3 unchanged sentences
We have built deep expertise across diverse disciplines including chemistry, biology, hardware and software.
−Removed: Innovations in all of these areas have enabled our rapidly expanding suite of products, which allow our customers to interrogate biological systems at previously inaccessible resolution and scale.
−Removed: Our products have enabled researchers to make fundamental discoveries across multiple areas of biology, including oncology, immunology and neuroscience, and have helped empower the single cell revolution hailed by Science magazine as the 2018 “Breakthrough of the Year.” Our products have won many awards, including among others the technological advancements in single cell multimodal omics hailed by Nature Methods journal as the 2019 “Method of the Year” and the technological advancements in spatially resolved transcriptomics hailed by Nature Methods journal as the 2020 “Method of the Year.” Through our compatible partner program, we and our two long read sequencing company partners launched products and protocols providing the ability to obtain full-length isoforms at single cell resolution.
−Removed: This groundbreaking capability was highlighted as part of the Nature Methods 2022 “Method of the Year” Long-read sequencing.
−Removed: Since 2015, a total of seven 10x products have been recognized by The Scientist magazine on their annual Top 10 Innovations list, an annual list of newly released products that have the potential to generate the biggest impact on scientific research.
+Added: Innovations in all of these areas have enabled the deployment of our rapidly expanding suite of products, which allow our customers to interrogate biological systems at previously inaccessible resolution and scale.
+Added: Our products have enabled researchers to make fundamental discoveries across multiple areas of biology, including oncology, immunology and neuroscience.
Since launching our first product in mid-2015 through December 31, 2024, we have sold 7,039 instruments to researchers around the world, including academic and translational researchers and biopharmaceutical companies.
−Removed: We believe that we remain in the very early stages of our penetration into multiple large markets.
−Removed: We expect that 10x will power a “Century of Biology” in which many of humanity’s most pressing health challenges will be solved by precision diagnostics, targeted therapies and cures to currently intractable diseases.
−Removed: The “10x” in our name refers to our focus on opportunities with the greatest potential for exponential advances and impact.
−Removed: We believe that the scientific and medical community currently understands only a tiny fraction of the full complexity of biology.
−Removed: The key to advancing human health lies in accelerating this understanding.
−Removed: The human body consists of over 40 trillion cells, each with a genome of 3 billion DNA base pairs and a unique epigenetic program regulating the transcription of tens of thousands of different RNAs, which are then translated into tens of thousands of different proteins.
−Removed: Progress in the life sciences will require the ability to measure biological systems in a much more comprehensive fashion and to experiment on biological systems at fundamental resolutions and on massive scale, which are inaccessible with previously existing technologies.
−Removed: We believe that our technologies overcome these limitations, unlocking fundamental biological insights essential for advancing human health.
−Removed: Our product portfolio consists of multiple integrated platforms that include instruments, consumables and software.
−Removed: These integrated solutions guide customers through the workflow from sample preparation to analysis and visualization.
−Removed: Each of our platforms is designed to interrogate a major class of biological information that is impactful to researchers at high resolution and scale:
−Removed: • Our Chromium platform enables high-throughput analysis of individual biological components.
−Removed: It is a precisely engineered reagent delivery system that divides a sample into individual components in up to a million or more partitions, enabling large numbers of parallel micro-reactions.
−Removed: In this manner, for example, the individual single cells of a large population of cells can be segregated so that each cell resides in its own partition.
−Removed: Each partition then behaves as a micro-scale reaction vessel in which its contents are barcoded with a DNA sequence that specifically identifies those contents as being distinct from the contents of other partitions.
−Removed: Once biological material in each partition is barcoded, they can then be pooled and sequenced together.
−Removed: Finally, the barcode sequences can be used to easily tease apart information originating from different partitions.
−Removed: Our approach to partitioning and barcoding gives researchers the ability to measure many discrete biological materials and/or perform many different experiments in parallel, providing tremendous resolution and scale.
−Removed: Our Chromium platform offers comprehensive solutions to measure tissues at single cell resolution and scale.
−Removed: Chromium enables multiomic readouts including gene expression, protein, chromatin, V(D)J, CRISPR/guide RNAs (gRNAs) and antigens, has broad sample compatibility (formalin-fixed paraffin-embedded (FFPE), fresh, frozen and paraformaldehyde (PFA) fixed tissue and whole blood) and delivers high performance including high cell recovery rates (CRE), high sensitivity, robustness and reproducibility.
−Removed: • Our Visium platform empowers researchers to identify where biological components are located and how they are arranged with respect to each other, otherwise referred to as “spatial analysis.” Our Visium platform uses high density DNA arrays which have DNA barcode sequences that encode the physical location of biological analytes within a sample, such as a tissue section, allowing the spatial location of the analytes to be “read out” using sequencing to create a visual map of the analytes across the sample.
−Removed: Similar to partitioning, spatial barcoding with large numbers of probes on an array can unlock tremendous insights, providing high resolution genomic information to visualize analytes across biological tissues.
−Removed: • Our Xenium platform for in situ analysis is designed to give scientists the ability not only to locate and type cells in their tissue context, but also to address a variety of specific questions based on previous knowledge of their sample often discovered using our Chromium and Visium platforms.
−Removed: Xenium In Situ detects and preserves the cellular localization of hundreds of RNA targets directly in a fresh frozen or FFPE tissue section without the need for conventional sequencing, providing researchers with a detailed map of gene expression patterns without sacrificing resolution or target number.
−Removed: Collectively, our platforms enable researchers to interrogate, understand and master biology at the appropriate resolution and scale.
−Removed: A summary of our solutions based on the platforms follows below.
−Removed: We believe our platforms, which enable a comprehensive view of biology, target numerous market opportunities across the more than $67 billion global life sciences research tools market.
−Removed: We view much of this total market opportunity as ultimately accessible to us due to our ability to answer a broad diversity of biological questions.
−Removed: Based on the capabilities of our current solutions and focusing solely on cases where our current solutions offer alternative or complementary approaches to existing tools, we believe, based on our internal estimates, we could access approximately $16 billion of the global life sciences research tools market.
−Removed: We believe we can further drive growth by improving or enabling new uses and applications of existing tools and technologies, as our solutions allow researchers to answer questions that may be impractical or impossible to address using existing tools.
−Removed: We also expect to pursue additional opportunities that will further expand our opportunity, including new potential applications of our single cell, spatial and in situ technologies in the future.
−Removed: As of December 31, 2023, we employed a commercial team of 450 employees, many of whom hold PhD degrees, who help drive adoption of our products and support our vision.
−Removed: We prioritize creating a superior user experience from pre-sales to onboarding through the generation of novel publishable discoveries, which drive awareness and adoption of our products.
−Removed: We have a scalable, multi-channel commercial infrastructure including a direct sales force in North America and certain regions of Europe and distribution partners in Asia, certain regions of Europe, Oceania, Central America, South America, the Middle East and Africa that drives our customer growth.
−Removed: This is supplemented with an extensive and highly specialized customer service infrastructure with PhD-level specialists.
−Removed: We currently have customers in over 50 countries.
−Removed: Our revenue was $618.7 million and $516.4 million for the years ended 2023 and 2022, respectively, representing a year-over-year growth rate of 20%.
+Added: Our revenue was $610.8 million and $618.7 million for the years ended 2024 and 2023, respectively, representing a year-over-year decrease of 1%.
We generated net losses of $182.6 million and $255.1 million for the years ended 2024 and 2023, respectively.
−Removed: The complexity of biology
−Removed: Biology is staggeringly complex.
−Removed: The cell is the basic, fundamental organizational unit of all biological organisms.
−Removed: A human being starts from a single cell, which divides into over 40 trillion cells–such as blood cells, skin cells, muscle cells, bone cells, stem cells and neurons–to create the tissues that enable all necessary functions in the human body.
−Removed: These cells utilize the basic building blocks of DNA, RNA and protein, configured in cell-specific ways.
−Removed: DNA, the hereditary material of living organisms, is the foundation for a series of biological processes that form the basis for biology and how cells function.
−Removed: DNA is transcribed into messenger RNA (mRNA) in a process referred to as transcription or, alternatively, gene expression.
−Removed: Information from the mRNA molecules is then translated into protein in a process called translation.
−Removed: Each gene has the ability to create multiple different mRNAs, resulting in the production of over 100,000 different
−Removed: mRNAs from about 30,000 genes.
−Removed: The complete collection of all of the DNA, mRNA and proteins are called the genome, transcriptome or gene expression profile, and the proteome, respectively.
−Removed: The epigenome includes molecular configurations and chemical DNA modifications that affect how genes are regulated.
−Removed: The genome, epigenome, transcriptome and proteome can be distinct for each of the trillions of cells in the human body and collectively constitute a rich architecture of biology.
−Removed: Industry direction
−Removed: The 20th century discovery of DNA, RNA, protein and the basic molecular and cellular mechanisms of their function paved early foundations for humanity to understand our own biology.
−Removed: In the early 2000s, the study of biology shifted from focusing on individual genes and their products to a more global level of characterizing the full collection of DNA, RNA and proteins and how they interact, giving rise to the field of genomics.
−Removed: Genomics is a broad, highly interdisciplinary field that approaches the study of biology at a system-wide level.
