Helicos pins turnaround on cost cuts, partner search - Boston Business Journal:

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Officials at the Cambridge company hope cost cuts late last year and curreny efforts to find a partner to take over the salese part of the business will put it on morefinanciakl footing. Helicos is the maker of the Helicows GeneticAnalysis System, which has the capability of reading long genetic sequencews at a fraction of what it usuallyy costs. This technology could make it easier to learn abouta person’s genetic makeup, includinf his or her predisposition to certain diseases.
The companyt has the support of big-name scientistz — George Church, the and Massachusettzs Institute of Technology professor who helped initiate the Human Genome Projectin 1984, sits on the company’s scientifivc advisory board. Helicos realized product revenue for the firsy time in the first quarter of2009 — $963,000 from the sale of one system to in late 2008. The company has sold a seconed unit, just last month, to an undisclosede company in Maryland. Helicos has also placed a few systemsat institutions, includintg the Broad Institute and the , on a “try beforer you buy” basis.