Basement Biotech: Threat to the Industry

Jun.22.06 | About: iShares Nasdaq (IBB)

My column in the current Business 2.0 is on "basement biotech": the idea that biotechnology is economically broken, the Moore's Law paradigm is invading biotechnology, and the age of the biotech hacker (in the good sense of the word) is upon us.

Indirectly, a somewhat similar point is made in an editorial in the current issue of the Proceedings of the IEEE. Called "Engineering in the Age of Biology", it rightly argues that major synthesis steps forward in science create new engineering disciplines, and bioengineering is the most recent example. And as we all well know, any time you put together a few engineers you pretty quickly get yourself a few hackers.