Chapter

PublicXPrivate

Mike Fortun

in Promising Genomics

Published by University of California Press

Published in print February 2008 | ISBN: 9780520247505
Published online March 2012 | e-ISBN: 9780520942615 | DOI: http://dx.doi.org/10.1525/california/9780520247505.003.0014
PublicXPrivate

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In March 2000, deCODE Genetics filed its registration statement, immediately electronically accessible, with the U.S. Securities and Exchange Commission. deCODE was planning to go public sometime in May of that year, offering its stock for sale on the tech-centric NASDAQ exchange. So began a new phase of the author's research on promising genomics in a lavaXland which now included that most volatile of territories in that most volatile of times: the U.S. stock market on the millennium's cusp. In early March 2000, the promising biotechnology economy was in full surge. deCODE was probably hoping that they could ride it to a quick and gloriously lucrative initial public offering. Things did not turn out that way. The biomarket crash—or dip, or “necessary correction”—happened in the middle of the author's March 2000 visit to Iceland, and it sparked some optimism among those opposed to an Icelandic genomic future centralized in deCODE and the Health Sector Database.

Keywords: Iceland; deCODE Genetics; NASDAQ; stock market; biotechnology; lucrative public offering; Health Sector Database; genomics

Chapter.  3370 words. 

Subjects: Evolutionary Biology

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