News of the WeekBiotechnology

How a Bland Statement Sent Stocks Sprawling

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Science  24 Mar 2000:
Vol. 287, Issue 5461, pp. 2127
DOI: 10.1126/science.287.5461.2127a

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Stocks of genetic research companies, after shooting upward early this year, plummeted on 14 March when President Bill Clinton and British Prime Minister Tony Blair issued a bland statement urging all labs to provide "unencumbered access" to raw DNA sequence information. Within 48 hours many began to stabilize, but remained well below their peak a week later.