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  • News & Commentary - Message forums

    Red Herring: DoubleTwist Spirals Under
    Submitted by Rupert Yip; posted on Tuesday, June 04, 2002

    Is this a sign of the times for Bioinformatics?

    ``Despite all the momentum gathered in the wake of the Human Genome Project, the bioinformatics provider DoubleTwist has unraveled, closing its doors in March after burning through $76 million in funding.

    ``The failure is representative of the difficulty that bioinformatics startups are having in selling genomic information to pharmaceutical companies. Although the market for bioinformatics tools is estimated to be more than $1 billion, most of that money is being spent on in-house efforts at `big pharma,' rather than on what smaller outfits have to offer.''

    Full story:
    www.redherring.com/inve[...].html

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