Gene Expression

deCoding going under

Dan MacArthur has the details. What, no bailout from the government of Iceland?

Comments

  1. #1 Steinn Sigurdsson
    August 11, 2009

    that is a good question… at the last crisis some influence was brought upon lenders to keep decode going, but they need cash and a revenue model – they’re sitting on some interesting results, I hear, but don’t have any resources to go clinical

    buyout might be their best bet, but their most valuable asset has some restrictions on it

  2. #2 Daniel MacArthur
    August 11, 2009

    Heh… my inside sources tell me the government of Iceland can barely afford to keep the country running, and the populace is going back to its traditional foods (boiled sheep’s head and rotten shark, yum!), so I’m guessing deCODE is looking elsewhere for the bailout.

    However, Steinn is spot on: who will buy a product with such hefty ethical and political strings attached?