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Perkins Elmer has an extensive history in the genomic sequencing field and Dr. Craig Venter. Dr. Venter is a former researcher for The Institute for Genomic Research and founded the J. Craig Venter Institute. Find out more here: http://www.jcvi.org/
Google finance: NYSE:PKI
PerkinElmer Enters DNA Sequencing Market
By MATTHEW HERPER
In a move that heralds the growing importance of DNA sequencing to medical research and, eventually, diagnostics, PerkinElmer, the $1.9 billion (sales) maker of diagnostic tests, is entering the gene scanning market.
Rather than compete with makers of big DNA sequencing machines, PerkinElmer is creating a service business that will allow researchers to get human genetic data without owning their own DNA sequencers or high-powered supercomputers. Customers will be able to access and analyze DNA data on a password-protected computer cloud. The DNA sequencing and the data analysis will be compliant with regulations for lab diagnostics. Eventually, the will also comply with the Health Insurance Portability and Accountability act (HIPAA), which protects medical privacy.