Analysts Say deCODE Genetics Headed for Bankruptcy Court
by Dr. Hsien-Hsien Lei
Posted November 13, 2008 in Business of DNA
deCODE’s problems should not be any surprise to those following Iceland’s massive financial crisis. Morningstar’s Matthew Coffina has now listed deCODE stock as one of five that “look completely worthless.”
deCODE Genetics (DCGN)
From the Analyst Report: “DeCODE Genetics engages in some provocative research projects…. However, the company has yet to gain approval from the Food and Drug Administration for any of its products, and it is currently facing a severe liquidity crisis. It appears more likely to us that deCODE might no longer be a viable entity.”
via Genealogy-DNA-L

Related Posts:
DNA Video: deCODEme...
deCODE Genetics Sinking Low...
Cat Fight Over Diabetes Genes...
DNA Video: Dr. Kari Stefansson of deCODE genetics...
deCODE Genetics Finds New Gene Variant for Heart Attacks...
Nurse Kendra James Takes The deCODE T2 DNA Test...
Eye on DNA Headlines for 12 October 2007...
Please note that comments left using the form below will be publicly displayed. If you'd like to correspond with me privately, please email me at hsien@eyeondna.com.
If your comment doesn't show up immediately, it's probably in moderation. I will approve it as soon as I can! Thanks for your patience.
2 Comments »
Search Eye on DNA
- Michael Jackson May Have Had Genetic Lung Disease Alpha-1 Antitrypsin Deficiency
- Twin DNA Foil Investigators Again
- Regulatin’ Genes Video
- Yay or Nay for Genetic Testing?
- American Clinical Laboratory Association Tips for Consumers of Genetic Tests
- Navigenics Introduces Physician Portal and Annual Insight Service
- Eye on DNA Interview: Dr. Tzung-Fu Hsieh of RedTracer DNA Test for the Red Hair Gene, MC1R
- Books About DNA: The Crime of Reason by Robert B. Laughlin
- What does DNA mean to you?
- Genetically Modified Organisms Bring in the Cash
MOST POPULAR
- DNA Toys: Ben 10 and Digimon Digivice
- 100 Facts About DNA
- Genetically Modified Organisms Bring in the Cash
- What does DNA mean to you?
- Books About DNA: The Crime of Reason by Robert B. Laughlin
- Eye on DNA Interview: Dr. Tzung-Fu Hsieh of RedTracer DNA Test for the Red Hair Gene, MC1R
- Parenting Children Using Genetic Tests
- Navigenics Introduces Physician Portal and Annual Insight Service
- American Clinical Laboratory Association Tips for Consumers of Genetic Tests
- Yay or Nay for Genetic Testing?
- Michael Jackson May Have Had Genetic Lung Disease Alpha-1 Antitrypsin Deficiency
07/02/2009 01:44 pm
2 Comments - Is the Pink or Blue early baby gender DNA test accurate?
05/27/2009 08:25 am
78 Comments - New Line Genetics and SellMyDNA.com Offer $5,000 for Your DNA
05/06/2009 03:56 am
33 Comments - Boston Celebrities Donate DNA for Genographic Project
05/05/2009 08:07 am
6 Comments - Twin DNA Foil Investigators Again
05/02/2009 11:32 pm
3 Comments - Business of DNA
- DNA @ Google Answers
- DNA and Disease
- DNA and Genealogy
- DNA and the Law
- DNA Around the World
- DNA Fun
- DNA in General
- DNA Inventions and Gadgets
- DNA Lab Talk
- DNA Podcasts and Videos
- DNA Quotes and Excerpts
- DNA Testing
- Gene Therapy
- Genetic Engineering
- Genetically Modified Foods and Organisms
- Jobs Involving DNA
- Personalities with DNA
- Polls About DNA
RECENT POSTS
RECENT COMMENTS
CATEGORIES
ARCHIVE
- June 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
RANDOMIZED BLOGROLL
- Highlight HEALTH
- Cotch.net
- GMO Africa
- Biotech Blog
- The Minnesota Gene Pool
- Emergiblog
- Sleepy-Head
- Mark’s Daily Apple
- Genetizen
- Omics! Omics!
| We comply with the HONcode standard for trustworthy health information: verify here. |




I hope the best for the people of Iceland. deCODE was their hope for a new biotech industry, and remember, the entire country is only a few hundred thousand people.
Too bad the criminals who used their country’s currency and credit to launder money through their banker salaries and bonus are now probably living it up in London by now.
Who will handle the private data generated for the thousands of customers of deCodeMe ? The overheads are probably small but if the Krona is so low now there won’t be enough for even the barest of caretaking duties.
Consumer genetics seems to me to be so dependent on venture capital that it’s likely to disappear as a feature of our web landscape or diversify into ‘lean ancestry suppliers’ (relying on cheap and quick uni-parental loci that often give spurious suggestions of genealogy - see Oxford Ancestors).