Gen-Probe Invests $50M In Pacific Biosciences

San Diego-based scientific instruments maker Gen-Probe has invested $50M in a Northern California firm developing DNA sequencing technology, Pacific Biosciences. According to the two firms, Gen-Probe made the investment as part of a larger Series F funding round for Pacific Biosciences. The two also said they will collaborate on developing new integrated clinical diagnostics systems based on Pacific Biosciences' Single Molecule Real Time (SMRT) platform. More information »