BioCentury's websites will be down for upgrades starting at 9 p.m. PDT on Monday, August 26. We expect the downtime to last no more than 6 hours, and we apologize for any inconvenience.

12:00 AM
Jun 04, 2001
 |  BioCentury  |  Strategy

The not-for-profit play

Although MDS Proteomics Inc. is in business to discover and develop drug candidates based on knowledge gleaned from proteomics, the company last week set up a not-for-profit organization with IBM Corp. to aggregate protein interaction data from public sources.

While it seems contradictory to give away information on which its business is based, MDS believes that it will be able to benefit in two ways. First, by housing the information in a non-profit entity, it will be incenting academic researchers to do the work of putting their data into a central repository. Second, and probably more important, MDS will be able to ensure that the data will be compiled in a manner that is compatible with the company's internal data and tools.


Read the full 600 word article

User Sign in

Trial Subscription

Get a 4-week free trial subscription to BioCentury

Article Purchase

$150 USD
More Info >