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Tuesday, January 11, 2022

Physician Organizations Urge Biden for Greater Pandemic Response Amid Omicron

 Five prominent physician groups representing more than 500,000 members are urging President Biden to implement a more cohesive pandemic response as the nation experiences its largest surge.

The organizations issuing the joint letter include the American Academy of Family Physicians (AAFP), the American College of Obstetricians and Gynecologists (ACOG), the American College of Physicians, the American Psychiatric Association, and the American Osteopathic Association.

Although the groups expressed appreciation for the administration's actions thus far, they suggested further efforts are necessary to stem "an unprecedented surge in COVID-19 cases" and buoy exhausted healthcare workers.

"Our members have been serving on the front lines of the pandemic for nearly 2 years, often at great personal risk and sacrifice," says the letter. "Despite an overwhelmed healthcare system and a consistent lack of adequate support for frontline healthcare workers, they continue to step up, serve their communities, and save lives."

The authors state it is "past time" for leaders at every level of government — from local to federal — to take "bold action." 

"The ongoing public health crisis has led to burnout and fatigue, and this is only exacerbated by a strained, underfunded primary care system," AAFP President Sterling Ransone, MD, told Medscape Medical News. He reiterated the members' concern about the rapid spread of Omicron and "how it has quickly overwhelmed testing and contact tracing capabilities and strained hospital and primary care capacity in many communities."

As of January 7, the CDC's COVID Data Tracker shows the entire country is experiencing high levels of community transmission. Daily new cases have surpassed 800,000, with a seven-day moving average of 670,000 cases, roughly two-and-a-half times last winter's peak.

Vaccines, Testing, Masking, and Distancing

This explosive growth in cases calls for "a long-term multilayered public health response," say the physician organizations. "[V]accination remains our most effective tool for combatting COVID-19, [so] "a strategy that combines vaccination with the effective use of testing and masking is even more urgently needed."  

Attempts to expand access to at-home testing have been grossly ineffective, with demand outstripping supply and Americans struggling to afford the out-of-pocket costs. However, the Biden administration recently released details of its plan for private insurers to cover the cost of at-home tests. The program does not permit reimbursement for tests already purchased, but it will cover up to eight at-home tests per person per month beginning January 15.

Targeted measures can strengthen the public health response, protect families and "ultimately…end the pandemic," say the groups, and should include: 

  • Ensuring public access to at-home and PCR testing

  • Ensuring public access to no- or low-cost high-quality masks

  • Increasing vaccination rates and education regarding booster doses

  • Focusing on "clear, consistent, and proactive public health messaging" to limit confusion and "combat distrust"

  • Supporting the health and well-being of healthcare professionals

The organizations say the government should continue to monitor emerging variants and their impact on primary care clinics as well as invest substantially in updated vaccine formulations and improved treatments. Clinical trials should track vaccine effectiveness against potential variants of concern and "prioritize the safe inclusion of pregnant and lactating individuals" and those with underlying medical conditions in vaccine and treatment development.

Rachel Gandell Tetlow, director of federal affairs at ACOG, told Medscape Medical News its members remain "incredibly concerned about the impact of the pandemic on pregnant individuals, who are at increased risk of severe disease, and the persistent alarmingly low vaccination rates among this population." It is critical, she says, "for the administration to continue to invest in public messaging campaigns to provide education on the safety and protective value of the vaccines."

Ransone says the supplemental public health measures will allow time to increase vaccination rates, particularly among eligible children aged 5-11 and "the large number of adolescents and adults who have not completed the primary series nor received boosters."

https://www.medscape.com/viewarticle/966401

What's the Benefit of a Fourth COVID Vaccine?

 Once, twice, and now three times, many people in the U.S. have rolled up their sleeves to get vaccinated against COVID-19.

But as daily infections break records and hospitals across the country near capacity during the Omicron surge, many people have raised questions about whether they'll need to get a fourth dose.

