General Electric Company Global Research Receives Major NHGRI Research Grant To Enable Faster, More Cost-Effective DNA Sequencing

NISKAYUNA, N.Y.--(BUSINESS WIRE)--GE Global Research, the centralized research organization of the General Electric Company (NYSE: GE), today announced that it has received a $900,000 grant from National Human Genome Research Institute (NHGRI), part of the National Institutes of Health (NIH), to develop breakthrough technologies that will enable a human-sized genome to be sequenced for under $1,000 and take less than one day to complete. With current technology, the cost is now estimated to be between $10 million to $50 million and the time of sequencing takes at least one year.

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