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Sequenom, Inc. Reports Financial Results For The Third Quarter Of 2013
Date:11/7/2013

SAN DIEGO, Nov. 7, 2013 /PRNewswire/ -- Sequenom, Inc. (NASDAQ: SQNM), a life sciences company providing innovative testing and genetic analysis solutions, today reported total revenues of $44.0 million for the third quarter of 2013, an increase of 26% compared to revenues of $34.9 million for the second quarter of 2013, and an increase of 92% compared to revenues of $22.9 million for the third quarter of 2012. 

"We are proud to report record-breaking revenues for the third quarter, which primarily resulted from the continued adoption of the MaterniT21™ PLUS test," said Harry F. Hixson, Jr., Ph.D., Chairman and CEO of Sequenom. "In October, we marked the second anniversary of the launch of Sequenom Laboratories industry-leading noninvasive prenatal test (NIPT) by announcing additional content for our MaterniT21 PLUS test. We began to report the presence of subchromosomal microdeletions and autosomal trisomies for chromosomes 16 and 22. This expansion of the MaterniT21 PLUS test, as part of our Enhanced Sequencing Series, is the result of our continued investment and further validates the importance and value of our pioneering NIPT testing services to health care professionals and their patients."

Revenues in the diagnostics services operating segment from the company's Sequenom Laboratories subsidiary, also doing business as Sequenom Center for Molecular Medicine, were $33.3 million in the third quarter of 2013, up from $24.5 million in the prior quarter and from $12.5 million in the prior year period. For the third quarter 2013, diagnostic revenues accounted for 76% of total revenues, versus 70% in the second quarter of 2013. Revenues from the Sequenom Laboratories operating segment are recorded primarily on a cash basis.

Total tests accessioned increased 87% over the prior year third quarter to 48,300 patient samples during the third quarter o
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SOURCE Sequenom, Inc.
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