Word: genentech
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...entrepreneurs, they can open whole new areas of business enterprise. Venture money has fueled the development of the computer industry through investments in Prime Computer, Cray Research, Tandem and other companies, helped spark airline industry diversification with People Express and Air Florida, and bankrolled infant gene-splicing companies like Genentech and Biogen...
...that would eliminate many common computer breakdowns. Last year Tandem Computers, with Treybig as president and Tom Perkins as chairman of the board, rolled up sales of $109 million. The $1.5 million investment by Kleiner, Perkins is now worth $220 million. The company also struck gold last year when Genentech "One large winner takes care of an occasional loser...
...Wisconsin: "Large companies are not innovative. Hugeness destroys initiative." Indeed, during the past decade, two-thirds of all new jobs in the U.S. were created by businesses with fewer than 100 workers. Some of the most creative and innovative firms in America today, companies such as Apple Computer, Genentech and New York Air, are small, new corporations...
...stepped the gene splicers from Genentech, who managed to isolate the gene in the virus that orders up the production of VP3. A molecular fragment containing these instructions was then spliced into a plasmid, or small circular collection of DNA, taken from an E. coli bacterium. Then the plasmid and its "recombined" DNA were inserted back into E. coli. Not only did the recipient bacteria begin cranking out VP3, but all their offspring reproduced the protein as well...
Other gene splicers have accomplished variations of the same feat, but the Genentech-Agriculture Department team says that its production levels are a thousand times as high per bacterium as anything that has been done before. The scientists acknowledge that their vaccine is not a magic bullet against all seven major strains of foot-and-mouth disease.Each has a slightly different protein coat, and each will require a different vaccine. But they are optimistic that the critical proteins can be isolated and then reproduced through gene splicing. If so, in a few years effective new vaccines easily produced in large...