Discovery Chain Gang
Sequenoms strategy for entering the drug discovery arena is markedly different from other mergers. The company stepped further up the discovery chain with its acquisition of Gemini Genomics and will be able to identify drug targets without big pharmas help.
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The public-private workshop was first planned for April. Discussion will be general in nature, rather than the head-to-head comparison of HGP and Celera sequencing methods originally envisioned.
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The consortium plans to clone two cDNA fragments for each of 50,000 genes. Harvards Institute of Proteomics has estimated it will cost $100 million to sequence 100,000 cDNA clones.
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Teeming with Proteins
MediChem is looking to study protein-protein interactions and to develop new mass spectrometry and NMR capabilities. In particular, CEO Michael Flavin mentioned a potential collaboration with Argonne National Laboratory as a possible segue into other proteomics technologies.
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Hitched to a Star
Genomics stocks appear to be gaining momentum. Analysts believe there is more to the genomics sector upswing than a hitched ride with the overall market, but market watchers fell short of saying that the frenzy for genomics stocks had been reignited.
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I cant believe it took so long for a pharmaceutical company to buy an informatics company.
Gunnar Weikert, Inventage CEO
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Why you would want to pay when you can get it free is beyond me. Mike Stratton, head of the Cancer Genome Project at the Sanger Center
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New Old Guy on the Block
Microsoft is targeting the bioinformatics and drug discovery computing market. But that market is getting increasingly crowded and the established players are likely to put up a tougher fight than the software leader is accustomed to.
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A number of smaller companies are foregoing the genome-on-a-chip idea in favor of low-density arrays with selected sets of genes involved in specific metabolic pathways. One thing is clear: the era of specialized chips has begun.
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