−Removed: We believe that genomics-based approaches will encompass much of biology and medical applications in the coming decades.
−Removed: The Human Genome Project, which was completed in 2003, determined a reference sequence of the three billion nucleotides of the human genome as a composite over several individuals.
−Removed: This reference sequence provided an initial “parts list” of genes, enabling researchers to begin understanding human biology at a global molecular level.
−Removed: The subsequent two decades of genomic research in many ways have been defined by genome-wide association studies (“GWAS”) and large-scale sequencing of individuals and populations.
−Removed: The goal was to compile all of the genetic variants in human populations and to link those variants to different conditions, traits and diseases.
−Removed: These associations would serve to generate clues and hypotheses that can be tested by subsequent experimentation to understand the detailed biology of each gene and variant.
−Removed: Both of these efforts have provided substantial value and have been foundational in enabling multiple new research and clinical applications.
−Removed: However, much of the initial promise of the Human Genome Project and subsequent GWAS projects remains unfulfilled.
−Removed: We believe this is ultimately due to the tremendous underlying complexity of biology.
−Removed: The human genome project provided a list of parts and subsequent GWAS projects looked for statistical links between these parts and various diseases and traits.
−Removed: Going forward we need to understand the biological function of each gene and all the molecular and cellular networks they encode.
−Removed: Genomics needs to expand from its focus on the genome and statistical associations to the study of biology more broadly.
−Removed: This presents an enormous challenge because of the limited capabilities of existing tools for accessing biology at the molecular and cellular level.
−Removed: Some of these limitations are:
−Removed: • Average, or “bulk,” measurements obscure underlying differences between different biological units, such as individual cells;
−Removed: • Low throughput prevents requisite sampling of the underlying complexity—for example, when only a few hundred cells can be evaluated at a time;
−Removed: • Limited number of biological analytes are interrogated, giving a myopic view of only a few biological processes;
−Removed: • Limited ability for multiomic interrogation;
−Removed: • Inefficient use of sample to generate a signal of sufficient strength to analyze the biological molecules of interest;
−Removed: • Inadequate bioinformatics and software tools.
−Removed: We believe technologies that address these limitations will serve large and unmet market needs by providing a better understanding of molecular and cellular function, the origin of disease and how to improve treatment.
−Removed: Measure the full complexity of biology .
−Removed: A major need is for an in-depth cataloging of biological complexity.
−Removed: This will involve going from a basic biological parts list to a detailed map of exactly how all of these parts are used and interact in both healthy and disease states.
−Removed: Researchers and clinicians need to characterize every cell in the human body to understand how cell-to-cell variations in genomes, epigenomes, transcriptomes and proteomes give rise to function or dysfunction.
−Removed: They also need to characterize every tissue at a full molecular and cellular level, including how cells are arranged together into spatial patterns that affect function, give rise to disease or impact treatment.
−Removed: For example, in the context of cancer biology, many tumors consist of a heterogeneous population of healthy and cancerous cells, the latter of which may consist of genetically distinct subpopulations that are susceptible to different therapeutics.
−Removed: Furthermore, different spatial patterns of cancer antigens may require different treatment approaches.
−Removed: Without being able to see cells and molecules in their spatial context it is difficult to fully understand tumor resistance and how cells interact with one another within the tumor microenvironment and enable targeted therapies.
−Removed: Massively parallelize experimentation .
−Removed: Mastering biology will require moving beyond the cataloging of biological complexity and into performing experiments to understand the impact of active changes to biological systems.
−Removed: We believe technologies that enable measurement of massively parallel perturbation and the impact of these perturbations will be important for accelerating biological and medical discovery.
−Removed: For example, an unmet goal of researchers has been to compile all of the genetic variations in human populations and link those variations to different conditions, traits and diseases.
−Removed: Linking these variations to disease requires the analysis of the impact of these variations within different systems, alone and in various combinations.
−Removed: Technologies that enable these variations to be created in arbitrary combinations within various biological contexts and the impact of these combinations measured in a massively parallel fashion will highly accelerate this work.
−Removed: In another example, a longstanding need of researchers has been to predict the interactions between immune cells and the target molecules they can recognize.
−Removed: The human body can make over a trillion different immune cells that are collectively capable of recognizing and mounting a response to nearly any conceivable antigen.
−Removed: We believe that understanding, and ultimately harnessing, this targeting will require technologies that can enable the massively parallel screening of interactions between a set of recognizing immune cells and a set of synthetic antigen target molecules.
−Removed: We believe technologies that address these needs will redefine biological discovery and power a “Century of Biology” in which many of humanity’s most pressing health challenges will be solved by precision diagnostics, targeted therapies and cures to currently intractable diseases.
−Removed: Our solutions
−Removed: We have built and commercialized multiple platforms that allow researchers to interrogate, understand and master biological systems at a resolution and scale commensurate with the complexity of biology.
−Removed: We believe that our products overcome the limitations of existing tools.
−Removed: Our vision, discipline and multidisciplinary approach have allowed us to continuously innovate to develop the instruments, consumables and software that underlie our solutions.
−Removed: Our technological imperatives:
−Removed: resolution and scale
+Added: In the years ended December 31, 2024 and 2023, we sold 1,073 and 1,336 instruments and 357,100 and 347,000 consumable reactions, respectively.
+Added: Our portfolios
Resolution and Scale are the imperatives that underlie our products and technology.
−Removed: First, our solutions enable understanding biology at the right level of biological resolution, such as at the level of the single cell or at high spatial resolution of tissues and organs.
+Added: First, our solutions are designed to enable understanding biology at the right level of biological resolution, such as at the level of the single cell or at high spatial resolution of tissues and organs.
Second, we believe that high resolution tools only become truly powerful when they are built into technologies with tremendous scale.
−Removed: Measuring individual cells, spatial portions of tissues or molecular interactions in small numbers is insufficient.
−Removed: Our products enable measuring and manipulating up to millions of single cells or thousands of tissue sample positions.
−Removed: Thus, our products provide the appropriate levels of both resolution and scale in a manner that allows researchers to easily sift through the complexity to access the underlying biology.
−Removed: Our platforms
−Removed: Our platforms are integrated solutions comprised of instruments, consumables and software.
−Removed: They are built with our expertise in chemistry, molecular biology, microfluidics, hardware, computational biology and software engineering.
−Removed: All of our products begin with a researcher’s sample (such as a collection of thousands to millions of cells or a slice of fresh frozen or FFPE tissue).
−Removed: Our Chromium platform performs high-throughput barcoding to construct libraries that are compatible with standard third-party sequencers.
−Removed: Our Visium platform allows researchers to combine spatially resolved whole transcriptome measurements across tissue sections with a high-resolution image.
−Removed: Up to millions of unique, arrayed barcodes that represent a spatial location allow for analytes to be captured from tissue, spatially barcoded and then mapped back to their original tissue location after sequencing.
−Removed: Our Xenium platform includes the Xenium Analyzer, a fully automated instrument that integrates sample handling, liquid handling and imaging.
−Removed: In this workflow, targeted probes are hybridized to tissue sections on Xenium slides, which are then processed on our Xenium Analyzer.
−Removed: Sequencing is not required.
−Removed: Our proprietary software then provides turn-key analysis pipelines and intuitive visualization tools for all of our platforms that allows researchers to easily interpret the biological data from the samples.
−Removed: Our Chromium platform
−Removed: Our Chromium platform, which includes our Chromium X Series, Chromium Connect and legacy Chromium Controller instruments, microfluidic chips and related consumables, enables high-throughput analysis of individual biological components.
−Removed: The Chromium instruments serve as precisely engineered reagent delivery systems that divide a sample into individual components in up to a million or more partitions, enabling large numbers of parallel micro-reactions.
−Removed: The Chromium platform can be used to partition not only single cells, but also other biological materials such as cell nuclei and DNA molecules.
−Removed: The large numbers of partitions generated using our Chromium products can be used for analyzing samples at high resolution and on
−Removed: massive scale.
−Removed: We pair a partitioned sample with our proprietary gel beads bearing barcodes that allow researchers to uniquely identify the contents of each partition and distinguish them from contents of other partitions.
−Removed: We refer to the partitions that are generated on our Chromium platform as “GEMs,” which stands for Gel beads in EMulsion.
−Removed: We collectively refer to our partitioning and barcoding technologies as our GemCode technology.
−Removed: Our Chromium X and iX, Chromium Connect and microfluidic chips .
−Removed: Our Chromium consumables run on our Chromium instruments.
−Removed: Our Chromium iX instrument is capable of running our Standard Throughput consumables.
−Removed: Our Chromium X instrument is capable of running our Standard and High Throughput consumables.
−Removed: Customers are able to purchase a license that upgrades their Chromium iX to a Chromium X, unlocking the ability to run our High Throughput consumables.
−Removed: We have designed our instruments to be widely accessible to researchers and each of these instruments has a form factor that easily fits on a standard laboratory bench.
−Removed: Our Chromium instruments operate exclusively with our microfluidic chips, which are highly engineered single-use devices that process samples and reagents.
−Removed: During our Chromium workflows, the researcher loads a sample onto the microfluidic chip along with our proprietary gel beads and oils.
−Removed: The loaded chip is inserted into the Chromium instrument, which facilitates the generation of GEMs that contain sample and gel beads.
