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{bio,medical} informatics

Thursday, July 13, 2000

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News.Com "Bioinformatic" software company files for IPO
"The Rockville, Md.-based company wants to raise $75 million from the deal. Bear Stearns, U.S. Bancorp Piper Jaffray, and Adams Harkness & Hill are managing the deal, according to yesterday's filing with the Securities and Exchange Commission.

""A central problem now facing researchers is how to organize...these complex and rapidly growing data sets to achieve breakthroughs in disease diagnosis, treatment and prevention, agricultural production, environmental management, and industrial processes," Informax said in the filing.

"Our software allows researchers to incorporate, directly or through the Internet, customer and third-party analytical algorithms and data sets," the company added.

"Informax has marketing deals with Compaq Computer, Oracle and Sun Microsystems to speed up market penetration of its software, saying "purchasers of bioinformatic software often look to market leaders in technology to keep them abreast of possible emerging industry standards."

[ rhetoric ]

Bioinformatics will be at the core of biology in the 21st century. In fields ranging from structural biology to genomics to biomedical imaging, ready access to data and analytical tools are fundamentally changing the way investigators in the life sciences conduct research and approach problems. Complex, computationally intensive biological problems are now being addressed and promise to significantly advance our understanding of biology and medicine. No biological discipline will be unaffected by these technological breakthroughs.


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