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After opening sharply lower on fears of new competition from Life Technologies, Illumina (ILMN...

After opening sharply lower on fears of new competition from Life Technologies, Illumina (ILMN -0.2%) has pared nearly all of the day's losses after announcing its HiSeq 2500 DNA sequencing system. Illumina claims the system, which will be available in 2H12, is capable of sequencing an entire genome in 24 hours, and will enable new applications for medical researchers.
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