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Genomics - Essay

Genomics

The Impact of on the World’s Economy
, the science of manipulating, building, studying, and designing molecules, is going to change the face of the world’s economy as we know it. Companies are rushing to adapt to the rapidly changing economic environment as new discoveries are being made in this field. has the potential to affect all aspects of every sort of industry. Since deals with things on a molecular level, its technology can be applied to everything, most notably computers, energy, environmental, cosmetics, chemical, food, agricultural, biotech, and pharmaceuticals. The change has made to the economy has already created a whole new economic sector, the life sciences.
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billion. A near merger between Glaxo and SmithKline would have created the world’s third largest company, with a budget large enough to fund the estimated cost of sequencing the human genome. Its capitalization would have been larger than the annual gross national product of some 143 of the world’s nations (Enriquez 925).
These mergers also allow the companies to combine their knowledge pools to gain an edge in the race to acquire licensing agreements and patents. In 1991 the U.S. Patent and Trademark Office got 4000 requests for patents on gene sequences. In 1996 the requests for patents on gene sequences shot up to 500,000 (Enriquez 925).
It seems impossible not to go with life sciences. DuPont tried to remain primarily an energy and chemical company. However, DuPont later announced a restructuring, with life sciences at the head. The changes in companies go even deeper than that. Many companies are competing in several fields instead of just one. Agriculture and biotech ...

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PAPER DETAILS

Added: 2/18/2007 04:27:38 AM
Category: Science & Nature
Type: Premium Paper
Words: 764
Pages: 3

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