Helicos BioSciences HLCS Stock Set to Jump

September 8, 2009 - Shares of Helicos BioSciences Corporation (HLCS) are set to pop this morning as the company has sold multiple HeliScope Sequencers to RIKEN Institute. HLCS stock is indicated to open up 12% to $2.80.

Helicos Sells Multiple HeliScope Sequencers to RIKEN Institute

Single Molecule Sequencing Technology Will Play Integral Role in Japan's National Sequencing Center

Helicos BioSciences Corporation (NASDAQ:HLCS) today announced that the RIKEN Yokohama Institute Omics Science Center (OSC) has agreed to purchase four Helicos(TM) Genetic Analysis Systems. The transaction represents the first multisystem sale of the Helicos system to a large genome center. Shipments are expected to take place in September, with one system remaining in Cambridge to be used in a scientific collaboration between the two parties that began last year.

RIKEN's OSC recently received funding from the Japanese government to assume the role of the country's primary national DNA sequencing center. As part of Japan's renowned RIKEN, the OSC has the unifying objective of developing a multi-purpose, large-scale analysis center to elucidate molecular networks in biological systems. A major component of the national project for the RIKEN OSC is the "Cell Innovation Project", which is aimed at understanding cell function at the molecular level using next-generation and single-molecule sequencing technologies. Full Article

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