BUZZ-Illumina rises after co set for global launch of cancer test next year

Reuters11-20
BUZZ-<a href="https://laohu8.com/S/ILMN">Illumina</a> rises after co set for global launch of cancer test next year

** Gene-sequencing equipment maker Illumina's ILMN.O shares rise 1.3% to $132.44

** ILMN's TruSight Oncology 500 v2, a cancer test that uses genetic profiling of blood for DNA fragments of tumor, is set to launch globally in mid-2025, co says

** The test kits are now available to ship in the U.S. after FDA approved it and its companion diagnostics in August - ILMN

** Fourteen of 26 brokerages rate the stock "buy" or higher, 11 "hold" and 1 "sell"; their median PT is $162 - LSEG

** Including session's gains, stock had fallen 2.5% YTD vs 3.5% YTD increase in Dow Jones US Health Care index .DJUSHC

(Reporting by Kamal Choudhury)

((Kamal.Choudhury@thomsonreuters.com))

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