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The Alliance for Genomic Discovery welcomes Bristol Myers Squibb, GSK, and Novo Nordisk Illumina Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, in collaboration with Nashville Biosciences, LLC...

Key Takeaway: Illumina Inc. (NASDAQ: ILMN) announced the addition of Bristol Myers Squibb, GSK, and Novo Nordisk to the Alliance for Genomic Discovery, enhancing collaborative drug discovery efforts. The alliance aims to co-fund the whole-genome sequencing of 250,000 DNA samples, focusing on action-oriented therapeutic targets. In 2023, the alliance completed sequencing approximately 86,000 genomes, including a significant diverse ancestry cohort. Leadership emphasizes the potential impact on human health through comprehensive genomic analysis, though challenges related to technology deployment and partnerships remain.

Market Sentiment Analysis

POSITIVE FACTORS

  • Expansion of the Alliance enhances drug discovery capabilities.
  • Welcomed new members to boost genomic research.
  • Successful sequencing of diverse ancestry cohort improves representation.

CONCERNS & RISKS

  • Challenges inherent in researching and developing new technologies.
  • Dependence on partners for the success of collaborations.
  • Risks related to genomic data management costs.

Full Press Release Details

AGD delivered ~86,000 whole genomes in 2023, including a unique diverse ancestry cohort
Expanded pharma engagement enhances AGD's ability to develop multiomic datasets
SAN DIEGO , Jan. 4, 2024 /PRNewswire/ -- Illumina Inc. (NASDAQ: ILMN ), a global leader in DNA sequencing and array-based technologies, in collaboration with Nashville Biosciences, LLC (NashBio), a leading clinical and genomic data company and wholly owned subsidiary of Vanderbilt University Medical Center (VUMC), today announced three new members of the Alliance for Genomic Discovery (AGD).
Bristol Myers Squibb (BMS), GSK and Novo Nordisk join founding member organizations AbbVie, Amgen, AstraZeneca, Bayer, and Merck. Together the pharma members will co-fund the whole-genome sequencing (WGS) of 250,000 DNA samples and have access to the resulting data for use in drug discovery and therapeutic development.
"Together with NashBio and the now eight member organizations in the Alliance for Genomic Discovery, we will generate and analyze more genomic, multimodal phenotypic, and multiomic data in a turnkey manner," said Joydeep Goswami , chief financial officer and chief strategy and corporate development officer of Illumina. "This rich dataset will enable the discovery of highly actionable therapeutic targets and improve the speed, probability of success, and efficiency of the discovery and development process."
In 2023, AGD completed whole-genome sequencing of approximately 86,000 of the planned 250,000 DNA samples from VUMC's BioVU ® biobank, including the initial diverse ancestry cohort of 35,000 individuals primarily of African ancestry. The AGD members are applying innovative, large-scale analysis tools to the WGS data to help identify disease associations and drug targets for intervention.
"We are thrilled to welcome these latest members to AGD and to work with all of these organizations to advance the study of the genome and improve human health," said Leeland Ekstrom , PhD, chief executive officer of NashBio. "With this initial phase of the alliance now well underway, we are excited to explore possible future additions of other multiomic data that will expand this incredible resource."
Use of forward-looking statements
This release contains forward-looking statements that involve risks and uncertainties, including the expectation for lower costs related to the storing and managing of genomic data costs. Among the important factors that could cause actual results to differ materially from those in any forward-looking statements are: (i) challenges inherent in researching, developing and launching new technologies; (ii) our and our partners' ability to deploy new products, services, and applications, and to expand the markets for genomics-related products and services; and (iii) the challenges associated with multiparty collaborations, including our reliance on the performance of such partners, 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 the Alliance for Genomic Discovery
Launched in 2022 by Illumina and NashBio, the Alliance for Genomic Discovery is a multiyear endeavor aiming to accelerate development of therapeutics through large-scale genomics and the establishment of a preeminent clinical genomic resource. Member companies from pharma and biopharma leverage Illumina next-generation sequencing platforms to identify disease associations and targets for intervention by analyzing whole-genome sequence data derived from Vanderbilt University Medical Center's BioVU ® , an extensive, high-quality biobank of more than 250,000 de-identified human DNA samples and associated longitudinal, structured and de-identified clinical data. One of the main objectives of the alliance is to help narrow the gap in the diversity of genomic data, and ultimately work toward a more equitable representation of ancestries in genetic research. Learn more .
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 .
Nashville Biosciences, LLC (NashBio), a wholly owned subsidiary of Vanderbilt University Medical Center (VUMC), was created to harness the Medical Center's extensive genomic and bioinformatics resources for drug and diagnostics discovery and development. Leveraging Vanderbilt University innovation, NashBio serves as a commercial interface between outside companies and the formidable research capabilities housed within VUMC, including BioVU ® , one of the world's most comprehensive genetic databases linked to de-identified medical records with years of longitudinal clinical data. This unique asset is one of the largest and highest quality of its kind, providing an opportunity to guide R&D activity in biotech, pharma, diagnostics, medical devices, and other life sciences applications. For more information, please visit nashbio.com and connect with us on LinkedIn .
Investors: Salli Schwartz 858-291-6421 [email protected]
Media: David McAlpine 347-327-1336 [email protected]
SOURCE Illumina, Inc.

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Frequently Asked Questions

What is the Alliance for Genomic Discovery (AGD)?

AGD is a collaboration initiated by Illumina and Nashville Biosciences aiming to advance therapeutic development through large-scale genomic research.

How many genomes did AGD deliver in 2023?

AGD delivered approximately 86,000 whole genomes in 2023, including a diverse ancestry cohort.

Which companies recently joined AGD?

Bristol Myers Squibb, GSK, and Novo Nordisk recently joined the AGD.

What is BioVU ® biobank?

BioVU ® is a biobank of over 250,000 de-identified human DNA samples linked to medical records.

What is the goal of AGD's genomic research?

The goal of AGD's research is to identify disease associations and drug targets to improve therapeutic development.

Last updated: Jan 4, 2024