Some wonder whether their waning antibody levels from a booster shot last September will be protective during this period. Others question whether or not their immune systems would even benefit from continual boosting in the future.

While there is no indication that a fourth shot would be harmful, experts said it is still unclear whether the U.S. should offer another jab to the general population. However, they agreed that additional vaccine doses may begin to provide diminishing returns, and may not be an effective public health strategy moving forward.

"I think it would be premature to move at a wholesale public health policy level to a fourth dose without more data," said Gregory Poland, MD, director of the Mayo Clinic's Vaccine Research Group in Rochester, Minnesota.

High-risk populations are a different story, Poland noted, and fourth dose initiatives have already entered the conversation to protect vulnerable groups in both the U.S. and other countries. As of last week, Israel is the first country to offer a fourth dose to people who are immunocompromised, medical workers, and individuals over age 60. Initial data show that antibody levels after a fourth dose increased by five-fold a week after the shot was administered.

Some Americans with weakened immune systems will also become eligible for a fourth dose as early as this week. In an effort to quash infections with Omicron, the CDC updated its booster recommendations for immunocompromised people, shortening the interval between a third and fourth dose to 5 months.

People in this cohort are either born without fully functioning immune systems, or take medications that prevent their bodies from producing an antibody response. In these cases, experts said it makes sense to offer a fourth vaccine dose.

"Depending on the degree of immunocompromise, many people ... tend to not make very good antibodies, and some make none," said Anne Liu, MD, clinical associate professor of immunology and allergy and infectious diseases at Stanford University in California. A fourth shot is likely to help people who produce low levels of antibodies get to higher levels of protection, and should be offered, Liu added.

The Goal of a Fourth Dose

While the uncertainty around future outbreaks or the emergence of new variants makes it difficult to determine whether or not a fourth dose will be necessary for more people in the U.S., experts said it is critical to understand the goal of a fourth jab before offering it.

Vaccines have two functions: to block infection and to block disease. In immunocompetent people who have received two doses and a booster shot, the current COVID-19 vaccines have "excellent disease-blocking activity," Poland said.

But with Omicron -- a variant characterized by its large number of mutations and high transmissibility -- the vaccines' ability to block infection is less effective.

Alessandro Sette, Dr. Biol.Sci, an immunologist and professor who runs a lab at the La Jolla Institute for Immunology in California, told MedPage Today that if the goal of an additional dose is to provide people with "neutralizing, sterilizing immunity, where no infection can possibly occur," a very high level of antibodies is needed. But as antibodies wane, "that's not the way most situations work," he said.

Data from Israel show that after a third dose of the COVID-19 vaccine, antibodies began to wane around the 10-week mark, leaving individuals susceptible to infection with Omicron. Although preliminary evidence shows a sharp increase in antibody production following a fourth dose, it is unclear how long those antibodies will remain at high levels.

The important thing is that people have expanded memory B-cell and T-cell immunity to block severe disease and hospitalization -- which has continued to be the case with the current vaccines, Sette said.

"The fact that you have memory B cells that can restart an antibody response at any point in time is what matters," he said in an interview.

Sette compared memory B cells to soldiers, shooting bullets (or in this case, antibodies) at an enemy pathogen. If there is no enemy in sight, it would be a waste of ammunition to keep shooting. But the memory of what to do when an enemy arises allows the antibodies to be redeployed. "That is protection," Sette emphasized.

It is possible, however, that an additional jab could be used to quell infections and therefore transmission, though that may not result in the magnitude of benefit some would hope for, experts said. As frequent vaccination could provide diminishing returns, it may not be worth rolling out four or more jabs to the mass population to keep cases down.

Immune System Exhaustion? Unlikely, Experts Say

While concerns have been raised that fourth doses or continued booster shots as the pandemic goes on may be harmful, or cause a sort of immune system fatigue, experts said that immune system exhaustion is an unlikely possibility.

