnings beat estimates, with revenue up 58.4% year-over-year. Analysts have set new price targets amid AI and ML growth.

Market Beat·
US
LITE
-12.83%
Market Beat·
US
LITE
-12.83%
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