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Stock impact report

China bans Illumina sequencer imports as US trade war intensifies [Yahoo! Finance]

Pacific Biosciences of California, Inc. (PACB) 
Last pacific biosciences of california, inc. earnings: 2/6 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.pacificbiosciences.com
Company Research Source: Yahoo! Finance
China's Ministry of Commerce (MOFCOM) announced the ban hours after the White House said it would impose an additional 10% tariff on Chinese imports into the US, bringing the total to 20% following the first 10% tariff imposed last month. Illumina's NGS sequencers are used to sequence DNA or RNA samples and use a technology known as sequencing by synthesis (SBS) to enhance DNA short-read sequence generation. According to a GlobalData market model , the top three NGS companies by global market share in 2024 were Illumina, Pacific Biosciences, and Thermo Fisher Scientific. Illumina holds a 34.5% market share in China, so tariffs will have a significant impact, according to GlobalData's director of therapy research and analysis in medical devices Dr Andrew S Thompson. However, Selena Yu, senior medical analyst at GlobalData, notes that it is sequencers that are banned and not consumables. “Typically, sequencers are not sold and bought frequently compared to the actual tests,” sa Show less Read more
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