Pacific Biosciences of California, Inc. (PACB) NASDAQ

Currency In USD

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Pacific Biosciences of California, Inc.

Address

1305 O’Brien Drive

Menlo Park, CA 94025

United States of America (the)

Phone

650 521 8000

Sector

Healthcare

Industry

Medical - Devices

Employees

485

First IPO Date

October 27, 2010

Key Executives

NameTitlePayYear Born
Mark Van OeneCEO, President & Director977,1901973
Stephen TurnerCo-Founder341,2501968
James R. GibsonCFO & Principal Accounting Officer700,5061970
Christian O. HenrySenior Business Advisor & Director1.46M1968
Natalie WelchChief People Officer0N/A
Brett AtkinsGeneral Counsel & Corporate Secretary0N/A
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Description

Pacific Biosciences of California, Inc. (PACB) specializes in pioneering and manufacturing advanced genetic sequencing platforms, empowering researchers and institutions to unravel intricate genetic challenges. At the heart of its offerings are the proprietary PacBio Sequencing Systems, designed for executing, monitoring, and interpreting biochemical sequencing reactions. Complementing these instruments are essential consumable products, such as their unique single molecule real-time (SMRT) cells. Furthermore, the company supplies a comprehensive suite of workflow-specific reagent kits. These include template preparation kits, which utilize molecular biology reagents (like ligase, buffers, and exonucleases) to convert DNA into SMRTbell double-stranded DNA libraries. Binding kits, featuring modified DNA polymerase, facilitate the crucial attachment of SMRTbell libraries to the polymerase in readiness for sequencing. Finally, specialized sequencing kits contain all necessary reagents, including phospholinked nucleotides, for real-time sequencing directly on their instruments. Pacific Biosciences caters to a broad global clientele, encompassing prominent research institutions, commercial diagnostic laboratories, large-scale genome centers, public health organizations, hospitals, clinical research institutes, contract research organizations (CROs), academic bodies, pharmaceutical firms, and agricultural enterprises. Product commercialization is managed through a direct sales force across North America and Europe, complemented by a robust network of distribution partners spanning Asia, the Middle East, Africa, and Latin America. A significant strategic alliance includes a development and commercialization agreement with Invitae Corporation. Originally incorporated in 2000 as Nanofluidics, Inc., the company adopted its current name, Pacific Biosciences of California, Inc., in 2005. Its corporate headquarters are situated in Menlo Park, California.

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