−Removed: Our Chromium Connect product is an automated Chromium instrument that incorporates liquid handling robotics to automate our workflow and can be utilized with our Single Cell Gene Expression, Single Cell Gene Expression Flex and Single Cell Immune Profiling solutions.
−Removed: The following are key advantages of our Chromium platform:
−Removed: • High cell throughput :
−Removed: How many cells can be measured at once?
−Removed: Measuring more cells with resolution allows researchers to look for rare cells in a population.
−Removed: If a disease-causing cell occurs in only 1 in 10,000 cells in a sample, then measuring just 1,000 cells will be unlikely to find a single copy of the disease-causing cell.
−Removed: Our Standard Throughput Single Cell Gene Expression and Immune Profiling solutions, on the other hand, have cell throughputs of up to 80,000 cells per run using one microfluidic chip which increases the likelihood of finding a copy of the disease-causing cell.
−Removed: Our High Throughput Single Cell Gene Expression and Immune Profiling solutions enable analysis of up to 320,000 cells per microfluidic chip.
−Removed: With the launch of our Single Cell Gene Expression Flex solution, we have increased cell throughput and enable analysis of up to 1,000,000 cells per microfluidic chip.
−Removed: • High cell capture rate :
−Removed: What fraction of the researcher’s sample cells are measured rather than lost?
−Removed: A high cell capture rate is important in many cases where researchers start with only a limited number of rare cells, such as a tumor biopsy from a patient.
−Removed: Our single cell solutions have typical cell capture rates of about 65%, which is significantly higher than those achieved by many competing solutions.
−Removed: • Low doublet rate :
−Removed: How often do researchers avoid doublets—artifacts where two or more cells are read as one?
−Removed: Doublets result in loss of cell information, inaccurate information and wasted sequencing.
−Removed: Researchers seek products with low doublet rates.
−Removed: Our single cell solutions have doublet rates of less than 1% per 1,000 cells.
−Removed: • Different biochemistries to enable single cell research :
−Removed: The Chromium platform offers two technical approaches—he probe-based approach (Chromium Flex) and the Reverse Transcription (RT)-based approach (Chromium 3’ and 5’) to measure gene and protein expression.
−Removed: Both approaches cater to unique use cases, open the door for different applications and expand sample compatibility
−Removed: Our Chromium platform currently provides researchers with the following solutions:
−Removed: Single Cell Gene Expression
−Removed: Our Chromium Single Cell Gene Expression solution provides customers with the ability to measure the transcriptome of single cells, revealing gene activity and networks on a cell-by-cell basis.
−Removed: This approach enables customers to identify and characterize rare cell types in a population of cells, characterize cell populations without prior knowledge of cell subtypes or cell markers, define novel cell types and cell states, discover new biomarkers for specific cell populations and analyze and understand cellular heterogeneity and its effects on biological systems.
−Removed: For this solution, customers run their samples of interest on Chromium X Series or Chromium Connect instruments, or on legacy Chromium Controller instruments, to generate GEMs containing single cells and prepare single cell libraries using our reagents.
−Removed: Researchers can sequence these single cell libraries on standard third-party sequencers, analyze their data using our Cell Ranger analysis pipeline software and visualize their data using our Loupe Cell Browser software.
−Removed: The browser displays a visual representation of the data in which cells having similar gene expression profiles are colored and clustered together.
−Removed: Researchers can explore their data by cluster or gene(s) of interest to derive biological meaning from the visualizations.
−Removed: The following visualization is an example showing single cell profiling of approximately 26,000 human endometrium cells highlighting several subpopulations.
−Removed: ______________
−Removed: UMAP projection of approximately 26,000 human endometrium cells.
−Removed: Major subpopulations were identified based on gene markers.
−Removed: Our Chromium Single Cell Gene Expression solution uses our proprietary biochemistry, GEM-RT, to capture mRNA molecules with high sensitivity.
−Removed: Sensitivity is the number of different mRNA transcripts that can be detected.
−Removed: Higher sensitivities are required to detect mRNA molecules that are present in low abundance in a cell.
−Removed: Furthermore, our Chromium Single Cell Gene Expression solution can be used with our Feature Barcode technology to simultaneously measure multiple analytes in the same cells.
−Removed: Our Feature Barcode is highly customizable, allowing our customers to add a barcode to any biological feature they want to analyze in conjunction with gene expression and other biological data.
−Removed: Feature Barcode can currently be used to:
−Removed: • Measure cell surface proteins simultaneously with gene expression, giving a far fuller picture of the states of single cells that includes the transcriptional profile inside the cells as well as the proteins on the outside of the cells;
−Removed: • Measure a set of CRISPR genetic perturbations that have been applied to a cell simultaneously with the resulting changes to gene expression and/or surface protein characterization, allowing users to interrogate the impact of actively perturbing many different aspects of a biological system in a massively parallel fashion.
−Removed: Single Cell Gene Expression Flex
−Removed: In 2022, we introduced our Chromium Single Cell Gene Expression Flex solution.
−Removed: Like our Chromium Single Cell Gene Expression solution, Flex provides customers with the ability to measure the transcriptome of single cells, revealing gene activity and networks on a cell-by-cell basis.
−Removed: Single cell RNA sequencing is increasingly being used to profile larger numbers of samples, corresponding to cohorts of patients or different perturbations, increasing the importance of an efficient and scalable workflow.
−Removed: Chromium Single Cell Gene Expression Flex works on samples fixed with paraformaldehyde (PFA), which allows samples to be collected, shipped to a central location and analyzed without sacrificing integrity or data quality, creating new possibilities for sample accessibility, throughput and batched analysis.
−Removed: This advanced chemistry also brings single cell profiling to FFPE tissue, expanding the range of accessible sample types.
−Removed: A key advantage is that customers can fix whole fresh tissue pieces at the point of collection to lock in biological states and preserve fragile cells or use this solution to access archived samples, making it especially suited for translational and clinical labs where fragile samples or time constraints would otherwise preclude single cell analysis.
−Removed: In addition, its probe-based approach requires only a small region of the transcript (50 base pairs in length) to be present in the cell in order for it to be detected, making it compatible with comparably low quality samples such as biopsies or other clinical samples that are prone to have increased levels of fragmented transcripts compared to other sample types.
−Removed: Furthermore, our Chromium Single Cell Gene Expression Flex solution can be used with our Feature Barcode technology to simultaneously measure cell surface proteins and gene expression in the same cells.
−Removed: Chromium Single Cell Gene Expression Flex allows for profiling up to 1,000,000 fixed single cells at once with a scalable workflow.
−Removed: Chromium Single Cell Gene Expression Flex can be used exclusively with our Chromium X Series instruments to generate GEMs.
−Removed: Prior to GEM generation, cells are fixed and permeabilized and can be safely stored or transported without compromising data quality.
−Removed: When commencing the experiment using Chromium Single Cell Gene Expression Flex, samples are hybridized to probe sets and may be processed individually (singleplex workflow) or pooled with up to 16 samples in a single lane of a 10x chip (multiplex workflow).
−Removed: During GEM generation the probe sets are ligated and extended to incorporate unique barcodes.
−Removed: Sequencing libraries are then prepared, sequenced and analyzed using our Cell Ranger and Loupe Browser software tools.
−Removed: The library preparation of the Chromium Single Cell Gene Expression Flex workflow is also compatible with the Chromium Connect.
−Removed: Single Cell Immune Profiling
−Removed: Our Chromium Single Cell Immune Profiling solution is used to study the immune system, which is the body’s natural diagnostic and therapeutic system.
−Removed: The immune system has a vast network of T-cells and B-cells that recognize pathogens using receptor molecules that bind to foreign molecules, or antigens.
−Removed: T-cells and B-cells can generate an immense diversity of receptors that are each specific to a different potential antigen, making it possible for the human body to recognize nearly any conceivable antigen.
−Removed: Our Chromium Single Cell Immune Profiling solution enables researchers to study these receptor molecules at the single cell level in conjunction with the transcriptome of the immune cell.
−Removed: Through the use of our solutions, researchers can measure both the T-cell or B-cell receptors while also determining whether the cell has been activated to attack its target or is quiescent and waiting for a threat to emerge.
−Removed: Importantly, because our analysis is performed at the single cell level, we obtain information regarding the pairing of the sequences of the alpha and beta chains of T-cell receptors or the heavy and light chains of B-cell receptors.
−Removed: This paired receptor information is unavailable from traditional bulk approaches for analyzing immune cells and is critical as it is the pair of receptors that defines the targets of each immune cell.
−Removed: By enabling paired immune receptor and transcriptome analysis in massive numbers of immune cells, our Chromium Single Cell Immune Profiling solution sheds insight on the clonality, diversity and cellular context of the immune repertoire.
−Removed: The workflow of this solution, which is similar to that of the Chromium Single Cell Gene Expression solution, utilizes our Chromium X Series, Chromium Connect or legacy Chromium Controller to generate GEMs, followed by single cell library preparation and sequencing.
−Removed: In contrast to Gene Expression, our Chromium Single Cell Immune Profiling solution uses a different biochemistry that obtains sequence information from the 5’ end of mRNA molecules, rather than their 3’ end.
−Removed: This biochemistry allows researchers to capture the more information-rich regions of immune receptor transcripts.
