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Cathie Wood's Pacific Biosciences Investment: A Bet on the Future of Genetic Medicine
ByAinvest
Wednesday, Nov 12, 2025 2:40 pm ET1min read
Cathie Wood, CEO of Ark Invest, has purchased 2.1 million shares of Pacific Biosciences (PACB) for her flagship Ark Innovation ETF (ARKK) and 34,000 shares for Ark Genomic Revolution ETF (ARKG). The stock is trading at $1.83 per share and has had an average annualized return of -34% over the past five years. Wood and Ark are betting on Pacific Biosciences to hit it big in the long-read sequencing technology space, despite the company's lack of earnings.
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