"We are exposed to pathogens on a regular basis, over and over again," Liu said. "It's not like we lose our immunity to them, and not like our T cells get exhausted from that."

Immune system exhaustion may occur in other settings, such as in the case of chronic diseases like HIV, Sette said. As no one is advocating for continued boosting every other day, he added, it's not likely that the immune system would become overwhelmed by boosters that are spread out over time.

However, another possibility is a concept called "original antigenic sin." This occurs when the immune system refines its response to an original strain of a pathogen, making its response against subsequent variants less effective.

Liu said that we have not seen much evidence that original antigenic sin will be detrimental to our vaccine responses against new variants. Regarding both Delta and Omicron, higher antibody levels that have been generated by mRNA vaccines against the original spike protein have been able to overcome the reduced specificity of those antibodies against mutated strains.

"So far, we have gotten lucky in that way," she said. "Hopefully, our luck doesn't run out."

Omicron has already shown an ability to evade immunity in some capacity, and it is not impossible that a future variant could do the same, outsmarting our current vaccines. "The virus is going to continue to change every time we give it the lottery ticket of being able to be transmitted through populations," Poland said.

He added that there is a possibility that we will move towards seasonal COVID-19 vaccines designed to provide immunity against specific strains in the future. Additionally, nasal or oral spray immunizations could arm people with antibodies at the portal of viral entry, and potentially reduce transmission, he noted.

Until more data are collected or future variants emerge, a fourth dose for the widespread population is not on the table. Currently, the U.S. remains focused on ensuring that people who are eligible receive their third dose of the COVID-19 vaccine, CDC Director Rochelle Walensky, MD, said in a media briefing last week. (Though West Virginia has requested permission to begin doing just that.)

Liu said that without oversimplifying complications that may arise as the pandemic continues, the most effective public health strategy is to ensure that more people get their primary series of immunizations.

"I think that focusing on reducing variant formation around the world is good for everybody," she explained. "The more people who get two to three doses, the better position we will be in."

https://www.medpagetoday.com/special-reports/exclusives/96591

Nearly a quarter of hospitals report critical staff shortage as Omicron drives rise in Covid-19 cases

 About 24% of US hospitals are reporting a "critical staffing shortage," according to data from the US Department of Health and Human Services, as public health experts warn the Covid-19 surge fueled by the Omicron variant threatens the nation's health care system.

"Given how much infection there is, our hospitals really are at the brink right now," Dr. Ashish Jha, dean of Brown University's School of Public Health, told CNN on Sunday.
Of the approximately 5,000 hospitals that reported this data to HHS on Saturday, nearly 1,200 -- about 1 in 4 -- said they are currently experiencing a critical staffing shortage, the largest share of the entire pandemic. More than 100 other hospitals said they anticipate a shortage within the next week.
    The US health care system is Jha's greatest concern, he said, noting the Omicron surge could hamper its capacity to care for patients suffering from conditions other than Covid-19.
    "The health care system is not just designed to take care of people with Covid ... it's designed to take care of kids with appendicitis and people who have heart attacks and get into car accidents," he said.
      "And all of that is going to be much, much more difficult because we have a large proportion of the population that is not vaccinated, plenty of high risk people who are not boosted," he said. "That combination sets up a large pool of people who as they get infected will end up really straining the resources we have in the hospitals today."
      These staff shortages are growing as frontline health care workers are either infected or forced to quarantine due to exposure to Covid-19 just as the demand for treatment skyrockets: More than 138,000 Covid-19 patients were in US hospitals as of Saturday, according to the Department of Health and Human Services. That's not far from the all-time peak (about 142,200 in mid-January 2021) and an increase from around 45,000 in early November.
        To safeguard hospital capacity, some facilities are forced to cut elective surgeries. In New York, for example, 40 hospitals -- mainly in the Mohawk Valley, Finger Lakes and central regions -- have been told to stop nonessential elective operations for at least two weeks because of low patient bed capacity, the state health department said Saturday.
        The University of Kansas Health System is also close to implementing crisis standards of care, Chief Medical Officer Dr. Steven Stites said Saturday, telling CNN, "At some point ... we're too overwhelmed to do any of our normal daily work."
        "At that point we have to turn on a switch that says we got to triage the people we can help the most," he said, "and that means we've have to let some people die who we might have been able to help but we weren't sure about -- they were too far gone or had too much of an injury, or maybe we can't get to that trauma that just came in."
        Stites said two waves were hitting Kansas simultaneously -- with Delta accelerating post-Thanksgiving, to be met by Omicron -- describing it as "almost a double pandemic." The vast majority of those being hospitalized are unvaccinated, Stites said.
        Dr. Jonathan Reiner, professor of medicine and surgery at George Washington University, told CNN on Saturday the next several weeks will "look bad in many American cities."
        "Forty hospitals in New York just canceled elective procedures. The DC Hospital Association, where I work, has asked the DC government for permission for hospitals to enact crisis standards of care," he said. "And that's coming to every city in the United States."

