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Pacific Biosciences of California (PACB) investor relations material

Pacific Biosciences of California Morgan Stanley 23rd Annual Global Healthcare Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Morgan Stanley 23rd Annual Global Healthcare Conference summary10 Sep, 2025

Strategic focus and financial management

  • Emphasis on improving gross margins, managing expenses, and progressing toward cash flow breakeven by 2027.

  • Cash burn has improved each quarter in the first half of the year.

  • Focus on clinical customers and international markets to drive steady demand.

  • Strong international growth, with 53% in Asia and 35% in EMEA in Q2.

  • Efforts to improve inventory utilization and prepare for market recovery.

Market dynamics and regional performance

  • U.S. academic funding uncertainty has extended sales cycles and slowed demand.

  • International markets, especially Europe and Asia, benefit from large-scale population sequencing projects and single-payer health systems.

  • China remains volatile due to tariff concerns, but consumable demand is stable.

  • Higher throughput products face more funding anxiety in China, but not at critical levels.

Product innovation and workflow improvements

  • Reduced DNA input requirements from 15 micrograms to 500 nanograms, expanding market access.

  • Automation and ecosystem partnerships have streamlined workflows and reduced capital equipment needs.

  • Launched new applications, including Pure Target and RNA sequencing.

  • Expanded instrument portfolio with Revio, Vega, and upcoming ultra-high throughput systems.

  • Integrated bioinformatics workflows enhance long-read sequencing benefits.

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Frequently asked questions

Pacific Biosciences of California, Inc. designs, develops, and manufactures sequencing systems to resolve genetically complex problems. The company’s single molecule real-time (SMRT™) Sequencing platform enables single molecule real-time detection of biological processes. Its SMRT Sequencing technology provides various applications, including de novo sequencing to assemble a genome from scratch; targeted sequencing to sample specific regions of interest; and epigenetic sequencing to study how environmental factors affect gene expression. It has collaboration with Cold Spring Harbor Laboratory to expand its efforts in developing third-generation DNA sequencing technology.

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