Genomics Thread #7

Let's talk about synthetic DNA...
1/ The leader here is Twist Biosciences (TWST).

Through cutting-edge science and manufacturing, they are able to produce synthetic DNA via a silicon chip.

How is this possible?
2/ It seems like science-fiction but the company can "write" DNA instead of just reading it like a normal sequencing process.

It's called phosphoramidite chemistry.

You can read more about the details here: twistbioscience.com/blog/science/s…
3/ Twist didn't create this process but they have definitely improved upon it.

Their process design allows them to make nearly 10,000 genes whereas competitors can't produce at nearly the scale.
4/ The typical synthetic DNA process uses "wells" where oligos (oligonucelotides, 13-25 base pairs of DNA) sit to be cloned.

Twist uses a silicon chip that enables them to add 10,000x the capacity veruses of using "wells."

I'm sure this explanation is overly simplistic but...
5/ Twist has seen success. Its revenue has grown 9x in the past 3 years (from $10 million to $90 million).

Researchers all over the place testify that Twist's synthetic genes are available at the lowest prices in the industry.

And they even have a cool e-commerce checkout!
6/ But why is synthetic DNA even important?

It allows for very controlled experiments that further research and biological products.

For instance, Twist's biggest customer, Gingko Bioworks, used clonal genes to create fake meat that bleeds.

ginkgobioworks.com/2019/02/26/int…
7/ There is a lot of optionality here.

Biopharma companies use synthetic genes to test gene expression and the effects their drugs have on certain patient populations.

Synthetic genes are also important for CRISPR research because many RNA guides need to be created for testing.
8/ Twist is essentially a vertically integrated DNA factory.

You can think of it like a picks-and-shovel play on the genomic revolution. It also companies to do more experiments to accelerate biological product development.
9/ One other thing that seems like science fiction is Twist's DNA storage vision.

They even encoded a Netflix original in DNA code (A,T,C,G). I don't understand it but it's impressive.

synbiobeta.com/twist-bioscien…
End/ Speaking of CRISPR just a few tweets ago, that's where we'll be digging into next...

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More from @investing_city

9 Feb
Genomics Thread #6

Let's talk about liquid biopsies...
1/ A liquid biopsy is usually a blood-based test that can detect cancer.

How?

By detecting either CTC (circulating tumor cells) or ctDNA (circulating tumor DNA). In some studies, ctDNA has been shown to have 100x the concentration as CTC though.
2/ So why is this important?

Well, the standard of care is tissue biopsies. Doctors lop off a piece of the potentially cancerous area (a chunk of your lung for lung cancer for instance) to verify if cancer exists.

However, tissue biopsies are inferior in a few ways...
Read 12 tweets
3 Feb
Genomics Thread #5

We've already laid the groundwork for understanding DNA, and some parts of the sequencing value chain but now let's talk about genetic testing...
1/ You can think of genetic testing companies as platforms built on top of genome sequencing companies.

Some of the players here are 23andme, Ancestry, Invitae, Fulgent and Natera.

Interestingly, 23andme might come public via SPAC soon: bizjournals.com/sanjose/news/2…
2/ Ancestry and 23andme are probably the most popular DTC genetic testing companies. You receive a test kit, swab your cheek and then you can get insights into your familial history, etc.

However, the DTC market has been more difficult than servicing health care providers.
Read 12 tweets
2 Feb
Genomics Thread #4

Today we're talking about synthetic long-read companies like 10x Genomics and Bionano Genomics...
1/ In the last thread, we discussed the differences between SRS and LRS (go back and read if you need a refresher).

SRS is owned by Illumina and they have brought costs down a crazy amount.

LRS is being pioneered by PacBio and Oxford Nanopore.
2/ But in the past 5 years, there has been a lot of innovation in synthetic long-read sequencing.

The leader here is 10x Genomics.

Broadly speaking, using 10x's Chromium system, researchers can get comparable read lengths at a lower cost than true LRS.
Read 12 tweets
29 Jan
Genomics Thread #3

Let's move onto some companies!

Up first is Pacific BioSciences...
1/ When talking about genomics, the first company that comes to mind for people is likely Illumina.

They really led the charge in short-read sequencing and played a HUGE role in decreasing the overall costs to sequence a genome.
2/ Even now, Illumina has roughly 90% market share in all DNA that has been sequenced. In other words, it's the real giant in this space.

However, the next decade looks more uncertain for Illumina because long-read sequencing is actually superior in some important ways.
Read 16 tweets
28 Jan
Genomics Thread #2

Let's talk about gene sequencing...
1/ The first genome was sequenced in 1977 by Fred Sanger of a bacteriophage.

The first human genome wasn't sequenced until 2003 after 13 years of research through the Human Genome Project.

It took $3 billion (apparently $1 for each base pair 😅)
2/ In the past two decades, the cost of sequencing DNA has declined at an astounding rate.

From $3 billion with the Human Genome Project to well under $1,000 today.
Read 10 tweets

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