Monday, October 8, 2001
As in biology, the evolution of a market does not always take anticipated turns. Many bioinformatics companies were started with the notion that they could come up with systemwide and/or standardized solutions for a universe of customers. But many potential clients have concluded that they need totally customized solutions for very specific needs - with many concluding that they should build their systems in-house.
Thus, only a year after raising more than $122 million in an IPO valued at $425.6 million