Big day for biotech
Biotech stocks soar as human roadmap is published for the first time
NEW YORK (CNNfn) - Biotech stocks soared Monday as two versions of the architectural plans for the human genome were published, giving researchers access to the groundbreaking information and initiating a race to develop new drugs based on it.
On Monday, Celera Genomics (CRA: Research, Estimates) and the Human Genome Project, a government-sponsored international consortium of scientists, released their own versions of the book of life, opening the door for drug companies to the possibilities of not only curing some of evolution's most enigmatic diseases such as cancer, but also to preventing such genetic problems from occuring in the first place.
*"The book of life","Opening the door", na mehr geht ja gar nicht.
Celera's shares jumped $6.15, or more than 14 percent, to $47.75 at the close of trading Monday on the New York Stock Exchange.
* Kommen von 276 $, by the way.
"What is news is that finally researchers have the actual genome, we have the data, but now the data is in widespread distribution," said James Reddoch, an analyst with Bank of America Montgomery.
And now that that information is widely available, there are several ways for biotech companies to profit from the information, Matt Geller, a biotech analyst with CIBC World Markets told CNNfn's Market Coverage Monday.
*"Several ways". Toll.
But some dispute the published findings. Human Genome Sciences, a competitor of Celera's, claims the human genome is made up of more than 100,000 genes, not the 30,000 genes proffered by Celera and the project.
That difference could have implications for drug development and the time to market for those drugs.
* Auweia, was stimmt denn nun? 100k oder 30k?
William Hasseltine, Human Genome Science's chief executive, told CNNfn's Market Call that it would take 5-to-20 years to bring new drugs based on the research to market rather than the 50-to-100 years others have suggested.
* In 5 Jahren kommt also die Pille, die mich noch 100 Jahre leben lässt, und in 100 Jahren die Pille, die mich wieder zum Mini-Lullaby macht. Husch, husch, zurück in den Beutel - aber wo ist Mama dann?
Und dazu, was ich bei André und Rossi lesen konnte (merci vielmal!). Bestenfalls passiert es wie dem Kolumbus: er wollte Indien finden und entdeckte Amerika - mit dem kleinen Unterschied aber, dass es den amerikanischen Kontinent zufälligerweise gar nicht gegeben hat. Der arme Kerl wäre wahrscheinlich heute noch unterwegs...
Es grüßt das leider noch nicht gen-enträtselte
Lullaby
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