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Pacific Biosciences Acquires Single Molecule Sequencing Technology from LI-COR Biosciences
Date:5/27/2008

nd CEO. "We look forward to future collaborations and see the potential for our long history in DNA sequencing and expertise in enzymes and dye development to be of tremendous value to the relationship."

About Pacific Biosciences

Pacific Biosciences is a private company based in Menlo Park, California. The company was founded in 2004 with the goal of developing a transformative SMRT (single molecule real time) DNA sequencing platform that will become the new gold standard for genetic analysis, eventually enabling sequencing of individual genomes as part of routine medical care. Pacific Biosciences' lead investors include Kleiner Perkins Caufield and Byers, MDV- Mohr Davidow Ventures, Alloy Ventures and Maverick Capital among others. The company has also received an Advanced Sequencing Technology Award grant from the NHGRI (National Human Genome Research Institute) to develop the $1,000 genome. More information is available at http://www.pacificbiosciences.com.

CONTACT:

Pacific Biosciences

Martha Trela

VP Marketing

650.521.8012

mtrela@pacificbiosciences.com

About LI-COR(R) Biosciences

LI-COR Biosciences is a leader in the design and manufacture of instrument systems for biotechnology, plant biology, and environmental research. LI-COR is a pioneer in the development of IRDye(R) infrared fluorescence labeling and detection systems for such areas as drug discovery and DNA sequencing for genomic research. The LI-COR Odyssey(R), Aerius(R) and Pearl(TM) Imager systems offer unique infrared imaging solutions for protein analysis of Westerns, micro plate-based assays, and in vivo animal imaging. The LI-COR 4300 DNA Analysis System and associated IRDye reagents are designed to achieve high accuracy results for a variety of genomic research applications.

Founded in 1971, the privately hel
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SOURCE Pacific Biosciences
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