Why the “Database Sale Story” is Silly
It’s not a sale if your left hand pays your right.
Left… 23andMe: Right! Google (the world’s most successful mass computation company… and the most profitable)
Left… deCODEme: Right! deCODE (a genomics research company)
Left… Navigenics: uhhhhhh…. You don’t sell your test at a 250% mark-up from your competitors if your plan is to build the biggest genomic database first. However, you might lie about how the real market is “for the database” later when nobody buys your product… and hope that nobody remembers that the “customer” for that database is already supposed to be fronting the losses of your business.
I’ve heard chatter that some people are upset because 23andMe is likely getting special pricing from Illumina and that they are selling their tests ludicrously below cost.
23andMe isn’t operating by the meritocratic rules of business of profitability because of their private connections?
Gosh gee golly! That just ain’t how alls I remember learning the American Dream back at the ol’ high school like.
Well, don’t worry. Good ol’ Midwestern morals always win in the end, and attempts to nuke the market by artificially lowering the price are never rewarded.
I promise.




Think Gene at Technorati
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Andrew Yates versus Dr. Steven Murphy | Think Gene
[...] our “Why The Data Sale Story is Silly” story last week, Dr. Steven Murphy (the Gene Sherpa) of the genomics medical special [...]