Ultima Genomics signs development agreement with Regeneron aimed at driving the scale of genomic information for drug discovery and development

NEWARK, Calif., July 12, 2022 /PRNewswire/ -- Ultima Genomics, Inc. (the Company) has signed an agreement with Regeneron Pharmaceuticals, Inc. (Nasdaq:REGN) to further advance Ultima Genomics' sequencing architecture. Under the terms of the agreement, Regeneron will collaborate with Ultima on the development and testing of Ultima's second-generation sequencing platform, which will build upon the advances of the Company's first instrument, the UG100^™ anticipated to launch in 2023. In conjunction with the agreement, Regeneron, who is currently part of the early access program for the UG100^™, will also become an investor in Ultima.  The primary objective of the collaboration between Ultima and Regeneron is to enable affordable high-throughput sequencing for large-scale genomic analysis and to accelerate insights and discoveries that will profoundly impact life sciences research around the world.