Il­lu­mi­na, the world’s largest DNA se­quenc­ing com­pa­ny, cut its sales fore­cast for 2023 as de­mand slumped in Chi­na, and al­so an­nounced that two ex­ec­u­tives will de­part.
In quar­ter­ly re­sults re­leased to­day, the San Diego-based com­pa­ny record­ed $1.18 bil­lion in rev­enue. It ex­pects a 1% in­crease in rev­enue in 2023, re­vis­ing down a 7% to 10% growth…