Word: biotechs
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...unlock the secrets of life and death, the heroes in this tale develop a powerful enzyme with the potential to rejuvenate the human body's aging tissues. But this is no sci-fi fantasy. It is an experiment sponsored by the National Institute on Aging and the Geron biotech company of Menlo Park, Calif., and a report on the research appeared in last week's issue of the prestigious journal Science. Not surprisingly, when word of the study first hit Wall Street, Geron's share price jumped 40%, to close at 14 3/8, and press bulletins heralded the newly discovered...
...competition but still bound together, in charge of the same pot of gold. Now one of them is going under the hot lights, giving them all a new reason to be nervous. Brown & Williamson Tobacco was the "unindicted co-conspirator" in the guilty plea Wednesday of a California biotech firm called DNAP, which was convicted of breeding high-nicotine tobacco plants (illegal under U.S. law) and smuggling seeds out of the country to be farmed in Brazil...
Such possibilities, to be sure, are speculative, but that didn't stop Wall Street, where the stock of Geron Corp., a small biotech company based in Menlo Park, Calif., that helped Cech's group discover the gene, more than doubled, to 1618 a share. In fact, Geron researchers have been looking for antitelomerase compounds for several years, using indirect-screening methods. Because tumor cells--the main source of the human enzyme--produce it in vanishingly small quantities, the scientists lacked pure telomerase, which could have sped the search for drugs that might be used against...
...Large Software, if he knew who Trent Lott is. Sasson, a highly educated, thoughtful and articulate research engineer, born in Iran but now an American citizen, said, "I don't know him." I also asked Joel Bellenson, the 32-year-old CEO of Pangea Systems, a 1991 biotech start-up. A few years and a few moves further along than @Large (though still, shall we say, preprofitable), Pangea is recently installed in a glamorous office overlooking a lake in downtown Oakland. Bellenson, who says he subscribes to the New York Times and the Wall Street Journal and listens to National...
...commenting only on the excitement of the intranet. America's high-tech culture has indeed combined doing well and doing good--getting rich and making the world a better place--with more success, probably, than any similar-size group of people in the history of the world. And for biotech, especially, the miracles are just beginning. If the citizens of this Other Beltway wish to believe they're doing more good for the world than their counterparts in the Washington Beltway, they can make a good case...