News of the WeekHuman Genetics

Cash-Starved deCODE Is Looking For a Rescuer for Its Biobank

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Science  28 Aug 2009:
Vol. 325, Issue 5944, pp. 1054
DOI: 10.1126/science.325_1054

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Iceland's deCODE Genetics announced earlier this month that it has enough cash to keep going for only a few more weeks. The genomics company's troubles are raising questions about the future of its massive DNA biobank, which contains a wealth of genetic data on the Icelandic population. The biobank has been a boon for genome-wide association studies (GWAS), which scan the entire genome for disease risk markers; however, deCODE's attempt to develop drugs from these findings haven't been a moneymaker. deCODE says it is talking to potential academic as well as commercial partners as part of a restructuring.