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Illumina Inc. (ILMN) Leaped To A New High On Thermo Fisher Scientific Deal

Illumina Inc. (ILMN) announced Tuesday morning that it has entered into an agreement with Thermo Fisher Scientific (TMO) that will allow Illumina to sell Ion AmpliSeq technology directly to its customers.

Illumina gapped up sharply Tuesday and climbed during the first 2 hours of trade, before settling into a range. The stock was range-bound for the rest of the session and closed up by 15.74 at $242.80 with volume at a 5-month high. Illumina broke out of a month and a half long trading range and set a new high for the year.

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