“This might seem like a simple case of yet another biotech out-stripping its capital - but it's sadder than that. While it appears that deCODE made some poor strategic decisions in a business sense, it did use its unique assets (i.e. access to the DNA, health and genealogical records of a large proportion of the Icelandic population) to answer fundamental questions about human genetics. A remarkable number of the genome-wide association studies published over the last couple of years have come from deCODE (I've heard the company described as "a biotech that acts like an academic research institute").”
Genetic Future : A train wreck in slow motion: deCODE Genetics slides towards bankruptcy
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