For more information, contact:
Sarah Lubeck
(619) 234-8484
sl@sandiegobusiness.org
A San Diego genomics giant is acquiring a San Diego genomics startup. Does it get any better than this?
Recent #SDinUK delegate company and biotech startup Edico Genome has been acquired by local genomics giant Illumina in a deal worth $100 million.
On the heels of EDC's 2017 U.K. trade mission, San Diego-based Edico Genome and Genomics England announced a new partnership to strengthen the accuracy and consistency of next-generation sequencing (NGS) data analysis in Genomics England’s Rare Disease Pilot. The partnership will support Genomics England in making NGS the standard of care across the U.K.’s National Health Service in 2018.
Specifically, the partnership will focus on the analysis pipeline − improving alignment and variant calling of whole-genome sequencing data. Genomics England selected DRAGEN for its industry leading accuracy and speed, enabling the organization to accelerate analysis of large clinical genomic datasets.
Every year, The Scientist, a world-renowned science and innovation publication, looks to highlight “research products introduced in the past year that are poised to revolutionize the life sciences industry.” Half of the “Top 10 Innovations of 2014” list is made up of San Diego companies.
This is no small victory. Companies as far away as Austria, with its HAP1 Cells developed by Haplogen Genomics GmbH, were ranked. In fact, no other city had more than one local company ranked.
The San Diego winners of The Scientist’s Top 10 innovations of 2014 are:
With a strong concentration of research institutes, San Diego has made a name for itself as the genomics capital of the U.S. All of the San Diego-based innovations, with the exception of the exVive3D Liver model, are classified as genomics innovations.
Growing this base of innovative companies is a key focus of EDC’s work. In July, Illumina announced its plans to expand in San Diego, thanks to a 1.5 million tax rebate from the City of San Diego, which will retain and create 300 well-paying jobs locally. Because of this deal, Illumina will continue to develop its local footprint, and attract top scientists to the region.
As San Diego becomes ubiquitous for life sciences innovation, this ranking reiterates that products and innovations developed here have the power to change the world.