Illumina Inc. (ILMN:NASDAQ)

EraGen Biosciences, Madison, has formed a strategic partnership with Illumina, a publicly traded company in San Diego, to market their products together through non-exclusive licensing agreements. Illumina will use EraGen's reagents for the life sciences, research and clinical markets.

A Madison maker of genetic tests said Wednesday it has formed a strategic partnership with Illumina Inc., a large maker of high-speed gene analysis equipment. EraGen Biosciences Inc. also said it has forged several non-exclusive licensing agreements with Illumina that will allow it to use some of its technology to continue developing its genetic tests.

Institute Purchases Additional 30 GAIIx Systems. Illumina, Inc. today announced that the Broad Institute has purchased 30 additional Genome Analyzers, increasing its total installed base of Illumina systems to 89.

Among the stock activity stories for Wednesday, Oct. 28, from AP Financial News: NEW YORK _ Shares of Illumina Inc. skidded after the maker of genetic analysis instruments reported third-quarter results and 2009 guidance below analyst estimates.

Shares of Illumina Inc. skidded Wednesday after the maker of genetic analysis instruments reported third-quarter results and 2009 guidance below analyst estimates. Illumina stock lost $8.02, or 19.3 percent, to $33.64 in heavy afternoon trading.

ILMN: Downgraded - The firm lowered shares from Outperform to Neutral with a price target of $35.

Illumina, Inc. today announced its financial results for the third quarter of 2009. For the third quarter of 2009, Illumina reported revenue of $158.4 million, a 5% increase over the $150.3 million reported in the third quarter of 2008. Gross margin in the third quarter of 2009 was 67.6% compared to 62.0% in the comparable period of 2008.

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