−Removed: Our Chromium Single Cell Immune Profiling solution also includes a step of enriching for immune receptor transcripts using specific primers to create an immune-specific library that can be sequenced separately from gene expression.
−Removed: We have also developed specialized pipelines within our Cell Ranger software and a specialized visualization software, Loupe V(D)J Browser, for visualizing the paired immune receptor information derived from this product.
−Removed: This software allows researchers to identify cell type clusters based on gene expression and then layer T-cell and/or B-cell receptor sequence diversity directly onto that visualization, enabling users to easily derive biological meaning from these two different data types.
−Removed: The following visualization is an example showing the diversity of immune receptors and groupings into specific genes and sequences.
−Removed: ______________
−Removed: With Loupe V(D)J Browser, you can explore the diversity of immune cell receptors and see how they are related.
−Removed: The software displays groups of similar receptors and explores specific genes and sequences.
−Removed: Feature Barcode can be used in combination with our Single Cell Immune Profiling solution, adding significant multiomic functionality.
−Removed: Importantly, this functionality allows users to determine the antigen that is bound by immune cells simultaneously with their gene expression.
−Removed: This capability allows researchers to determine both the receptor sequences of individual immune cells as well as an antigen that the receptor targets and makes this analysis practical to perform for millions of immune cells.
−Removed: We believe that the capability to understand immune receptor-antigen interactions at a high-throughput single cell level is tremendously valuable for elucidating the rules of immune cell targeting and can be used to understand disease and identify leads for immunotherapies and to assist researchers in constructing an immune map of receptor-antigen targeting rules.
−Removed: Single Cell ATAC
−Removed: Our Chromium Single Cell ATAC solution enables customers to understand the epigenetic state—including how the genome and its surroundings are modified to “open” and “closed” states, affecting how genes are regulated—in up to millions of cells.
−Removed: While our Chromium Single Cell Gene Expression solution answers the “what” of what makes two cells different from each other, our Chromium Single Cell ATAC solution answers the “how.” These two products are highly complementary and can be used as a powerful combination to analyze both the cause and effect of gene regulation.
−Removed: ATAC-seq stands for “Assay for Transposase Accessible Chromatin using sequencing.” This technique uses an engineered transposase enzyme to insert nucleic acids tags into the genome while also excising the tagged sequences from its surroundings.
−Removed: ATAC-seq is based on the fact that the transposase enzyme will preferentially tag and excise regions of the genome that have an “open” chromatin state that is unimpeded by proteins bound to genomic DNA.
−Removed: The tagged sequences can be sequenced to infer genomic regions of increased chromatin accessibility as well as map regions that are bound by transcription factor proteins responsible for regulating gene expression.
−Removed: ATAC–seq was pioneered by researchers at Stanford University and intellectual
−Removed: property rights directed to ATAC-seq are exclusively licensed to us.
−Removed: ATAC-seq has now become an important tool in epigenetics and genome-regulation research.
−Removed: Our Single Cell ATAC solution uses the ATAC-seq assay in conjunction with our Chromium platform to create a product for high-throughput epigenetic interrogation at single cell resolution.
−Removed: In the workflow, users treat cell nuclei with transposase enzyme and then use our Chromium instrument to encapsulate these nuclei in GEMs.
−Removed: The tagged sequences from the nuclei are barcoded inside GEMs and then processed to generate sequencing libraries.
−Removed: Sequencing reads are analyzed using our Cell Ranger ATAC software and visualized using our Loupe Cell Browser, which has been specially configured to display epigenetic data.
−Removed: Our Chromium Single Cell ATAC solution has been adopted by a number of key opinion leaders.
−Removed: In one example, researchers used a combination of single cell transcriptome profiling and single cell ATAC-seq to identify enhancer elements that mark specific sub-classes of cells in the mouse brain.
−Removed: Once these elements are identified they can be targeted in order to generate mice with specific cell types labeled or perturbed at a level of specificity not usually achievable using gene expression alone.
−Removed: The ability to specifically target new cell types of interest allows in-depth investigations of the functions of those targeted cells.
−Removed: Single Cell Multiome ATAC+Gene Expression
−Removed: Our Chromium Single Cell Multiome ATAC+Gene Expression solution enables customers to link a cell’s epigenetic state, which affects how genes are regulated, directly to its transcriptional output, in up to millions of cells simultaneously.
−Removed: This product is the first commercial solution to enable simultaneous interrogation of both the RNA and chromatin accessibility, using the Assay for Transposase Accessible Chromatin (ATAC) in a single cell.
−Removed: Previously, researchers would profile these two modalities separately using our Single Cell Gene Expression solution and Single Cell ATAC solution, and computationally infer related cell types between the two datasets.
−Removed: However, with our Single Cell Multiome ATAC+Gene Expression solution, it is now possible to directly measure both modalities in the same single cell, providing valuable insights into how the epigenetic landscape in a cell (the “input”) directly impacts downstream gene expression (the “output”).
−Removed: Our Single Cell Multiome ATAC+Gene Expression solution is similar in workflow to our Single Cell Gene Expression and Single Cell ATAC products on the Chromium platform.
−Removed: In the workflow, users treat cell nuclei with transposase enzyme and then use a 10x Chromium instrument to encapsulate these nuclei in GEMs.
−Removed: The tagged DNA sequences and the mRNA from the nuclei are barcoded inside GEMs and then processed to generate gene expression and ATAC sequencing libraries.
−Removed: Sequencing reads are analyzed using our Cell Ranger ARC software, which has been specifically designed to leverage data from both RNA and ATAC data, and visualized using our Loupe Cell Browser.
−Removed: The following visualization is an example of how chromatin accessibility from ATAC data can be linked with gene expression data in cells:
−Removed: Sample preparation solutions .
−Removed: In 2022, we launched our Nuclei Isolation kit, our first offering to help ease the sample preparation process.
−Removed: This solution provides a simple, scalable workflow to make frozen tissues and previously challenging sample types more accessible for routine single cell analysis.
−Removed: Many samples which may be biobanked or are not amenable to fresh processing require nuclei isolation for use in single cell sequencing.
−Removed: Nuclei isolation is also necessary to obtain additional layers of cellular information, such as chromatin accessibility.
−Removed: Previously available methods for nuclei isolation from frozen tissue include complex, low-throughput and time-consuming protocols, expensive instruments for sorting and debris removal and the need to optimize workflows for each tissue.
−Removed: Our Chromium Nuclei Isolation kit, specifically designed for use with our single cell assays, streamlines nuclei isolation workflows, ensuring reliable assay performance for gene expression or epigenetic studies with little to no optimization for most tissues.
+Added: Our products enable measuring up to millions of single cells or tissue sample positions.
+Added: Each of our platforms is designed to interrogate a major class of biological information enabling researchers to understand the complexities of biology at a spatial and cellular level.
+Added: Collectively, our platforms enable researchers to interrogate, understand and master biology at the appropriate resolution and scale.
+Added: Our single cell portfolio
+Added: Our single cell portfolio, powered by our Chromium platform, includes microfluidic chips and related consumables and our Chromium X Series and legacy Chromium instruments.
+Added: Chromium enables high-throughput analysis of individual biological components.
+Added: Our Chromium instruments serve as precisely engineered reagent delivery systems, partitioning samples into individual components which can exceed one million.
+Added: Each partition is paired with proprietary gel beads bearing unique barcodes that allow researchers to identify the contents of each partition and distinguish them from contents of other partitions.
+Added: Once biological material in each partition is barcoded, they can then be pooled and sequenced together.
+Added: Partitioning and barcoding gives researchers the ability to measure many discrete biological materials and/or perform many different experiments in parallel, providing tremendous resolution and scale.
+Added: Chromium enables multiomic readouts including gene expression, protein (cell surface and intracellular), chromatin, V(D)J, CRISPR/guide RNAs (gRNAs) and antigens, has broad sample compatibility (formalin-fixed paraffin-embedded (FFPE), fresh, fresh frozen, paraformaldehyde (PFA) fixed tissue, DSP/methanol fixed peripheral blood mononuclear cells (PBMCs) and whole blood) and delivers high performance including high cell recovery rates (CRE), high sensitivity, robustness and reproducibility.
+Added: Our spatial portfolio
+Added: Our spatial portfolio is powered by our Visium and Xenium platforms and aims to bring together the worlds of histology and genomics.
Our Visium platform.
−Removed: Our Visium platform enables researchers to understand the spatial positions of biological analytes within tissues at high resolution.
−Removed: Such spatial analysis can be critically important in understanding tissue function in both healthy and disease states.
−Removed: For example, in the context of neurobiology, neuronal degeneration in the substantia nigra , an area of the brain associated with movement, results in Parkinson’s disease, while degeneration of upper and lower motor neurons results in amyotrophic lateral sclerosis, or Lou Gehrig’s disease.
−Removed: In the context of cancer treatment, the knowledge of whether T-cells have infiltrated inside of a tumor, rather than merely surrounding the tumor, is an important prognostic indicator.
−Removed: Understanding the spatial relationship of the biological analytes in tissues may hold the key to unlocking the underlying causes and identifying cures for such diseases.
−Removed: Our Visium products are based in part on technology that we acquired from Spatial Transcriptomics in 2018.
−Removed: Spatial Transcriptomics utilized arrays having specialized probes on their surfaces that are encoded with the spatial position of the probe.
