At Eye on DNA, Hsien-Hsien Lei comments on the fact that deCode just laid off 15 percent of its staff. She finds it's surprising, given their number of products and the fact that genomic technologies are becoming cheaper and cheaper. "Perhaps this is an indication that the market is starting to experience saturation in the number of companies and services being offered yet has not seen a concomitant rise in the number of consumers willing to pay for personal genomic services," she says, adding her prediction that in 2008, "we will surely see companies drop out and others consolidate."
The Sound of a Bubble Bursting
Mar 08, 2008