        Dear Biden and Fauci, Try Getting a COVID Test Like an Ordinary Citizen

         Leading up to and following the holidays, the Biden administration has continued to urge the general public to test for COVID-19 before gatherings to protect our loved ones and stop the spread of COVID-19.

        That is easier said than done. I imagine for President Biden, getting a COVID-19 test is no sweat, he would just have someone come to his office to swab his nostril, and then report back to him his result. Similarly, Anthony Fauci, MD, director of the National Institute of Allergy and Infectious Diseases, may just have to walk down to his laboratory and get a test.

        For an ordinary citizen, getting a COVID-19 test is more involved and oftentimes takes hours to arrange and necessitates them waiting in long lines. Holiday travel and the rapid spread of Omicron made this even worse.

        Weeks before the holidays, drug stores put up signs, "out of rapid COVID-19 tests." For many, rapid testing is already out of the question.

        I saw this situation firsthand. As a family, we all decided that we should get tested a few days before gathering for the holidays. My husband and I started down the road to getting tested. It was a frustrating experience.

        We got up early and drove for 30 minutes through rush hour to the COVID-19 testing tent at Beth Israel Deaconess Healthcare in Chelsea, Massachusetts. There was a line winding through the parking lot. A traffic guard stopped us saying, "There is no testing today." We called before leaving, but there was no recording warning us of the situation.

        "When will they start testing again?"

        "Maybe this afternoon, maybe tomorrow. Go to St. Rose down the road, there is testing there."

        St. Rose, a local church and testing site, was a mile away. Road construction slowed traffic to a crawl, a two-way street became one-way.

        My husband parked illegally while I ran out to read the sign on the church door: "Sorry the testing time has been changed, M-F 1-4:30 p.m., closed Dec. 24." Underneath, in fine print, the sign listed the old testing times of 8 a.m. to 5 p.m.

        Another unforeseen, frustrating obstacle.

        Disappointed, we drove home and began searching online for another testing site. I found that most sites only accepted testing by appointment and they were all full for the next several weeks. One Walgreens did not require an appointment. I called and was on hold for a long time. While I perused the website, I saw that the cost for a PCR COVID-19 test was $139 (which they would bill to the patient's insurance). After waiting for another 15 minutes, I hung up.

        I went to the St. Rose website and registered and got myself a testing appointment for the following day. However, we really needed to get tested that day to accommodate our holiday plans safely.

        I am an employee of Beth Israel Deaconess Medical Center, so I emailed their employee health team, which has voluntary COVID-19 testing for asymptomatic employees. But because of the holiday crunch, they had halted the program, and were only offering testing for exposed and symptomatic persons.

        Worrying that we might not have the result of the COVID-19 test in time for our holiday gathering, I called the number for the Chelsea testing tent to see if it had reopened. The number just had a recording of their regular time. I resorted to calling their urgent care and was told that it had started testing again.