−Removed: In this workflow, a tissue sample is placed onto the array and reagents are added by the user to create barcoded molecules from the array probes and the biological material in the tissues.
−Removed: This barcoded material encodes the spatial information that was contained in the probes.
−Removed: Users then pool the material from the array and follow a protocol to create libraries of molecules that can be sequenced using a standard third-party sequencer.
−Removed: After sequencing, analysis software assigns each sequencing read to its spatial position of origin, aligning with a morphological stain of the tissue section.
−Removed: Collectively, the spatially defined reads provide a visual depiction of the locations and patterns of large numbers of biological analytes simultaneously in the tissue sample.
−Removed: The Spatial Transcriptomics product performed spatial analysis of mRNAs using arrays that had 1,000 probes with distances of approximately 200 microns between probes.
−Removed: This product was used to identify heterogeneity in metastatic melanoma and to demonstrate that there was significantly more heterogeneity than could be predicted by manual pathology annotation.
−Removed: independent study of mouse and human amyotrophic lateral sclerosis samples, researchers were able to observe changes in RNA expression over the disease course, while preserving the understanding of those changes in the spatial context.
−Removed: This allowed them to visualize the key changes that occur in brain regions before and during neuronal degeneration.
−Removed: Our Visium solution for spatial gene expression analysis was launched in late 2019.
−Removed: Our Visium Spatial Gene Expression product has significant improvements over the Spatial Transcriptomics product, including increased spatial resolution, increased gene sensitivity, a simpler workflow, compatibility with both hematoxylin and eosin (H&E) and immunofluorescence stains, and fully developed analysis and visualization software.
−Removed: We launched the Visium Spatial Proteogenomics solution providing the capability of combining whole transcriptome analysis and immunofluorescence protein detection within the same tissue section in 2020.
−Removed: In 2021, we launched Visium Spatial Gene Expression for FFPE which featured an entirely new probe-based chemistry enabling Visium to be applied to FFPE tissues with similarly high sensitivity and the same spatial resolution as fresh frozen samples.
−Removed: In 2022, we launched the Visium CytAssist, an instrument designed to simplify the Visium solution workflow by facilitating the transfer of transcriptomic probes from standard glass slides to Visium slides.
−Removed: The Visium CytAssist is a compact, benchtop instrument that enables spatial profiling insights with broad sample access and streamlined workflow logistics allowing the use of pre-sectioned tissues and pre-stained samples with the Visium workflow in both FFPE and fresh frozen samples.
−Removed: Regardless of the sample type, sectioning, sample preparation, staining by either hematoxylin and eosin (H&E) or immunofluorescence (IF), and imaging take place on a standard glass slide in the Visium CytAssist workflow.
−Removed: After probe hybridization, two standard glass slides and a two capture area Visium Spatial Gene Expression slide are placed in the CytAssist instrument so that the tissue sections on the standard slides can be aligned on top of the two Visium capture areas.
−Removed: Within the instrument, a brightfield image is captured to provide spatial orientation for data analysis, followed by permeabilization of the tissue and transfer of transcriptomic probes to the Visium Spatial Gene Expression slide.
−Removed: The remaining steps, starting with probe extension, follow the standard Visium for FFPE workflow outside of the instrument.
−Removed: Data is visualized using our software tools.
−Removed: In 2023, we launched the Visium CytAssist Spatial Gene and Protein Expression assay, introducing the capability to combine whole transcriptome analysis, protein detection and high resolution imaging from the same slide using the Visium CytAssist.
−Removed: The core of this assay is the Human Immune Cell Profiling Panel, an optimized set of probe-conjugated antibodies designed to enable the sequencing read-out of protein expression, designed to overcome the challenges of traditional multiplexed protein detection such as spectral overlap and limitations of antibody host species.
−Removed: This assay also supports customization of protein readout via the addition of user-conjugated antibodies, providing researchers with expanding opportunities to gain multiomic readouts from human FFPE tissues.
−Removed: We intend to continuously innovate to provide enhanced resolution, performance, throughput and efficiency for our existing Visium Spatial Gene Expression products.
−Removed: Analogous to the Chromium platform, we also aim to develop additional Visium-based applications to allow spatial interrogation of a broader range of biological analytes such as DNA, immune molecules, epigenetics and proteins.
+Added: Our Visium platform empowers researchers to identify where biological components are located and how they are arranged with respect to each other, otherwise referred to as “spatial analysis.” Our Visium platform uses high density DNA arrays which have DNA barcode sequences that encode the physical location of biological analytes within a sample, such as a tissue section, allowing the spatial location of the analytes to be “read out” using sequencing to create a visual map of the analytes across the sample.
+Added: Similar to partitioning, spatial barcoding with large numbers of oligos on an array can unlock tremendous insights, providing high resolution molecular information to visualize the whole transcriptome and protein expression, paired with same section hematoxylin and eosin (H&E) or infrared (IR) imaging data, across biological tissues.
+Added: The Visium platform includes our Spatial Gene Expression, HD Spatial Gene Expression and Spatial Gene and Protein Expression assays as well as the Visium CytAssist, an instrument designed to simplify and optimize the Visium solution workflow by facilitating the transfer of transcriptomic analytes from standard glass slides to Visium slides.
Our Xenium platform .
−Removed: Our Xenium platform for in situ analysis is designed to give scientists the ability to not only locate and type cells in their tissue context, but also to address a variety of specific questions based on previous knowledge of their sample often discovered using our Chromium and Visium platforms.
−Removed: In situ is a Latin expression that means “in the original place." In situ analysis is used to describe a method to detect and analyze RNA and protein molecules right where they are within the tissue, without the need to extract or capture them.
−Removed: Based on our internal research and development and the acquisitions of ReadCoor and CartaNA, our Xenium platform is a complete end-to-end solution including a robust instrument, consumables and software.
−Removed: The Xenium Analyzer instrument, which we began shipping in 2022, is designed for fully automated high-throughput analysis of cells in their tissue environment.
−Removed: The end-to-end solution includes pre-designed, validated panels and analysis tools for visualizing and studying spatial patterns of expression.
−Removed: Xenium In Situ detects and preserves the cellular localization of RNA targets directly in a fresh frozen or FFPE tissue section without the need for conventional sequencing.
−Removed: This provides researchers with a detailed map of gene expression patterns without sacrificing resolution or target number.
+Added: Our Xenium platform for in situ analysis is designed to give scientists the ability not only to locate and type cells in their tissue context, but also to address a variety of specific questions based on previous knowledge of their sample potentially discovered using our Chromium and Visium platforms.
+Added: Our Xenium Analyzer instrument enables researchers to detect and preserve the cellular location of hundreds of RNA targets directly in a fresh frozen or FFPE tissue section without the need for conventional sequencing, providing researchers with a detailed map of gene expression patterns without sacrificing resolution or target number.
Xenium uses circularizable probes specific to target transcripts followed by enzymatic amplification to create a target for fluorescent probe hybridization.
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Successive rounds of fluorescent probe hybridization, imaging and removal creates a unique optical signature that reveals the identity of the RNA at a location within each cell of a tissue.
−Removed: In the future, we expect that Xenium will allow the detection of both RNA and protein in the same tissue section, revealing complex and nuanced expression patterns.
−Removed: Our Xenium consumables consist of a menu of curated, validated and fit-for-purpose gene panels along with the ability to design custom gene sets.
−Removed: Our current panels include Human Breast, Human Brain, Human Lung, Human Multi-tissue, Human Colon, Human Skin, Mouse Brain and Mouse Tissue Atlassing Gene Expression Panels.
−Removed: The panels were designed using single cell datasets with direct customer input and the genes were chosen to target cell types and cell states for each respective tissue type.
−Removed: Each curated panel can also be customized with up to 100 genes.
−Removed: In addition, customers can purchase a fully custom panel for up to 500 genes.
−Removed: The Xenium Analyzer instrument comes with onboard analysis capabilities to process image data, localize RNA signals and perform secondary analysis.
−Removed: Customers are able to easily transfer data from the instrument and perform visualization and further analysis with 10x-provided software or other tools of their choice.
−Removed: With the launch of our Xenium platform in 2022, we introduced Xenium Explorer, an easy-to-use desktop software tool for interactive exploration and data analysis.
−Removed: Xenium Explorer leverages the platform's exploration-ready output to enable researchers to immediately see results at subcellular and tissue scale.
−Removed: Our software is essential to our mission of accelerating the mastery of biology.
−Removed: Since our platforms and molecular assays enable new levels of resolution and scale, they produce entirely new types of data and at much larger scales than previously achievable.
−Removed: We have developed sophisticated and scalable software that completes our solutions which we provide to researchers generally free of charge.
−Removed: Our analysis software transforms large amounts of raw data into usable results, giving researchers user friendly tools to dynamically explore these results.
−Removed: As larger and larger amounts of biological data are generated with greater ease, we believe that software tools will become increasingly critical for progress in biology.
−Removed: Our 10x Genomics Cloud Analysis platform makes it easy for new 10x users to get started and for our advanced users to scale to larger and more complex experiments.
−Removed: With Cloud Analysis, we took the technology that powered our own internal product development for years and brought it to our customers.
−Removed: Optimized for our software products, Cloud Analysis aims to be the easiest-to-use and fastest way to run 10x analysis available.
