ASeq Newsletter • 51 implied HN points • 11 Jan 25
- Ultima Genomics has won a significant project with the UK Biobank to analyze 700,000 samples. This partnership is a major step for them in the field of proteomics.
- Despite the project size, Ultima is expected to generate only $10 million to $20 million in revenue. This highlights the tough financial realities in the biotech industry.
- To stay viable, Ultima needs to secure more large projects, as its costs are high. Achieving the necessary volume of work may be challenging given the current economic situation.