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The Financial Times Genomics doubts hamper Celera
"Growing doubts about the importance of genomics in drug discovery are holding sales of Celera Genomics' database in check, chief executive Craig Venter said on Thursday.
The new scepticism is limiting Celera's sales to the pharmaceutical industry, even as its sales to academic institutions thrive.
The discovery that the human body has far fewer genes than once believed has thrown into question the "one gene, one protein, one drug" model, Mr Venter explained."
redux [03.10.01]
eCompany Future Boy: We've Mapped the Human Genome. Now What?
"With information on the genome now rapidly becoming available, the business models for companies that sell information about the genome, such as Celera and Incyte, may soon be outmoded. Biotech companies will then have to earn their stripes the old-fashioned way: by developing blockbuster drugs. Of course, proteomics companies could arise to sell information about proteins to other drug companies, but Strosberg thinks this is a flawed approach. Given his history, he should know. "Incyte's business model," he recalls, "was originally to be an information provider. That period is over. People will not pay as much for information as they used to because so much of it is now publicly available. Information is becoming a commodity." Instead of selling information about proteins, he is focusing Hybrigenics on using its proteomics information to develop drugs, either alone or in partnership with larger pharmaceutical companies."
“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.”
BIOINFORMATICS IN THE 21st CENTURY
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