10x Genomics has disclosed plans to raise $100 million through an initial public offering, according to a registration statement filed with the U.S. Securities and Exchange Commission—five months after the company was among six up-and-comers recognized by Headquartered in Pleasanton, CA, 10x Genomics is a developer of integrated solutions including instruments, consumables and software for analyzing biological systems at previously inaccessible resolution and scale.10x Genomics markets the Chromium platform designed to enable high-throughput analysis of individual biological components, such as up to millions of single cells. Watch how you can get new insights on the inner workings of biology with 10x Genomics. The SCOOP ratings should not be taken as investment advice. CTRL + SPACE for auto-complete.Clinical OMICs – Molecular Diagnostics in Precision Medicine10x Genomics Graduates from ‘Super Success’ to $100M IPOWe use cookies to give you a better experience on clinicalomics.com. The molecular barcoding and analysis platform consisting of instrumentation, reagents and software was an upgrade of existing short-read sequencers designed to generate a new type of sequencing data, linked reads, capable of delivering long-range information, including haplotype phasing, structural variation, and From that launch through June 30 of this year, 10x Genomics said it has sold 1,284 instruments to researchers worldwide, including 93 of the top 100 global research institutions based on publications, and 13 of the top 15 global pharmaceutical companies based on 2018 revenue.“The key to our success has been rapid non-incremental innovation,” Serge Saxonov, CEO and co-founder of 10x Genomics, told 10x Genomics’ workforce has grown from 110 employees as of December 31, 2015 to 500 employees as of June 30, 2019, according to the S-1 registration statement: “Moreover, we expect that we will need to hire additional accounting, finance and other personnel in connection with our becoming, and our efforts to comply with the requirements of being, a public company.”10x Genomics generated $109.4 million in revenue during the first half of 2019, up nearly 85% from $59.2 million in January-June 2018. 8,304,193, 8,329,407 and 8,889,083—in substantially all of its products that use 10x’s GEM microfluidic chips.The additional $10 million consists of $8,341,368 in supplemental damages based on a 15% royalty rate assessed on the sale of affected products from March 31, 2018 through the date of jury verdict, and $2,202,983 in interest through August 15.In July, Judge Andrews granted Bio-Rad a permanent injunction barring 10x Genomics to sell single-cell analysis solutions using the GEM chips and based on the patents to new customers, though details have yet to be set.10x Genomics has appealed to the U.S. Court of Appeals for the Federal Circuit, and as of June 30 had accumulated $55.3 million toward potential damages related to the Bio-Rad litigation.However, in its preliminary prospectus, 10x Genomics noted that neither the jury verdict nor the injunction related to its Next GEM microfluidic chips and associated consumables, launched in May for three single-cell solutions: Single Cell Gene Expression, Single Cell Immune Profiling and Single Cell ATAC.“We currently expect that, by the end of the third quarter of 2019, all Chromium instruments that we sell will operate exclusively with our Next GEM solutions and that our Chromium products utilizing our Next GEM microfluidic chips will constitute substantially all of our Chromium sales by the end of 2020,” 10x Genomics stated.10x Genomics was incorporated in Delaware on July 2, 2012 as Avante Biosystems, then changed its name twice—to 10x Technologies in September 2012, and to 10x Genomics in November 2014.“In several years, single-cell genomics has gone from being a leading-edge technology, accessible to just a few sophisticated labs, to becoming a mainstream technology,” Tarjei Mikkelsen, PhD, vice president of biology at 10x Genomics,

As for this upcoming IPO, 10X Genomic expects to offer 9 million shares at a range of $31 to $35 and the underwriters include JPM, GS, and BAC. The company will list its … “Based on the capabilities of our current solutions, and focusing solely on cases where our current solutions offer alternative or complementary approaches to existing tools, we believe, based on our internal estimates, we could access approximately $13 billion of the global life sciences research tools market.”The total size of that market exceeds $50 billion, according to the company.10x Genomics launched its first product in 2015 at the 16th annual Advances in Genome Biology and Technology (AGBT), when it introduced the GemCode Platform. All Rights Reserved.

10x Genomics is a California-based single-cell sequencing firm that has priced a larger initial public offering than its initial filing suggested.. Recent News Jul 14 10x Genomics, Collaborators Develop Targeted Single-Cell Gene Expression Methods. Jul 14 10x Genomics: Culture of Collaboration And A New Product Engine.

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