The Chinese government took its economic sanctions against San Diego-based Illumina a step further Tuesday by banning the gene-sequencing company from importing its machines to the country.

Two competing companies will soon offer machines capable of sequencing a human genome in 24 hours, rather than weeks or months. On Tuesday (January 10), Illumina Inc. and Life Technologies Corp.

China announced a ban on Tuesday on imports of genetic sequencers from U.S. medical equipment maker Illumina , just minutes ...

Illumina is the world’s leading producer of gene-sequencing machines and counts on China for 7 percent of its sales. Beijing also said it took action against dozens of other companies from the ...

With most global sequencing done on Illumina’s machines, the company drives long-term profitability through scale and leadership in intellectual property. The strong integration of its solutions ...

Investing.com -- Chinese stocks related to genetic sequencing experienced gains after Beijing implemented a ban on the import of machines from Illumina (NASDAQ:ILMN), a US-based company.

The company attributed this to a decrease in sequencing instrument revenue from fewer shipments of its machines. Illumina’s net loss increased about 5% year over year to $1.2 billion in fiscal ...