The San Diego company also lowered its financial guidance for 2025 in response to China’s import restrictions.
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.
Beijing banned imports of Illumina’s gene-sequencing machines in response to U.S. tariffs.
China banned the import of Illumina Inc. gene-sequencing machines as part of a wave of retaliatory measures against fresh US tariffs on all Chinese goods, deepening the US company’s woes in one ...
Illumina Inc (NASDAQ:ILMN)., a leading player in the genomic sequencing industry, finds itself at a critical juncture as it navigates a shifting competitive landscape and global economic challenges.
There were also mutations identified in ctDNA alone ... to undertake multiomics by enabling RNA and protein sequencing on Illumina platforms which is not possible with ctDNA.
Illumina on Monday lowered its annual forecast and said it plans to cut $100 million in spending after China announced a ban ...