Recent Updates
Recently added Catalysts
ILMN Positive Sentiment Score: 75/100

Illumina expands Billion Cell Atlas program with new AI drug developers

Key Takeaway: Illumina has expanded its Billion Cell Atlas program by adding three new AI-driven drug developers, including Formation Bio. This collaboration aims to utilize Illumina's extensive genomic data to enhance drug discovery and development. The initiative is expected to help in identifying effective treatments and improving clinical trial designs, ultimately benefiting patient outcomes.
Price reaction · baseline $188.25 (2026-07-16T15:58:00.000Z) · hit during market hours · clean, no other ILMN news in the window
day 0 close · peak
+1.1%

Market Sentiment Analysis

POSITIVE FACTORS

  • Expansion of the Billion Cell Atlas with new AI drug developers.
  • Potential to accelerate drug discovery and development processes.
  • Collaboration aims to improve precision medicine through advanced data usage.

Full Press Release Details

Partners will use unprecedented data scale to advance more precise medicines to approval
SAN DIEGO,July 16, 2026/PRNewswire/ -- Illumina, Inc. (NASDAQ:ILMN) today announced that the Billion Cell Atlas alliance has added three new member companies, including AI-native drug developer Formation Bio. As leaders in AI-driven drug discovery, design, and development, alliance members will use the unprecedented scale of Illumina's genome-wide perturbation data as infrastructure for the next generation of therapeutics.
"We are building the cell atlas to address key bottlenecks across the drug discovery and development continuum," said Rami Mehio, senior vice president and general manager of BioInsight at Illumina. "We are creating the foundational framework to train virtual cell models and solve some of the most fundamental challenges in biology. Together, partners using this unique dataset can have a significant impact in de-risking and accelerating the journey from biological insights to approved drugs."
"We are building the cell atlas to address key bottlenecks across the drug discovery and development continuum," said Rami Mehio, senior vice president and general manager of BioInsight at Illumina. "We are creating the foundational framework to train virtual cell models and solve some of the most fundamental challenges in biology. Together, partners using this unique dataset can have a significant impact in de-risking and accelerating the journey from biological insights to approved drugs."
Introduced inJanuary 2026with founding participants AstraZeneca, Merck, and Eli Lilly and Company, the Atlas enables users to discover and validate novel targets, characterize drug and disease mechanisms of action, and explore potential new indications. Over 350 million cells have been sequenced to date, generating upwards of six petabytes of genomic data. The scale and diversity of the Atlas across hundreds of disease-relevant and healthy cell types can reveal how diseases originate and develop, as well as how we may be able to reverse their progression.
"Formation Bio's model is to identify and acquire promising medicines already close to or in the clinic, then use AI and technology to develop them faster and more efficiently. A core part of that model is making better asset-selection and indication decisions, especially for first-in-class programs where the evidence is often fragmented," said Benjamine Liu, CEO and co-founder of Formation Bio. "We are excited to leverage the Illumina Billion Cell Atlas to credential therapeutic-area hypotheses and target-indication pairs against a new layer of cell-specific causal biology. Combined with genetics, human biology, translational evidence, and clinical data, these insights can help us choose the right assets, indications, patients, and trial designs—and ultimately increase the probability that important new medicines reach patients."

Transforming drug discovery and development requires biological understanding at scale

For Formation Bio, the Atlas can provide insight into why a drug might work or fail in a specific patient population. Single-cell perturbation data at scale will enable researchers to build more precise models of how candidate drugs interact with disease biology, improving their ability to identify which patient subgroups are most likely to respond and inform clinical trial design. The Atlas will also strengthen one of the most consequential decisions in drug development: choosing which assets to advance and in which indications.
This is particularly important for first-in-class medicines, where the target biology may be compelling but clinical precedent is limited. By integrating cell-state-specific perturbation data with genetic, human, translational, and clinical evidence, Formation Bio can more rigorously credential target-indication pairs, identify the disease contexts and patient populations most likely to respond, and prioritize programs with the strongest probability of clinical success.
"The next frontier of AI in biology hinges on the creation of foundational training datasets," said Kyle Farh, vice president of Artificial Intelligence at Illumina. "Up until now, most single cell data has been observational. We aim to change that, and in the process, reimagine what is possible in biology."

About the Illumina Billion Cell Atlas

The Illumina Billion Cell Atlas — the world's largest genome-wide genetic perturbation dataset — is capturing how one billion individual cells respond to genetic changes via CRISPR across more than 200 disease-relevant cell lines. The program launched inJanuary 2026, and members include AstraZeneca, Eli Lilly and Company, Formation Bio, Merck, and two additional AI-driven drug discovery partners. It will be the most comprehensive map of human disease biology upon completion. To learn more about the Illumina Billion Cell Atlas and other multiomics initiatives, visit thislink.

About Illumina

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visitillumina.comand connect with us onX,Facebook,LinkedIn,Instagram,TikTok, and YouTube.

Investors:Illumina Investor Relations858-291-6421[email protected]

Media:Christine Douglass[email protected]

Frequently Asked Questions

What is the Billion Cell Atlas?

The Billion Cell Atlas is the world's largest genome-wide genetic perturbation dataset, capturing responses of one billion cells to genetic changes.

Who are the new partners in the Billion Cell Atlas?

The new partners include AI-native drug developer Formation Bio and other AI-driven drug discovery companies.

How does the Atlas aid drug discovery?

The Atlas provides extensive genomic data to help identify effective treatments and improve clinical trial designs.

What is the goal of the collaboration?

The collaboration aims to accelerate drug discovery and development by leveraging advanced genomic data.

Last updated: Jul 16, 2026