        We rushed back down and arrived an hour and 15 minutes before closing time only to be turned away by the traffic police, saying the quota had been reached for the day. They told us to come back the next day. No amount of begging could convince him to let us through.

        We then drove the mile back to St. Rose to see if it had opened yet. Luckily, we saw a line had formed, so we joined, and after about an hour, we finally got tested. Once we left, we saw that the line outside the church was even longer than when we arrived.

        As we drove home, we wondered about people who have no access to the internet to find places for testing, elderly persons who have difficulty navigating the websites, the people who don't own cars given that testing sites are not always easily accessible by public transportation, and people who have to take time off work to wait in long lines. My children -- who went to a different testing site in Cambridge -- waited for 3 hours to get their tests. While the administration just announced that private insurers will soon have to begin covering the cost of eight at-home rapid tests for their members, these tests are often difficult to find, and millions of Americans remain uninsured or have public insurance. COVID-19 testing needs to be more accessible.

        I challenge either Biden or Fauci to go down the path that an ordinary citizen has to take just to get a COVID-19 test.

        Kwan Kew Lai, MD, DMD, is an infectious disease physician, Harvard Medical Faculty physician, author, and disaster response medical volunteer. Her third book, The Girl Who Taught Herself to Fly, will be published in late 2022.

        https://www.medpagetoday.com/opinion/second-opinions/96604

        US orders 600K doses of antibody treatment 'to help fight omicron'

         The U.S. is buying another 600,000 doses of a monoclonal antibody treatment from GlaxoSmithKline and Vir Biotechnology, the companies said, as the Biden administration looks to bolster treatment options.

        The GSK and Vir antibody treatment is the only one of three monoclonal antibody treatments that is thought to work well against the omicron variant.

        The deal brings the total doses purchased worldwide to 1.7 million, GSK said. It did not disclose a price for the order. The doses will be delivered throughout the first quarter of 2022, according to the company.

        The GSK and Vir antibody treatment, called sotrovimab, has risen in importance since two other antibody treatments, from Regeneron and Eli Lilly, are thought to lose effectiveness against the omicron variant.

        An earlier trial found sotrovimab reduced the risk of hospitalization or death by 79 percent in people with mild or moderate COVID-19 at high risk of progressing to severe disease.  

        “Data from multiple pseudo-virus and live virus preclinical studies, generated by industry and academia, continue to demonstrate that sotrovimab retains activity against all tested variants of concern and interest,” said George Scangos, CEO of Vir. “We are proud of our ongoing contributions to the fight against the COVID-19 pandemic here in the US and around the world.” 

        The Biden administration has also been working to boost supply of Pfizer’s treatment Paxlovid, which has the advantage that it is a pill, not requiring infusions like antibody treatments.  

        The U.S. last week ordered an additional 10 million courses of the Pfizer pill, bringing the total order to 20 million.  

        https://thehill.com/policy/healthcare/589232-us-orders-600k-doses-of-antibody-treatment-thought-to-work-against-omicron

        UK Analytics Firm Identifies 7 Late-Stage Drugs with Blockbuster Potential

         Although less than two weeks has gone by in the new year, there are already several drug candidates that are pegged as potential blockbusters, ones that would earn more than $1 billion in annual sales should they be approved. U.K.-based Clarivate Plc has identified seven late-stage assets or recently-approved drugs that could hit the billion-dollar per year mark within five years.

        The assets identified by analytics firm Clarivate in its “Drugs to Watch” report cover a broad range of therapeutic areas, including asthma, type 2 diabetes, Alzheimer’s disease and transthyretin amyloidosis. Clarivate said its report highlights experimental treatments that are showing significant promise for the improvement of patient outcomes and will be able to, in turn, finance the next generation of innovative medicines.