−Removed: And because we believe analysis is an integral part of our products, we provide ample cloud analysis at no additional cost for every sample our customers run.
−Removed: Since our founding, we have committed to making software engineering and computational biology world-class, core internal competencies.
−Removed: We believe this deep investment distinguishes us from our competition and is worthwhile because it:
−Removed: • Removes barriers to adoption.
−Removed: With our software, our customers can immediately begin making sense of their experimental data.
−Removed: Without it, they would be forced to develop their own software or wait for the community to do so, slowing down adoption of our products by months or even years;
−Removed: • Accelerates utilization.
−Removed: Easy-to-use, efficient software helps our customers analyze their data and complete their experiments and studies faster, enabling them to move on to their next experimental questions sooner;
−Removed: • Increases scale.
−Removed: Reliable, scalable software helps to remove analysis as a bottleneck as our customers plan larger and more ambitious experimental designs;
−Removed: • Expands the user base.
−Removed: While early adopters are more likely to have access to bioinformatics expertise, our software enables a broader range of customers to take advantage of our solutions;
−Removed: • Enables better understanding of our customers’ needs.
−Removed: By supplying analysis software for our customers, we gain much greater insight into their use cases, helping us to design future products that best meet their needs;
−Removed: • Enhances and accelerates product development.
−Removed: The software we ship to customers is the same software we use to develop and optimize our platforms and chemistry.
−Removed: This aligns us closely with the needs of our customers and reduces our time-to-market.
−Removed: Our product development approach
−Removed: The success of our products is founded on how we approach product development.
−Removed: Our employees are deeply scientifically oriented, having the relevant scientific expertise embedded not only within research and development, but also within the management team and throughout the company.
−Removed: We are ambitious and focus on fundamentals.
−Removed: We strive to solve big challenges to enable new fundamental biology and to build technological capabilities with potential for exponential impact.
−Removed: We work closely with our customers, many of whom are thought leaders in genomics and medicine, to identify future frontiers and unmet needs.
−Removed: Once we identify the correct opportunities, which we create through both organic development by our in-house teams and targeted acquisitions of technologies that will accelerate our ability to bring new products to researchers, we have the discipline to focus on execution and have a track record of bringing successful products across multiple platforms to market.
−Removed: Multidisciplinary collaboration and technological innovation are central to our product development process.
−Removed: We have built teams with deep expertise across diverse disciplines including chemistry, molecular biology, microfluidics, hardware, computational biology and software engineering.
−Removed: This multidisciplinary expertise forms the basis of our innovation engine, which allows us to introduce new products at a rapid pace as well as continuously launch improved versions of our existing products.
+Added: Available Xenium consumables include curated, validated and fit-for-purpose gene panels along with the ability to design custom gene sets.
+Added: Our software is essential to accelerating the mastery of biology.
+Added: As our portfolios unlock new levels of resolution and scale, they generate entirely new types of data at greater volumes and complexity than ever before.
+Added: Cell Ranger , introduced alongside our Chromium platform, has become a trusted scRNA-seq processing pipeline in scientific literature.
+Added: We have extended the same principles of accessibility, scalability and reliability across all our platforms, ensuring that researchers can move from raw data to discovery with ease.
+Added: Today, we provide a comprehensive and scalable software ecosystem that supports every stage of the research workflow, from experiment planning to data processing to visualization and exploration.
+Added: By removing barriers to adoption, our tools help researchers generate high-quality data, achieve repeatable success and seamlessly scale their experiments.
+Added: Loupe Browser (Chromium and Visium) enables intuitive single-cell, spatial and multiomic data visualization, helping researchers explore gene expression, cellular interactions and more—turning complex datasets into interactive insights that accelerate discovery.
+Added: Xenium Explorer enables intuitive in situ data visualization, allowing researchers to explore subcellular gene expression, spatial organization and tissue-scale patterns with ease.
+Added: It transforms complex imaging and transcriptomic data into interactive insights, accelerating discovery in spatial biology.
Our market opportunity
−Removed: According to industry sources, the annual worldwide life sciences research tools market totals more than $67 billion.
−Removed: Our diverse products and solutions allow biologists to interrogate and understand biological systems at exceptional resolution and scale.
−Removed: Our focus on enabling a comprehensive view of biology, and not narrowly focusing on a particular analyte such as DNA alone, has produced products which we believe have broad applications and target numerous opportunities across different areas of life sciences research.
−Removed: Because we provide solutions to answer a broad diversity of biological questions, we view much of this total market as ultimately accessible to us.
−Removed: Areas in which our current solutions offer alternative or complementary approaches to existing tools represented a total opportunity of approximately $16 billion of the more than $67 billion annual global life sciences research tools market.
−Removed: This $16 billion opportunity includes flow cytometry, sequencing, microscopy, high content imaging and sample preparation, among other tools.
−Removed: In many cases, our current solutions offer alternative approaches to existing tools, where the advantages of our solutions can provide more precise answers to existing biological questions than existing tools and technologies.
−Removed: Our tools may also complement, enhance and enable new applications of these technologies.
−Removed: We believe we will compete for research spending within the life science research tools market and capture an increasing share of research budgets as our solutions deliver new capabilities, enable new applications and lead to new discoveries.
−Removed: We also expect to pursue additional opportunities that will further expand our opportunity, including new potential applications of our single cell, spatial and in situ technologies in the future.
−Removed: We believe the opportunity can also be assessed through the application areas of our tools and the types of questions that researchers are looking to answer.
−Removed: We estimate that there are four categories of research areas:
−Removed: Cell Atlassing.
−Removed: This refers to research that is looking to identify the cellular and molecular building blocks of tissues and work that allows for a baseline characterization of the cells in a system.
−Removed: We estimate this opportunity is $2 billion;
−Removed: Genetic Mechanisms.
−Removed: This refers to research to determine the role of genetics in biological processes and understand genes and their function.
−Removed: We estimate this opportunity is $2 billion;
−Removed: Cellular and Molecular Biology.
−Removed: This refers to research to understand the functions of specific gene, protein or cellular pathways.
−Removed: We estimate this opportunity is $5 billion;
−Removed: Translational.
−Removed: This refers to research that applies biological learnings to improve human health.
−Removed: Whether for clinical research, within research hospitals or within biopharmaceutical companies, translational research is typically completed by researchers who are looking to understand human tissues and to discover biomarkers or test and develop therapeutics with the goal of impacting human health and disease.
−Removed: We estimate this opportunity is $7 billion.
−Removed: Growth of our opportunity is also driven by a broad and increasing range of applications for our solutions.
−Removed: Our solutions can be used in many different applications, including basic biology, oncology and immuno-oncology, genetic disease, neurological disease, autoimmunity, infectious disease, the human microbiome and many others.
−Removed: In the “Century of Biology,” we believe that the mastery of biology will create advances and benefits for a broad and growing range of industries including broader segments of the healthcare industry and beyond.
−Removed: Our competitive strengths
−Removed: We believe our continued growth will be driven by the following competitive strengths:
−Removed: Our position as a leader in a large and growing industry.
−Removed: Since launching our first product in mid-2015 through December 31, 2023, cumulatively we have sold 5,966 instruments and we serve thousands of researchers globally.
−Removed: We have fostered deep relationships with many key opinion leaders and our customers include leading academic and translational researchers and biopharmaceutical companies around the world.
−Removed: Our products are an important part of our customers’ workflow and a significant portion of them utilize more than one of our solutions.
−Removed: Our technologies have become a vital tool for biological research.
−Removed: To date, we estimate that more than 7,200 peer-reviewed articles have been published based on data generated using our products.
−Removed: Our position as a leader allows us to form deep partnerships with our customers who help us stay on the frontiers of biology, giving us insight on industry needs that inform our product strategy and providing us with a strong competitive advantage.
−Removed: Our proprietary technologies.
−Removed: Through multiple years of development, acquisition and in-licensing, we have amassed a core set of technologies and intellectual property rights that form the foundation of our growing suite of products and solutions.
−Removed: These technologies, including instruments, assays and software, combine a diverse set of disciplines, including chemistry, molecular biology, microfluidics, hardware, computational biology and software engineering.
−Removed: Our technologies underlie features and performance that differentiate our products from the competition.
−Removed: Further, many of these technological elements can be utilized
−Removed: across multiple products, enabling us to leverage our existing infrastructure and investment when building future products, increasing the speed of product development and product performance.
−Removed: Worldwide we own or exclusively in-license over 970 issued or allowed patents and 1,220 pending patent applications as of December 31, 2023.
−Removed: In addition to these owned and exclusively licensed patents and pending patent applications, we also license patents on a non-exclusive and/or territory restricted basis.
−Removed: Our intellectual property portfolio includes important patents and patent applications directed to single cell analysis, epigenomics, spatial analysis, in situ analysis and multiomics.
−Removed: Our rigorous product development processes and scalable infrastructure.
−Removed: We have implemented a rigorous and systematic product development process by which our vision can be efficiently translated into commercial products.
−Removed: We develop our products over a set of defined phases delineated by validating multifunctional reviews, which ensure our teams remain focused on quality, efficiency and profitability.
−Removed: This process allows many highly focused teams to execute on separate product development efforts in parallel while drawing effectively on the resources and capabilities of the company.
