Illumina Completes $425M Acquisition of SomaLogic's Proteomics Technology
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2026
0mins
Should l Buy ILMN?
Source: seekingalpha
- Acquisition Overview: Illumina has completed its acquisition of proteomics technology company SomaLogic for up to $425 million, with $350 million paid upfront and an additional $75 million contingent on milestones and royalties, reflecting Illumina's commitment to the proteomics sector.
- Technological Integration Benefits: SomaLogic's offerings provide deep insights into protein function, interactions, and modifications, which will help accelerate the understanding of complex biology and human health, thereby enhancing Illumina's competitive edge in the biotechnology field.
- Market Outlook: This acquisition not only strengthens Illumina's product portfolio but also has the potential to drive innovation in precision medicine and biomarker development, further solidifying its leadership position in the genomics market.
- Strategic Implications: By integrating SomaLogic's technology, Illumina can expand its influence in biomedical research and clinical applications, which is expected to provide robust support for the company's future growth and profitability.
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Analyst Views on ILMN
Wall Street analysts forecast ILMN stock price to rise
13 Analyst Rating
4 Buy
6 Hold
3 Sell
Hold
Current: 114.440
Low
40.50
Averages
124.12
High
195.00
Current: 114.440
Low
40.50
Averages
124.12
High
195.00
About ILMN
Illumina, Inc. is engaged in providing sequencing-and array-based solutions for genetic and genomic analysis. Its products and services serve customers in a range of markets, enabling the adoption of genomic solutions in research and clinical settings. Its DNA sequencing technology is based on its reversible terminator-based sequencing chemistry, referred to as sequencing by synthesis biochemistry. Its BeadArray technology combines microscopic beads and a substrate in a manufacturing process to produce arrays that can perform many assays simultaneously. Its sequencing applications include whole-genome sequencing kits, which sequence entire genomes of any size and complexity, and targeted resequencing kits, which can sequence exomes, specific genes, RNA or other genomic regions of interest. Its customers include genomic research centers, academic institutions, government laboratories, hospitals, pharmaceutical, biotechnology, commercial molecular diagnostic laboratories, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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