        Adagrasib – Developed by Mirati Therapeutics Inc. and Zai Lab Limited, adagrasib is a KRASG12C inhibitor that has the potential to benefit colorectal and lung cancer patients. Last year, at the European Society of Medical Oncology meeting, Mirati presented Phase I/II data from the KRYSAL-1 study that showed adagrasib as a monotherapy and in combination with cetuximab demonstrated significant clinical activity and broad disease control in patients with heavily pretreated colorectal cancer who exhibit the KRASG12C mutation. The data was also positive for those patients with non-small cell lung cancer. The KRYSAL-1 data showed that patients with these indications who received adagrasib saw a disease control rate of 87%. In all enrolled patients, the median progression-free survival was 5.6 months. Clarivate noted that common variants of the KRAS oncoprotein are “traditionally considered intractable drug targets.” The introduction of a KRAS inhibitor for patients with mutation-positive solid tumors could be “monumental” for the patients, Clarivate said.

        Faricimab – Developed by Roche and Chugai Pharmaceutical, faricimab is a bispecific antibody designed for the eye. Last year, Roche’s Genentech filed a Biologics License Application for faricimab in multiple indications: wet, or neovascular, age-related macular degeneration, diabetic macular edema and diabetic retinopathy. Genentech said faricimab is the only bispecific antibody specifically developed for ophthalmological indications. Clarivate noted that faricimab offers a convenient dosing option as it will be administered less frequently than the standard of care. Faricimab targets two distinctive pathways, angiopoietin-2 (Ang-2) and vascular endothelial growth factor-A (VEGF-A). Both of these pathways are related to a number of retinal conditions that can cause vision loss.

        Lecanemab and Donanemab – Developed by Eisai and Biogen, and Eli Lilly, respectively, this combination therapy has the potential to provide a new treatment option for Alzheimer’s disease. Both assets are anti-Aβ monoclonal antibodies. Lecanemab and donanemab could offer differentiated clinical profiles, Clarivate said. Phase III results are expected to be reported in late 2022. Current data across clinical trials suggest that sufficient exposure to optimal doses of anti-Aβ MAb therapy could be clinically effective in early Alzheimer’s disease, Clarivate said.

        Tezepelumab – Developed by Amgen and AstraZeneca, tezepelumab could provide new treatment options for patients with non-TH2 or TH2-low asthma whose symptoms are not well-controlled by corticosteroids. If approved, tezepelumab will likely be a first-line biologic for severe TH2-low asthma and a treatment option for patients with TH2-high asthma, Clarivate said. Tezepelumab is a potential first-in-class medicine that blocks the action of thymic stromal lymphopoietin (TSLP), an epithelial-derived cytokine that plays a key role across the spectrum of asthma inflammation. Tezepelumab has been granted Breakthrough Therapy designation by the U.S. Food and Drug Administration.

        Tirzepatide – Developed by Eli Lilly, tirzepatide, a once-weekly dual glucose-dependent insulinotropic polypeptide (GIP) and glucagon-like peptide-1 (GLP-1) receptor agonist, is showing significant promise in the treatment of type 2 diabetes. In multiple trials, tirzepatide has flexed its muscle demonstrating the ability to generate greater improvements in liver fat content and abdominal adipose tissue, and also effectively address both weight loss and glycemic control in patients as well.

        Vutrisiran – Developed by Alnylam, RNAi drug vutrisiran has shown significant promise in patients diagnosed with polyneuropathy associated with hereditary transthyretin-mediated (hATTR) amyloidosis. Vutrisiran is an investigational, subcutaneously administered RNAi therapeutic being assessed for both hereditary (hATTR) and wild-type (wtATTR) amyloidosis. In the Phase III HELIOS-A study, vutrisiran demonstrated statistically significant improvements in progression of neuropathy. The drug also improved quality of life, gait speed and overall disability compared to placebo. Clarivate said the Alnylam drug offers more convenient dosing than other ATTR-specific drugs on the market.

        https://www.biospace.com/article/british-firm-identifies-seven-late-stage-drugs-with-blockbuster-potential/

        Pac Bio prelims disappoint

         PacBio (NASDAQ: PACB), a leading developer of high-quality, highly accurate sequencing platforms, today announced unaudited preliminary revenue of approximately $36.0 million for its fourth quarter ended December 31, 2021. The Company's full financial results for the fourth quarter and the fiscal year ended December 31, 2021, are not yet available.

