Intel, Others Invest $100 Million in Speedy New DNA Sequencer

This morning it was announced that Intel Corp. (NASDAQ: INTC) and other investors will pump $100 million into a start-up company that says, by 2010, it will launch sales of a system capable of sequencing the human genome in 15 minutes. Pacific Biosciences of California, Inc. of Menlo Park, California, will receive $100 million in funding by a consortium of investors led by Intel Capital (the investment division of Intel Corp.) and Deerfield Capital Management, LLC, of Rosemont, Illinois. Other...
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