Helicos pins turnaround on cost cuts, partner search - San Francisco Business Times:

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Officials at the Cambridg company hope cost cuts late last year and current efforts to find a partner to take over the salews part of the busines s will put it on morefinancial footing. Helicos is the maker of the Helicos GeneticdAnalysis System, which has the capability of reading long genetif sequences at a fraction of what it usually costs. This technology could make it easie r to learn abouta person’s genetic including his or her predispositiohn to certain diseases.
The company has the support of big-nams scientists — George Church, the and Massachusett Institute of Technology professor who helped initiate the Humajn Genome Projectin 1984, sits on the company’ s scientific advisory board. Helicos realized product revenue for the first time in the firsg quarter of2009 — $963,000 from the sale of one systemn to in late 2008. The compan has sold a second unit, just last month, to an undisclosed compang in Maryland.
Helicos has also placex a few systemsat institutions, includin g the Broad Institute and the , on a “trh before you buy”