        Business Updates:

        ·

        Expect preliminary fourth quarter revenue of approximately $36.0 million, representing an increase of approximately 33% compared with $27.1 million for the fourth quarter of 2020. As a result, preliminary annual 2021 revenue is expected to be $130.5 million, representing a growth of approximately 65% from 2020.

        ·

        Placed a record of 48 Sequel II/IIe systems during the fourth quarter compared to 35 Sequel II/IIe systems placed in the prior year quarter. Sequel II/IIe installed base was, therefore, 374 units as of December 31, 2021, compared with 203 as of December 31, 2020.

        ·

        Announced plans to launch new library prep and sequencing kits for the Sequel II/IIe platform in the first half of 2022. The new kits will lower DNA input requirements by 40% which will enable customers to access more samples than ever before. Additionally, the new kits will simplify users' workflow with >60% reduction in hands-on time and >30% fewer tubes.

        ·

        Developed significant improvements to the Sequel II/IIe platform that will be released in first half of 2022, including on-instrument methylation calling, standardized gene editing QC workflows, and high throughput setup capabilities, including automation scripts for liquid handling.

        ·

        Finalized expansion of collaboration with Invitae Corporation to include PacBio's proprietary, Sequencing by Binding, short-read sequencing platform. The collaboration will initially focus on precision oncology with an emphasis on liquid biopsy and minimal residual disease (MRD).

        ·

        Collaborated with Twist Bioscience to deliver optimized, HiFi-enabled target capture workflows and help our customers obtain high-quality phased data for clinically important targets at lower per sample costs.

        

        Preliminary instrument revenue for the fourth quarter of 2021 is expected to be approximately $16.2 million, compared with $15.9 million for the third quarter of 2021, and compared with $13.6 million for the fourth quarter of 2020. Preliminary consumables revenue for the fourth quarter of 2021 is expected to be approximately $15.0 million, compared with $14.6 million for the third quarter of 2021, and compared with $10.0 million for the fourth quarter of 2020. Preliminary service and other revenue for the fourth quarter of 2021 is expected to be approximately $4.8 million, compared with $4.4 million for the third quarter of 2021, and compared with $3.5 million for the fourth quarter of 2020.

        

        "2021 was a transformational year for PacBio. We dramatically expanded our leadership team, achieved record revenues and Sequel II/IIe installations, and completed the first two acquisitions in company history, enabling us to become the only company with leading long and short-read sequencing technologies. Importantly, we are also collaborating with more customers than ever before to help us demonstrate the power of HiFi sequencing in numerous applications," said Christian Henry, CEO and President of PacBio. "The fourth quarter represented sustained execution on our goals as we achieved record revenue, record Sequel II/IIe placements, and launched our COVID surveillance solution, HiFi Viral, which is PacBio's first kitted sequencing solution. In addition, we made significant progress in developing our highly accurate short-read sequencing platform by implementing a new clustering method to facilitate a more robust workflow. As a result of this early success, we remain on track to launch our new short-read, Sequencing by Binding (SBB) technology, in 2023. I expect 2022 to be an exciting year for the company as we leverage the foundation that we've built in 2021 and enter the late stages of development for multiple new sequencing platforms."

        https://www.marketscreener.com/quote/stock/PACIFIC-BIOSCIENCES-OF-CA-6797675/news/Pacific-Biosciences-of-California-PacBio-Announces-Record-Preliminary-Fourth-Quarter-2021-Revenue-37516228/