−Removed: We have also built extensive technological and operational infrastructure to support the efficient execution of these teams.
−Removed: This infrastructure includes multiple technological investments across a range of areas, including custom barcoded gel bead production, microfluidic chip manufacturing, scalable high-performance computation and automated software productization and testing tools.
−Removed: This infrastructure can be drawn on to develop new products and improved versions of our existing products with high quality at a rapid pace.
−Removed: Our customer experience and broad commercial reach.
−Removed: We believe in providing our customers with a high-quality experience from start to finish:
−Removed: starting with a collection of validated methods for preparation of samples to be run on our systems and ending with extensive software to aid in analysis and visualization of the data generated.
−Removed: We have also built comprehensive product testing and quality control into our culture and processes to help guarantee the performance of our products in customer hands.
−Removed: As of December 31, 2023, we employed a commercial team of 450 full time employees.
−Removed: This includes an extensive and highly specialized customer service infrastructure with technical specialists covering multiple areas of expertise, including experimental biology, tissue analysis and handling and software.
−Removed: Many members of our sales and customer service teams have a PhD degree and have significant industry experience.
−Removed: Both our sales and customer service teams help ensure our customers are successful in designing and executing their experiments and have a positive experience with our products.
−Removed: Our experienced multidisciplinary team .
−Removed: At 10x, we have built a multidisciplinary team with talent and expertise across a diverse set of areas such as chemistry, molecular biology, microfluidics, hardware, computational biology and software engineering who are committed to identifying and addressing problems at the forefront of biology.
−Removed: We have supplemented our diverse technical experience by assembling an operational team with expertise in manufacturing, legal, sales, marketing, customer service, human resources and finance.
−Removed: We believe this confluence of talent from multiple disciplines at 10x allows us to stay ahead of our competitors by identifying highly impactful opportunities and building products and solutions that address these opportunities.
−Removed: Our growth strategy
−Removed: Our growth strategy includes the following key elements:
−Removed: Develop critical enabling technologies .
−Removed: Just as our past success is attributable to our innovative technologies, we believe that our future growth will be driven in large part by our significant continued investment in research and development.
−Removed: We aim to build platforms, consumables and software that further our goals of interrogating, understanding and mastering biological systems at the needed resolution and scale and drive adoption by delivering better insights, workflows and cost structure.
−Removed: We prioritize innovations that meet large unmet market needs, such as measuring novel biological analytes with key functional impact at the single cell level or with spatial context, and our aim to enable superior performance at larger scale and lower cost.
−Removed: We design our products to facilitate the expansion of single cell approaches into more areas of academic research, to increase adoption of single cell approaches in translational and biopharmaceutical applications including by identifying means to drive prices lower to support researchers and expand the opportunity for single cell analysis, and to harness the emergence of spatial biology as a bridge between genomics and pathology.
−Removed: We expect that our investments in research and development will allow us to increase our penetration of our accessible markets.
−Removed: Expand sales of our instruments .
−Removed: Since our commercial launch in mid-2015 through December 31, 2023, cumulatively we have sold 5,966 instruments and serve thousands of researchers globally.
−Removed: We will target new customers in addition to expanding the number of 10x instruments within institutions that have already recognized the significant value of our technology.
−Removed: A portion of our current laboratory customers do not own a 10x instrument, but rather gain access to one of our instruments through an adjacent lab or core facility within the institution.
−Removed: These customers are substantial and easily accessible and therefore represent an
−Removed: opportunity for future instrument sales.
−Removed: We also intend to expand our existing geographic reach, both directly and through distributors.
−Removed: Strengthen use and adoption of our consumables .
−Removed: Our instruments are designed to be used exclusively with our consumables.
−Removed: This closed system generates recurring revenue from consumables tied to each instrument we sell.
−Removed: We plan to drive wider adoption of our products within the workflows of our existing customers.
−Removed: For example, although many biopharmaceutical companies use our products in early drug discovery phases from target identification to validation and across multiple sites, we believe that as our applications are increasingly incorporated into later stages in the drug development process, the amount of our consumables used will grow.
−Removed: We have a dedicated pharmaceutical sales, marketing and business development team to support the adoption cycle by biopharmaceutical companies.
−Removed: We have also added new instruments to our instrument lineup which are aimed at addressing new customer use cases and driving higher consumable revenue growth including our Chromium Connect instrument in 2020, Chromium X Series in 2021 and Visium CytAssist instrument and Xenium Analyzer in 2022.
−Removed: We also plan to demonstrate new applications using our solutions, including applications that synergistically use multiple 10x solutions, to investigate the potential clinical utility of single cell and spatial approaches enabled by our solutions.
−Removed: Identify the most relevant technologies, create or acquire such technologies and develop them into new products .
−Removed: Over the years, we have developed, acquired or in-licensed technologies and associated intellectual property rights across a broad range of emerging areas within biology and life sciences.
−Removed: The ability to identify these core technologies and capabilities has complemented our internal product development process and enhanced our growing suite of products and solutions.
−Removed: We will continue to identify and acquire or in-license technologies and intellectual property rights that accelerate the development of new features and products or complement our existing features, products and technologies.
+Added: We believe much of the $75 billion annual global life sciences research tools market is ultimately accessible to us due to our ability to answer a broad diversity of biological questions.
+Added: We estimate a total addressable market of more than $21 billion annually, assuming every lab or company in the global life sciences research tools market was to adopt our solutions at spend levels comparable to our existing users.
+Added: We estimate a serviceable addressable market of more than $13 billion annually, assuming every lab or company in the global life sciences research tools market that is currently using single cell, spatial or adjacent research techniques was to adopt our solutions at spend levels comparable to our existing users.
+Added: We also expect to pursue additional opportunities that may further expand our opportunity, including new versions and potential applications of our single
+Added: cell, spatial and in situ technologies in the future.
+Added: Our estimates are based on our own and third-party analyses of our potential opportunities.
+Added: See the section titled “ Risk Factors — The size of the market for our solutions may be smaller than estimated and new opportunities may not develop as quickly as we expect, or at all, limiting our ability to successfully sell our solutions.”
Peer-reviewed scientific publications using our products
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Cell, Nature and Science .
−Removed: Underscoring the reach of our products, these publications cover a wide range of research and applied areas from cell biology to genetic health to neuroscience with the top three areas of publication, according to our estimates, being oncology, immunology and developmental biology.
+Added: Underscoring the reach of our products, these publications cover a wide range of research and applied areas from cell biology to cardiovascular health to infectious disease to neuroscience.
+Added: According to our estimates, the top three areas of publication are oncology, immunology and developmental biology.
Research and development
−Removed: Our research and development teams have designed and developed our proprietary products using an interdisciplinary approach that combines expertise across the fields of chemistry, molecular biology, microfluidics, hardware, computational biology and software engineering.
−Removed: Our research and development groups work together in cross-functional project teams, an approach that has been key to our success to date.
−Removed: The overarching goals of our research and development programs are to continue to bring new technologies to market that address the most pressing questions in biology and to provide exponential advances in human health.
−Removed: To this end, we plan to focus our research and development efforts on the following areas:
−Removed: Improve the performance of our existing solutions .
−Removed: We plan to improve our existing assays and software.
−Removed: These improvements may provide increased sensitivity to capture greater amounts of signal from biological analytes, allow broader types of biological samples to be interrogated with our solutions and increase the amount of biological information that can be obtained using our software.
−Removed: Develop new solutions for our platforms .
−Removed: We plan to expand the range of solutions that are available on our Chromium, Visium and Xenium platforms to allow researchers access to new types of starting sample types and biological information.
−Removed: Improve and develop new capabilities for our instruments .
−Removed: We plan to develop new capabilities that would improve the usability and increase the performance of our instruments.
−Removed: Develop combined software and workflows across multiple solutions.
−Removed: Our platforms are highly synergistic and leverage shared technologies, workflows and software.
−Removed: We plan to develop workflows that enable users to run multiple assays on the same biological samples and software that simultaneously analyzes the data generated from these multiple assays.
−Removed: We plan to do this for key solution combinations where the information obtained from multiple solutions is highly complementary.
−Removed: Investigate and develop new technologies .
−Removed: We will seek to both develop and acquire new technologies that could be additive to or complementary with our current portfolio.
−Removed: Our research and development costs were $270.3 million and $265.7 million for the years ended December 31, 2023 and 2022, respectively.
−Removed: As of December 31, 2023, we employed 451 employees in research and development.
−Removed: Looking forward, we will continue to invest in efforts to support the ongoing development of our instruments, consumables and software across all three of our platforms, as well as enhance the overall performance of our solutions.
−Removed: Commercial team
+Added: The success of our products is founded on how we approach product development.
+Added: We work closely with our customers, many of whom are thought leaders in genomics and medicine, to identify future frontiers and unmet needs.
+Added: Once we identify the correct opportunities, which we create through both organic development by our in-house teams and targeted acquisitions of technologies that i to accelerate our ability to bring new products and new versions of existing products to researchers, we have the discipline to focus on execution and have a track record of bringing successful products across multiple portfolios to market.
+Added: Multidisciplinary, cross-functional collaboration and technological innovation are central to our product development process.
+Added: Our employees are deeply scientifically oriented, having the relevant scientific expertise embedded not only within research and development, but also within the management team and throughout the company.
