Amgen invests £50 million in Oxford Nanopore
Amgen (Nasdaq: AMGN) has invested £50 million ($66 million) in Oxford Nanopore, a privately-owned, UK-based company working on genetic sequencing.
The firm’s technology uses nanopores - nano-scale holes made by proteins - in combination with electronics to perform direct, real-time sequencing of DNA and RNA.
Amgen says its investment is in line with a strategic focus on using human genetics. The firm already uses Oxford Nanopore's sequencing technologies, through its subsidiary deCODE Genetics.
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