NEW YORK – MGI Tech reported on Friday that its first-half 2023 sequencing revenues rose 40 percent while total revenues dropped 39 percent.
For the half year ended June 30, the Chinese next-generation sequencing technology company booked RMB 1.10 billion ($151.7 million) in sequencing revenues, according to the firm’s filing with the Shanghai Stock Exchange. Of those, instrument revenues totaled RMB 458.8 million, a 36 percent increase from the same period in the prior year. Consumable revenues were RMB 623.6 million, up 42 percent from…