+Added: We have built teams with deep expertise across diverse disciplines including chemistry, molecular biology, microfluidics, hardware, computational biology and software engineering.
+Added: We plan to focus our research and development efforts on improving the performance of our existing technologies, developing new solutions and new versions of existing solutions for our portfolios, improving and developing new capabilities for our instruments, developing combined software and workflows across multiple solutions and investigating and developing new technologies.
+Added: Commercial organization and strategy
Since launching our first product in mid-2015, we have expanded our commercial operations and now sell our products in over 50 countries.
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As of December 31, 2024, our commercial organization consisted of 491 full time employees, many with PhD degrees and many with significant industry experience.
−Removed: We sell our products through third-party distributors in Asia, certain regions of Europe, Oceania, Central America, South America, the Middle East and Africa.
+Added: We sell our products through third-party distributors in certain regions of Asia, Europe, Oceania, Central America, South America, the Middle East and Africa.
For the years ended December 31, 2024 and 2023, no single customer, including distributors, represented greater than 10% of our business.
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We expect that sales to biopharmaceutical companies will represent a growing proportion of our revenue in the future.
−Removed: Commercial strategy
−Removed: Our products are integrated solutions comprised of instruments, consumables and software.
−Removed: We aim to drive customer adoption and sales of our instruments which then forms a base of users who drive revenue by purchasing our consumables.
−Removed: Our products are designed to be easy to install and use without the need for extensive training.
−Removed: Our customers primarily include academic, government, biopharmaceutical, biotechnology and other institutions.
−Removed: Our strategy typically involves targeting key opinion leaders during the initial phase of our product launches, after which we aim to expand adoption of our products across a broader base of customers.
−Removed: As our customer base has grown, we have been able to sell more instruments to accelerate the adoption of new solutions.
−Removed: Over half of our customers purchased our consumables relating to more than one of our solutions in both the years ended December 31, 2023 and 2022.
−Removed: Our commercial strategy focuses on ensuring our customers are successful with our products.
−Removed: These successes often result in publications which can drive increased public awareness and further market adoption.
−Removed: Since our first product launch in 2015, we estimate that there have been more than 7,200 publications by researchers using data generated by our products.
Our sales and marketing efforts are targeted at the principal investigators, research scientists, department heads, research laboratory directors and core facility directors at leading academic institutions, biopharmaceutical companies and publicly and privately funded research institutions who control buying decisions.
−Removed: Due to the pricing of our instruments and consumables, the buying decision is often made by the principal investigator rather than by committee or department chair, which we believe simplifies the purchasing decision and has helped accelerate adoption of our products.
−Removed: We also target researchers who do not own their own 10x instrument, but who have access to one, which we refer to as “halo users.” By sharing one instrument across groups within an institution, multiple halo users are able to utilize the instrument for their own research and experiments.
−Removed: Halo users help drive consumable revenue and utilization of our consumable products and may become future purchasers of a 10x instrument.
−Removed: The use of our Chromium and Visium products requires the access to, but not necessarily the ownership of, a third-party sequencer.
−Removed: Since third-party sequencers are often accessible as a shared resource and because our Xenium platform does not require the use of a third-party sequencer, our target customer base is broader than those who own a third-party sequencer.
We increase awareness of our products among our target customers through direct sales calls, trade shows, seminars, academic conferences, web presence, social media and other forms of marketing.
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Suppliers and manufacturing
−Removed: Our Pleasanton, California and Singapore manufacturing operations are ISO 9001:2015 certified, which covers design, development, manufacturing, distribution, service and sales, and we intend to seek similar certification for our newly acquired operations in Taiwan.
+Added: Our Pleasanton, California, Singapore and Taiwan manufacturing operations are ISO 9001:2015 certified, which covers design, development, manufacturing, distribution, service and sales.
We obtain some components of our instruments and consumables from third-party suppliers.
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These manufacturing operations include, among other operations, gel bead generation, surfactant synthesis and emulsion oil formulation, reagent formulation and tube filling, certain of our microfluidic chips, kit assembly and packaging as well as analytical and functional quality control testing.
−Removed: We outsource manufacturing for our Chromium, Visium CytAssist and Xenium instruments to qualified contract manufacturers who have represented to us that they maintain ISO 13485 certification.
−Removed: Our Chromium Connect includes an automated workflow liquid handling robot which is manufactured by our partner.
+Added: We outsource manufacturing for our Chromium, Visium and Xenium instruments to qualified contract manufacturers who have represented to us that they maintain ISO 13485 certification.
We perform optical and final assembly, instrument integration and testing of our Xenium instrument in-house.
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Additionally, most of our senior management team and the members of our board of directors hold PhDs and/or other advanced degrees.
−Removed: Company's scientific expertise is therefore embedded within the management team and throughout the organization.
−Removed: We are very proud to say that some of the world-leading experts in chemistry, molecular biology, microfluidics, hardware, computational biology and software engineering work and thrive at 10x.
−Removed: Our employees are highly motivated by our mission.
−Removed: We continue to emphasize employee development and training.
−Removed: We believe that our future success largely depends upon our continued ability to attract and retain highly skilled employees.
−Removed: We provide our employees with competitive salaries and bonuses, opportunities for equity ownership and development programs that enable continued learning and growth.
−Removed: In addition, we regularly conduct an employee survey to gauge employee engagement and identify areas of focus.
+Added: Our Company's scientific expertise is therefore embedded within the management team and throughout the organization, and our employees are highly motivated by our mission.
+Added: We emphasize employee development and training, and aim to provide employees with competitive compensation.
We have never experienced a work stoppage.
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Companies, both established and early stage, have introduced products for, among other things, genomics analysis, single cell analysis, spatial analysis and in situ analysis.
−Removed: We also compete with companies that offer existing tools and technologies for life science research, such as bulk sequencing, flow cytometry, PCR, immunofluorescence, immunohistochemistry and other imaging and cell-based assays, that are replaced by our products.
+Added: We also compete with companies that offer existing tools and technologies for life science research, such as bulk sequencing, flow cytometry, polymerase chain reactions (PCR), immunofluorescence, immunohistochemistry and other imaging and cell-based assays, that are replaced by our products.
Additional companies, including both early stage and established, have indicated that they are designing, manufacturing and marketing products to compete with us or that they intend to do so in the future.
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In addition, they may have greater name recognition than we do.
−Removed: Other competitors are in the process of developing novel technologies for the life sciences market which may lead to products that rival or replace our products.
+Added: Other competitors are in the process of developing novel technologies for the life sciences market which may lead to products
+Added: that rival or replace our products.
We expect new competitors to continue to emerge and the intensity of competition to continue to increase.
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The EU IVDR became applicable on May 26, 2022.
−Removed: The EU IVDR defines an IVD as “any medical device which is a reagent, reagent product, calibrator, control material, kit, instrument, apparatus, piece of equipment, software or system, whether used alone or in combination, intended by the manufacturer to be used in vitro for the examination of specimens, including blood and tissue donations, derived from the human
−Removed: body, solely or principally for the purpose of providing information on one or more of the following:
+Added: The EU IVDR defines an IVD as “any medical device which is a reagent, reagent product, calibrator, control material, kit, instrument, apparatus, piece of equipment, software or system, whether used alone or in combination, intended by the manufacturer to be used in vitro for the examination of specimens, including blood and tissue donations, derived from the human body, solely or principally for the purpose of providing information on one or more of the following:
(a) concerning a physiological or pathological process or state;
38 unchanged sentences
The Harvard Agreement is projected to expire in 2034.
−Removed: In connection with our acquisition of Spatial Transcriptomics Holdings AB (“Spatial Transcriptomics”), we were required to make contingent payments to the sellers based on revenue from sales of Spatial Transcriptomics products and Visium products, for the years ended December 31, 2019 through December 31, 2022.
−Removed: These contingent payments were equal to a percentage in the teens multiplied by such revenue.
In September 2020, we entered into an exclusive license agreement with The Board of Trustees of the Leland Stanford Junior University (“Stanford”), pursuant to which we in-license exclusive, worldwide rights under certain of Stanford’s patents and patents applications directed to ATAC-seq technology in all field of use (“Stanford Agreement”).
4 unchanged sentences
For the years ended December 31, 2024 and 2023, we made aggregate contingent and royalty payments under the Spatial Transcriptomics acquisition agreement, Stanford license agreement and Harvard license agreement, collectively, of approximately $9.2 million and $15.4 million, respectively.
−Removed: Other than payments under the Spatial Transcriptomics acquisition agreement, we expect the size of these payments to grow as our business grows.
+Added: We expect such payments to decrease in 2025.
The patents we own expire beginning in 2030 and the patents we exclusively in-license expire beginning in 2028.
6 unchanged sentences
In addition, certain foreign laws govern the privacy and security of personal data, including health-related data.
−Removed: Privacy and security laws, regulations and other obligations are constantly
−Removed: evolving, may conflict with each other to complicate compliance efforts, and can result in investigations, proceedings or actions that lead to significant civil and/or criminal penalties and restrictions on data processing.
+Added: Privacy and security laws, regulations and other obligations are constantly evolving, may conflict with each other to complicate compliance efforts, and can result in investigations, proceedings or actions that lead to significant civil and/or criminal penalties and restrictions on data processing.
Corporate information
15 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.