Clifford Reid is the chairman, president and chief executive officer of Complete Genomics.

By the end of 2009, Complete Genomics had sequenced 50 human genomes.

Complete Genomics followed by securing another $45 million in a fourth round venture funding during the same month.

Complete Genomics has also made the claim that it will sequence 10,000 full genomes by the end of 2010.

However, Complete Genomics has previously released statements that it was unable to follow through on.

Complete Genomics has stated that they will be able to offer a $5,000 full genome sequencing service by the summer of 2009.

Complete Genomics announces complete human gene sequencing for $5,000 next spring, which is 1/20th the price of the current marketplace.

That allows Complete Genomics to bring an entire human genome in while spending less than $5,000 on materials.

Right now, however, it's clear that Complete Genomics is a work in progress.

The company Complete Genomics uses this technology to sequence samples submitted by independent researchers.