By: Alex Philippidis
A researcher loads PacBio's Revio™ long-read system for a sequencing run. PacBio shares plummeted 51% on Tuesday after the long-read sequencing giant reversed its earlier “guidance” forecast to investors for 5% operating expense growth this year, revealing instead plans to cut its annual operating expense run rate by $50 million to $75 million. [PacBio]