Recent Updates
Recently added Catalysts
ILMN Positive Sentiment Score: 80/100

Illumina expands collaboration with Janssen to advance molecular residual disease cancer test Illumina Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, today announced it has signed an agreement with Janssen ...

Key Takeaway: Illumina Inc. has announced a collaboration with Janssen Research & Development to advance its molecular residual disease (MRD) assay, which utilizes whole-genome sequencing to detect circulating tumor DNA. This innovative approach aims to provide a sensitive and accurate assessment of disease persistence or recurrence post-treatment. The collaboration seeks to create a cost-effective and automated testing solution with a rapid turnaround time of five to seven days. Illumina is also open to working with additional pharmaceutical partners to enhance the utility of the MRD assay in clinical research.

Market Sentiment Analysis

POSITIVE FACTORS

  • Collaboration with Janssen to develop cutting-edge MRD assay.
  • Aim to deliver cost-effective, highly sensitive testing solutions.
  • Whole-genome sequencing approach offers promise for oncology research.

CONCERNS & RISKS

  • Potential challenges in developing and launching new products.
  • Uncertainties related to partnerships with other companies.

Full Press Release Details

SAN DIEGO , Jan. 5, 2024 /PRNewswire/ -- Illumina Inc. (NASDAQ: ILMN ), a global leader in DNA sequencing and array-based technologies, today announced it has signed an agreement with Janssen Research & Development, LLC (Janssen). This collaboration will be the first relating to the development of Illumina's novel molecular residual disease (MRD) assay, a whole-genome sequencing (WGS) multi-cancer research solution that detects circulating tumor DNA (ctDNA) to better understand the persistence or recurrence of disease following clinical intervention.
"This collaboration reflects the value of our unique MRD technology and the promise of Illumina's whole-genome approach in oncology," said Joydeep Goswami , chief strategy and corporate development officer and chief financial officer of Illumina. "Working together with pharma partners like Janssen, we aim to deliver a sensitive, accurate, and easily accessible whole-genome sequencing MRD assay to advance clinical research in oncology."
The Illumina WGS MRD assay, which is currently in development, will detect ctDNA for MRD assessment in research settings that evaluate samples from patients previously diagnosed with cancer across multiple solid tumor indications. In contrast with existing MRD solutions with complex workflows, Illumina plans to develop a research solution that will provide a cost-effective, highly sensitive, and automated workflow, with the potential to achieve a turnaround time of five to seven days.
Illumina intends to collaborate with other leaders in pharma to help further develop and expand the utility of its WGS MRD assay.
Use of forward-looking statements This article may contain forward-looking statements that involve risks and uncertainties. Among the important factors to which our business is subject that could cause actual results to differ materially from those in any forward-looking statements are challenges inherent in developing, manufacturing, and launching new products and services, and our ability to successfully partner with other companies and organizations to develop new products, expand markets, and grow our business, together with other factors detailed in our filings with the Securities and Exchange Commission, including our most recent filings on Forms 10-K and 10-Q, or in information disclosed in public conference calls, the date and time of which are released beforehand. We undertake no obligation, and do not intend, to update these forward-looking statements, to review or confirm analysts' expectations, or to provide interim reports or updates on the progress of the current quarter.
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, visit illumina.com and connect with us on X (Twitter) , Facebook , LinkedIn , Instagram , TikTok , and YouTube .
Investors: Salli Schwartz 858-291-6421 [email protected]
Media: David McAlpine 347-327-1336 [email protected]
SOURCE Illumina, Inc.

21 %

Frequently Asked Questions

What is the purpose of Illumina's new MRD assay?

The MRD assay aims to detect circulating tumor DNA (ctDNA) to assess disease persistence after treatment.

Who is partnering with Illumina on the MRD assay?

Illumina has collaborated with Janssen Research & Development on the MRD assay.

What is unique about Illumina's MRD technology?

Illumina's MRD technology offers a sensitive and automated workflow for multi-cancer research.

How long will the MRD assay take for results?

The MRD assay is expected to provide results within five to seven days.

What distinguishes Illumina's MRD assay from others?

It is designed to be cost-effective with a simplified, highly sensitive workflow compared to existing solutions.

Last updated: Jan 5, 2024