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...colleagues, and he recognized that more controversy could overshadow a historic moment in biomedicine. Beyond that, he'd taken a beating in the marketplace. After a joint declaration by Clinton and British Prime Minister Tony Blair in March that all genomic information should be free, the value of Celera stock plummeted from $189 a share...

Author: /time Magazine | Title: The Race Is Over | 7/3/2000 | See Source »

...Celera, by contrast, has not only the pages but all the words and letters as well--though neither side can yet say what most of these words and letters mean. And while the HGP boasts that it has done its sequence nearly seven times over to guarantee accuracy, Celera has gone over its own almost five times. Moreover, the company came up with a new technique that made its sequencing rate, already the fastest around, even faster. In addition, Venter claims that by the end of the year, he'll have sequenced the genome of the mouse--whose 2.3 billion...

Author: /time Magazine | Title: The Race Is Over | 7/3/2000 | See Source »

...penchant for doing science by press release (yes, he keeps his door open to reporters) or his tendency to do not science but, as pioneer DNA mapper James Watson sneered, tedious assembly-line labor on machines that "could be run by monkeys" (yes, most of Celera's analysis was done by robot gene sequencers and high-speed computers...

Author: /time Magazine | Title: The Race Is Over | 7/3/2000 | See Source »

...tossed in the brig twice for refusing to obey orders), and he almost always speaks his mind. "He has no filter. He shoots from the hip," says Norton Zinder of Rockefeller University, leader of the effort to map the genome who overcame his initial hostility and joined Celera's advisory board...

Author: /time Magazine | Title: The Race Is Over | 7/3/2000 | See Source »

...National Institutes of Health to begin his great gene chase, he turned almost overnight from a hardscrabble government scientist with $2,000 in the bank into a yacht- and sports car-owning multimillionaire who threw Gatsby-like parties (last year's income: $560,000, not counting options on Celera stock that were worth, at last week's closing price of $125.25, nearly $351 million). And by declaring his intention to sequence the entire human genome in only a fraction of the time (three years) and at a much lower cost ($200 million) than government-sponsored scientists had originally said...

Author: /time Magazine | Title: The Race Is Over | 7/3/2000 | See Source »

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